RE:RE:RE:RE:Boooo Some of us are also skeptical that the new management will follow a different "pathe" from the old self enriching cabal . The massive package they felt entitled to in mar22 qtr, despite the massive drop in the stock price, makes one skeptical lowly common shareholders will ever benefit after debtors and management take their "share". But at 1X EBITDA, I don't know how it can stay this cheap. Oh yeah, that's 1X ebitda for last june22, QUARTER! Yeah,yeah I'm using mkt cap to ebitda to exaggerate my point, but even if I throw $400 mm debt in to equal EV of 500mm, with a quarterly ebitda of $100mm last quarter that's still, annualized, EV/ebitda of 1.25X. Stupid cheap.
mas7575 wrote: I agree with you.
I keep trying to see why SP is being held this low, even with the stars aligning for continued increase in CF (and hopefully extended profitability as well).
Maybe the market is still taking a wait and see attitude, if they think that the increased CF will simply go to retiring bonds and debt? To me this is a big positive for LT prospects of the company, but there is always the possibility that Ni and Cobalt prices drop before any makes its way to SHs.
Just throwing ideas around, as the current SP really doesn't make sense to me...
perhaps if the company can show progress on the expansion plan, and balance this with the balance sheet clean up without breaking the bank it might bring sustained interest.
or a divvy out of positive CF might do the trick (right, Rkhosla?).
any other thoughts on this?
cheers,
mas75