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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 (20min delay)
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Last
21.5¢ |
Change
0.010(4.88%) |
Mkt cap ! $500.0M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 22.0¢ | 20.5¢ | $429.7K | 2.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 170513 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 220948 | 4 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
21.3¢ |
Change
0.010 ( 3.66 %) |
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| Open | High | Low | Volume | ||
| 21.0¢ | 21.5¢ | 20.8¢ | 418011 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| INR (ASX) Chart |