George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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@casper23
You should go to a&e for the bump to your head, or back to school
Your post is meaningless and downright stupid; are you not embarrassed that is the best you can say??
My god..........
Lost 1.6 billion dollars even thou this includes Jan Feb when they were fully open, then 4 mths when staff were furloughed business rates cuts, vat cut to 5% which wasn't passed on to ticket sales etc, even when fully open in full flow they only made 137mill, going to take until 2023 to get back to profit if ever.
1.6 billion got to be £50 mill a Yr in interest! Ontop of there already huge debt pile
I see the conversation resurrecting March 2021. That gives them 6 months before the taps run dry. During this time, we can see a lot of development.
I’m not out ruling a rights issue, just saying it’s too early right now and that also matches the narrative from the BoD presentation, today.
Unfortunately I can see a rights issue now.
There is no way that it would have even been mentioned if they didn't intend to act on the option.
There are other options such as debt restructuring but really it's just such a damaging piece to even mention it wouldn't have been discussed if they didn't have to.
30p rights issue?
I'd say
Won't go bankrupt (agree)
No need to raise equity (at the moment - can defer to March 2021 to assess)
Cinema will bounce back very soon imo (all dependent on the recovery for the global vaccine and consumer confidence)
As you can see that isn't a ramp but this can go either way.
It comes down to risk appetite and assessing the market; given we are so close to vaccine news, I remain bullish for the outlook into Q1 2021.
Agree with point 1.
Unfortunately it's points 2 & 3 with are now genuinely contentious ref a rights issue or debt restructure.
Said it all along.
Won't go bankrupt
No need to raise equity
Cinema will bounce back very soon imo