ARH - Australasian Resources

[kenworth69]

Whilst some pundits were forecasting a decrease in the iron ore price in 2007, the Chinese have agreed to a 9.5% increase. Apparently it is the earliest price settlement in 10 years.

The initiative was led by the Chinese rather than the Japanese who traditionally have led the price negotiations. Obviously a further indication of China's increasing power in this commodity market.

I think 2007 may be the year the Balmoral deposit finally gets recognized.

HAOPEFULLY SOME OF THE KNOCKERS ARE GOING TO BE SAT FIRMLY ON THEIR BACKSIDES.

Jimmy, one of the best things about this deposit is that it does not require a railway.

 

[terror]

Yogi how about putting up your Gann chart again

 

[yogi-in-oz]

Hi folks,

ARH ... has been positive recently, but will be watching
for lows here over the next couple of days, with a couple
of negative time cycles about to come into play ..... would
not be surprising to see this one test the gap around
10 cents for support.

Looking ahead:

08-10012007 ... 2 cycles here and negative
spotlight on ARH may reinforce negative news.

19-22012007 ... positive cycle ... finance-related???

26-29012007 ... significant and positive news expected.


2001-2102007 ... underlying positive tone may see flat
trading, as negative cycles fall into place.

09022007 ... positive spotlight on ARH

12022007 ... negative cycle = flat trading here???

13022007 ... difficult aspect ..... finances???

March-April 2007 is looking good for ARH, with a couple
of underlying positive cycles in play, from 05032007,
through to 27042007:

09-12032007 ... 2 negative cycles, so will looking
for lows, around this time.

15032007 ... start of a LONG PERIOD, under a
positive cycle and a BIG rally??? .....

23-26032007 ... 2 very positive cycles here, should
result in continued rally ... looks BIG-time positive !~!

03-04042007 ... 2 minor cycles here

10042007 ... negative spotlight here, may produce
volatile trading, over the next 2 weeks?

23042007 ... significant negative news = flat trading?

30042007 ... significant and positive ... finances???

happy trading all

yogi

 

[MalteseBull]

i am still holding from mid last year,

are they trading today and is it still under ARH?

 

[pkj24]

MalteseBull - please see attached for the latest announcement for ARH.

The company will continue to trade under ARH, but has not recommenced trading as yet.

I am also holding from mid last year and will continue to watch with interest...

:newbie:

 

[rockingham178]

Hi folks,

ARH ... has been positive recently, but will be watching
for lows here over the next couple of days, with a couple
of negative time cycles about to come into play ..... would
not be surprising to see this one test the gap around
10 cents for support.
yogi

Yogi I agree and I would add I am concerned that ARH can't/won't recommence trading and has indicated a further delay. ARH is potentially a good news story but is going to test support again. If it breaks .10 and goes down it will stay for some time at lows, if not I expect the exact reverse would occur and we will fianlly see ARH sp rise.

 

[pkj24]

I'm hoping it doesn't drop below .10 when it relists, as shares have been consolidated on a 10:1 basis!

Going on the closing price before the trading halt (11.5 cents), it should relists somewhere in the vicinity of $1.15 per share.

:newbie:

 

[kenworth69]

It will be interesting to see if anything comes of the talks between CITIC and CFE. Apparently an 80 km slurry pipe would transport the ore.

 

[kenworth69]

Without access to port and other common infrastructure it would be impossible for financiers to loan the required monies to construct the mine and processing plants. It would be a stranded deposit.

The fact that CITIC has actually pressed the button on the development of these facilities is extremely important to ARH AND ITS ABILITY TO RAISE THE REQUIRED LOAN/EQUITY MIX.

The fact that MCC is the selected constructor of these facilities only strengthens the validity of the MOU MCC has executed with ARH.

This announcement removes one of the major hurdles to ARH obtaining the required finance IMHO.

 

[kenworth69]

Surely the results of the final three drill holes must be imminent. This should take the resource over the magic 1 billion tonne mark.

 

[kgee]

Yep Citic and MCC's work on the central block is excellant news expected 1st deliveries in 09 ...I didn't realize they had even completed the bank feasibility study! I'm sure this will pave the way forward for ARH
Now to get the financing sorted and I've my fingers crossed they've arranged full project funding and not just the cash for the aquisition and feasibility study
There's still a lot of negative sentiment towards ARH and some funding could surely change that around
please don't see this as a ramp I will crunch some numbers when we have news of a deal

 

[kenworth69]

Kgee,

I can remember some of the fair, unbiased posters on HotCopper were saying 3-4 months ago that this stock would frustrate holders no end for the next six months. They were exactly right.

 

[kgee]

I'm still not sure of the whole thing...GBG has a market cap of 300 million with 1.3 billion tonnes (hematite and magnetite) ARH market cap 350 million (approx) with 1 billion tonnes magnetite....it seems every time I get optimistic about this stock somthing brings me back to earth again

 

[MalteseBull]

Announcement released today - Market Update

Looks very good long term, Don't know when it will be back on the market again,

DYOR

 

[kenworth69]

I hope they enter in to a fair and reasonable funding arrangement regarding the construction of the mine (subject to satisfactory BFS) BEFORE THEY ARE RE-LISTED.

If not i think the sp will head south.

 

[kgee]

IMO the wording of the ann. suggested that the funding agreement they were now looking at was not for full funding but short term for bank feasibility study and aquisition costs...in which case I can't see it doing a lot for th sp.
I liked the article where Hedley explained the delays with " if you had a 1.5 mill house and had an offer for 1 mill its only smart to hold out for 1.5"
I wonder if he used that same business accumen when he sold SBN to Palmer???
Ok enough of the cheap shots

 

[kenworth69]

Kgee,

If you re-read the report i think you will find that they are seeking both. Obviously any long term funding would be subject to satisfactory bfs.

I still think the future of this company is more aligned to CITIC than most people think.

Both companies are limited by respective agreements with Palmer as to how many tonnes they can extract from their assigned ground each year. I would have thought CITIC would find ARH's quota of ore very attractive.


By christ they (directors) know how to recycle old news.

 

[kenworth69]

I still cannot reconcile why CITIC and ARH would contemplate building similar sets of plants so close together. Lets face it PP has just had to borrow them $5 million to pay the office rent and wages.

It would be far better to sell the ore to CITIC or ship it out raw.Alternatively it could be in our best interest for CITIC to take over ARH.

 

[pkj24]

New announcement today includes a resource upgrade to 1.11 billion tonnes (great news), but unfortunately still no clue as to when it will recommence trading (been over 2 months now). I'm not sure whether to laugh or cry...

 

[Freeballinginawetsuit]

New announcement today includes a resource upgrade to 1.11 billion tonnes (great news), but unfortunately still no clue as to when it will recommence trading (been over 2 months now). I'm not sure whether to laugh or cry...

Heading towards 3 months now .......... criminal!