Ann: Appointment of Voluntary Administrators-ARI.AX, page-61

Yeah I agree, the one definite outcome of this week is full cleanout of board/executives. The debt levels are horrendous, but if Whyalla can somehow be given similar Govt. concessions that BSL secured, mining costs brought down further....? Anything is possible, but it is certainly complicated and nothing is certain.

Although I am personally impacted as a shareholder, and obviously not happy. We need to refocus on the other profitable and secure investments in our PFs, and put this one under the mattress and hope we might get back something eventually. I will admit though it does make you stop and think about where equity holders stand in the eyes of the management teams of these companies.