ARU 0.00% 17.5¢ arafura rare earths ltd

Yes Albous. Although I feel the dogs tail will be wagging madly...

  1. 6,411 Posts.
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    Yes Albous. Although I feel the dogs tail will be wagging madly soon.

    All things being equal - ECE sell off to be completed this week - into 4th week since ann with 40 million remaining. They have been averaging 10 million a week in first 60 million sells. That could well pave the way for final offtake ann and finance by end of June - perhaps any day. Shorters chart looking a little anxious - stuttering now but still near highs - expect they are conscious of the above mentioned and well worth following next couple of weeks as ECE gone - volumes drop - TH - ann's pending - well - in theory anyway.

    PrNd pricing remains unchanged again today over at SMM. I interesting article there today regarding IEA (International Energy Agency) to implement a benchmark for EV raw materials imports by late 2023. PrNd not mentioned specifically but must be high on the radar - mentions battrey minerals. Goes on to say they need to shift reliance on one major supplier for those minerals - well PrNd is a major requirement so expect that to be inclusive when final launch announced.
    More volume today after yesterdays ASX close. Bring on Friday - surely the end of ECE (engaged seller) filling the sell side and playing with the trading volumes/daily shorting and the insto's pushing the SP lower as they fill their bags.

 
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