What a load of drivel from Australasian Investment Review on ARH , the share price is now only at the same as it was one year ago when it spiked at 21c. ( now consolidated 10:1 its back to the same price). Only a few smart shareholders managed to buy SHN at .031c in Dec 05. But one year ago it was at the same price as it is NOW.
"The value of $1,000 invested one year ago is now over
$13,000."
RUBBISH
Australasian Resources (ARH) said on Wednesday it plans
to spin-off its nickel and other assets into a separate
listed entity. This follows an earlier announcement that
CITIC Pacific Ltd has concluded agreements with
privately owned Mineralogy and ARH’s major shareholder,
Professor Clive Palmer to acquire another iron ore
project at Balmoral, in the Pilbara region of Western
Australia.
“Details of the structure of the spin-off and timing
have yet to be determined, however it is envisaged that
shareholders would have an opportunity to become
investors in the spin-off entity either on an
entitlements or priority allocation basis,” managing
director Andrew Caruso said.
The proposed spin-off of the company’s non iron ore
assets, including Sherlock Bay Nickel Project, will
provide a better opportunity to deliver more value from
these projects to shareholders.
Just last week, ARH said it secured further expansion
into the mining, processing and infrastructure (needs
word here) at its ‘world-class’ Balmoral South Iron Ore
Project.
ARH has paid off handsomely for some investors. The
value of $1,000 invested one year ago is now over
$13,000.
Shares in ARH soared as much as 16.8% to $2.08 during
intraday trading.
They closed up 15% or 27 cents at $2.05.
Copyright Australasian Investment Review.
AIR publishes a weekly magazine. Subscriptions are free
at www.aireview.com.au
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