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
Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-82
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
60.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.7M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 60.5¢ | 58.5¢ | $66.10K | 110.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40247 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 14421 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
60.0¢ |
Change
0.000 ( 0.83 %) |
||||
| Open | High | Low | Volume | ||
| 59.8¢ | 60.0¢ | 58.5¢ | 8529 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| ARL (ASX) Chart |