RE:RE:RE:RE:RE:BNN - John Zechner - ARX - Top Pick - Market Calli would direct you to page 22 + 23 of the latest presenation. The reason that a decision on ATTA is delatyed is because ARX needs to pay down more debt. that's page 22. Page 23 shows that ATTA doesn't start earning FCF until 2024. That's if the project gets the go ahead. ARX will need to invest $600m of capital to get that free cash flow "flowing".
I would be astonished if they bought back a single, share given their balance sheet, and the ATTA cash needs going forward. The dividend will get token increases I suppose.
Beakr123 wrote: Well it definitely isnt bad uncut. Most of what you are saying is an assumption and therefor incorrect at this time. The latest presentation contradicts what you state will happen. Although likely, ATTA still has not been approved by the board yet. The presentation also mentions divi increases and an NCIB. More clarity on these subjects will be available in the coming months which will solidify ARC's plan moving forward.