IMO for SP to takeoff we need a few things go our way
1 $60M & possible more cost reduction at Whyalla & IO mine
2 IO remain at around current level
3 Lenders come to their senses that keep supporting ari during this difficult period is the best way to get their money.
or GSO (maybe someone else ) comes in with a better offer.
4 Government Support
The most important factor in deciding SP imo is lenders support or a better offer than GSO. Government help is needed but the NO 1 priority is the debt. I reckon we will be hearing from the company approaching deadline day. Also one key sentence in the arrium article said that ari had not asked for a fed government bailout, it indicates to me things are not as dire as the media is making it to be. So we just need to be patient & hope for a positive outcome, luck is with the brave.
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $14.84M |
Open | High | Low | Value | Volume |
2.9¢ | 3.3¢ | 2.4¢ | $679.3K | 24.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 758622 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 620680 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 758622 | 0.023 |
3 | 1082412 | 0.022 |
2 | 1678000 | 0.021 |
5 | 1420000 | 0.020 |
1 | 1250000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 620680 | 3 |
0.026 | 1283889 | 4 |
0.027 | 619208 | 2 |
0.028 | 381211 | 4 |
0.029 | 1187251 | 4 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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