A plausible bull scenario...
consortia funds $20m, $20m comes from grants, making up the $40m dfs.
consortia gets no offtake or equity for this.
all offtake and project equity contingent on consortia securing 90%+ finance for project capex. Most of that capex is debt.
Ardea free carries 30%+ of project cash flows
Leverages this incrementally to double project size with new partners / develop adjacent assets
I don't think $2 chart resistance holds these dam walls breaking if we get the bull scenario above
I think we got to 5, maybe 10 as additional strategic partners come on board later in 2024
A plausible bull scenario...consortia funds $20m, $20m comes...
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Last
67.0¢ |
Change
-0.025(3.60%) |
Mkt cap ! $133.7M | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 68.5¢ | 63.5¢ | $128.7K | 193.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2620 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 12237 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
68.0¢ |
Change
-0.025 ( 1.13 %) |
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| Open | High | Low | Volume | ||
| 65.0¢ | 68.0¢ | 63.5¢ | 51413 | ||
| Last updated 15.47pm 06/05/2024 ? | |||||
| ARL (ASX) Chart |