Ann: Appointment of Voluntary Administrators-ARI.AX, page-28

The VA says that they are reviewing mining and steel with a view to restructure, and leave mining consumables out of this.

Im familiar with a number of VA cases before when companies didnt even have a viable business. But I think this is different with arrium.

We have a profitable mining consumables, and steel factories that if closed down will only harm the nation.

I guess its not just a case of closing and selling operations to pay off debt. There's a good chance the stock will be reinstated to asx again with a new restructuring plan inplemented.