BSL is looking at ARI closely, waiting to pounce on mining materials business. BSL is the only natural buyer in Aust for that business IMO. BSL probably thinks all it has to do is wait for ARI to go near the wall and pick it up in a fire sale or under admin. That would be my thinking if I were BSL. Hopefully, ARI is able to survive and turn its fortune around.
We all need India to light the fuse like China did 20 yrs ago. But its politics is a mess..
ARI Price at posting:
21.2¢ Sentiment: None Disclosure: Not Held
