https://www.livewiremarkets.com/wires/your-favourite-small-cap-is-down-50-year-to-date-is-it-time-to-buy-the-dip?
Some quotes from the interview:
Arafura’s FY23 highlights
-Signed binding offtake agreements with foundation customers Hyundai, Kia and Siemens
-Advancing negotiations with several other global Tier 1 businesses and OEMs
-Completed FEED and commenced detailed design on Nolans’ hydrometallurgical plant
-Commenced enabling works and early construction activities at Nolans in the second-half
-NdPr prices eased from early highs of US$140 to around US$60 per kilogram
-Financial highlights:Raised more than $180 million in FY23
-Net loss of $96.3 million
-Cash position of $128.8 million as at 30 June 2023
Are there any risks to this company and its sector that investors should be aware of Arafura:
The main risk is the chunky capital spend of $1.4 billion plus a $200 million contingency to bring the Nolans Project into production. So we’re talking about a $1.6 billion project. Let’s also remember that Arafura is a long way from the ocean, there are a lot of factors that pose a risk for this project, which is why it’s been a long time in the making.That said, Nolans is a quality project with a production profile of 4,400 tonnes per annum of NdPr oxide. That’s a size where it won’t saturate the market.
From 1-5, where 1 is cheap and 5 is expensive, how much value are you seeing on the ASX right now? Are you excited or are you cautious about the market in general?
Rating: 2The Australian market is presenting an interesting discount, which is why we have two. We like the large cap banks and resource companies but think some of the defensives are a bit overvalued.
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Mkt cap ! $443.5M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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6 | 200375 | 17.0¢ |
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Price($) | Vol. | No. |
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18.0¢ | 787496 | 25 |
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No. | Vol. | Price($) |
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4 | 190000 | 0.170 |
23 | 1435526 | 0.165 |
27 | 1260899 | 0.160 |
19 | 1994685 | 0.155 |
76 | 2361343 | 0.150 |
Price($) | Vol. | No. |
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0.180 | 659525 | 23 |
0.185 | 1144776 | 16 |
0.190 | 700592 | 13 |
0.195 | 591483 | 16 |
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