ARI 0.00% 2.2¢ a.c.n. 004 410 833 limited

nobel's take over offer, page-22

  1. 2,868 Posts.
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    Mike, as a LT holder you more than anyone should be pleased to have been watching the transformation of OST. I on the otherhand I have only bought in to the company late last year and earlier this year because of where I saw this company headed. These things don't just happen overnight.

    The IO is going to be the big earner, the mining consumables is growing at a good rate. Steel has been a massive drain but I think management have largely stopped the bleeding. The world has been in a 5 year bear market and the AUD high. With co-ordinated stimulas I think we are seeing signs of a turnaround and the world will need steel and prices should also recover. I think steel in the right environment is a good fit for ARI. It would help the whole country not just ARI if the RBA could lower the $A.

    It's ok to have opposing views and this is just the way I see it.

    Div paid today, cheers.

 
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