Simple answer is INR needs more cash to run their business
That $70M from selling shares is for INR whereas the $490M is cash in the JV.
They are not inter-conditional but why would you not take advantage of your partners deep pockets. Very common.
Ann: Investor Presentation - Sibanye-Stillwater Investment, page-211
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $385.6M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $242.2K | 1.432M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 318501 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 285893 | 7 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| INR (ASX) Chart |