It's about the AISC. I cannot see a competitor in Australia that can match us on that, even indonesian nickel struggles to match us on that. This is what money of mine missed, this is what people selling are not getting and what the Japanese are getting. Their committment to a 100m investment in us for DFS is serious.
People can't even argue that "oh they got 50% for it" because if this was not going ahead, that means they wasted 100m. They obviously do not believe that and strongly consider this will go ahead (hence the 50% is great for them) and that's why they put the money down.
It talks stronger than anything we could debate about here. Sumitomo and Mitsubishi are not small players, they are industry leaders and know exactly what they are doing. If they put down money like that, they are confident. Just a matter of time before the market figures this out, there's still a fair bit of time between now and various other de-risking events.
Let's hope it stays down tomorrow as well! I'll be locking up more tomorrow
Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-170
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Mkt cap ! $117.7M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 58.5¢ | $14.24K | 24.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 6300 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 59.5¢ | 7969 | 1 |
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| Last trade - 12.47pm 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 58.5¢ | 59.0¢ | 58.5¢ | 12031 | ||
| Last updated 12.47pm 07/06/2024 ? | |||||
| ARL (ASX) Chart |