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ARH - Australasian Resources

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Over 2 Million in early trade..
Buyer depth looking very nice now..
something has to be in the pipeline
 
Breaking $0.15 will be positive, breaking $0.22 will be more like a breakout. 2m vol not that much at this stage really. 20m vol would be a better indication of renewed interest.
 
News Announced

RESOURCE INCREASE TO 958 MILLION TONNES FOR BALMORAL SOUTH IRON ORE PROJECT

Australasian Resources Limited (ASX Code ARH) is pleased to announce an upgrade of the resource estimate to 958 million tonnes (Mt) from part of the Southern Block of the Balmoral magnetite deposit in the western Pilbara region of Western Australia based on recent drilling results (refer Appendix A for location).
The updatedr esource estimate represents the results of geological interpretation based on geological logging of 28 drill holes, modelling of the banded Iron Formation (BIF), geophysical surveys (gamma and magnetic susceptibility), chemical assay and Davis Tube Recovery test results.
 
One thing i know for sure is that ARH has already started to put tenders for the construction of the project and the environmental approval is under way. I wont be surprised if it is a deal with the Chinese (joint venture).
 
G'day SevenFX

I think your right about thinking Mr Right is right.


Cheers

Dutchie
 
IMO...I'm supprised sellers havent pulled back on this news, hence the strong resistance at 13.5 upwards...???

The buyers have definetly come in, but with 2much supply, why would they pay more hey...????

Anyway I'm out with a small tidy profit... till no's change

Cheers
SevenFX
 
I am holding to it alot of things are happening for arh right now. Citic is starting the construction of the port. Another good company to invest but do your resarch LRL apparently doubling their resources and only one fifth drilled so far huge gold deposit in China.
 
Re: ARH - Australasian Resources

Looks now intresting..bought today at 12.5cents...CHINESE are funding 70% of this project....should be more like 25cents then present price...a share with potential..NOW...great partner...with drive...
 
Australian companies are bidding for the project as well. Millions of dollars for grabs!
 
This thread has gone quiet.

Anyone concerned about the performance of this stock which still seems to be disappearing out the back door.

No new "real" announcements, despite all the emotion and the hype.

Do people here still have confidence that they will get their project off the ground ?
 


Well Citic has already cleared the ground and its preparing for construction. ARH has just started $1,000,000 test program and also they are trying to go straight in construction in hand with the bankable study. I am in all the way.
 
Re: ARH - Australasian Resources is back in business

MOU approved! Check todays release!
 
ARH is a long term thing all

don't expect short term profits from it .. but as soon as they have their general meeting and announcements start flowing in this should spark like it has today
 
MalteseBull said:
ARH is a long term thing all

don't expect short term profits from it .. but as soon as they have their general meeting and announcements start flowing in this should spark like it has today
Click to expand...

Spark like it has today?, its a whole 100 percent below the SP I dumped it months ago at, this ones a full donkey MB.

The whole setup with Palmer and ARH's ramped announcements is fully dodgy, I've always wondered what happened with their Shelock Bay Nickle venture, they dropped that like a hot potato after ramping it for ages.
 
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