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Holder support for NuPower fails to energise Arafura

SHARES in Perth-based explorer Arafura Resources slipped almost 20% yesterday despite announcing “overwhelming” support from its shareholders at its general meeting last Friday for the proposed de-merger of the company’s uranium assets into NuPower Resources.

MiningNews.Net
Holder support for NuPower fails to energise Arafura

Despite the shareholder endorsement, Arafura closed the day down 17.5c at 72c. In commenting on the vote, Arafura chairman Mick Muir described it as a strong endorsement of the directors' and management's...

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