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59.5¢ ardea resources limited

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Burt23

210 Posts.

14

29/04/24

17:21

Post #: 73564375
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Originally posted by RED328: ↑

Mick, You are still not getting the 15%.

The DFS completion results in 35% ownership by the consortium, I think we all agree there.

The 15% is where the consortium uses their significant GLOBAL power and their GLOBAL financial muscle combined with TECHNICAL KNOWLEDGE to provide the necessary credibility to this project.
The consortium must perform by providing FID financing for the project, for this performance of facilitating funding for the project, they get an additional 15% of the project ultimately being a maximum of 50%

Just imagine little old Ardea going to the market unassisted looking for 3Billion Dollars, It would be laughable in the context of financial muscle, technical know how and the possibility weighted for success.
We need the consortium mate.

The deal is simple, don't complicate this.
RED

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ARL Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 59.5¢		Change -0.005(0.83%)		Mkt cap ! $119.7M

Open	High	Low	Value	Volume
60.0¢	60.0¢	59.5¢	$3.506K	5.885K

Buyers (Bids)

No.	Vol.	Price($)
2	617	59.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.5¢	14986	2

View Market Depth

No.	Vol.	Price($)
2	617	0.590
4	21877	0.585
2	5220	0.580
1	1172	0.570
1	1771	0.565

Price($)	Vol.	No.
0.605	14986	2
0.610	8537	2
0.615	17500	1
0.620	29262	3
0.625	27500	2

Last trade - 10.00am 04/06/2024 (20 minute delay)

ARL (ASX) Chart