ARU 4.17% 11.5¢ arafura rare earths ltd

Really well informed post. Thank you. I agree, I think in the...

  1. 81 Posts.
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    Really well informed post. Thank you.

    I agree, I think in the short term there aren't going to be any 'parties' other than then ones you hear from HC members who are clueless to fundamentals and post on hype, create rumours of takeover potential, but are crickets when there is no hype and sp retracing. They are better off in bitcoin.

    My worry with ARU, as happens to many other small caps that are promising but far away from revenue and burning cash, is that the capital raisings inevitably come, dilute, smash holders, give discounts to insti's and sophisticated investors, and basically wither away those who bought in at this stage. So perhaps buying in later, say in a year or when the capital raisings inevitably come and smash the share price, is the best time to get in then.

    It's hard to see this going anywhere in the short term other than a few cents up or down from its current position, with the risk of a big dump down on the inevitable capital raising (which maybe then the right time to think about accumulating for a very long term play as lurka points out).
 
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Last
11.5¢
Change
-0.005(4.17%)
Mkt cap ! $381.9M
Open High Low Value Volume
12.0¢ 12.0¢ 11.5¢ $214.7K 1.826M

Buyers (Bids)

No. Vol. Price($)
88 2965273 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 1452942 21
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Last trade - 11.53am 29/11/2024 (20 minute delay) ?
ARU (ASX) Chart
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