Jimmy & Slampoil! We will see zombie & gindo EACH put 5m share orders on market @ $0.20 (previously they said $0.225). If they want that many shares, why not get them filled before ARH get deal???
10m buy orders from zombie & gindo on Monday??? Put on the market is the best way to buy shares. I don't see how posting buying 5m shares on HC will get any shares filled.
This might help sp, so NOT down-ramping but UP-RAMPING. Let's up-ramping this stock, put 10m share orders on the market... come on... Get them filled before deal is done!!!
Interestingly Resourcehouse ipo & ARH's capex ($2.8B), I am the only one questioning about this figure based on 2007/08. So if Resourcehouse ipo went ahead, who will pay for cost-overrun? Cost-overrun could be 40-60% like GBG, MMX, etc.
What about opex $68/t??? Carbon tax, mining tax, WA increased iron ore royalty, increased fuel & labour costs, etc., were not included.
IMO I upgraded to "strong buy" because zombie & gindo will place 10m shares on market at $0.20 as promised.
ARH Price at posting:
20.0¢ Sentiment: ST Buy Disclosure: Not Held