The Qtrly - 6 monthly -What will it say ???, page-17

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6,270 Posts.

1730

08/01/16

11:46

Post #: 16756039
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Originally posted by LPP08 ↑

I certainly don't want or expect it to close up completely. But IMHO, a receivership could help in the business's long term survival by wiping out the debt and forcing some big decisions.

For instance, I expect the first order of business will be the banks direct that Molycop be sold to the best offer. All the money goes to the banks. Employees retained

The receiver will then look at whats left and make some decisions......Does operating Australia's ( and maybe the whole od Asia's) smallest blast furnace make sense? Today ARI can't afford the costs of closing it....but Administration avoids many of these costs. Without the blast furnace and its legacies, the steelmaking and distribution assets are very attractive to the likes of BSL. Sold. Most of the employees retained

As for the mining.....I don't know that the assets are worthwile persisting with. Low volume, low grade, on wrong side of Australia, with poor port access. You're never going to win now that the Pilbara can dig up an extra 1% of better quality, lower cost material. It was different when Rio, BHP and FMG were at full capacity, but not now. If IO long term price settles somewhere in the $30's ARI mining is a cash burn; .....shutdown.

I feel for employees, expecialy those in South Australia. They are victims of earlier, stupid management decisions

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I am stunned that anyone is holding this stock !

maybe worth a trade, but this is going under. 1.8 to 5 cents the chart doesn't lie !

ARI Price at posting: 5.1¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 3.5¢		Change 0.001(2.94%)		Mkt cap ! $21.65M

Open	High	Low	Value	Volume
3.5¢	3.9¢	3.3¢	$138.8K	3.876M

Buyers (Bids)

No.	Vol.	Price($)
1	232705	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	463504	2

View Market Depth

No.	Vol.	Price($)
1	232705	0.035
2	600000	0.033
1	500000	0.032
1	250000	0.031
3	469378	0.030

Price($)	Vol.	No.
0.037	83504	1
0.039	1188837	8
0.040	1698478	5
0.041	322598	2
0.043	198255	2

Last trade - 16.10pm 14/10/2024 (20 minute delay)

ARI (ASX) Chart

The Qtrly - 6 monthly -What will it say ???, page-17

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The Qtrly - 6 monthly -What will it say ???, page-17

Top Stories

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