ARI 3.57% 2.7¢ arika resources limited

Ann: Arrium Mining Quarterly Production Report, page-4

  1. 69 Posts.
    $140 m loss from io. I agree.

    But. $270m profit from steel and moly cop and increasing.
    $130m left.
    Interest on loans $1.7b at 4%
    $68m pa
    $62m in surplus.
    What's the problem boys?
    Debt to equity a little steep?
    Covenance a little stretched?
    So what! Are we at the top of the iron ore price cycle???
    Is China's GDP at its strongest ever???
    Are world economies looking their strongest ever???
    Of course not!
    This is the very definition of upside. WTF!
 
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