Tajer, go to www.arafuraresources.com.au and read the...

Tajer, go to www.arafuraresources.com.au and read the announcement 14/11/2006, in essence the following

• The rights issue is non-renounceable.
• Shares in the rights issue will be offered on the basis of 2 shares for every 5 shares held by the
shareholder on 5.00pm WST on 29 November 2006.
• The record date to determine entitlements is 29 November 2006.
• The rights issue will not be made available to shareholders registered outside of Australia and New
Zealand.
• The closing date for receipt of acceptances is 5.00pm WST 14 December 2006.
• The rights issue is underwritten to $10,992,868 by Bell Potter Securities Limited.
• Holdings statements will be dispatched on 22 December 2006.
• Arafura shares will be quoted on an “ex” basis on 23 November 2006.
Arafura has previously announced plans for a proposed demerger which will deliver to Arafura’s shareholders
direct ownership in a dedicated uranium exploration company (NuPower Resources) focused on the Northern
Territory of Australia

Ok, closing date for entitlement is today, then acceptance must be made by 14/12/2006, and followed by issue of scrip. Now if you hold 5 shares @ 47.5c todays price you get 2 more @ 36c. Sure you can play the market which some obviously will, but the main issue is the DEMERGER or SPIN-OFF actually an IN-SPECIE entitlement coming soon will keep most holders happy to hold.

Some DAYTRADERS will get into the act so nobody knows where sp will go between announcements. The risk you take if the announcements come as expected, is you may have to pay more than current price of ARU or ARUO

Time will tell. Always does