Looks like there is a bit of resistance at 26.5 c.
The takeover offer has IMO been put forward at the right time by the Chinese (good for them I mean) in that even with the scoping study coming out the share price will find it hard to go north of 28c as I believe that there is a feeling amongst potential shareholders that if they pay more that the takeover offer then they may lose out if the directors decide that 28c is an appropriate price.
Although I doubt they will find this price satisfactory the matter of this mental barrier will prove somewhat of a problem until we receive more news as to the takeover.
DYOR
AHR Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
