The lord giveth and the lord taketh away...
I believe the royalty is separate, so they still have this.
BPL are in a pickle though. They still have the dispute resolution process and the ability to drag their feet, but how long can they delay this process? IMO their chances of success are slim.
They can take it to court? But this would be costly and they would be likely to go belly up. Not sure shareholders would be so forgiving if this occurred.
Their best chance might be a "deja vu" from last year's sour JV outcome on the back of another manager dispute. That is, settling for their meagre percentage in exchange for cash and de-risk for COB. Not sure whether BPL's negotiating skills are up to the task or whether COB would even come to the table considering recent events.
However, the reality is BPL are in desperate need of cash and their 2% royalty is still an asset that's worth fighting for.
- Forums
- ASX - By Stock
- ARR
- Ann: COB: Thackaringa JV dilution triggered
Ann: COB: Thackaringa JV dilution triggered, page-6
Featured News
Add ARR (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $113.4M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.0¢ | $208.8K | 895.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 94378 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 30188 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 94378 | 0.230 |
5 | 62979 | 0.225 |
9 | 79860 | 0.220 |
8 | 309132 | 0.215 |
6 | 186541 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 30188 | 4 |
0.240 | 42518 | 4 |
0.245 | 111744 | 2 |
0.250 | 35686 | 2 |
0.255 | 28000 | 2 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
23.0¢ |
  |
Change
-0.005 ( 2.13 %) |
|||
Open | High | Low | Volume | ||
23.0¢ | 24.5¢ | 23.0¢ | 272108 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
ARR (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online