Hi pegasus2,
You are absolutely right. An excellent observation. I am very impressed and encouraged that the interest rate has not changed. Arrium's CFO is excellent and done an outstanding job since he took over.
So I think a takeover is certainly possible.
I also think Mining Consumables could be sold for 10X EBITDA = $1,850m by an acquirer.
So Debt is gone and you have 13Mt Iron Ore Production at high grade >59% and a steel business that will eventually make a significant EBIT profit when the currency and terms of trade realign.
There was a chart in today in age/smh blog for reference about Iron Ore and AUDUSD...
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