Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The US where Cineworld OPERATES 75% of its business is doing very well against Covid.
The UK where Cineworld OPERATES 12% of its business has advertised that it WON'T be going into National lockdown and no further restrictions imposed on cinema attendance. If anything, the reduced pub opening hours will drive more footfall to cinemas.
Source: https://ar19.cineworld.co.uk/static/FullAnnualReportAndAccounts2019-8129de189852800e5c63bc9103cbca56.pdf
This has got
To be the most level headed and accurate post I’ve seen in a long time.. respect RS, and
Shows exactly why AMC rose after there H1
RS quotes:
“I said it before and I'll say it again.
The update tomorrow is an "INVESTORS RELATIONS" exercise.
This is a presentation that will be streamed where the BoD will be putting many shareholders at ease with regards to the recovery plan.
All global industries including hospitality and leisure were impacted so it is in the interest of the lender to work out a new deal akin to AMC. They know the movie business for box office is a (2019 figures) $40 billion revenue generating stream.
It is far too lucrative and it suitably mitigates the risk of piracy that Disney's Mulan is suffering.
Hold firm and expect a presentation on the roadmap to recovery.
Don't forget 2021 has a HUGE catalogue of backlogged movies.
Vaccine news is imminent and Trump has an agenda to see this is used to support his re-election. Global markets will join this recovery”
I said it before and I'll say it again.
The update tomorrow is an "INVESTORS RELATIONS" exercise.
This is a presentation that will be streamed where the BoD will be putting many shareholders at ease with regards to the recovery plan.
All global industries including hospitality and leisure were impacted so it is in the interest of the lender to work out a new deal akin to AMC. They know the movie business for box office is a (2019 figures) $40 billion revenue generating stream.
It is far too lucrative and it suitably mitigates the risk of piracy that Disney's Mulan is suffering.
Hold firm and expect a presentation on the roadmap to recovery.
Don't forget 2021 has a HUGE catalogue of backlogged movies.
Vaccine news is imminent and Trump has an agenda to see this is used to support his re-election. Global markets will join this recovery.
@indepth
Hahahahaha right on cue, I was just about to ask you why you haven’t played the debt covenant card seeing as your previous posts today have been so poor with absolutely no interest from the board lol. I hope today’s rise is working out for you lol. It’s not a question, no response required thanks haha
Let’s get the December one boxed first. Having experienced debt covenants in my workplace, it is in the bank’s interest to be flexible which they already have. At the end of the day they need Cine to survive through to a vaccine and is their only feasible exit
Keep going Indebt.... the more tripe you post the higher the SP keeps climbing!! I think your number is up, everyone knows you talk shi.t .... close that short ... quick!!
I've missed you rs.
Agree completely. We may even see the same increase as AMC saw on their results day. Fingers crossed.
AMC re-negotiated its debt and successfully refinanced at favourable terms. They took advantage of the low interest rates which have gone to significantly reduce debt servicing costs. When their cinemas shut down, they cut their staff to the minimum and, with the support of their landlords, stopped paying rent. Not all landlords co-operated and in Florida, they were in fact sued, but they remained firm to drive down their operational costs and cash burn.
Can we expect the same positive news from Cineworld?
I believe so.
Reason?
If I was a lender concerned I would call in a loan, not be so generous to push a conveant test date, like they did.
This now means Cineworld need only demonstrate a 1/3 of their EBITDA this year to pass a very relaxed test. Easily do able.
Why?
a. Jan-Mar were unaffected and Cineworld quoted stronger revenue Tegan 2019 this period.
b. Cineworld have had media exposure about their aggressive rent negotiations. Search, "Runcorn Cineworld" where they refused to reopen as it wasn’t going to be profitable, much to the disdain of the landlord. Music to investors ears.
c. Sufficient liquidity to remain closed for 18 months, Morgan Stanley say, not that it will be needed given all territories are open and more of California opens today and we patiently await NY and NYC.
d. Mooky said 70% of costs are variable and given they are using zero hour contract staff don’t have to keep any expensive staff on.
I think we can expect some positive updates from Mooky and the BoD, tomorrow.
Good luck, all