ARH australasian resources limited
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chinese still interested in magnetite

  1. MAGADAN
    1,490 Posts.
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    24/11/08
    19:32
    Post #: 4533533
    No ramp or cut and paste.

    Wuhan Steel,China's fifth largest steelmaker announced today an MOU of sorts with Ironclad Mining regarding some relatively small magnetite deposits in South Australia.

    They do seem to be taking advantage of this meltdown to acquire cheap entry deals to further diversify supply away from the big three, including magnetite.


    And yes Itsallover (Shanebat) and Bandwagonjumper i do sincerely wish i had bailed out of this stock at $2.62.

    ARH Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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