Keep in mind ARI's ore will get a slight discount to 62% benchmark price - so expect bit less than average price $US58 for quarter - agree with others that if we get about neutral cashflow & ongoing progress on cost cutting that will be well received.
Iron ore division is important, but the big game is the mining consumables division & specifically the strategic review underway - expect we'll hear back on this on or before the August results - could be chance to significantly reduce debt or spin off some further non-core smaller assets to trim debt.
August is the month.
ARI Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
