ARL 1.54% 66.0¢ ardea resources limited

Hi Giovani,Whats your take on this statement?Ardea and a...

  1. 623 Posts.
    lightbulb Created with Sketch. 291
    Hi Giovani,

    Whats your take on this statement?

    Ardea and a consortium (Consortium) consisting of Sumitomo Metal Mining
    (SMM) and Mitsubishi Corporation (MC) have reached agreement on the
    Kalgoorlie Nickel Project - Goongarrie Hub Definitive Feasibility Study
    (DFS) service provider scope and budget, subject to further discussion and
    reaching agreement on binding Final Agreements.

    They have agreed, but..... not really?
    What Binding Final agreements?
    The treatment of Consortium and Ardea service fees is the remaining item to settle
    Seems Ardea has to pay some of the DFS costs?

    Took a small position on this news as it de-risks marginally

 
watchlist Created with Sketch. Add ARL (ASX) to my watchlist
(20min delay)
Last
66.0¢
Change
0.010(1.54%)
Mkt cap ! $131.7M
Open High Low Value Volume
65.0¢ 67.0¢ 63.0¢ $82.12K 125.0K

Buyers (Bids)

No. Vol. Price($)
1 1562 64.0¢
 

Sellers (Offers)

Price($) Vol. No.
68.5¢ 5000 1
View Market Depth
Last trade - 15.59pm 10/05/2024 (20 minute delay) ?
Last
66.5¢
  Change
0.010 ( 3.10 %)
Open High Low Volume
63.0¢ 67.0¢ 63.0¢ 32719
Last updated 15.15pm 10/05/2024 ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.