ARI arika resources limited

Campaign for fairer and more transparent administration, page-8

  1. 8,628 Posts.
    lightbulb Created with Sketch. 287
    Get into Taddy, need some smart operators on board, take no prisoners.

    The first start should be looking at the full list of WPG shareholders at the time the sale of SI was announced to the market. How a Board could approve that purchase and then the onerous contracts be agreed to by the lenders as part of both Arrium's and the lenders due diligence is totally absurd from a commercial risk persepective, even more so with the banks not asking for security. Len Dean was a BHP Whyalla old boy who sat on the Board of WPG at the time, he may be able to inform the Arrium shareholders on how WPG pulled the sale off with the risk all with Arrium.

    Leightons were the successful bidder in the Whyalla Port expansion, they've been in the media recently having been involved in offering bribes to win contracts here and other parts of the world. One executive purchased $500k worth of steel on behalf of Leighton and then used it to build a RORO berth on behalf of a different contractor.

    The Federal Government might be surprised to know that corruption just doesn't involve Union officials.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
3.7¢
Change
0.000(0.00%)
Mkt cap ! $28.96M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 298501 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 259898 3
View Market Depth
Last trade - 16.21pm 07/07/2025 (20 minute delay) ?
ARI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.