I will consider a reentry when the following happen, 1. The iron ore sale agreement is completed and they know what revenue will come long term from this side of the business. 2. The plant is commissioned and all process work together which along with production more important will give them an accurate idea of their cost structures to produce. 3. After costs are know and they establish the sales contracts this company can produce some accurate cash flow models for future sustainability including all debt obligations.
Until then I am on the side lines watching, I took a loss on this project so I am not gloating about this and hopefully they turn this company around so others get their capital back or at least stem the losses.
Best of luck to everyone still in.
ATI Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held