The offtakers are paying the JV.
SMM and Mitsubishi between them have the right to offtake 75% and they will own 50% of the JV upon the completion of the deal (assuming that they complete whatever is required to earn the extra 15% …. secure finance for ARL is what is being suggested by some posters)
A great deal for Ardea in my opinion.
J
Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-110
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Last
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Mkt cap ! $120.7M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 60.5¢ | 58.5¢ | $66.10K | 110.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 40247 | 59.5¢ |
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| Price($) | Vol. | No. |
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| 60.5¢ | 14421 | 2 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
60.0¢ |
Change
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| Last updated 15.59pm 31/05/2024 ? | |||||
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