There is only 1 person that benifits in these deals
Reading this does my head in
Interesting how it says Mineralogy is a major share holder in ARH not Clive
Clives company Mineralogy takes 50% of the 1 billion tonnes from our subsiduary international minerals we have the right to mine = 500 million tonnes left for ARH
International Minerals buys Iron Ore Sales by way of share issue to Mineralogy = 1 billion tonnes to ARH
228,391,541 shares International Minerals gives to Mineralogy = ?? percent that Mineralogy now still owns of that 1 billion tonnes
Apparently this equates to 50% for each -- so we still have only 1 billion tonnes nothing additional because IM is now 50% owned by Minealogy
We then dilute ourselves further by issuing another 30 odd million shares to Clive for another 5 million dollars so we can pay for Mineralogy executives to pull us out of the proverbial
Nothing has happened but a further dilution
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stock price doubles on ann, page-4
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