Hi Shifty, that ABC radio clip you heard is one of several media...

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18/05/17

13:17

Post #: 24769299
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Originally posted by shifty1 ↑

As a LTH of ARI, i've been sitting quiet and patient on the outcome of Arrium. (my patience is running thin atm)

With the sale of Molycop those funds would've been used to reduce debt to creditors ie; banks.

It's about time KM come clean and reveal the true position of ARI.

What's the real amount owed to the banks?

KM like most firms in this position are seemingly on a gravy train.

With forward book orders for Onesteel, ARC and the like, it seems to me that ARI could very well trade out of it's
current situation. We are on the verge of Australia's biggest infrastructure boom why would you sell now?

My calculations ARI are on track to make between $350 - $400 million profit this financial year, which could go
a long way to pay down debt.

Heard a comment on ABC radio this morning, that a leading CEO from Canada went on the record saying that he would run ARI for nothing, as he sees potential that ARI could continue without being sold.

I think it's time for shareholders to revolt and take back the company and relist on disallowed.

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Hi Shifty, that ABC radio clip you heard is one of several media stories being run by ABC News on different outlets today and this evening featuring Arrium Shareholders United's (ASU) efforts to prevent the sale of Arrium Australia to an overseas buyer.

You are very welcome to join our Group

http://arrium-asu.wixsite.com/fight-for-justice

ARI Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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Hi Shifty, that ABC radio clip you heard is one of several media...

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