ARL 4.44% 47.0¢ ardea resources limited

You might like to know some of the below history. Originally...

  1. 5,851 Posts.
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    You might like to know some of the below history.

    Originally Cawse was a pilot plant built by Centaur Mining. At the time it was built with the possibility of extending / increasing future production.

    Centaur Mining made an unsuccessful hostile bid for Heron Resources, pitched at .30 cents per share and then extended the offer period in which Centaur never received any shares.
    Obviously it wanted to secure long term and higher grade nickel.
    After Centaur went into receivership?? Cawse had several owners with Norilsk of Russia still producing and then Cawse changed hands again.

    I believe that Cawse was being sold extremely cheaply, due to impairment and all kinds of EPA W.A. Gov't regulations to make good and clear the area.
 
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