that is over 12 million right ? is that the past ? or if, then why is it the future ?
the company says cash flow positive this year what value would it be for them to have it go bankrupt ?
they are not junkyards besides can sell off the locations it does not need a link link between these two will make walmart shake ratttle and roll !!1
Because the Company`s review of the incident and its impact on operations is in the early stages, the Company has not established a timeline for resuming production in the two idled pot lines. Accordingly, the Company is taking steps to move to a one pot line operation and to adjust staffing and other activities to match this lower level of production at the smelter. The Company is also reviewing the impact to alumina production at its refinery in Gramercy, Louisiana and its bauxite mining operation in St. Ann, Jamaica.
No estimates are available at this time regarding the financial impact of the incident. However, the Company anticipates a substantial portion of costs and damages resulting from the incident will be covered by property and business interruption insurance.
Sentiment: Strong Buy
maybe not aa closed over 4% cenx up18% cstm up 14% kalu up 3% norn 0 % if they report cash flow positive
in March and with the cuts and insurance money coming and smiths pay cut.---- Moody downgrade riteaid years ago and they never file bankruptcy sometimes management has to be less greedy in times of stress
see if yo can buy a 100,000 shares at 30 cents a share the power savings of 25 million a year will be worthless in bankruptcy they should sell equity and raise 20, million all they got to do is go to Blackstone and steve will swap the money for equity with some of the 600 million dollars he made last for being a smart guy
who cares about american smelters any more them Apollo guys are very smart they know how to rape a business, is it hunting season yet for directors !
Noranda to the mooooon Kip Smith takes pay reduction to $1 a year the Board loves it and takes a cut as well, all, for the good of the company and its employees and of course its loyal shareholders Donald Trump says Apollo are paper pushers and do not care to make America Great again. but Kip Smith will do the honorable thing and stay out of bankruptcy no major debt due until 2019 but Aluminum prices will be higher
bargain of a life time way the go KIP!!
Sentiment: Strong Buy
kip said on the cc that noranda would be one of only 4 smelters left in the US
bankruptcy will happen because there are bullets in that revolver
oh oh no questions on the CC !! less then 9 million$ left Alu prices may low this is a bankrupt company, they will pay higher interests rates the share holders are screwed but the reorganized NORanda will have a new life
BUT NO , NOT NORANDA it goes down do u hear Kip Smith ? the reverse split was to get us to $5 what happen? better sell more alumina to China .. cut more costs,, like your pay, Kip you will be sorry if Noranda files bankruptcy
do you ever really know? Apollo made a lot of money with noranda now that they out and less then two months time, look at where noranda is now?. Maybe Noranda will be bought out but not at the price that Apollo sold at . If the dollar stays strong, Aluminium will stay weak. if interests rates raise that will support a still a stronger dollar, Aluminum production is high all over the world it is hard to cut production when you have debt to pay. Apollo took millions in dividends and stock sales. Noranda should of stop dividends years ago but 4 members of the board of directors from Apollo. They are smart people and wanted to get out of Noranda before bankruptcy which could before 2019. Think about it the new electric rate expires after 3 years. at this time there are not enough insiders buying the stock and Kip Smith did not buy enough, he is the leader and has to show he supports the team .
bankruptcy == boom .10 cents --buy out lucky to to get a dollar, boy , those Apollo guys are real smart how they know that explosion was going to happen makes you wonder. can't get your price destroy the factory