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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Chemicals Specialty Chemicals


TSX:CUS.DB.D - Post by User

CANEXUS CORP 6.5 PCT DEBS > NATO Sale is a positive - we'll see what the market says
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Post by ocean112on Jun 04, 2015 10:06pm
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Post# 23799226

NATO Sale is a positive - we'll see what the market says

NATO Sale is a positive - we'll see what the market says

Had they held NATO to end of 2015 - the would have drained cashflow and were at risk of hitting thier debt convenant - so yes - they lose significant value for the asset (congrats to Cenovus for picking it up on the cheap) - but they are now able to pay down debt and refoucs with very stable assets. 
 

According to CIBC - stub values - sale of NATO at $75M with say $250M for Chlor Alk = approx. $2.30 share price.

I'm guessing we should see a pop tomorrow since market was valuing NATO at $50M...the extra $25M helps.

 

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