Since been put into admin ARI has repaid over 2 bill debt in 12 mths
In now more favourable market conditions from tariffs and steel prices the restructured lower debt company is now generating more cash than it ever…… prob over approx 400 mill yr profit and its debt to profit ratio would have other companies envious
If the government agrees to use Australian taxpayer funds to assist foreign companies take this Australian icon from its supportive Australian investors/shareholders would be criminal
The government should aid in temp loan to put the greedy banks in check and help this Australian business trade back into a being a strong asset for building the infrastructure of our country like Bluescope Steel.
Smart management, add a capital raising and this business would be strong as ever
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