Yep. That's about the only thing the dickheads got right when they borrowed $600 million to buy WPG iron ore mine in October 2011. Steve Ash also needs his head read. Said in hindsight they should have had a rights issue and bought it with equity not debt. Nonsense. In hindsight they should never have bought it. Instead should have been happy producing 5 million tonnes of iron more from existing mine.
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held
