OTCPK:STZHF - Post by User
Post by
extremeriskon Sep 17, 2019 3:23pm
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Post# 30136866
$300 million debt raise
$300 million debt raiseStelco has buyback in place but have not executed on it yet. With new $300 million in cash raised just now suspect this is coming now. Extrememly cheap valuation now. Float is 31 million shares at 12.50 gives you $387 million. They reported cash of $477 after last call. That gives them $777 cash to work with. Not bad
Cycle bottomed and cycling up now so I would buy back now at the bottom of the cycle. US interest rates should be going down again this week.