Dec. 6 at 9:32 AM
very positive developments in the past days for
$SID
They withdrew from interment acquisition ,that will preseve capital to be used for more important aspects, debt reduction ,dividends payment,working capital, etc..
favorable court decision relating to the case with ternium
$TX which obligate ternium to compensate
$SID for the change of control of rival Brazilian steel producer usiminas
$USNZY
The amount is estimated to be around $ R 5 billion ~
$820 million
receiving this amount will fix
$SID financials which means
-debt reduction
-more dividends for shareholders
-share price appreciation
IMO, I see their situation changing for better in the coming weeks.