The VA says that they are reviewing mining and steel with a view to restructure, and leave mining consumables out of this.
Im familiar with a number of VA cases before when companies didnt even have a viable business. But I think this is different with arrium.
We have a profitable mining consumables, and steel factories that if closed down will only harm the nation.
I guess its not just a case of closing and selling operations to pay off debt. There's a good chance the stock will be reinstated to asx again with a new restructuring plan inplemented.
ARI Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held