RE:Would debt be rolled over?Hi Nothing Matters,
ATH has a debt maturing in February 2022 in the amount of $USD $450 Million. Even though the debt will not mature in over 12 months, there is speculation that it will be renewed sooner given the yields in the bond market are low at the moment. ATH also has the right to early renew the debt next later next month. The debt has had a SIGNIFICANT overhang on the share price, if the debt were to be rolled over at good rates for another 5 years, the prospect for ATH will improve instantaneously and some have speculated that share price could rise over $1 level if the WTI oil price is above $60 and WCS is at $50...ATH has vast oil reserves and the cost of extracting these reserves is low given that oil sands capital intensive costs are in place at start of the project...
So when you look at it, there is only 1 significant catalyst left for ATH to overcome, which is the debt rollover, WTI is performing well and we are now in a decade low supply deficit with the oil market. There is speculation that WTI could hit $75 per barrel given that government policies are killing all new investments in the oil sector...to finish off, the hype with EV sector will pass, as there is not enough COBALT in the world to power the Planet....there is only one source of energy that the World can rely on and this is oil,,,it is not favoured currently but facts dont change....to power the world on a daily basis OIL is need for decades to come...imo!!!
see below presentation from ATH
https://www.atha.com/uploads/presentation/2021-01-05_AOC_IR_Deck_Jan_2021.pdf
regards, Rexrex