I dont believe Mr Palmer has or will include anything to do with ARH in the IPO.
I think if the marketing/interest of resourcehouse for the iron ore side goes well and he can get his hands on the additional funding (as IPO is only raising 700m for Cape Preston iron ore) and wants an immediate start he will take over ARH after floating and commence construction.
If addition funding required is not immediately available then he may just run with a seperate design and plant start up over the next 12 months.
Either way like i have said before, resourcehouse will bring alot of exposure to Cape Preston.
Worse case, with Citic on one side and Resourcehouse on the other, it would seem very odd that ARH's block would go unwanted.
My thoughts only
ARH Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
