ARI 0.00% 2.2¢ a.c.n. 004 410 833 limited

When can trading restart?, page-2

  1. 363 Posts.
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    Won't trade while ever it is in voluntary adminstration. And while that can be up to 28th of February 2017, it most likely will star trading again after Molycop is sold off, and the banks have agreed to some debt write off. Hopefully thus will be temporary. I'd it involves debt to equity conversion, existing shareholders will see the remaining value of their shares (2.2 cents) be wiped out. There will be a clearly picture around mud august. I would be tempted to say late August/ early September is when it is trading again. That is provided it is a solvent company. This depends on Whyalla being back to profit (and no closure of it) and Molycop being sold for a good price. Let's hope it is $1.60 to $1.70 billion this time. If less than $1.50 billion then shareholders have no chance getting money back.
 
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