Q3 results were decent
Cost-cutting, the higher contribution of the iron-ore mine and some mix impact have all helped
The negotiations on the financial restructuring (debt-to-equity swap) are only starting
Steer clear of the stock before the conditions of the restructuring are known, with a potential huge dilution
19 Nov 2020
Q3 20: not so bad, but all eyes are on the financial restructuring
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Q3 20: not so bad, but all eyes are on the financial restructuring
- Published:
19 Nov 2020 -
Author:
Fabrice Farigoule -
Pages:
3
Q3 results were decent
Cost-cutting, the higher contribution of the iron-ore mine and some mix impact have all helped
The negotiations on the financial restructuring (debt-to-equity swap) are only starting
Steer clear of the stock before the conditions of the restructuring are known, with a potential huge dilution