ARU 0.00% 13.0¢ arafura rare earths ltd

Did everyone miss the quarterly coming out this afternoon? No...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,597 Posts.
    lightbulb Created with Sketch. 121
    Did everyone miss the quarterly coming out this afternoon? No comments so far. 
    Anyway, shares were sold down today slightly prior to the close and the release coming out, looked like the sellers were testing a few people out to grab a few more before the release after market. 

    Overall the quarterly looked very good, my key outtakes were: 
    - Separation plant to be built at Nolans, eliminating any sovereign risk from the project, which is fairly valuable in this sector at the moment. 
    - ARU happy with engineering work that has held up the DFS, saying that significant progress had been made and they look forward to reporting the results in early Feb
    - In addition to the offtake agreement with the Tier 1 Chinese supplier, we have now signed an MOU with an Indian conglomerate in relation to phosphoric acid, with a plan to formalise with an offtake agreement
    - Company has $9m cash at 31 Dec, which means the real market cap (EV) of ARU is currently about $23m - looks cheap to me!!

    DFS results are due early February, so potentially as early as next week. 

    Going to be a pretty big year for ARU and with a double bottom on the chart at 4.4 cents, should only go up and could easily double from here!
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $381.9M
Open High Low Value Volume
12.5¢ 13.0¢ 12.5¢ $248.1K 1.941M

Buyers (Bids)

No. Vol. Price($)
113 4501456 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 795015 37
View Market Depth
Last trade - 15.40pm 22/11/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.