where are regulators, page-17

Steelmakers of Australia don't need to be in a rush to make a better offer they can come back in two years time and make a proper bid.

Their ridiculous low bid is an insult to intelligence and shows their intent to rob us of our shares at the lowest possible price.

As a long term investor I rather wait for the IO price to improve,the Aussie dlr to depreciate,the sale in NZ taking place and for their iron ore mine to produce 11M tonnes a year.
By then most likely Arrium's price will be more likely be around the $2.00 mark than the the $0.75 being offered.
Obviously Posco and Noble Group think Arrium is a steal at to day's deflated price caused by shorters and manipulators.
No way they get my shares,as I said before they can come back in two years time.

Do your own research.