I know since January the Australian dollar has gone up in value almost 6%.
Also the Iron Ore price has gone down from it's highs in January over 25%.
Both are extremely negative to ARI's bottom line!
I take it that the reason why your post is so emotional and without any substance is because you agree with me!
With regard to mines and assets being used up and closing down forever, I really can't see the argument that this some how should not been seen as an expense.
The company itself regards it as an expense, the government does and you can be absolutely sure that the market does!
ARI Price at posting:
96.5¢ Sentiment: ST Sell Disclosure: Not Held
