Yeah been following ARV and what a debacle because they got misdirected and raised and spent lots of cash and are now broke. Think they got played aswell. TS aquired his 15M from Fox by court order ARV shares and could have sold at 10 to 12 cents straight away unless he held on so who knows. Last I saw we only had 2M ARV shares worth squat now which means a additional 11M shares have been sold but ARV has traded at up to 70 cents before the decline on no news from Novo so I wonder what price they were sold at and what the dept situation to T Streeter is now ie is the debt paid and is there any money in the bank ? Appears it's up to the Bundaberg coking coal project close to a existing port is now but is it any good as there's nothing comming out of the neighbour IXC now called VPC that TS got played into by Gina Rheinhart who was a major shareholder in IXC who shared drilling data with Fox who went on to do more drilling and just taken out AGO under her fathers maiden name Hancock Prospecting in the Pilbarra. At this rate the Adani coal project who have to build a long railway line will beat us assuming it goes ahead so we'll see if we got sucked into lowering our guard in the Pilbarra with the Radio hill processing plant and tenements with other idol permitted tenements close by in regards to the gold nuggets from surface but back then the nickle price had tanked after the RH refurbishment as did gold at about $500 a ounce or less.
FXR Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
