Don't forget about Palmer Resort kicked PGA golf out and extremely low customer numbers.... I think one newspaper source said only 8% occupancy rate. In hotel industry that is shocking... usually a good hotel has 90-95% occupancy rate.
Nickel refinery... how QLD environmental minister still chasing after fines. We are talking about potential massive toxic waste into Great Barrier Reef.
If ARH goes in administration, all resource lease giving back to Mineralogy (CP losses NOTHING). ARH only own lease NOT the resource itself.
Yes, CP has shares in ARH but his placements were for salary payments to ARH directors who also work for Mineralogy and his other companies. Essentially CP has to pay them somehow for their other work.
As I said before, I think CP needs CITIC more because CITIC has all the mining infrastructures but now unlikely will share with ARH.
Just IMHO.
ARH Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held