Mike, as a LT holder you more than anyone should be pleased to have been watching the transformation of OST. I on the otherhand I have only bought in to the company late last year and earlier this year because of where I saw this company headed. These things don't just happen overnight.
The IO is going to be the big earner, the mining consumables is growing at a good rate. Steel has been a massive drain but I think management have largely stopped the bleeding. The world has been in a 5 year bear market and the AUD high. With co-ordinated stimulas I think we are seeing signs of a turnaround and the world will need steel and prices should also recover. I think steel in the right environment is a good fit for ARI. It would help the whole country not just ARI if the RBA could lower the $A.
It's ok to have opposing views and this is just the way I see it.
Div paid today, cheers.
ARI Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held
