Dont get sucked in by the negativity.I suggest that Palmer is a victim of the"tall poppy syndrome".Not so long ago,Andrew"twiggy"Forrest was also universally derided by the media pundits and the mining industry.He built Fortescue from scratch and despite being written off plenty of times,had the last laugh. Clive wants to do things his way but he has been pretty successful,so maybe his way is the right way.Even if the float is beyond his capability at present he still has the option of forging a private venture with Chinese state-owned enterprises.WHATEVER YOU SAY ABOUT HIM,HE STILL OWNS A MASSIVE AMOUNT OF IRON ORE AND COAL RESERVES! This is the man who had the foresight to peg those tenements in 1985,sold the ground to Citic for $US415 million upfront&future royalties,and obtained the China First coal devt thru a $140 mill takeover of Waratah Coal during the GFC.That project is now worth about $1billion. That same man owns nearly 70% of ARH shares.He is the real CEO of ARH.Are we not truly blessed to have a man with his record at the helm? As an aside,I am bemused and somewhat perplexed by evident "downrampers' suddenly posting for the "first" time and maintaining that they do not own any shares in ARH (but did some time ago),sold out,made a "killing"and now wish us the best of luck in what they say is a doomed company.Who are they and why are they posting?
ARH Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held