ARU 0.00% 15.5¢ arafura rare earths ltd

the yellowcake cup - winner ??, page-36

  1. 7,087 Posts.
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    re: the yellowcake cup - winner ?? aru out of puff I would not say Arafura is out of puff, more holding it's own in a pretty tough market. Which is a pretty good deal at the moment.
    If you look at todays trade 82,000fpo's even with or above yeterday. 6412 shares ($1700) was negative, miniscule really.
    There is very little resistance through to 33c, this will get hit pretty quick.
    Arafura are really unable to start throwing numbers around as it tends to bite harder later on.

    Re China, this deal was near knocked on the head. China was told to 'back off' and even today told they dont need to buy companies just buy the product. After hassles with Unocol in USA they will tread carefully. Another 6-12 months for this to play out imo.
 
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