ARH 0.00% 0.5¢ australasian resources limited

stock price doubles on ann, page-4

  1. 50 Posts.
    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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