Great post. I stickied it for you BeamMeUpScotty. We are just at the beginning of PPS recovery. FELPU is going much higher. Anything under $2 is a great deal IMO.
My DD Post - Worth Reading To Understand The Fundamental Value Proposition Here.
Also please remember that the company is renegotiating it’s financing and has a deadline of the end of December,
With such huge coal reserves as leverage and having restructured its debt before they understand what they’re doing.
Remember that with the huge sums of cash that they have on hand which are equivalent to $1.00 cash per share, the company has a net asset value (assets - liabilities) of $6.17 per share.
Also remember that a Wall St analyst recently stated that he thought fair value for the company at this stage of renegotiations was over $3.00 per share.
The company is seeking financing to re-open it’s largest mine which it wants to incorporate into its current borrowing costs.
Remember that the company also has $900m in revenues annually!