Previous management was culprit no doubt. According to KM's data after Moly-cop sale and present profit forecast with rising IO and steel price EBITDA is around 500 million and debt around 1.2 Billion which indicates it is very possible to pay the debt within next 4 years.
KM please show us Arrium's (Onesteel) recent financial report. What a disgraceful decision it was KM doesn't need to provide any financial report for unlimited time ( end of 2018 is similar to unlimited time). An investigation required how it possible. ASIC should know that shareholders not only invest in Arrium by buying shares they also providing fund time to time in different ways like right shares ...................................
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
