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59.0¢ ardea resources limited

I read it as the dfs will cost more at different stages they...

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Burt23

212 Posts.

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29/04/24

16:35

Post #: 73563556
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Originally posted by oberte: ↑

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..

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I read it as the dfs will cost more at different stages they will pay those stages up to 98m and have committed to 12m for now
ARL Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 59.0¢		Change -0.015(2.48%)		Mkt cap ! $117.7M

Open	High	Low	Value	Volume
60.5¢	61.0¢	59.0¢	$12.84K	21.29K

Buyers (Bids)

No.	Vol.	Price($)
1	18125	59.0¢

Sellers (Offers)

Price($)	Vol.	No.
59.5¢	1095	2

View Market Depth

No.	Vol.	Price($)
1	18125	0.590
4	21877	0.585
2	5220	0.580
1	1172	0.570
1	1771	0.565

Price($)	Vol.	No.
0.595	1095	2
0.600	46861	3
0.605	4789	1
0.610	17548	1
0.615	17500	1

Last trade - 13.26pm 05/06/2024 (20 minute delay)


Last 59.0¢			Change -0.015 ( 1.68 %)
Open	High		Low	Volume
59.0¢	59.0¢		59.0¢	2816
Last updated 12.51pm 05/06/2024 ?

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