LT debt recently renegotiated on favourable interest rates of around 5% from memory. pretty cheap capital - provided the company uses it to generate returns in excess of 5% + overheads.
i personally think we'll see the $960odd million used to fund molycop returning in excess of 5%, and we'll certainly see the 400odd million spent expanding iron ore capacity returning more than 5%.
debt in itself is not bad, wasteful use of lent funds is. prudent use can lead to great increases in value. imho ARI mgt has given s/h every reason to conclude that they have a strong strategic plan which is being executed extremely well. glta.
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.00M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.4¢ | 4.2¢ | $80.88K | 1.858M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 582498 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 1103670 | 3 |
View Market Depth
| Last trade - 14.29pm 23/07/2025 (20 minute delay) ? |
| ARI (ASX) Chart |