at its lowest in 52 days, page-17

yes Arc are not valued well, not when compared to the various broker valuations that are saying it should be anything from 1.60 - $2.

for such a strong cashflow generating company hindered by its write offs and hedges, i'm sure those things wouldn't be much of a problem for a larger company wanting to buy strong producing assets with great appraisal potential.

The best defence against this is a higher shareprice, something Arc is struggling to achieve on its own. I suspect if they can't get it up, they will be gobbled sooner rather than later.