ARU 0.00% 17.0¢ arafura rare earths ltd

great news bfs is save now

  1. 175 Posts.
    Everything is fine, all these scaremongerers are just unable to calculate.

    $ 7,541,517 was raised through the Rights Issue
    $ 2,533,204 was raised through the short fall
    $ 8,500,000 by chinese partner (28 million shares @ 0.30A$)

    The chinese will take up at least another 30 million shares @ 0.40A$ to reach the 25%.
    This means
    $ 12,000,000
    ------------
    $ 30,500,000

    ca. 250 million shares issued. (23,2% for the chinese, so there will be some extra bucks to round up to 25%)

    Therefore: Everyone who says ARU doesn't have enough money for the BFS is offically an imbecile.





 
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