CAPITAL MARKETS

Shareholder's gripe baseless: Arafura

ARAFURA Resources has dismissed as "completely baseless and unfounded" claims from a minority shareholder that the company board lacks the skills needed to develop its flagship Nolans Bore rare earths project in the Northern Territory.

Chris Cann
Shareholder's gripe baseless: Arafura

In a letter to fellow shareholders obtained by MiningNews.net, Norman McCleary, who owns a 3.9% stake, referred to the board as “under skilled” and accused it of over-promising and under-delivering. ANZ...

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