RE:Fiscal 3rd QuarterA big chunk of the cash decrease went into inventory and to cap project.
HRC price are on the rise since the low of dec.
In an inflatonary environment, you want to be invested in hard producing assets.
Trading at a 20% discount to it's book value ($14.19) and more importantly to it's peers,
we will see price appreciation to the SP of Algoma.
The new CEO seems to be a staight shooter.
Staying long