ARU 0.00% 17.5¢ arafura rare earths ltd

Correct me if I am wrong but doesn't aru have around 50mil cash...

  1. 7,708 Posts.
    lightbulb Created with Sketch. 558
    Correct me if I am wrong but doesn't aru have around 50mil cash in the bank, why the need for a rights issue?
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
0.000(0.00%)
Mkt cap ! $404.3M
Open High Low Value Volume
17.5¢ 18.0¢ 17.3¢ $624.4K 3.553M

Buyers (Bids)

No. Vol. Price($)
3 209908 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 809563 23
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.