ARL 6.11% 69.5¢ ardea resources limited

The worst case hypothetical pre money $160mpost money ($50m)...

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    The worst case hypothetical
    pre money $160m
    post money ($50m) from JC equals $210m money.
    JC holding of 23.8% $50m//. $210
    why would ARL go with anything less than this? Just because JC has cash they aren’t the only potential partner that does. However ARL is the only one with the asset. Hopefully they know the old.adage “it’s better to be late than wrong.”
 
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