Absolutely, the upside here is $20-30/share.
Remember:
- the consortia is buying 75% of the metal at market rates (its not like they free carry based on securing funds)
- they only get their 50% on FID, which means, funding secured
- they take the lead on funding and have access to a lit of very cheap debt, and have cash to deploy
- we can leverage both the 25% of unsecured offtake, plus the fact there is a buyer for 75%
It seems more probable than not to me thst we get minimal dilution from here
Pertinent market/industry news/articles, page-5674
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Last
45.0¢ |
Change
0.075(20.0%) |
Mkt cap ! $89.85M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 46.0¢ | 39.0¢ | $79.94K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1200 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 2600 | 1 |
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| Last trade - 14.45pm 07/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |