ACR Related News

For Karma purposes: Personal disclosure – Friends et al are heavy in ACR. Ipit.

ACR Related news. BDO rep sits in Indophil board. Hmmmm
http://indophil.com/pdf/Cleansing%20Staement.pdf

The silent original business partner of Glencore Xstrata in Tampakan is Alsons Consolidated Resources (ACR). Recently Glencore inked a deal with Nihao and AGP to formed a JV company. If my memory serves me right, $500k on both Nihao & Agp and $1M for Glencore. If converted to peso that’s roughly 43M pesos.

ACR’s investment in Indophil runs to billions of pesos. Tampakan is own by both Glencore Xstrata (62.5% i think) and Indophil (37.50%, which also plans to do an IPO?).

ACR is a laggard stock though. Damit!

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