Spot on with your post. Even the lenders doesn't want bad debts...

Spot on with your post. Even the lenders doesn't want bad debts to rise on the balance sheets.

http://www.copyright link/content/dam/images/g/o/0/h/b/g/image.imgtype.afrArticleInline.620x0.png/1459998947801.png

Mining consumables- No worries, doing extremely well and good guy supporting the bad guys in the group.
Recycling- Approx. 619 employees, seems to be doing OK. May be some employee reduction approx. 20%
Mining - Will be suspended and/or closed once existing contractual obligations in September are done if IO price doesn't recover as it employ just 396.
Steel- Approx. 4993 employees, SA government will support. Heard in the last 6 months it turned to profitability $100m dollars, if not then partial closure in NSW where they are using spanish steel and continue in whyalla with SA overnment support.

If VA employs a new CEO, chariman and CFO, everyone will start supporting. Arrium will come back excluding the current management, this is not like other companies entered into VA like dick smith etc.
GLTAH.