ARU 2.63% 18.5¢ arafura rare earths ltd

It would seem that the “Gina” factor is more attractive than the...

  1. 391 Posts.
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    It would seem that the “Gina” factor is more attractive than the $550m "bombshell news drop" and near-term SP performance, given Friday’s significant dip after such positive news, while another REE peer finished in the green, coughs A*R. As mentioned a few months back, when I held a modest position @ 17c post-CR, look out for a Gina TO in the 40-70c range. ARU is a rudderless ship that’s been dead in the water for nearly 20 years. Kudos to the new CEO though bringing in Albo’s $$$ I’m genuinely shocked this dipped on Friday; next week will be the make-or-break week if ARU can’t crack 30c next week and hold it over the next 20 trading days; a Gina takeover is all but certain, IMO. Ultimately, ARU has 24-36 months post-2027 as a producer to generate revenue but no profit; Nolans is only economical at $130,000t making it difficult to raise funds still needed for the train to leave the station, possibly why Albo's $ didn't move the needle much. Another significant CR is necessary - and ARU will likely pivot to become a refiner of other REE projects’ feedstock as a private Rihehart-owned company. I bought the news last week and got in @ 19.5c for a mere 10k units, and I was very shocked I got in at that price and sold 9k @ 26.5c, I’m keeping an eye on next week’s make-or-break moment that will determine if ARU remains a public entity or becomes a private entity. GLTAH

 
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Last
18.5¢
Change
-0.005(2.63%)
Mkt cap ! $427.4M
Open High Low Value Volume
19.0¢ 19.5¢ 18.5¢ $563.9K 3.005M

Buyers (Bids)

No. Vol. Price($)
21 1501044 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 511417 8
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
18.5¢
  Change
-0.005 ( 0.00 %)
Open High Low Volume
19.0¢ 19.0¢ 18.5¢ 1476096
Last updated 15.59pm 26/04/2024 ?
ARU (ASX) Chart
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