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.
May be holders should contact news journalists to write story...
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