This is fantastic news.
From what I understand, ARU now have around $1bn in loans from the AU government.
There's still a shortfall of around $500m, however you would have to imagine that ARU are now in a position of strength to negotiate the best possible terms for this. Multiple parties interested.
The other alternative is a cornerstone investor to chip in the rest.
I reckon the market cap will double today.
Ann: Trading Halt, page-63
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $394.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $522.9K | 3.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 146300 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 2888257 | 37 |
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| Last trade - 16.10pm 25/09/2024 (20 minute delay) ? |
| ARU (ASX) Chart |