Just got the chance to read the JV announcement. Basically SMM and MIT will own 50% of the project after contributing up to A$98.5M for the DFS, and ARL will get the other 50%. Currently at even at 68.5c a share, ARL MC is $A137M, I don't understand how can SMM and MIT get 50% by only contributing A98.5M DFS fund? Did I miss anything here?
Question regarding the JV Term
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $78.87M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.0¢ | 39.0¢ | $31.90K | 80.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35588 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 4200 | 2 |
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| Last trade - 12.33pm 02/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |