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Ann: Agreement Signed to Save Arrium Australia and Whyalla, page-86

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  1. bitluck
    626 Posts.
    lightbulb Created with Sketch. 89
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    09/07/17
    15:01
    Post #: 25753812
    "The 1.6 would have included employee liabilities etc."

    Employees liabilities do not matter when you sell a profitable business. If Molycop had convertible notes or other secured debts to pay off then yes that could be taken out from the A$1.6 billion but we don't know.
    ARI Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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