ARH australasian resources limited

steady as she goes

  1. 923 Posts.
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    Well seems things are hovering for this one...... No selling or buying at all really. Woudn't worry about the SP atm as will not take too much effort to get up to $2 region and mid term -long term is where the value will be for this stock...... Just no reason for to be there at the minute... Shanbate is correct as until deals are signed and money is in the bank it is all spec.... But it will be great to watch it move northwards once that is done....... CITIC must be due shortly to give Palmer amother $250 million... I think by June/July was the timeframe on that one.... If that is done then tick the box for that project...... and if that project is done then you can bet that the ARH sp will move.... The Nickel and Uranium are just a bonus.... The length of time it takes Shougang to confirm that the project will proceed is the burning question..... they have 12 months but seeing as they have access to all of Mineraolgy's/CITIC study this will be fastracked.... How fast who knows!!!! Once shogang has 12.8% of ARH after the general meeting in a few months at $1 a share, you would think they would want a return on that as soon as they can.... until then, why would China invest anything... Be keen to see what happens after the General Meeting....
 
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