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ARU

Here's what I said when I last looked at these guys (4 October):

On 26 April I said Arafura Rare Earths was worth watching for their rare earths. At that time they were at 19.5 cents. Since then they have dropped as low as 17.5 cents but have since rebounded to 21.5 cents.

Wit a Share Purchase Plan about to finish and credit news due to flow in (I expect it to be positive), ARU could be good for a quick 20-25% jump as they approach their Final Investment Decision.

I will check back at the beginning of November to see how it went. 

Well, I was wrong... in a good way. The share price peaked at 48 cents (yep, more than 100%) and then, like everyone else, they dropped and have settled at 27 cents... oh, a 25% jump (see above).

What will they do from here?

Well, they have a Share Purchase Plan underway and have set the price at 28 cents. So I don't expect the price to move before that Plan is concluded. They aim to raise up to $50 million and I feel that they will be heavily over-subscribed.

Ratification happens in early December at the AGM. 

I feel that this is their bottom and they are only going up from here. Another good 25% jump before the year ends is what I am predicting.

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