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

ARL

Click for more information

5.77%

49.0¢ ardea resources limited

This is why I have been buying small chunks with whatever...

First 141 Last

Share
Profile

Follow
Giovanni33

2,229 Posts.

533

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

Top Stories

STX

Strike Energy secures $153 million for Perth Basin gas projects

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

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 49.0¢		Change -0.030(5.77%)		Mkt cap ! $97.78M

Open	High	Low	Value	Volume
52.0¢	52.0¢	48.5¢	$36.19K	71.86K

Buyers (Bids)

No.	Vol.	Price($)
1	21000	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	5409	1

View Market Depth

No.	Vol.	Price($)
1	21000	0.490
2	11360	0.485
1	2127	0.470
1	5000	0.460
3	6222	0.450

Price($)	Vol.	No.
0.505	5409	1
0.520	42885	3
0.535	21000	1
0.545	10000	1
0.550	900	1

Last trade - 15.56pm 24/06/2024 (20 minute delay)

ARL (ASX) Chart