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ARH, AUSTRALASIAN RESOURCES LIMITED
bobco
post Posted: Jul 24 2008, 07:25 PM
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In reply to: flower on Thursday 24/07/08 06:04pm

Sure am
Bit surprised at valuation figure used re merger talk, was hoping for bit more potential than just over $2


 
flower
post Posted: Jul 24 2008, 04:04 PM
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In reply to: cdmick on Sunday 16/03/08 01:21pm

Anybody on to this?

Anybody watching MEO Petroleum, Gladstone Pacific Nickel, Resource Development International?


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Combining Fundamental comments with Fundamental charts.
 
cdmick
post Posted: Mar 16 2008, 01:21 PM
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up dated presentation looked good and sp drops 10% go figure

 
eagles
post Posted: Dec 17 2007, 01:01 PM
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must be good news coming, depth chart saying it will open at $2.40 when it comes out of trading halt

Might see that $3 xmas present before weeks end.

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eagles
post Posted: Dec 17 2007, 12:49 PM
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In reply to: martidh on Monday 26/11/07 03:35pm

Iron ore junior eyes Palmer deal over play



Spinifex


PETER KLINGER



The Christmas season is hardly the time to be doing major corporate deals, especially if they involve a hefty capital raising.
With most market participants preferring to be jolly rather than desk bound, deals are often postponed until late January.
But then again, WA?s iron ore sector is storming ahead with such a head of steam that finalising a major deal in the days leading up to Santa?s annual home visit can actually be done.
If the smoke signals emanating from the Australasian Resources (ARH) camp are anything to go by, the Perth iron ore aspirant is close to having a deal stitched up with major shareholder Clive Palmer that will both enhance its resources base as well as restructure its share register.
The company is remaining tight-lipped but sources say ARH has not given up hope of sealing the crucial deal by the end of this week.
In a nutshell, the deal is about buying some more iron ore rights off Mr Palmer, the owner of a vast tract of Pilbara tenements near Cape Preston, and reimbursing him in a way that will achieve another key ARH aim: opening up its share register.
As things stand, ARH has the right to mine one billion tonnes of iron ore at its Balmoral South project. The right covers tenements and State Agreements belonging to Mr Palmer?s private company, Mineralogy. In return for granting the right he has taken a 66.6 per cent stake in ARH.
The deal was completed earlier this year and ARH?s managing director, Andy Caruso, has since set about advancing Balmoral South, which will involve sharing infrastructure (mainly the Cape Preston port) with neighbouring iron ore aspirant Citic Pacific. Citic, like ARH, has acquired iron ore rights off Mr Palmer but, given its status as a Chinese company, has paid the Queensland metals tycoon in cash rather than scrip.
The latest Citic deal, to take its mining right from one billion tonnes to two billion tonnes of iron ore, was concluded last month and involved the Hong Kong-based group paying Mr Palmer $US200 million ($228 million) as well as promising future, undisclosed royalties. The deal also included an option for Citic to add further tonnes on a basis of $US200 million per billion tonnes.
Despite its steady progress towards producing 12 million tonnes of ore a year from 2010, ARH is yet to fully reap market recognition.
ARH has a resource of 1.1 billion tonnes of magnetite and probable ore reserves of 680 million tonnes (mt). It believes it will be able to recover at least 207mt, pointing to a 17-year mine life, while further drilling and the prospect of additional Clive Palmer rights should provide a significant boost.
Based on ARH?s closing share price of $2.19, it is worth $965.6 million. By comparison, Mid-West players Murchison Metals ($1.4 billion) and takeover target Midwest Corp ($1.1 billion) have significantly smaller iron ore resources.
What is holding back ARH?s share price is the fact that too little scrip is freely traded. In addition to Mr Palmer?s suffocating stake, Chinese steel group Shougang Corp owns 12.8 per cent. Those two players combined account for 79.4 per cent.
The smart money is on ARH and its broker, Tricom Equities, arranging a deal whereby ARH will acquire an additional one billion tonnes off Mr Palmer through a mix of upfront payments and future royalties.
The cash required to pay Mr Palmer would require a substantial equity raising ? given that the last Citic deal was worth $US200 million, ARH may be looking at a similar transaction ? that would have the added, if not principal, benefit of reducing Mr Palmer?s holding to, say, below the 50 per cent level and therefore increase the free float.
It is likely Shougang would want to protect its holding and therefore would need to participate in the raising, while institutional demand is likely to be strong given interest in other iron ore stocks. No deal has yet been struck and as mentioned earlier, ARH is not commenting. But its ambitions are clear.
And Mr Palmer is savvy enough to realise that a reduced holding in ARH could actually be worth more to him.
peter.klinger@wanews.com.au



Overlooked: ARH may be worth less than Mid-West players such as Murchison but it has more ore.


 
martidh
post Posted: Nov 26 2007, 03:35 PM
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You have to be watching this now! Pulled my shares out of the bottom draw a few weeks ago and dusted them off. Almost sold at $1.60.........

Finally ARH is moving up. Offtake and construction contracts early in the year. Its amazing when sentiment changes it changes fast!

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wagalucci
post Posted: Aug 31 2007, 12:37 PM
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In reply to: hbswrx on Wednesday 27/06/07 07:59pm

For me its a wait and see approach for this stock. Still down on my initial purchase, but from the recent announcements it won't be long when we will all be happy again.

The stock market is no hobby for me as the only advice a broker gave me was to buy a stock and forget about it for a long time. To some people a long time may be hours in a day to others its weeks in a year and to others months in a year. Mines the latter.

Its now going in the right direction even in this recent uncertain time.


Wags

 
hbswrx
post Posted: Jun 27 2007, 09:59 PM
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In reply to: pengo on Friday 01/06/07 03:07pm

gees another unloved stock on sharescene

 
pengo
post Posted: Jun 1 2007, 02:07 PM
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Palmer and this company and their china contract was mentioned in the Herald Sun on thursday, might show a flutter of activity.

Its how I found out abotu ARH. I'm thinking that with china and the companies ore reserves, this might a good stock to put away for the long term. Might be worthwhile to set and forget 5k worth of shares for 3-5 years.

 
bobco
post Posted: Apr 18 2007, 04:24 PM
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A share price of $5.60 in 3 years time sounds fine to me.
Closed today at 160?
Holding and waiting for me i think.

 
 


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