I think they should pay off debt and build up a war chest, as raising more debt may be hard with the issues in China and the world deteriorating.
With the lag they may have two more quarters of high pricing, if this lasts til March.
If the EBITDA is around $1 billion for last quarter, and we have another two quarters around $0.8B, should that be enough to pay off the debt?
Then cash build up to withstand any downturn.
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