Arrium in Administration according to AFR street talk, page-37

99% of administrations end in liquidation/receivership/winding down, and shareholders at the end of the line usually come up with nothing. Most companies that come out from administration do so after huge dilutionary capital raises or DOCAs, which essentially does the same thing in destroying shareholder value. At this point just hope for the best but prepare for the worst (shares become worthless), as there is nothing any shareholder can do now.