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18.0¢ arafura rare earths ltd

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25/01/24

09:05

Post #: 72056539
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Originally posted by Sabbath: ↑

I read an article last year where it stated that 80% of economic activity is created or supported by government via our taxes. So the logic is invest where government intends to build.

Global governments were falling over each other to develop rare earths, battery facilities, support EV's etc etc, but they misread the appetite as to who was going to pay for it. It's now all fallen to the wayside, Bidens IRA isn't having an impact in Australia, the Labor government has been told to pull it's head in and get inflation down and they are backtracking big time. The demand is not there for the price that has to be paid by taxpayers. The media played it's part as well hyping initiates that are in effect unaffordable.

Yes mgt fell for the bait as well, but are not totally to blame for being given the impression that big investors were there to support them. The big investors already pulled their funds over a year ago, it's only retail that's now supporting penny stocks. Some will survive, many will not, how many CR's will it take before investors have had enough of them and they fall to the wayside of insolvency?

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Gina investing in Liontown and ARU doesn’t support what you are saying

ARU Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.0¢		Change -0.005(2.70%)		Mkt cap ! $415.8M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.0¢	$163.3K	889.2K

Buyers (Bids)

No.	Vol.	Price($)
17	466057	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	515520	12

View Market Depth

No.	Vol.	Price($)
17	466057	0.180
29	915829	0.175
49	1446442	0.170
26	1632462	0.165
54	1751633	0.160

Price($)	Vol.	No.
0.185	515520	12
0.190	854148	24
0.195	1020329	23
0.200	1369812	36
0.205	579249	15

Last trade - 16.10pm 03/07/2024 (20 minute delay)

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