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10.7% 5.0¢ alara resources limited

Ann: Production commencement at Alara JV Copper-Gold Mine in Oman, page-485

  1. Empty Nose
    3,735 Posts.
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    13/04/24
    18:07
    Post #: 73330886
    i think the post means:

    20m owed by jv to alara
    jv earns 20m, 51% or 10m is "owned" by alara.
    jv pays 20m to Alara

    the 51% or 10m is gone
    net 10m gain by Alara
    of course, cash is king (relative to receivables) and directly owned by Alara in the Alara bank account is important (relative to cash sitting in jv account).

    so while it is technically 10m net
    the market will value it as 20m if and when received
    Last edited by Empty Nose: 13/04/24
    AUQ Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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