riski wrote: LOL. I've seen some good stuff from you, Manitoba, but this really decreases your credibility. Starting up some buyout rumour/speculation is the sign of a desperate shareholder. If I were you, I would take 0.78 and get out if that's what you want to do.
A $1.20 buyout (bailout) is not coming. Deals in the last year have been all share deals at market price. Someone would have to be willing to take on this debt and get a refinance in order quickly. It's a lot to ask the adminstrative staff to take on a new company with all its assets/liabilities as well as get a refinance done in short order. Most companies don't have the bandwidth for their own operations.
The refinance should get done, but it's starting to cut it really close raising a lot of concern about what terms they are going to be forced to accept. If they have to use all of their freed up cash, that is going to be poison for the share price as it implies that they didn't have a single bank willing to refinance on even at even a high rate and had to give up all their financial flexibility to renew the term. Flexibility they have after selling their soul in the pipeline capacity deal to a yet unnamed counterparty, likely MEG.
MEG could have been a suitor for ATH. It would make sense on some level, but now that MEG has their pipeline capacity, there is likely much less desire to take on ATH.
ManitobaCanuck wrote: Any guesses on the takeout price .
1.2$ , 1.5 $ , 1.75$ , 2$ or something like 5$