I think you will find that a CR will be required in the future to reduce borrowing, if that’s what is suitable. That being said, it’s only speculation, and not to be announced until the financial syndicate is finalised.
The movement in SP for now is nothing more than a RE-rate in line with the rest of the industry. We are shovel ready, and a well planned company that is ready to construct on completion of funding. LYC produce 6Mt and we will do 4.4Mt (with almost 40 years life of mine) so the ARU share price at 20c would be considered rather low. Well, at the very least, is a great opportunity to win given this ‘rare earth’ momentum.
I think you will find that a CR will be required in the future...
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $377.8M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $95.48K | 599.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 145 | 6010008 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1683177 | 27 |
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| Last trade - 13.42pm 19/08/2024 (20 minute delay) ? |
| ARU (ASX) Chart |