Imagine a different scenario not connected to ARL.
An IPO by a WA company for 200M shares @ 30c, raising $60M.
After 2 years’ hard work and spending $43M (remaining $17M), this jr explorer managed to find a JORC compliant MRE of 3 MT Ni/Co of 0.7g/T and 0.4 g/T, respectively. In addition, the geology and mineralisation are economically favourable.
Due to urgent geopolitics, SMM and MC volunteered to carry out the DFS and secure $3.1 billion capex funding for mine development. SMM and MC will do it for free. And financiers are keen to lend to this jr at low rates.
How would the sharemarket have reacted to this news?
Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-171
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Last
57.5¢ |
Change
-0.015(2.54%) |
Mkt cap ! $114.7M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 57.0¢ | $31.22K | 53.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5174 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 3000 | 1 |
View Market Depth
| Last trade - 15.55pm 07/06/2024 (20 minute delay) ? |
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Last
57.5¢ |
Change
-0.015 ( 2.54 %) |
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| Open | High | Low | Volume | ||
| 58.5¢ | 59.0¢ | 57.5¢ | 23319 | ||
| Last updated 15.43pm 07/06/2024 ? | |||||
| ARL (ASX) Chart |