Algoma Steel Group Ord Shs T.ASTL

Share repurchases

[Buyreallow]

With their NCIB and SIB repurchases Algoma has reduced their shares o//s by over 30%and will soon have less than 100 million o/s.  Sp has fallen. From 15.00 levvelince March 22 NCIB.  Time to retrace.   Have half a bucket full of those $11.50 warrants.

[lifeisgood1010]

If my calculations are correct, there are 4,034,227 share still available undre the current NCIB. So yes once completed, the outstanding shares will be close to 100 million. Quite amazing and the company as ZERO LT DEBT. When the next up cycle in steel prices starts, this company will generate huge EPS. When will the next up cycle begin,i have no idee but it will happen. Just bought 1/10 of

[Buyreallow]

Steel prices, particularly rebar, have already started to rebound.  As China opens up, expect all steel prices to improved markedly in the not too distance future.