I don't believe that is correct, read the detail:
- the "consortium (KNPL)" will fund up to $98Mil.
- Ardea form 50% of the consortium
- SMM will advance up to A$12,000,000 in funding to KNPL
- If the conditions precedent are not satisfied by the prescribed due date, any advance funding provided will need to be repaid by KNPL within a specified period. Ardea has agreed to guarantee this repayment.
so effectively "the Japanese" have only committed $12mil at this stage... (subject to conditions)
Happy to be corrected..
I don't believe that is correct, read the detail: the...
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
62.5¢ |
Change
-0.005(0.79%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 66.0¢ | 62.5¢ | $44.44K | 69.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3419 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 2380 | 1 |
View Market Depth
| Last trade - 12.13pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
62.5¢ |
Change
-0.005 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 64.0¢ | 65.0¢ | 62.5¢ | 24474 | ||
| Last updated 12.19pm 15/05/2024 ? | |||||
| ARL (ASX) Chart |