ARI 0.00% 2.9¢ arika resources limited

Well,thx support of around 1.02 holded today, that was the main...

  1. 5,813 Posts.
    Well,thx support of around 1.02 holded today, that was the main thing on this red ASX day.
    Now we might see lower support/resistance, but this should not mean a downtrend.

    1. Support: 1.01

    Pivot Point: 1.04

    Resistance: 1.07

    2. The other magic: MBIO Index 6 August 2013; Index rises to $131.96/tonne.

    3. for the mentioned ARI debt level...well, many companies have debt...
    ARI aim to reduce the net debt level from 35% down to 25%, which is for many companies with debt a healthy proportion.




 
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