ARH - Australasian Resources

[barney]

Hi iliamanolev, I hold some ARH. Where did u get the info about the Indian Co.? The Co. announced possible Chinese involvement the other day but did not see any news re Indians.
Anyone have any logical reasons why ARH sp dropping steadily after seemingly good news? Are the big players concerned over Palmers monopoly share holding of the Co? (76%) Cheers. (I'm also new here. Wish I had visited a few months ago; would have saved myself a lot of money!! Such is life)

 

[iliamanolev]

They announced it while back as may be but now its seems like may be has turned out to be certanly (The Indian company is a i think government own and it is one of the largest producers of steel or iron (not too sure) in India. My concern is this going to lead to further dilution of the shares or what. Gindalbie (GBG) shares went up almost double when the join venture was announced.

 

[barney]

Found this old ann. (9th June 06) Haven't been able to find anything more recent re Indian involvement. Hope you're right cause the sp needs some help

Managing Director of ARL, Mr Darren Hedley said "An invitation was extended to us from our new business partners Mineralogy to join the negotiating table with two of India’s premier iron ore producers, Kudremukh Iron Ore Company Ltd (KIOCL) and National Mineral Development Corporation (NMDC) of India. Both NMDC and KIOCL are government owned enterprises, with KIOCL owning India’s largest mining and pelletising complex and NMDC being India’s single largest iron ore producer, producing in excess of 20Mtpa.
The intent of the trip is to explore joint business opportunities between the two countries. Mr Vimal Sharma, Director of Business Development for Mineralogy confirmed "there is a real opportunity to tap India’s growing economy and expertise, and further enhance our trade co-operation between India and Australia. We have a long standing relationship with these two companies, and were offered an invitation to visit their country and discuss opportunities for development of our massive iron ore resources in the Pilbara, Western Australia".

 

[tahpot]

Anyone have any logical reasons why ARH sp dropping steadily after seemingly good news? Are the big players concerned over Palmers monopoly share holding of the Co? (76%)

Palmers monopoly appears to be the only logical reason that the SP has tanked. I guess he has so much control he can do whatever he wants with the company - but if the projected revenues etc. pan out over the next few years - its a great buy at the current SP. Too much uncertainty for me however - so probably similar for others considering the stock.

 

[ALFguy]

If it makes it's way down this week, next support is around 11.5c and could be a good buy opportunity.

 

[iliamanolev]

ALFguy you must be dreaming this share is very undervalued already. After the restructure the amount of share available to the public will be so little that you would prey to get decent amount at any one time. This project is going ahead and it will happen sooner than many think. The 50:50 joint venture is very closed to completion,( Indian or Chinese company involved dont want to speculate which one but i still think is the Indian), the group of 15 professional engineers already formed, the preliminary share facility with Citic signed already, bankable study similar to the one done for Citic so it will cost less and take less to get it finished, construction will commence parallel with Citic. This share is worth a lot more than you think this is project that will go ahead it is not a speculative one that goes up to 60 cents and than what all the way to 9 cents. Palmer is not just a engine on fire the guy does what it plans and does it with precision.
No offence but think before you speculate or buy it first (11.5) and then post it on the website.
PS:
Do you know why the share is dropping, because the company cant do anything untill October and with any speculative share (company that have not started production yet) any delay reflects in the share value.

Good luck buying it at 11.5 or may be 10 or could be 3 cents.

 

[ALFguy]

Keep your pants on iliamanolev (anyone would think you were sleeping with Palmer), I wasn't saying it would, just pointing out that IF there was a drop, there's some support around 11.5c!

I have no plans to buy in at any price right now, but IF it did drop anywhere near that price it would certainly be a bargain - which substantiates what you say about it being undervalued even further.

No offence, but neither you nor anyone else knows what price it will get to over the next week or so. I certainly wouldn't have put it at below 15c, but fact is, it IS.

 

[Absolutely]

Not sure what Illiamanolev is goin on about. Looks to me like 11.5c or lower is more then a possibility, it is a probablility.

 

[Mr Right]

Hi Absolutely!I dont get it where did you come with probability and possibility for the share i have been trading for the past 4 years and what you are saying is absolutely crap.
I think iliamanolev is right do your calculation before posting, wasting people time and if some one fall for it their money also!

