ww2 although you're sarcastically highlighting how 'obvious' you believe Jimmy's comment is, you fail to recognise that once ARH reaches $2.20 it means they have funding secured.
Once funding is secured (next month given an avilable 7b cash CP will likely have access to?) what reason exists preventing the price going to $15-20 per share inside of 36 months
Why would you be happy with $2.20 in that instance?
There is only one credible reason why it wouldn't become a 50 bagger, and that is if you believe iron ore prices (China's econonmy) will crash in the interim - a possibility, however small.
Then again, Iron Ore prices (along with the China economy) could rise dramatically too in that period of time.
And although I believe neither scenario is likely to eventuate any time soon, if one were to speculate, I would favour the odds of the latter.
ARH is the only listed company I have an interest in other than my own privately held companies.
I understand there will be those on this forum who vehemently disagree with me and will violently protest against statements made.
if however anyone on this forum has a parcel of over 200,000 shares they wish to off load (but are having difficulty doing so as a result of illiquidity) at current prices feel free to email me you and your broker's details so we can transact between the current buy/sell.
