This is what I think is going to happen!
The Iron Ore price will continue to fall until it finds some support probably around the $90/dmt as the Bloomberg article below predicts!
The Aussie dollar will continue to rise and probably hit parity with the US sometime in the next few months! The article below explains why!
The 6%+ rise in the Aussie and another 5% drop in the IO price will put ARI under a lot of pressure as it will struggle to cover its debt obligations!
The most likely scenario is a tough times Capital Raising!
If the IO price does not improve into the future ARI's fate will probably mirror "FGE".
Good Luck all!
http://www.theaustralian.com.au/bus...-to-reach-parity/story-e6frg916-1226949547635
http://www.bloomberg.com/news/2014-...floor-at-90-by-citi-as-exports-stabilize.html
about to bust resistance, page-8
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $18.55M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 3.0¢ | $62.79K | 2.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 730000 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 307391 | 2 |
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| Last trade - 15.22pm 28/10/2024 (20 minute delay) ? |
| ARI (ASX) Chart |