who cares about resourcehouse - me

We should all be interested in Resourcehouse.

Even if Clive does not tie up ARH into his new listing, can you imagine having Resoucehouse (with world wide marketing exposure) on one side of your block and Mineralogy on the other. Someone will snap ARH up.

I'm thinking maybe that if ARH cannot find a partner then Clive may scoop them up into Resourcehouse AFTER it has been floated.

Lets face it, if he cant make ARH look attractive, why would Resourcehouse iron ore division be any different. Yes they have access to more tonnage, but Clive would surely give ARH rights to additional tonnage should the right partner come along. This would also improve the economic's of the project.

Either way, Cape Preston will be in the news in a big way before long. That has to be positive.

News below from today -



Clive Palmer, Resourcehouse

Mining magnate Clive Palmer must be getting sick of this game of fronting up and denying rumours of an imminent float of his mining company, Resourcehouse, in Hong Kong. The latest round of speculation came after a report in Reuters flagged that Resourcehouse had started two-weeks of pre-marketing to institutional investors, with roadshows tentatively earmarked for March 14. Palmer has reportedly played down the talk and maintained his line that there was nothing official on the cards. However, the evidence is stacking up against him with Dow Jones Newswires reporting that the $US3 billion listing is on track with the Hong Kong Exchange giving it the tick. Palmer is being advised by JPMorgan and BOC International and the listing is planned for April 15. Palmer?s reluctance to open up here could be sign that after two failed attempts the mining magnate doesn?t really want the spotlight just in case things turn sour. The 2009 attempt was delayed after Metallurgical Corporation of China (MCC) agreed to buy 5 per cent of Resourcehouse and Palmer?s second attempt in the first half of 2010 was snuffed out by the European debt crisis. Then there was that brouhaha with Palmer mixing up the name of the Chinese company with which Resourcehouse had struck a sales deal. All in all it was a touch embarrassing and that may explain why he is so reticent to reveal any news on a possible listing.