A fairly good announcement. It shows some progress, though non-binding. At the very least relationships with important parties are being formed.
What's next?
1) SRN must cement this MOU into a JV partnership with a timeline of Q2 2024.
2) Bankable Feasibility Study must be funded (potentially by JV partner or selling of assets) & completed, with a timeline of Q2 2024 for commencement and 12 months completion.
3) Debt & Equity funding must be secured ($767m aud required) once BFS is complete (2025).
Ann: SRN Signs MOU with Saudi Arabia Based AJLAN for VB Project, page-43
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.972M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $18.18K | 9.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 74 | 194352718 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 1103146 | 2 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| SRN (ASX) Chart |