any idea why ari going down today ???, page-8

material stocks really do seem to be in the dog house right. and anything with debt gets treated like a pariah. seems to me analysts can not remember when companies got slammed for being UNDER geared. having a lazy balance sheet used to be a sign of 'terrible management' and an indication of poor growth prospects..the mind boggles that debt used to develop 2 genuine income producing businesses is being donkey punched.

i have a sneaking suspicion that market might be more receptive to debt levels at an arbitrary level of around $1.5B; accompanied by 6c per annum fully franked div. which i guess-timate to be ~18months away at current iron ore prices and AUD levels. the quarterly production figures and the full year results will provide better guidance on timeframes. glta