ARL 3.23% 48.0¢ ardea resources limited

Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-63

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    Put yet another way.

    we just raised $100m, with world's best partners, at a massive premium. They value us at minimum $300m based on dfs terms along

    we were bumbling along at 60c...

    relative to 30 day vwap, spit balling, we just raised 80% of our market fap, at a 2x premium. Its probably even better than that
 
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