Algoma Steel Group Ord Shs T.ASTL

Alternate Symbol(s): ASTL | ASTLW | T.ASTL.WT

Steel Steel Materials

Algoma Steel Group Inc. is a Canada-based integrated producer of hot and cold rolled steel products including sheet and plate. The Company delivers responsive, customer-driven product solutions for applications in the automotive, construction, energy, defense, and manufacturing sectors. It is a key supplier of steel products to customers in North America and is the producer of discrete plate products in Canada. Its plate products include AR225, Heat Treated Plate, AlgoLaser, AlgoGrip and The Heavies. Its sheet products include Hot Rolled Sheet - DSPC, Hot Rolled Sheet - 106'' Mill, AR200, Cold Rolled and Floor Plate. The Company has a raw steel production capacity of an estimated 2.8 million tons per year. Its Direct Strip Production Complex is a thin slab caster coupled with direct hot rolling in North America. In addition, its heat-treated plate facility provides a full range of heat-treated products for abrasion resistant, ballistic and other specialty plate applications.

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Algoma Steel Group Ord Shs > Earnings

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Comment by Puma1backon Nov 25, 2021 6:49am

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Post# 34164382

RE:RE:RE:RE:RE:Earnings

Note 22 of the financials shows the 72 million or so.

note 29 - discusses the earn out additional shares of 37 million - which it seems is all but certain to be hit.

note 29 also discusses the 10 million pipe shares but I have to agree with you this part is confusing. The pipe agreement was signed in May but it looks like the shares were not issued by Legato until closing, which was in October.

the 112 million issued shown on some site - like Stockwatch - would be the 72 million plus the 37 million earn outs and presumably some fully diluted warrants imo.

Stocker46 wrote: Read their MD&A and listened to the CC.

A question regarding the share count was asked.

Still a lttle confusing but (if I'm interpreting correctly) the count will be the 112 M .. when the dust settles. (not positive whether the 10M PIPE shares should be added as well)