re: agm
After yesterdays meeting ARH has aqquired to rights to mine 1 billion ton of magnetite something Citic has paid $280 million cash for. The in gound resource by industry standards is worth $1 to $1.4 billion. Taking the value of $1 billion, ARH shares would be worth around $2.60 as of yesterday. Add the 40c they were worth 12 months ago without this deal they are probably worth $3.00 on open in January. They closed after some last minute pressure on Thursday at $1.15 so therefore my guess is that within 1 month of relisting ARH will be worth some where between $3.00 and $4.00 which prior to consolidation would have been 30 to 40c
ARH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held