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  1. 71 Posts.
    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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