scoping study, page-8

Fellow posters,

I am not planning to post on AHR till we receive AHRs reply to the bidder statement or another key event.

I would have loved to be a fly on the wall during the Joint Venture discussions which lead to the takeover offer decision.

As motioned I can see the C.S.J Group getting 51% due to shareholder frustration.
Below is a link to the top 20 54% with 51% control AHR can be restructured.

Please make your own decisions.

Holder Name Balance at 10-1-11 %
FALLON NOMINEES PTY LTD 3,662,510 7.31%
GAGE RESOURCES PTY LTD 3,084,345 6.16%
EASTMIN PTY LTD 2,550,000 5.09%
ST JUDE EXPLORATION PTY LTD 2,285,000 4.56%
MR DAVID JOHN HANKS 1,818,877 3.63%
ROSSDALE SUPER FUND PTY LTD 1,675,653 3.34%
MR NEIL KENNETH WATSON 1,553,750 3.10%
SPACEFACE PTY LTD 1,396,045 2.79%
MS MAREN ANKE MARIA GOERDEL 1,296,250 2.59%
JOPAN MANAGEMENT PTY LTD 1,214,217 2.42%
MOLLER CORPORATION LTD 1,000,000 2.00%
MR TREVOR IAN WOOLFE 980,500 1.96&
MR GARY NOEL FALLON 844,286 1.69%
SUSAN M MESSNER & WILLIAM CALLENDER 765,000 1.53%
BLESSED INVESTMENTS PTY LTD 575,000 1.15%
TRANSCONTINENTAL CREDIT CONTROL PTY LTD 565,000 1.13%
YELLOWROCK PTY LTD 522,500 1.04%
SYMINGTON PTY LTD 508,500 1.01%
MR D N WALKINGTON 508,500 1.01%
LG DUDFIELD PENSION FUND 460,899 0.92%

Top 20 holdings 27,266,832 54.42%