Quite dissappointing announcement. Unfortunately my idea was moving in right direction - you can have wonderful business, but if don't have money, you get bag pulled over your head.
ARL mentioned that that agencies and institutions are showing high interest to finance project, but their requirements for the capital are greater than equity, which is logical, but they kind a pointing to easier path. JC gets 49% of project, full offtake rights and I wouldn't be surprised if ARL has to finance according to share - 51%. I'm scared that another Pilbara minerals is in making - multi billion SOI. 51% is somewhere 1.6 bln $.
Now we need to pull 3 eared rabbit out of the hat, otherwise will be sailing in sea of dead. With current outlook can't see any chance breaking 1.98 $ level, if we even make it that far.
Quite dissappointing announcement. Unfortunately my idea was...
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $120.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 59.0¢ | $29.81K | 49.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4990 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 2616 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
60.3¢ |
Change
0.005 ( 0.84 %) |
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| Open | High | Low | Volume | ||
| 60.5¢ | 60.5¢ | 59.0¢ | 25265 | ||
| Last updated 15.53pm 04/06/2024 ? | |||||
| ARL (ASX) Chart |