Many investors are so short-sighted that they are unable to read a cash flow report. Even in Q2 when the fire occurred and impacted negatively ASTL's production and revenue, ASTL ended up generating positive operating cash flow before changes in non-cash working capital.
According to the cash flow report, ASTL generated C$72 million in operating cash flow before changes in non-cash working capital:
https://ir.algoma.com/news-releases/news-release-details/algoma-steel-group-reports-fiscal-2023-second-quarter-results#:~:text=Second%2Dquarter%20revenue%20totaled%20%24599.2,%2C%20down%2019.9%25%20from%20%241%2C720.
Not to mention that many are even unable to realize that the fire is a non-recurring event and does not happen every quarter.
Many do not even see that ASTL is profitable and does not have any debt problems because its net cash position is about C$365 million.
Many do not even know another tailwind for ASTL. Stelco's CEO said a few months ago that the bottom in steel prices was in July and the steel prices have stabilized and demand has returned since August:
https://www.bnnbloomberg.ca/ceo-who-dubbed-steel-market-a-falling-knife-is-calling-a-bottom-1.1809505
"Things are going to stay steady as we get to the end of the year and I don't see any further breakdown in price".