Simple answer is INR needs more cash to run their business
That $70M from selling shares is for INR whereas the $490M is cash in the JV.
They are not inter-conditional but why would you not take advantage of your partners deep pockets. Very common.
Simple answer is INR needs more cash to run their businessThat...
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $372.0M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 14.8¢ | $555.2K | 3.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52108 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 467937 | 40 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| INR (ASX) Chart |