Bailout latest article re Whyalla, page-33

hi newcar at this stage with all the info available its just a punt imo but with calculated risks.
1. moly cop plus Mel Syd steel profitable.
2. Hopefully Io has bottomed.
3. Too many jobs at stakes, SA can't afford to lose Whyalla after holden
4.banks are unsecured hence less incentive for admin
5. Aus needs a strong steel industry for strategic reasons. So helps are coming.

at 1.7c worth a gamble but only use $ u can afford to lose. I feel for long term holders it might be years til they can see some sort of return.