To lay my cards down, I have $15k at 5.7cents average. Its even tempting to sell and get 40% back. Yet, I'm hoping that either another outcome occurs (your 1 or 2 above) OR the GSO deal will eventually get the company on an even keel and the SP will rise without the uncertainty we currently face.
One thing in this whole mess that doesn't make sense to me is the Australian Govt support of Whyalla, and not wanting to lose the industry, but then sitting back and possibly letting an American vulture fund take so much control. How is that supporting Australian Steel?
10 days......I was checking the SP every 10 minutes.......now its daily. Dead calm.
ARI Price at posting:
2.3¢ Sentiment: None Disclosure: Held
