ARH - Australasian Resources

[kevin eleven]

does anyone know what happened here this morning?, down to 1.215 at one stage. i cant find any particular news as to what triggered it. Hope its not the chinese saying thanks but no thanks. im being patient with this one, i thought shougang will sign the finance arrangement.

 

[MR.]

does anyone know what happened here this morning?, down to 1.215 at one stage. i cant find any particular news as to what triggered it. Hope its not the chinese saying thanks but no thanks. im being patient with this one, i thought shougang will sign the finance arrangement.

Largest day volume for a month has gone through.

At 10:07:35 250,000 changed hands @ 1.40 followed by an extra 100,000 5 minutes later at the same price which looks as if it has triggered the low. I do not know if there is a particular reason why!

 

[ta2693]

The only reason I can think is about macro economy. "Mining sector profit margins may have peaked" regarding news from reuters.

 

[MR.]

The only reason I can think is about macro economy. "Mining sector profit margins may have peaked" regarding news from reuters.

I don't think so.
http://in.reuters.com/article/gover...0920080616?pageNumber=2&virtualBrandChannel=0

---------
But only yesterday India increased their export tax for Iron Ore to 15%
http://www.bloomberg.com/apps/news?pid=20601091&refer=India&sid=aRNTgrjHHwz8

And didn't I read just yesterday as well that next year to expect perhaps a 20% increase in Iron Ore. I'll let you find that one. Cheers.

 

[kevin eleven]

its a strange one. Shougang got skuttled trying to get more of Mount Gibson. With Citic already working above them and foreign investment approvals already in place. Given the scrutiny now on Chinese funds direct into miners, ARH still looks good. all that means nothing though if people closer to the company are selling because they know something the rest of us dont. after doing nothing for months and months, a drop of 10-15% has came out of nowhere it seems

 

[white_goodman]

bumper day today around 34% gapped up on open...

will be interesting to see what happens tomorrow morning...

 

[Wysiwyg]

bumper day today around 34% gapped up on open...

will be interesting to see what happens tomorrow morning...

RDI in with MEO too? This dude is making some moves that exude confidence in the future of resources in Australia.

 

[ta2693]

I do not really understand how come the price can fall to $1
the news is like
ARH shareholders will receive RDI shares in exchange for their ARH shares. The number of RDI shares to be issued for each ARH share will be determined by dividing A$2.20 by the RDI IPO price
the fundamental is like
Discount Rate 8%
NPV (after tax) $6,370M
IRR (after tax) 23.5%
Average annual EBITDA $1,546M
Average annual NPAT $972M
A lot of my fund burnt by ARH
Do I miss something?

 

[enigmatic]

I would assume if you were to purchase these when the merger occurs you will need to be able to trade the Hong Kong Stock Exchange.

 

[YOUNG_TRADER]

Hmmmm intersting

ARH announces a 44% increase to their already large Balmoral Mag project

JORC now 1.6Bt's@31%Fe

There are huge funding hurdles (ie Shougung funding delays) but with Citi Pacific going gang busters next door and paying $200m+ US per 1Bt's Mag and investing $4-$6Billion AUD in infrastructure there would be synergies in combining the deposits

Also Clive Palmer who holds 66%+ of ARH has a massive massive identity/ego problem as he recieves very little acknowledgment for being Australia's wealthiest Resource Man, if not wealthiest businessman and given the $Billions of dollars in personal wealth he has be interesting to see what he does to help get ARH going

Techies what does the chart say?

I'm waiting and watching for now

 

[naynaboy]

Recent press reports indicated ARH board members were hosting a Chinese investor delegation from May 9th to carry out due diligence on the soth Balmoral project. I contacted their office to find out if this is still the case, no reply. Caruso is bailing out cause Clive Palmer's ego is interfering in financing, Clive indicates in the press he is shelving his WA iron ore project because of the super tax but doesnt specify which project, one can only assume he means Balmoral. what a shambles.

 

[Lucky_Country]

WOW what a great performer ARH has been over the last few weeks !!

A fundamentally undervalued company with a potential to easily double over the near term.

A financing deal with the chinese is whats needed now and construction should start.

 

[MiFFy]

Is anyone currently following this stock?

I have just had them come up on my radar during a recent sudden price hike. I did some digging and found some investor information that showed mining kingpin Clive Palmer was a heavy investor of the company with a stake of around 60%

I can no longer find this information, I was sure it was in a recently issued financial report but I can not find it. Can anyone confirm this?

Also I have noted that in posts towards the end of 2010 share prices seemed to be around $1. I have looked at the last two year chart for ARH and there high appears to be .71c

Admittedly I am in the process of researching the company more, but there claims of ore reserves in the Balmoral project are significant and could offer a massive return. There also seems to be some talk that a Chinese partner will enter the equation this year.

Anyone have thoughts/opinions on this stock?

 

[Lucky_Country]

Looks like ARH (Clive Palmer) has finally pulled it off.

MCC and RBS have agreed funding for the project with increased tonnage to 2 billion tonnes.

Will know more in ~1 month but it is the best news we have had for sometime

 

[Adzzz79]

Looks like ARH (Clive Palmer) has finally pulled it off.

MCC and RBS have agreed funding for the project with increased tonnage to 2 billion tonnes.

Will know more in ~1 month but it is the best news we have had for sometime

SO MUCH FOR THAT ANNOUCEMENT

 

[Anmar]

16th Sept 2013

The share price climbed rapidly to $0.070 this week (a 75% increase), no announcements to explain the rise.

- - - Updated - - -

16th Sept 2013

The share price climbed rapidly to $0.070 this week (a 75% increase), no announcements to explain the rise.

Could it indicate Clive's election result!

 

[Anmar]

18th Sept:

ARH closed at $0.145 today, some one knows something!