ARI arika resources limited
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Not bad News,But Price Gone down,Why?, page-43

  1. LPP08
    221 Posts.
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    24/01/15
    14:56
    Post #: 14635874
    "But this is non-cash impairment......"

    The $1,300,000,000 was real hard cash only a short time ago. The impairment recognises it will never be cash again. It's a formal recognition of a number of poor prior decisions. Financial results would suggest ARI haven't made many good decisions, across a number of businesses, over the past 5 years.
    ARI Price at posting: 20.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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3.8¢ 		Change
0.001(2.70%) 		Mkt cap ! $29.74M
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