burning cash at 3.5 m/ qtr it will last the most to the end of 2015. So cap raising is coming - I wonder what the offer would be ? And the reason of all RE stocks going to the drain ? They are not able to COOPERATE - each one tries to open its own doors - it costs a lot of money and time. They behave like those overambitious scientists - each wants to be the one who did 'whatever' on its own. Madness... yet directors get paid for insane business management. In my opinion this and most other RE stocks should have disappeared from ASX altogether. Even look at the 'most advanced' LYC : they have huge, huge debt, yet thay are the most advanced into production fromm all of them - yet they keep making losses. So ARU is years behind LYC which means they are years behind until they start making really big losses. Now it is just money dust - few millions / year for directors' benefits. When (and IF) the big capex comes over then we will see continuous adjusments for capex needed. My bet is that ARU (and TAS, HAS etc) will NOT make any regular profit for another 8-10 years - nothing at all. By then my money will earn heaps on stocks that DELIVER !
ARU Price at posting:
5.1¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)