Why isnt ATH buyingback its own notes in the past few monthsCan someone please give me a reason? their notes are trading for around 85 percent as of last few days, yes those guys dont buy any of it, dont buy any stock and wait for some imaginery REFI, while having 200 milion in cash on its hands? Seriously, seeing recent BTE refi, I dont know for what those guys are waiting for...they arent getting a better deal then their own notes on the free market. from their own presentation:
"Athabasca may redeem the 2022 Notes at the following specified redemption prices: • February 24, 2019 to February 23, 2020 - 104.9% of principal • February 24, 2020 to February 23, 2021 - 102.5% of principal •
February 24, 2021 to maturity - 100% of principal "
The lesser your debt is, the better REFI deal you can get, the market served them excelent deal to reduce a debt since 2H of 2019, yet they contemplate, then fill some nonsense buyback form, when nobody from highly paid insiders is buying anything at all....the debt REFI is in the front of of us on the open market and you do nothing? why?
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