Imminent processing plant? ARU are seeking funding and are at the infancy stages from what I understand. That places ASM behind ARU given funding requires offtake agreements, and the many other CP's that are usually the size of a football field. This schedule below is ASM, and suggests they cannot take any of our product nor could they afford to buy us. It looks to me a long way behind ARU given ARU is in negotiations around funding. ARU are considering the targeted funding structure (negotiations are well and truly tabled) and its looks to be in place given the hints they are dropping in the presentations. ARU are looking particularly at the ECA debt, NAIF, EFA and other instruments which suggests advanced stages of financing. This means realistically ASM are years behind, as funding is not an overnight process, and contrary to common opinion. Caveat: There is little public information on ASM as its pretty new, but I cannot possibly see how ASM could swallow up ARU... from where I sit...Buckleys.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)