Within a few weeks time we will know for sure if Consortium is going to fund the Dfs or not. If they do:A) ARL don't need to spend a dime on DFSB) Stock will rerate and market cap will be higherC) the current cash on hand plus liquid investments will be available to fund sulphide exploration and g&a.With regards to opex, the estimates are in the PFS released to the market which was put together by qualified experts. Not sure why you even mentioned that?
Best course of action is to wait for the earn in agreement and then be patient until official DF S is completed. It's a waiting game. Stock price will rerate as we derisk. No short cuts.
ARL chart, page-3469
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Last
47.0¢ |
Change
0.020(4.44%) |
Mkt cap ! $93.85M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.5¢ | 45.0¢ | $18.88K | 41.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 15.57pm 31/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |