ozblue

I agree with most that you are saying....
I spoke to a friend a week ago who owns a substantial steel fixing business employing some 82 ppl, and he told me that the dumping of reo longs from overseas will stop because the quality is rubbish and given it is used in bridges, roads, buildings, its too dangerous and the Federal Govt will end this dumping.....
I guess that eased my concerns on dumping reo...
look i agree this is either the bargain of the century.....i think from memory Arrium made $250million net profit this year.....staggering given its trading this low....I guess that market manipulation..and once the accumulator has had his fill who knows it may rocket....
Just in the meantime it looks not so good..from a SP point of view????????

I am tempted to jump in for a few...that sell prop that incidently disappeared then reappeared puts me off