 

[Sean K]

Seems to be too much emotion riding on this one to me.

Looks vulnerable imo.

 

[Absolutely]

Geez seems like there are a few people sleeping with Palmer.

 

[barney]

I wouldn't go as far as sleeping with him, but I'd be really really nice to him if I could share a slice of his bank balance!!
I think ARH sp has suffered some price manipulation. Lots of buying prior to the last ann, then a big sell dump on the price spike. I think this spooked lots of share holders cause the share did not rise as high as everyone thought it should have. The continual slide down is a typical fear reaction. (get out before its too late)
Imo the sp will stabilise at around .13 If we get any ann/confirmation re the business arrangements between the Indian or Chinese interest then the sp should recover quickly (at least to .15 or .16) If there is no news soon and the sp gets under .11 anything could happen in the short term.
The fact that Palmer + major shareholders own so much of the Co. is an interesting problem. It gives them a geater control over possible manipulation of the sp, but on the other hand its obviously in their best interest to get the sp as high as possible in the long term.
Will be worth watching closely for any moves once the sp bottoms

 

[adobee]

ARH traded 13cents today. Seems to be alot of positive news from people on the forum in relation to the 'indians'. From my experience so far with this stock I would expect that if a positive annoucement is made re Indian or Chinese involovement you can expect to wipe a further 5-10% of your share value. Anyone watching RNG ?

 

[kgee]

I see theyre attending an iron ore conference with fortescue and Gingalbie on the 9th of sept ...I'm planning on attending so if anyone can think of some good questions to throw at them...please pass them on

 

[johnmwu3]

Palmer is too smart, got too many stake in ARH, we just look how he and Hardley make efforts to add value to ARH, we may just watch .
All the MD of ARH done looks like for Palmer, maybe some fund manager don't like that way, so the price down ,any opinion ?

 

[barney]

Hi Adobee, You're not racist are you? What have you got against Indians and Chinese? (just kidding)

The last ann re supposed Chinese involvement was a "nothing" announcement, so your point about the sp dropping is well taken, but if the Co. gives us a legitimate ann re a factual involvement I think a sp rally would be more likely than a fall. Just my opinion though.

PS Were you trying to relate the fall of RNG to ARH cause I cant find the similarities?

PPS Re RNG NAB bank has been buying/selling which has affected its sp, but directors buying 200,000 shares in August has to be a good sign. Cheers.

 

[Mr Right]

Lets leave the gay thing behaind,

Citic just started to clean up the land and setting up the camp for the port construction. By the way ARH estimated 800 mill revenue per year (as far as i remember) this was at concentrate price of $42 US, the price right now is $70 US so they are making over a billion.

ARH is planning to start in parallel with Citic.

 

[barney]

Hi Mr Right (I hope you are!)
Where do you get your updates from?
I agree the long term ARH scenario looks positive, but I think there may be some short term "upping and downing" (particularly cause of the large sp drop over the past few days--there will be some hefty profit takers before a substantially higher level is reached........unless we get some really good news!!) I have varying parts of my anatomy crossed (certain parts just wont cross!!)

 

[Mr Right]

I think u worry too much let the restructure (10:1) get into place and you will see the more upward trend forming. I agree with you about the profit taking but remember that a lot of people bought it quite high as well. I bought $200 000 at 0.135 today never predicted it to fall so low but if it goes lower i am prepared to jump in again. Lets see what happens

 

[Freeballinginawetsuit]

Keep your pants on iliamanolev (anyone would think you were sleeping with Palmer), I wasn't saying it would, just pointing out that IF there was a drop, there's some support around 11.5c!

I have no plans to buy in at any price right now, but IF it did drop anywhere near that price it would certainly be a bargain - which substantiates what you say about it being undervalued even further.

No offence, but neither you nor anyone else knows what price it will get to over the next week or so. I certainly wouldn't have put it at below 15c, but fact is, it IS.

Youre on the money ALFGuy, 15c was a point of resistance as was 17c. ARH has slid through all these and the next POR is 11.5c.