WW2 Not sure what you know of the relationship between Citic and Minerology but this will give you the original deal http://www.theage.com.au/news/business/citic-begins-big-wa-iron-ore-push/2006/07/02/1151778811338.html
It is not "Clives" project anymore but he has struck a good deal for his privatly owned Minerology and yes is reaping the rewards Citic could technicly run him off the property whilst beating him round the head with a stick if they want
This no doubt is funding the Q/land coal projects of late plus the development of Resource House -- ARH gets five mill with a pay it back or else
I see you became a holder earlier this year and appreciate your enthusiasm Yes we know the potential but while the rest of the industry goes ahead in leaps and bounds this has stalled /staggered /floundered for a long time now and most that post on here have been riding it for a while
I for one bought in in mid to late 2006 @ 12.5 cents and lived through consolidations, suspensions and have heavily averaged down to try to make something of it as i see what is happening down there and it gives me hope --80k south of where i live ARH is currently lending money off its major shareholder just to keep their head above water and there is not a snorkle in sight -- not a good position to be in WW2 as this deal i feel will be the make or break of this company and that worries me
If it comes off i would like to personaly meet you to give you a high 5
The crew here is weary and tired so please dont call us complainers and whingers :)
ARH Price at posting:
31.5¢ Sentiment: None Disclosure: Held
