Arrium in Administration according to AFR street talk, page-38

Lots of people are expressing their views.

I just feel sorry for Australia - where a company with a highly profitable business and another one with break even situation goes to VA. It is not a great time to have 8000 job losses. It would be very difficult to rehabilitate these people. I have lost 15K on this share but people in Adelaide have lost more.

My thoughts are with them. I hope that the leaders go above politics, bulldoze their way through to fix steel manufacturing issues and help this iconic company to get back on its feet.

About management - there is no point talking about these shameless, thick skin and arrogant people who couldn't even sell Moly Crop when 8 parties approached to snatch it for a relatively good price.

No wonder manufacturing doesn't survive in Australia - because we lack skills to run manufacturing business. Look at Ford, Holden, Toyota, Steel...