IMO AC has been taking the lower risk and believe it or not lower cost strategy with the project.
This could well turn out to be a wise move given the sector currently.
As for news flow, to be honest they could release a 30 Mt MRE with decent M&I numbers and still go backwards. Sell the news is the current flavour.
Hoping they have tightened spending enough to come in with 2 quarters of cash but it will be tough gig.
I am not a happy camper, however you only have to look around the traps to see the sector is really under the pump.
LTM (mereged AKE and Livent) dropped 30% in less than 3 weeks is a good example of the market not giving a toss and selling down pretty much anything and everything.
Its cyclic and will come back, just needs patience and going by a lot of holders on HC on numerous companies, this is lacking.
IMO AC has been taking the lower risk and believe it or not...
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