What terrible ramping.
A condition of the debt is that any change of control and it has to be paid in full. It's a great way of preventing a takeover, very defensive. So say you buy all the share and options for $500m you still need another $450m for the debt.
Not so attractive now, the corpse of atlas.
up 25% from its recent low: Is iron ore in a “bull market”, page-15
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