ARH 0.00% 0.5¢ australasian resources limited

ARH in its present form bears virtually no resemblance...

  1. 1,257 Posts.
    ARH in its present form bears virtually no resemblance whatsoever to CKGM.

    Palmer now holds around 59% of the company on a diluted basis and the Chinese hold around 12.8%. Chinese have pumped in around $56 million , with the option to pump in around another $42 million. They need to provide the $2.1 billion US to earn a 50% interest in IM.None of the current directors remain from the CKGM days (with the possible exception of Martino?)nor do any of its senior management.

    This company, with the exception of a couple of remnant projects ie Cat Camp, bears absolutely no resemblance to CKGM. In any event they will hopefully be floated off in to a new entity.

    Having said that i wish they could conclude at least one of the factors which will act as a catalyst for a material increase in the short term. We will not remain the highest market cap iron ore non producer if we dont.

    We need to get a wiggle on.

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