Hi Knowsnothing, If Steelmakers Australia are sniffing around, I hope they make a fair priced offer instead of the opportunistic BS they went with before. They should put up $1.50 p.s, which would be a 6-7 times multiple on consensus 2014 earnings. Though I'm sure they will maintain the IO markets are in structural decline and try to come in around $1.00 Any action will be interesting after a month hiatus. FT
ARI Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
