Stelco Holdings Inc T.STLC

Land Sale

[Blueswin]

A quick question has Stelco announced what they were going to do with their excess land?

[Tothemoon2]

Alexander Jackson Thanks, guys. And maybe on that I'll just ask one more on the land there's an article I think in the Hamilton spectator about your land and the potential sale that was progressing. I was wondering if there's anything you comment on that or when we might hear an update on potential land sale. Alan Kestenbaum I mean, these things tend to leak in the press. I mean,

[Tothemoon2]

The article states that Slate asset management will be the new owner and Alan Kestembaum didn't deny what was published.  The question is for how much.

[Tothemoon2]

Now we know.

[extremerisk]

Way way to low.  Lake front property selling for 0.6 million per acre in a red hot real estate market is way to low.  Who is the buyer of this land.  Need to do some DD.  Are they related to kestenbaum??

[extremerisk]

Did they get three independent bids and is this the best they could get???

[Duke16]

Regardless of price, this equates to $7.20 per share in cash that is now available. Nice to see a small jump in share price yesterday, but the company now has roughly $20/share in cash on hand, virtually no debt and making record profits quarter after quarter. At what point does the share price start to recognize the true value of this company? What will be the catalyst for the shares to move