Post by
filefish on Jul 25, 2024 4:26pm
Todays share price action
ATH's operational results were great, but I think the market was looking for a dent in the term loan debt balance and not so much emphasis on tuture plans for production increases. At least at this point in time. Share buybacks, without the options overhang were significant, but IMHO, that debt balance looms large, at least in the minds of long time holders. Hence, what should have been an up day for ATH, was a disappointing one.
Comment by
cahclick on Jul 25, 2024 5:58pm
re your comment on debt repayment: I thought I read in the past that one of the terms of the refi deal was that the debt could not be repaid in full prior to Oct 01, 2024 without penalty. Another term made a certain amount of Hedging mandatory. Anyone here able to confirm these two points ?
Comment by
woodsmen on Jul 25, 2024 6:15pm
I am not sure on the debt repayment rules of October 1st, but I believe roughly 25% of there rolling 12 month production is or was being hedged in accordance with the refinance.