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
59.0¢ |
Change
-0.015(2.48%) |
Mkt cap ! $118.7M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.0¢ | 59.0¢ | $12.84K | 21.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18127 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 1095 | 2 |
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| Last trade - 13.06pm 05/06/2024 (20 minute delay) ? |
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Last
59.0¢ |
Change
-0.015 ( 1.68 %) |
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| Open | High | Low | Volume | ||
| 59.0¢ | 59.0¢ | 59.0¢ | 2816 | ||
| Last updated 12.51pm 05/06/2024 ? | |||||
| ARL (ASX) Chart |