Your missing the point.The market cap of CRML is approx $US900m. So that's $A1.3b as an investment in EUR books. The balance sheet will look fantastic.EUR now can use the investment in many ways. Buy assets using the CRML shares, get a very cheap debt facility using CRML shares as security. EUR can also sell some CRML shares to US investors who are now buying CRML on the NASDAQ as high as $US13 recently.Secondly Wolfsberg was going to be very hard to finance listed on ASX with a mkt cap of $A110m. Now on Nasdaq with a mkt cap of $US900m project finance will be much easier.A very smart move listing in the US.The ASX will catch up eventually.
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5.1¢ |
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0.000(0.00%) |
Mkt cap ! $71.30M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.3¢ | 4.9¢ | $92.84K | 1.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 14969 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.1¢ | 3588 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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4.8¢ |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.0¢ | 4.8¢ | 368031 | ||
| Last updated 15.03pm 03/05/2024 ? | |||||
| EUR (ASX) Chart |