patarnoster
Active member
Yeah exactly. I believe it may have only been German share holders but not 100% sure
Arafura - General Discussion
- Thread starter John
- Start date
Andrew Ratcliffe
New member
Do y'all think we'll get some FID news on the quarterly come the 29th?
patarnoster
Active member
Either we go into TH on Tuesday or Wednesday or Quarterly (Thursday) is going to wreck the SP without anything material... excuses won't do.
HOWEVER
I will add someone on HC got an email from Penelope saying there are Material Updates in the Quarterly coming up in reply to frustration on delays.
Generaly speaking companioes don't DO material updates in quarterlies especialy when a binary update such as GRMF is pending... They tend to use the Quarterlies to explain a signifiant update / milestone.
So bit of speculation here and perfect storm like timing that they could have something ready by next week.
I personaly believe GRMF is still a few weeks away.
Andrew Ratcliffe
New member
I remember someone suggested that since this was such a well documented and proven site the Germans could just waltz in and rubber stamp it. I thought "that don't sound like any German I've ever known" Very persnickety people.
Mr Patarnoster I think you are correct, good news is coming soon but probably not as soon as we'd like. We've never seen Arafura hurry before can't expect them to start now.
Mr Patarnoster I think you are correct, good news is coming soon but probably not as soon as we'd like. We've never seen Arafura hurry before can't expect them to start now.
patarnoster
Active member
Zee Germans take their DD seriously…
They are all island time at this rate
They are all island time at this rate
Andrew Ratcliffe
New member
Ever since that one got kicked out of art school everyone has been afraid to try that.
Any new theory or rumor on a JV candidate?
HREE update? Like have they found Dyspro or Yttrium? Have they been reevaluating their samples or something?
Would the price floor update be a price the US has agreed to pay for raw or processed REEs or will the Aussie government backstop it?
I know we might have already covered this in the forum but jeez this has been going on for a while.
JV? No idea. Given how progressed all the other finance is....i'm guessing this has fallen away. And there is only so much time management can commit to these things....
HREE update - Yep....they were doing additional work on their flow sheet for "someone". Given the US$300 million its either DoD or DoC. So yeah an update should be coming soon. They won't find additional elements. Its about extracting more that is there....in an economical way.
DC and his team have been working closely with the Aust govt. Maybe there could be an annoucement from the Aust Govt about the plan early next week (maybe Aust Day?)....then ARU can announce exactly the terms at the quarterly? Dunno.
Agree....things have taken longer than expected. And their execution plans have changed alot in the last few years (also majorly in the last 20 years!). But it feels like this is a done deal....just gotta wait for it all to come together. The Short Position...lowest in years...really tells the story for me. They are not willing to bet against FID coming real soon.
Yeah I agree too. I’m not expecting a GRMF funding/FID announcement until early March.
I would think that governments tend to announce a bit later in Q1 (especially the German govt) after the January/early Feb rush of sorting out admin/meetings on year end goals, administrative reset etc.
It amazes me (and disappoints) how in this environment it is still so slow to get funding and offtakes. How could they believe a few years back that they could do it without this environment. Who knows.
Holding out to production but wow this has been a learning on patience. Last year seemed to be the political fear and voice and hoping this year there are completed actions.
Low short position is a good sign.
I would think that governments tend to announce a bit later in Q1 (especially the German govt) after the January/early Feb rush of sorting out admin/meetings on year end goals, administrative reset etc.
It amazes me (and disappoints) how in this environment it is still so slow to get funding and offtakes. How could they believe a few years back that they could do it without this environment. Who knows.
Holding out to production but wow this has been a learning on patience. Last year seemed to be the political fear and voice and hoping this year there are completed actions.
Low short position is a good sign.
A few years ago....the costs were alot less! Well all the contingencies. But Govt and banks were all scared of what happened to LYC....so they needed all these massive contingencies.
Imagine we were into production now.....have actual supply for all these Magnet companies that are coming online......
patarnoster
Active member
I don't think quarterlies are used to annoucne new things... companies want max market exposire for anything positive, its going to be anothing burger if no annoucment before hand.
patarnoster
Active member
Low shorts is the best indicator.
I think GRMF is due Mid to End Feb, pushing into march is going to cause havoc.
Next week is going to be dry, unless we see SP run up with high volume, nothing much is on the horizon till Feb.
patarnoster
Active member
What I would like to see is a USA based offtaker, for thie US EXIM loan to be finalised, as thats the requirment. Weather its for Phase 2 or 1 doesn't matter.
For me, I’d like to know where the bottleneck is for the funding. Is it the offtakes for the GRMF that they are struggling with? Or is it the due diligence?
At this point, they should ask the US for a capital injection as that might be quicker haha
Or are they waiting for the finalisation of the Aus Strategic Mineral Reserve to announce offtakes/price floors which may drag on till June, end of year?
We’ll hear more soon. Closer than ever hey
patarnoster
Active member
While todays SP shows a incoming delay, the entire sector is red thanks to the USA, I would not be surprised if this all hinges of hundreds of dominos falling before GRMF, eg. as you said SMR...
ARU has never been the fast cat in the game.
