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Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-106

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Ironman68

26 Posts.

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07/03/24

15:26

Post #: 72796297
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Originally posted by Giovanni33: ↑

For me, if this goes binding on the 31st like we're all hoping I'll be sticking around. My rationale is that the Japanese won't commit to something binding unless they are serious about making this happen. And if that's the case, the capex is no longer an issue. Not even the strongest bear can accuse sumitomo or mitsubishi of lacking the financial clout to finance something in the billions (if they want to).

So where are the remaining risks? Nickel price plummeting below our costs? Sure, it's plausible...if indonesia triples it's production somehow...when rumors are they're struggling to find ore?

Government/jurisdiction risk? Nope not here. In fact, it looks like the opposite and government is very supportive.

Technology risk in getting to nameplate? A bigger risk in my opinion, but sumitomo is assisting us so if you were going to get anyone's help on building a HPAL plant....

Which leaves the % deal we get as shareholders as the really big question.

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We might get a green light on the consortium but a very long holding pattern while the financials turn more favourable.
The other option is that the Japanese players make a full takeover of ARL , which at the current SP is probably a favourable proposition.

ARL Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
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