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1.59%

64.0¢ ardea resources limited

But I'll guess its not that black and white mates, is it ?

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Mick91

95 Posts.

43

17/03/24

12:10

Post #: 72926676
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Originally posted by Mick91: ↑

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.

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But I'll guess its not that black and white mates, is it ?

ARL Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 64.0¢		Change 0.010(1.59%)		Mkt cap ! $125.7M

Open	High	Low	Value	Volume
64.0¢	66.0¢	64.0¢	$25.11K	38.67K

Buyers (Bids)

No.	Vol.	Price($)
2	21121	63.5¢

Sellers (Offers)

Price($)	Vol.	No.
66.0¢	8396	3

View Market Depth

No.	Vol.	Price($)
2	21121	0.635
1	110	0.630
1	4500	0.625
2	7672	0.620
2	7025	0.615

Price($)	Vol.	No.
0.660	8396	3
0.670	13349	2
0.685	5000	1
0.690	5500	3
0.695	2847	2

Last trade - 10.18am 15/05/2024 (20 minute delay)


Last 63.0¢			Change 0.010 ( 0.80 %)
Open	High		Low	Volume
64.0¢	65.0¢		63.0¢	19094
Last updated 10.32am 15/05/2024 ?

ARL (ASX) Chart