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
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Last
59.0¢ |
Change
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Mkt cap ! $117.7M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.0¢ | 59.0¢ | $14.07K | 23.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 16049 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 59.5¢ | 1095 | 2 |
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| Last trade - 14.26pm 05/06/2024 (20 minute delay) ? |
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59.0¢ |
Change
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| Open | High | Low | Volume | ||
| 59.0¢ | 59.0¢ | 59.0¢ | 2816 | ||
| Last updated 12.51pm 05/06/2024 ? | |||||
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