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?
Just got the chance to read the JV announcement. Basically SMM...
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $99.94M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 47.5¢ | $6.399K | 13.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36964 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 8322 | 1 |
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| Last trade - 15.09pm 11/09/2025 (20 minute delay) ? |
| ARL (ASX) Chart |