I’m doing a valuation next week looking at all the new info we have. Like floors in off take. Above current pricing. There have also been snippets of raise at different SP levels. So I’ll re run and work out the dilution. Also the $200m equity just announced is deferred equity. So that will help a bit.
but expect a big dilution. Was always going to be that way.
in terms of who will be part of equity - $200m recently announced deferred. Oz govt. - maybe $150m Posco - maybe $150m Hyundai - then Gina at about $150m - I think Australian Super at another $150m - then other funds $200m - then retail $200m
that is about Aus$1.2b.
ARU Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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