Athabasca Oil Corp T.ATH

Niovember 1, 2023

[MLEWICKIMBA]

1. It is going to be interesting to see the cash balance of ATH on that release.

2, It is going to be interesting see the share count and buybacks to date.

3. The same day at 2:00pm Jerome Powell gives his last speech and rate decision.


If they do not retire any debt in October the cash balance and liquidy is UP UP UP.

Enjoy the turkey today.

[vwbusman]

My assumption is the cash balance will look very good but I think the share count won't really have decreased that much due to shareholder options and performance awards.  This should be more in the rearview mirror after Q3.  Q4 should really see meaningful share count reduction as it will be the first quarter with no debt to service.   Lets hope WTI stays at least around

[MLEWICKIMBA]

Yes it's true the remaining warrants might have been exercised. 65.04 WCS today. Chipping away at all metrics.

[Sugaree]

I am confused, I thought the nightmare of option/warrants was taken care of last quarter or the one before. That huge millions $ set aside to buy them all out, no? Can anyone provide clarity on this issue?? 

[MLEWICKIMBA]

I think July 31, 2023 still 22M Warrants Outstanding at a strike price of 0.94 CAD. My guess is they will be all gone soon and 2024 will be another year of 30M++ shares  bought back and retired. Still pretty good.   We have to let ATH Management do their stuff.  As they are very entrepreneurial we could see soon the following: 1. Announcement on expansion of Lesimer to 28K