ARH
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0.00% 0.5¢ australasian resources limited

http://www.theaustralian.com.au/business/mining-energy/palmer-cit...

  1. micky78
    2,689 Posts.
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    13/03/13
    09:59
    Post #: 11530786
    http://www.theaustralian.com.au/business/mining-energy/palmer-citic-rift-blows-out-to-400m/story-e6frg9df-1226595930883

    IMHO CITIC might default and leave Australia forever. It will be hard for CP to take legal action against CITIC in China as CITIC is part own by Chinese govern.

    About $200m royalty fee per month + low IO price coming soon for many years, IMHO ARH has absolutely no chance getting anywhere.
    ARH Price at posting: 5.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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