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
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 !
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
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