RE:RE:RE:RE:RE:Upsizing of Initial Public Offering to $150 MillionBetting your retirement on anything Canadians should be considered in the context that JT Adolf Stalin now requires QR codes, injected $20 for every $ of lost covid economic activity. Some one will have to pay. Get your money out of Canada ASAP if want any retirement. India investing another CAD 35 BN in refineries....O&G not going anywhere and Canada has no hope of competing with the world when everyone poorly educated, low performers, govt sunsidized, and 10,000+ km from 5 BN end users.
fauxtomato wrote: I was hoping they'd retire that with the Pioneer proceeds. Given the escalating rate on that loan it's the most sensible use of the proceeds.
that's $7m in additional DCF just from $100M of those proceeds. Add in another $80M of credit line repayment and it goes a long way towards recouping the lost EBITDA of the ~30% of LCFS sold to others. Really creating money out of nowhere here.
The projection of $150M runrate EBITDA for LCFS once the diesel project is complete is compelling on a spreadsheet. But it will take a dividend or selling more shares for that cash to flow to TWM. Maybe we get a pop on FID announcement.