The above is really revealing why this news didn't really move the market today.
retail punters confused
it's a 50/50 jv
the parties to the jv have different obligations to contribute, benefit in different ways etc...
just because we are 50% in the jv doesn't mean we need to fund 50% of the capital, or mean we should retain 50% of offtake.
clearly to secure their 75% offtake, jc will do heavy lifting on the capital raise.
i might contact Andrew and suggest they clarify some things or at least make them more explicit
The above is really revealing why this news didn't really move...
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Last
62.5¢ |
Change
-0.005(0.79%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 66.0¢ | 62.5¢ | $59.39K | 93.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5391 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 65 | 1 |
View Market Depth
| Last trade - 14.52pm 15/05/2024 (20 minute delay) ? |
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Last
63.0¢ |
Change
-0.005 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| 64.0¢ | 65.0¢ | 62.5¢ | 50569 | ||
| Last updated 15.04pm 15/05/2024 ? | |||||
| ARL (ASX) Chart |