Post by
BLACKJACK86 on Jul 28, 2022 9:42pm
the royalties are a big drag
they paid 61 millions in royalty for the last quarter and 99.8 millions for the last 6 months......ouchhhhhhh
that compare to 6.6 millions for q1 2021 and 10.6 millions for the first 6 month of 2021.
cost of diluant almost double at 123 millions versus 71 millions in same quarter of last year
they did have NET income of 8 cents for the quarter ,at least.
So yes ,those hedge are a BIG drag ,they need to avoid them as much as possible.
all numbers taken from sedar site
Comment by
Deutz9170 on Jul 28, 2022 11:19pm
Look at how much their losing by not hedging oil at 120. Every five dollars affects cash flow by five million dollars??They could of guaranteed a full years guidance. What is that worth?
Comment by
cahclick on Jul 29, 2022 9:27am
When ATH was paying $6.6 million in royalties in 2021 Q1, I was paying 15 cents for ATH shares. ATH and I were both standing on the ledge of financial demise. No offense but I have no desire to go back there. GO ATH GO glta
Comment by
ManitobaCanuck on Jul 29, 2022 1:24pm
I did beat Nutsac , If you remember back and see my posts I took up a personal and corp LoC to max up with Athabasca ,CVE ,Suncor and Baytex. Time to buy a Carribean island soon :))