The stock is currently in the 10s. If a buyout happens in the next couple of weeks you would be lucky to get 15. Your high if you think someone is going to offer double or triple the current stock price.
There is probably 100 different things that could have killed this deal as it never seemed to make much fiscal sense to open it again.
Looks at the table in the earnings release. With these IO prices they will be selling in the mid $70's/mt.
Until he can prove it, don't believe the 40% recovery rate. I could believe a 40% recovery rate once an account is deliquent, but once it hits default I don't think the company recovers much after that.
You always fail to mention the loss they are expecting to take on the financial side, which by the way is close to the profit on the retail side.
For Bloom Lake to be profitable for Champion, what prices do they need seaborne iron ore prices to be? Shipping must be $15-20/ton, railway freight ?/ton, mining expense ?/ton.
Marine traffic is a pretty cool app. If they start commercial operations and run at full steam ahead I assume they need to make a shipment every 7-10 days. What ship do they have other then Creole Spirit?
Creole Spirit was off the coast of Miami about a day ago, so it looks like it's heading in the right direction.