watch this over the next few weeks imho

  1. 7,519 Posts.
    lightbulb Created with Sketch. 381

    Wait for a re-capitalisation which I am sure will occur. This is exactly the same situation Burns Philp got themselves into a few years ago. Company issued a preference share to re-capitalise and save interest costs and get the banks off their backs. Company share price has never looked back and assuming GMF goes well will continue its rise over the next few years.

    Results in interest rate dropping and the addition of the $7m of bank work out fees to cash flow.

    ARL is like buying BPC 4 years ago and that was almost a 10 bagger if you bought at the bottom.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.