and the company trades at 10X as a whole. The shorts are going to love this ammunition. Now maybe that piece was not under pressure because of captive customers in which case I'd still argue it sold too cheap. Plus the 90M of EBITDA it was generating will put pressure on covenants in the future. In the front years it alleviates pressure because they get to count the 120M of gain as EBITDA per their covenants. Unfortunately next year that is gone and so is the 90 they would have had from these mines. In some ways I could make the argument this sale actually is pushing them further into the debt covenant breach corner not providing breathing room. We will see I want to buy this stock at 1 dollar.
I love the way big money can send these dopes on here to spin the news the direction they are headed. If big money wanted people to buy the top they would have these dopes saying what a great move this was by ACI in solidifying their cash position and focusing on their better performing assets. Pay no attention to the cost cutting measures by ACI. Pay no attention to the upward trend for NG. News means so little when big money is pushing the share price down. #$%$...trapping margin traders...reality means nothing to these #$%$. They must have no conscience and probably sleep great at night.