Bluescope, BSL, was dumped to 25c, equivalent $1.50 two years ago, then bounced to $6.60, currently trades at $5.60
Arrium/One Steel, currently hit new multiyear low, it is very likely to recover some.
Thats probably why UBS already bought $180m ARI @48c, plus incoming underwritten of retailers entitlement.
ARIR trading over 0.7c is also a good sign.
to-be chair load another 250k shares on-market is a good indicator.
I expect ARI to bounce Monday.
ARI Price at posting:
37.5¢ Sentiment: Buy Disclosure: Not Held