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Arafura Resources Limited (ARAFF)
:ARAFF
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 21, 2024
|% Change Since: -10.00%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a generally optimistic outlook with significant progress in securing funding and strong demand for offtake agreements. However, the company faces challenges due to current market conditions and slow progress in securing the remaining equity and offtake agreements. While there are positive medium-term market dynamics, the dependence on external factors and challenging market conditions present hurdles.Company Guidance
During the Arafura Rare Earths Limited December 2024 Quarterly Report Investor Call, Managing Director and CEO Darryl Cuzzubbo provided an extensive overview of the company's progress and future plans. Key metrics highlighted include a $200 million commitment from the National Reconstruction Fund, which is a pivotal step toward achieving a fully funded solution for their project. Arafura aims to secure at least 50% of the AUD 1.2 billion required equity, with plans to make a final investment decision (FID) by the end of the first half of 2025. The company is in negotiations to finalize offtake agreements, currently having 58% of their 80% target secured. The NdPr market was discussed, with current pricing 25% above multiyear lows, and a forecasted demand doubling over the next decade. Arafura's construction timeline is set for three years post-FID, with ongoing initiatives to manage CapEx and improve operational efficiencies. The company remains confident in its strategy despite challenging market conditions, emphasizing the structural supply deficit and the need for diversification in the NdPr supply chain.Significant Funding Progress
Arafura secured a $200 million commitment from the National Reconstruction Fund, marking a major step in their funding strategy. This demonstrates strong support from the Australian government for diversifying the critical supply chain of NdPr.
Strong Demand for Offtake Agreements
Arafura has demand for their offtakes exceeding their target by 2:1. They are using these agreements to secure equity from customers, expecting future announcements on large offtakes to be linked to equity.
Cost Forecasts on Track
Arafura's cost forecasts are in line with or slightly better than expected, with a cash runway extending into the third quarter of the year. This includes a healthy buffer for potential cost pressures.
Positive NdPr Market Dynamics
NdPr pricing has shown firmness, sitting 25% above recent multiyear lows. The medium-term dynamics are expected to be positive with demand doubling over the next decade.
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ARAFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARAFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 21, 2024 | $0.10 | $0.12 | +20.00% |
| Feb 21, 2024 | $0.08 | $0.10 | +25.00% |
| Aug 16, 2023 | $0.17 | $0.17 | 0.00% |
| Feb 15, 2023 | $0.41 | $0.42 | +2.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arafura Resources Limited (ARAFF) report earnings?
Arafura Resources Limited (ARAFF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Arafura Resources Limited (ARAFF) earnings time?
Arafura Resources Limited (ARAFF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARAFF EPS forecast?
ARAFF EPS forecast for the fiscal quarter 2025 (Q2) is >-0.01.
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