This is fantastic news.
From what I understand, ARU now have around $1bn in loans from the AU government.
There's still a shortfall of around $500m, however you would have to imagine that ARU are now in a position of strength to negotiate the best possible terms for this. Multiple parties interested.
The other alternative is a cornerstone investor to chip in the rest.
I reckon the market cap will double today.
This is fantastic news.From what I understand, ARU now have...
Add ARU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $450.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $901.8K | 4.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 139371 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1828674 | 32 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
19.5¢ |
Change
0.000 ( 0.66 %) |
||||
| Open | High | Low | Volume | ||
| 19.5¢ | 20.0¢ | 19.0¢ | 3954595 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| ARU (ASX) Chart |