ARI
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0.00% 2.2¢ a.c.n. 004 410 833 limited

Fair value, page-28

  1. jamwolf
    5,931 Posts.
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    01/10/14
    12:12
    Post #: 14056525
    I agree with Zubric. Fundamentals can change in a flash of pan depending on iron ore price and dollar.

    But what doesn't change is that the company has raised $750m to wipe out it's debt at 48c, and new punters can buy them at 35.5c so soon afterwards.

    Worth a punt, IMO, but that's all it is.
    ARI Price at posting: 35.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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