Post by
lifeisgood1010 on Jun 30, 2023 2:16pm
Stelco IR and 1 billion$ in cash
2 days ago i wrote to Stelco investor relations for a simple info.
Never got an answer so yesterday, i wrote again.
Guess what, still no answer.
This am. i wrote for a 3rd time and still no answer.
My question did not have any non disclosure elements to it.
So either the guy in charge of investor relations does care to reply to shareholders questions
or is on vacation and nobody is there to do is job or something is going on with the company.
I hope it's the 3rd option.
Stelco should close Q2 with close to 1 billion in cash.
Could it be that Fairfax and Alan want to privatize Stelco or will they
do another major SIB?
Between the two of them, they have 39.3% of the company.
Since dec. 2021, they bought back 29% of the outstanding shares.
We should find out soon enought.Stelco will be reporting around august 12th and should add
something like 150 million to the kitty.