my theory/hope, page-2

I would much rather

Whyalla costs both mining and steel dropped by $160m adding $1600m to the business value lifting all Whyalla operations from negative business values to being worth something.

Then stuff the GSO deal

Then the banks and ARI board have some technical assets to work with to enable the financing to be restructured as shareholders will have some positive equity in the business.

If they don't do it then GSO will and I'll be struggling with less than 15% of my share of such a restructure,because I won't be throwing good money after bad.

DYOR + DYODD If ARI's businesses were worth more and that depends on them earning $160m more we wouldn't be having this discussion,nor see this deal presented.ARI steel other than Whyalla is creaming it and so should Moly-Cop right NOW and the interest on debt is still being paid.