ARH: 1Bt of low-grade iron ore (NOT 2Bt), with next door CITIC CAPEX $7.5B (3X cost-blow out). 100% no chance of capital raising, just issuing more and more shares ONLY to CP.
DMA has more than 1BT mag. Fe ore, market cap about $10m (little cash). DMA sp is collapsing.
With China now focus on consumptions rather than property building investments AND tighten oversea bad investments, demand for any low-grade mag. Fe will collapse.
Good luck.
- Forums
- ASX - By Stock
- ARH
- investment
investment, page-4
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)