top 20 own 87:2 per cent

I have only started following ARH during the past months or so when I read an interesting article in the BRW about the growing interest in magnetite - it mentioned Mineralogy and Clive Palmer.

I read the article in The Australian this morning and decided to take up an investment after some further research.

Total of 411,838,092 shares

Top 20 Shareholders owned 359.140,198 or 87.20% on 12 April 2007

Only 52,697,894 shares or 12.8% available for the rest of us.

There are not many shares that are that tightly held with so much promise to offer.

With a market capitalisation of over 700M, the institutions will want a part of this and so will foreign investors.

It looks like it has been super charged for further share price appreciation with such astute investors already on board.

IMO, this looks like one to buy and hold at these levels.

Good luck to all.