Since December the rise in debt has been exchange and restructuring costs for SI.
That implies other business units have held their own,with no appreciable rise in overall liabilities.
With both a change in fortunes for steel and mining consumables in Australia only to see an exchange rate shift likely to add to their positive turn around and growing cash flow.
Like AG I would prefer to see ARI intact and ride this dips upside.
That depends on rising Cash Flow and projections for it to continue.
Moly-Cops investment in growth facilities almost done.
What direction the board takes when "push comes to shove "will determine whether we have a board that is Dynamic or still a wet rag willing to be financially dictated to by advisers with vested interests.
The last vote could have been read as a vote of incompetence by some.
Since then we have seen some changes,including the addition of a Banker and a Mining Specialist.
Moly-Cop or steel and mining.I'd prefer to see steel/mining dumped and continue to own Moly-Cop.
What would you prefer to own?
ARI Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held