Per the last page of today?s announcement. JRL converted 600,000 options @ $0.25 ($150,000) which they could have purchased on market for less.
Yes the original shares where part of the deal when AHR acquired the antimony leases March 07 1.2Mil Shares. JRL also purchased 240,000 as part of the $0.15 rights issue ($36,000)
What I am saying is that JRL is a key supporter of AHR. I also find it very interesting to read there website and to understand there investment strategy. I don?t think they are buying AHR because they are nice guys.
After all they just sold there holding in Energy Metals to the Chinese for $34.3 Mil.
We are ?asking what is happening? seems that JRL is happy to pay a premium for stock, and some how the Share price was ?Pegged? under the option price maybe to limit the number of shares on issue.
I find this interesting.
AHR Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
