Insider buy alert: Arafura chair snaps up 100,000 beaten-up shares!

MotleyFool03-19

Arafura Rare Earths Ltd (ASX: ARU) shares have been on fire in recent sessions. For example, since this time last week, the rare earths developer's shares have risen over 30%. That's despite them ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInsider buy alert: Arafura chair snaps up 100,000 beaten-up shares!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/03/19/insider-buy-alert-arafura-chair-snaps-up-100000-beaten-up-shares/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Arafura Rare Earths Ltd (ASX: ARU) shares have been on fire in recent sessions.\nFor example, since this time last week, the rare earths developer's shares have risen over 30%.\nThat's despite them ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/19/insider-buy-alert-arafura-chair-snaps-up-100000-beaten-up-shares/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARU.AU","symbol_name":"ARAFURA RARE EARTHS LTD","start_time":0,"source_url":"https://www.fool.com.au/2024/03/19/insider-buy-alert-arafura-chair-snaps-up-100000-beaten-up-shares/","article_id":"2420126131","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420126131","pubTimestamp":1710818714,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Arafura Rare Earths Ltd  shares have been on fire in recent sessions.For example, since this time last week, the rare earths developer's shares have risen over 30%.That's despite them trading 5% lower in afternoon trade on Tuesday.The catalyst for this rise has been some huge news in respect to the development of the Nolans Neodymium-Praseodymium  Project in the Northern Territory.That announcement revealed that the Federal Government has conditionally approved a US$533 million debt finance package to support Arafura's flagship project.This includes a US$125 million limited-recourse senior debt facility which was made available through the Government's A$4 billion Critical Minerals Facility. In addition, there is A$150 million in limited-recourse senior debt facilities from the Northern Australia Infrastructure Facility .The notice reveals that Southey picked up 100,000 shares for an average of 21 cents per share. This represents a total consideration of $21,000.This purchase boosts So","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARU.AU":"ARAFURA RARE EARTHS LTD","BK7095":"多种金属与采矿"},"translate_title":"内幕人士买入预警：Arafura chair抢购10万股破旧股票！","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARU.AU":1},"content_text":"Arafura Rare Earths Ltd (ASX: ARU) shares have been on fire in recent sessions.\nFor example, since this time last week, the rare earths developer's shares have risen over 30%.\nThat's despite them trading 5% lower in afternoon trade on Tuesday.\nThe catalyst for this rise has been some huge news in respect to the development of the Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.\nThat announcement revealed that the Federal Government has conditionally approved a US$533 million debt finance package to support Arafura's flagship project.\nThis includes a US$125 million limited-recourse senior debt facility which was made available through the Government's A$4 billion Critical Minerals Facility. In addition, there is A$150 million in limited-recourse senior debt facilities from the Northern Australia Infrastructure Facility (NAIF).\nInsider buys Arafura Rare Earths shares\nIf you thought it was too late to pick up shares after this recent rally, then you might be wrong judging by what an insider is doing.\nAccording to a change of director's interest notice, the company's non-executive chairman, Mark Southey, was buying Arafura shares on-market on Monday.\nThe notice reveals that Southey picked up 100,000 shares for an average of 21 cents per share. This represents a total consideration of $21,000.\nThis purchase boosts Southey's holding to a total of 332,140 shares owned directly and 580,760 shares owned by his super fund.\nIt seems that this chair still sees significant value in Arafura shares. Especially given that they remain down 60% on a 12-month basis despite the recent rebound.\nIs this a buy signal?\nInsider buying is often regarded as a bullish indicator. This is because few people know a company and its intrinsic value better than its own directors.\nIf they are buying, it suggests that they are confident in the direction the company is heading.\nAfter all, you wouldn't be buying if you thought your company's shares were overvalued or if things weren't going well.\nHowever, it is worth remembering that insiders don't always get it right. So, investors should do their own due diligence before jumping in feet first.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420126131"}