My take on the 160% offtake situation is that in letting all parties know there is more interest in the product than product available results in ARU having a stronger hand in negotiating the remaining binding offtake terms.
Playing the remaining potential bidders off against each other in stating recently that it's somewhat first in, best dressed, also puts time pressure on those companies waiting in the wings.
Well played ARU.
Ann: A$121 Million Share Placement and Launch of SPP, page-115
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17.5¢ |
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Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $1.100M | 6.314M |
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| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1077405 | 16.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 2948391 | 8 |
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