May be holders should contact news journalists to write story about ARH. They love writing this story.
From $800m company in 2009 (I think) to $2.4 m with debt owing. Market cap probably overvalued (more like $0.00), not trading for years, no ATO tax reports, no ASX reports, website issues etc.
In 2014 Annual report, accountant valued assets at $300m... I've been questioning about this valuation for years. If holders bought shares based on this independent report, they might have a strong case.
Also 2011, James King's report of feasibility study used IO price around $300/t. How is that possible? I think at that time IO price was $150-180/t (only extremely feasible if IO price rockets). Shocking feasibility report IMHO. James King's CV he studied economics at University of Cambridge (top university). Unbelievable.
ARH Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
