The best thing for ARC would be an attempted Take-Over (and I say Attempted).
The time-frame required to meet all the required legal hurdles and to convince the market that the price is fair would most certainly be longer than at least a completed test of Stokes Bay and perhaps the somewhat possible Dead-Cat-Bounce that this market should experience in the near term.
Given those two possibilities she may get herself off the canvas.
On the other hand (taking Stokes Bay out of the equation) she might still find something quite spectacular which could also save her butt. Only time will tell, and how much time, well that really is the big unknown.
All the same any attention, wanted or unwanted will be good for her.
The MI
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held