ARU 0.00% 12.5¢ arafura rare earths ltd

Yes mid year they were down to five cents, but looking at the...

  1. 131 Posts.
    Yes mid year they were down to five cents, but looking at the yearly chart I think that dip has passed. Notice from September to now, a head and shoulders pattern has been completed. I'm inclined to think the price may well settle around eight cents for now.

    This company is not going to be producing for years yet. As you noticed they are still in the prototype stage for testing the technique to extract the concentrate. If that all goes well, as it seems to be, they will have to raise a huge amount of money to build the mine and the full scale chemical extraction production line.

    The RCR Report on the company a few months ago, was projecting FY2023 to achieve full nameplate capacity. It is definately one for the patient long term investor.
 
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103 4486645 12.5¢
 

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13.0¢ 1453366 10
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