We all know??? that company employees can only buy within a...

We all know???

that company employees can only buy within a window of time after financial reports are made public.
Otherwise its insider INFO.

DUH????

The longer nothing happens -Moly-Cop and ALTA STEEL's long forgotten ARC furnace keep cranking in the dosh for the same reason Sydney's is-Scrap Costs falling faster than the steel price.
$20m or so a month,Call it $10m PLUS free cash a month above total US$ interest and Sth American expansion costs,most of it in US$.
Less $US60m debt due in July since gone gives a handy $50m accrued in the last 6 Months.
So does CASH get generated from the Sydney ARC furnace and likely the Melbourne one as well now Scrap costs are dropping quicker than the steel price has,upping margins and returns there.

That just leaves Whyalla blast furnace -ONLY HALF of ARI's Global steel production exposed to the negative pricing impact of falling steel prices,being bolstered by a falling Aussie dollar input costs rather than US$ of its Import competitors.It's falls in its product lines wouldn't have been as dramatic as sheet/coil steel,so possibly in a better relative position than BSL one would expect.
Making the steel is only the front end part of the business-The margins are in the converted products made and value added and that hasn't been hit at all.
In fact demand is UP,along with GOVT's infrastructure spend in a worsening world as GOVT's always do to keep workers employed-SO VERY VERY VERY POSITIVE for steel that now has to meet AUSSIE STANDARDS as Steel products with preference in many states now given to AUSSIE MADE and the only maker of much of it is ARI.
Mining will still show some Cash from exporting ore thru to December as well.Neutral to positive Cash Flow expected before Capital and SI and restructuring Costs.It all helps.
So will still be cash drawing until SI contracts exited,but not as much as many expected.

ALL the while the AUSSIE dollar goes down and any negative AUSSIE Cash Flow reduces in US$ terms,the company's major source of income,along with its AUSSIE debt in comparable $US.
$100-$120m a year from Moly-Cop will take care of mining Cash Flow until those contracts are gone.

Moly-Cops surplus cash generated probably enough to meet SI and Mining Cash outgoings on its own for the next year or two.
That means the upside from steel will be uncommitted going forward,JUST AS SI and MBR and WHYALLA restructuring costs deminish along with production costs going forward.

Once this speed bumps over,the next 6 months are looking better than ever at lower ongoing business cost of steel and mining production going forward and a more stable local steel market for ARI.

DYOR + DYODD That of course assumes ARI hasn't freed up any EXTRA AUSSIE CASH by upping stock turn/reducing stocks and diminishing sites or selling land or getting a bit of extra from land rents,or use or STEEL PROFITS. Suspect Sydney stock turn is up,if not Melbourne as well.
Note - ARI has registered a New company to hold its Port side INDUSTRIAL land in Sydney.
There are TWO very important parts of ARI most have not considered.
The US ONLY INCOME-----Moly-Cop plus sales of IO
The AUSSIE $ STEEL INCOME AND AUSSIE $ ONLY MINING EXPENSES. -Even if they increase Aussie borrowing,which I would suspect they will max out and keep funds overseas which the Annual account said was happening, for every $80m US they keep out of the country they have in the last 6 months obtained $AU10m in exchange rate shift bonus.If they have added $100mAU to Aussie debt instead of that being worth $80m US then,it is now worth $70mUS and could soon be down as far as $60m US,if exchange rates fall further-----THAT's DOWN 25%
There is a significant CROSS PLAY possible here,when the exchange rate falls further to 60c including the Australian debt being worth only three quarters of what it was 12 months ago.
That's when you draw down fully your US$ facilities and reap the easy Aussie debt reduction rewards as well as start bringing profits home to Aussie to pay down local debt.
Ari's given themselves 2 years until next US$ debt due.By then all being well all Aussie Debt could be eliminated or only worth 3/4 of what it is today in $US and MOLY-COP will have the US$ Cash Flow grown to pay down US$ debt in a very orderly fashion at $US100m plus a year.