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Thanks for the replies.

Tibbs, am aware that the latest fall from $2.20 had a lot to do with the world wide correction. Meant to put that in my original post but must have forgot.

Just out of interest, if my memory serves me right ARU initially held up very well during the correction. ARU shareholders seemed to be oblivious to the fact that the ASX was in a tail spin! In fact just looking at the one month charts of ARU & the XJO and for the week of 24/07/07 to 01/08/07 ARU actually rose by around 10% while the all ords fell 450 points...

I'll have to have a bit of digging aroung but I seem to recall that the serious fall in ARU (i.e. from over $1.90 to under $1.20) coincided with a German bank announcing large sub-prime related losses and the DAX subsequently tanking. Maybe the Germans have more control of ARU than we suspected???