Australia's largest stock trading and investment forum Australia's #1 stock forum

ARL

Click for more information

1.61%

61.0¢ ardea resources limited

Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-141

First 141 Last

Share
Profile

Follow
Giovanni33

2,010 Posts.

428

13/03/24

14:53

Post #: 72866283
Share

Originally posted by Rewop: ↑

A very simple answer is we need 50 million odd for DFS, now yesterday that was approximately half our market cap.

So we issue shares to give them a 50% stake and raise 50 million or we issue shares on market etc to raise 50 million to fund DFS dilution either way.

Difference is we benefit from there expertise and market presence going forward.

Of course we could go it alone, just less messing around and perhaps less dilution in the end.

We haven't seen the final breakdown I'm hoping for 40% to the JV and then there is the offtake agreements and how that fits in.

Expand

This is why I have been buying small chunks with whatever cashflow I can. The stronger our share price is, the better position we are in.

I am hoping for preferential offtakes in exchange for a bridging loan for the DFS, meaning we need to raise very little if anything at all. Bridging finance is quite common for tier 1 projects and I don't think anyone can argue this is not a tier 1 deposit in a tier 1 location.

Last edited by Giovanni33: 13/03/24

ARL Price at posting: 65.0¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 31 more messages in this thread...

First 141 Last

Add ARL (ASX) to my watchlist

(20min delay)
Last 61.0¢		Change -0.010(1.61%)		Mkt cap ! $121.7M

Open	High	Low	Value	Volume
60.0¢	61.5¢	59.0¢	$202.3K	336.7K

Buyers (Bids)

No.	Vol.	Price($)
2	22388	59.5¢

Sellers (Offers)

Price($)	Vol.	No.
61.5¢	22379	2

View Market Depth

No.	Vol.	Price($)
2	22388	0.595
3	45308	0.590
1	10000	0.585
1	3220	0.580
1	1172	0.570

Price($)	Vol.	No.
0.615	22379	2
0.620	51941	5
0.625	27500	2
0.630	90000	1
0.640	429	1

Last trade - 16.10pm 23/05/2024 (20 minute delay)


Last 61.0¢			Change -0.010 ( 1.67 %)
Open	High		Low	Volume
60.0¢	61.0¢		59.5¢	65127
Last updated 15.59pm 23/05/2024 ?

ARL (ASX) Chart