So long as they can stop the bleeding by reducing
workforce/unprofitable parts of their business and
show some profitability within the next 2 years;
why can't they just get another loan and roll over the debt?
Its a company doing 6-8billion of revenue with a order 100M
loss; it would be only require 1.25% adjustment to expenses
to make them neutral and hibernate until iron ore prices
drop (projected in 2012/2013 as supply increases). Drop
in iron ore prices would have multiplicative effect for them
as A$ would also come down as capacity meets demand in that sector.
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Open | High | Low | Value | Volume |
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1 | 350 | 19.650 |
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20.380 | 276 | 1 |
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