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4.9¢ haranga resources limited.

The $2 billion was paid in 2009, when iron ore prices were about...

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Fibonarchery

12,525 Posts.

10/12/14

00:36

Post #: 14435790
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Originally posted by nihilism ↑

When was it purchased though?

2billion was probably justified 2011 through to late 2012.. different time and different market may be the key here.

mongolia was also different back then, they have since changed the MRC laws about permitting and not in the company favour.. still not a bad place to be though with the proximity to china and China hoping to get supply security away from the big 4 (BHP, Rio, Vale, FMG).

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The $2 billion was paid in 2009, when iron ore prices were about the same as they are now:

HAR Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.9¢		Change -0.006(10.9%)		Mkt cap ! $2.954M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.9¢	$1.225K	25K

Buyers (Bids)

No.	Vol.	Price($)
1	944	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	55597	1

View Market Depth

No.	Vol.	Price($)
2	5454	0.040
2	35429	0.035
3	180400	0.034
1	32290	0.031
2	250000	0.030

Price($)	Vol.	No.
0.044	14000	1
0.045	20000	1
0.053	50000	1
0.060	190328	1
0.070	42000	1

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