ADN will find it more difficult (not impossible) to get debt funding (remember this issue of the product being non tradeable) without 100% of the cash flow. The debt will append to the project itself, but it would be cleaner if it was 100% owned. It's now obvious the two companies have REALLY started to talk. Both MEP & ADN positions have strengths & weaknesses; MEP will be partly driven by the fact they gave away a shit ton of money they never saw and have always regarded themselves as a bit "superior" due to finding Prominent Hill. IP on cement etc at the heart of this little announcement. A brave man might go long MEP & short ADN....
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1.7¢ |
Change
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Mkt cap ! $52.87M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 67044 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 2945887 | 9 |
View Market Depth
No. | Vol. | Price($) |
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2 | 1000 | 0.016 |
38 | 10074219 | 0.015 |
12 | 2236049 | 0.014 |
7 | 2633923 | 0.013 |
6 | 1655833 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2945887 | 9 |
0.018 | 2862774 | 9 |
0.019 | 3659762 | 9 |
0.020 | 1653444 | 13 |
0.021 | 1350000 | 2 |
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