More on share. Even 50% wouldn't make ANY sense. Why would you give away at least 50% and then issuing new shares plus suffocating company with hundreds of millions of loan. Giving up such a significant share assumes something extraordinary from JC. What they'll bring on board to get 50%, 2.5 bln worth of project, not to mention long term value. Financing DFS ? ARL has spent same amount on drilling. Cheap loan ? Loan is not company money and needs to be payed back. Giving away billions of dollars and on top of that suffocating itself with big burden of loan ? Better sell this 50% to JC and get 2.5 bln, no issuing shares, no loan, SP will skyrocket and still get share of project. Plus heavily loaded with cash, they can develop other hubs by themselves.
Re-Rate Timeline Opinion, page-30
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $120.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 59.0¢ | $29.81K | 49.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4990 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 2616 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
60.3¢ |
Change
0.005 ( 0.84 %) |
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| Open | High | Low | Volume | ||
| 60.5¢ | 60.5¢ | 59.0¢ | 25265 | ||
| Last updated 15.53pm 04/06/2024 ? | |||||
| ARL (ASX) Chart |