Have been trying to figure out why its been all quiet and no interest in ARH? I think its uncertainty about more ore and spin off of non IO assets. They need to hold a meeting to vote on spin off andalso a meeting to vote on method of payment for more Iron Ore, Clive has sold each right to 1bil tonne for $250mil so thas what he wants maybe more? So how does ARH pay? Already given Clive 75% of Company for first 1bil tonne, can't give him another lot of shares so it must be a loan arrangement maybe to/from him? Or try and raise capital else where? China? dont know but I think this and the fact they will need more than 680mil ton of Ore in probables to get funding, that only equates to 17 year mine life at 12T per annum 8.5 years @ 24T Per annum. So I think more drilling to prove reserves, a good BFS, then a loan/deal from Exim or what ever the Chinese Gov bank is called is whats needed. Then they will go to shareholders with all the news. could be all done before end june given they have been trying to work it out since Oct 07. I think last spike in price was on news a deal had been struck, but it obviously fell short, please Don't think Clive is doing a deal for ARH he's doing it for Minerology, owned 100% by him. Thats the sticking point. He wants cash up front and royalties from ore, He's got a bit to go to catch Twiggy (8.5Bil)you know - probably only worth about a third of that ATM. anyway thats what I think is holding SP back market hates uncertainty. any other views?
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