posted June 21, 2022 11:18 am by Stocker46
(132)
Can't see many investors willing to sell at less than $10 US .. but who knows in this uncertain market. Obviously Algoma will want to buy low & share holders will want to sell high
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posted June 21, 2022 10:15 am by Eigen337
(4176)
Let us NOT FORGET that the VAST MAJORITY of these TENDERED SIB AUCTION shares will be HELD by SOPHISTICATED INSTITUTIONAL INVESTORS {principally the EARNOUT shares???} who are VERY GOOD at PROCESSING
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posted June 21, 2022 10:13 am by Buyreallow
(69)
Guess it just depends on how badly they want to repurchase the shares.
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posted June 21, 2022 10:00 am by Eigen337
(4176)
They are REALLY CUTTING IT THIN !!!???!!! IPCO did the SAME thing and they were FORCED to RAISE AUCTION PRICE RANGE !!! I was 'EXPECTING' more like BETWEEN USD 10 and USD 12 per ASTL share !
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posted June 21, 2022 08:26 am by Buyreallow
(69)
The bid will be in a range of $11.33 to $13.28 Canadian dollars. Last traed $12.44 Cdn. Consensus price targets by analysts is $17.00/
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posted June 17, 2022 05:24 pm by TrevorAbes
(117)
https://themarketherald.ca/algoma-steel-provides-community-update-regarding-spill-2-2022-06-17/
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posted June 17, 2022 08:49 am by churchofnutsacc
(67)
And a little more on the oil spill cleanup
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posted June 16, 2022 03:22 pm by Eigen337
(4176)
Algoma Steel Group Outperform Rating Reiterated at BMO Capital Markets Following Fiscal Q4 Results 16 Jun 2022 11:14 ET 11:14 AM EDT, 06
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posted June 15, 2022 02:10 pm by Eigen337
(4176)
EAF steel making is STILL TWO (2) years AWAY !!!???!!! This means TWO MORE annual coal contracts including the present RENEWAL of C$ 100 per ton HIGHER !!! PLATE steel prices are at a C$ 650 per ton
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posted June 15, 2022 01:11 pm by Buyreallow
(69)
But as theIr EAF furnaces come online, the need for coal will be reduced. And the pic of hot rolled steel is near record high levels.
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posted June 15, 2022 01:00 pm by Eigen337
(4176)
...COAL CONTRACT RENEWAL PRICING !!! ASTL used ROUGHLY 1,200,000 tons of COAL in FY 2022 !!!???!!! That means that the COST of coal will be ~ C$ 120 million higher in FY 2023 if they produce the
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posted June 15, 2022 12:34 pm by Eigen337
(4176)
EAF CAPEX: C $ 700 million 8 to 9 % ALREADY SPENT in Q4/2022 !!! 50 to 60 % will be EXPENSED in FY 2023 {April 1, 2022 to March 31, 2023} !!! 60 to 65% of EAF CAPEX has been FIXED PRICE CONTRACTED
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posted June 15, 2022 12:17 pm by Eigen337
(4176)
...SUBSTANTIAL RETURN TO CAPITAL to ASTL shareholders !!! CIB = Canada Infrastructure Bank So the CIB uses the 1/3 NEGATION formula !!! Shareholders returns ABOVE $ 660 million will mean that
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posted June 15, 2022 10:27 am by Eigen337
(4176)
I 'IMAGINE' that these BONDHOLDERS etc. will be EAGER to PARTICIPATE in the SIB AUCTION and MONETIZE their PREVIOUS BOND HOLDINGS !!!???!!! So they are going to SHARPEN THEIR PENCILS and TRY
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posted June 15, 2022 09:53 am by Eigen337
(4176)
That was 'ASSUMING' that the share price was the CLOSE of USD 7.90 !!! Of course, ASTL shareholders will SUBMIT SIB OFFERS MUCH HIGHER than that !!!???!!! So the management was INDEED
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posted June 15, 2022 09:39 am by Eigen337
(4176)
ASTL(ALGOMA STEEL GROUP) Real-time $9.60 Bid: $9.60 Ask: $9.63
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posted June 15, 2022 09:25 am by rationalexuberance
(8)
I think you're generally on the right track that a very large portion of the shares outstanding will be wiped out with the SIB, but as the price moves up, the # of shares bought will obviously
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