Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good luck with those meetings bud (let's hope they are about closing your short positions hey ;-) )
Have a great night all. Over and out for the day!
I agree that Mooky is fantastic ;-) I also drive hard bargains, but sometimes you need some bargaining chips and for a little leverage. Something has to give, it could well be the Pi's. I'm thinking Thursday the lender will have the stick... it will come at a cost. Let's see - should be very interesting.
"I hope others on here are able to refrain from throwing insults across the table too." - couldn't agree more, I've seen a few on here who deramp on other sites whilst ramping on here (just wrong).
I know many will have had a bad day today, but there are many more good days to come as well, and it's not good to gloat - so good luck folks - wish you all the best. I have some important meetings tomorrow, so will be tied up.
I think that borrowing is always in favour of the lender ;-) why else would they lend?! I also think that it's a very good time to borrow at the moment, so I'm not too worried on this front.
Mooky is a very shrewd businessman, he drives a hard bargain as do all Israeli's ;-) so I trust that he has managed to stem cash burn at every opportunity and restructured borrowing wisely. As he has with his holding's company. A 3 year break from borrowing fees to ride out the pandemic is good business! Particularly in view of the removal of dividends that would normally cover these fees.
I'm very much looking forward to Thursday. It feels like a reveal of gigantic proportion!
BTW it's nice to have a debate with someone without falling into playground insults, so thank you. I hope others on here are able to refrain from throwing insults across the table too. It really brings the BB standard down.
@TheINVESTigator
"Woudn't it be nice if the share price bottomed out tomorrow and all those short positions closed (having made a decent profit themselves) and then the share price continued to rise from that point on with positive covid news and us long term investors saw our accounts back in the green for xmas!! Wishful thinking maybe ;-)"
It would be nice indeed! I have a similar sentiment to you. We differ on where the bottom is and what the content of Thursdays results will be. We both agree on a recovery. I'm thinking positive in the sense of a strong survival signal, but negative in the sense that the debt restructuring aimed for survival will come with caveats... i.e. that debt will have a major impact on the share price as in the "borrowing fees" will be in favour of the lender.
For further borrowing, the big question should be how much and from whom. What has Mooky signed? I can guess but I'm not looking forward to reading the terms, but one assumes that this part could be elusive in the results/RNS.
Johnht, to be fair, I think you make some very valid points and come across a lot better than others who believe that the share price will fall a lot further. So kudos to you for some decent content shared. It is always good to have a proper debate, which is the whole reason this BB exists I guess?
In all honesty, I don't think either side of this debate can be that confident in their 'short term' predictions, which is very understandable in this time of uncertainty.
Of course there is a chance that the share price could fall further and I wouldn't disagree with you on these points until there is a stimulus to push it back in the other direction. Whether this stimulus arrives thursday or not, time will tell.
If the news is less severe than expected on thursday then the price should rise, but the recent uncertainty of the direction of the pandemic is terrible timing and will probably prevent the share price from spiking as high as it could and maybe should.
But we will see!!
I am confident that Thursday will present good news for us Cine investors and I do still believe that the price will probably bottom out tomorrow before a nervy rise on wednesday pre release of data. Hence some large players holding and building there holding over the past two weeks.
Following thursdays announcements I think the share price's direction will very much depend on the US numbers, covid measures and vaccine approval this year, not on the UK figures. All of which could go in either direction. So Cine is a big gamble, but could reward investors betting for or against in big ways.
Woudn't it be nice if the share price bottomed out tomorrow and all those short positions closed (having made a decent profit themselves) and then the share price continued to rise from that point on with positive covid news and us long term investors saw our accounts back in the green for xmas!! Wishful thinking maybe ;-)
My view does remain the same. Even in the event of (what I see as) a worst case scenario, with further local or even national lockdowns continuing to the new year, Cine have enough access to cash to remain in operational and ready to take advantage of a massive backlog of films in 2021. When people will be super keen to get out and about again. With Cine benefitting particularly in the initial winter months of early 2021.
Our industry pivots on big blockbuster releases, so when this gets back into full swing then the share price WILL recover. Maybe not back to 2019 levels, but certainly a lot lot higher than we have seen over the past 6 months. So any investors who are in the red, just hold tight and ride out the storm. It will come good!
All that aside, I still believe that early 2021 will see a studio make a move for a big cinema chain (not naming names on either side!). Once this happens other studio will be forced to follow suit or miss out!! Watch this space!!
All IMHO and I wish everyone invested in this share the best for this week and
PinkEye and JBS, I completely agree. Good luck tomorrow.
Agreed PinkEye.
One day we will see true figures with an average that is extremely low.
More of the same most likely tomorrow, going to be a very tough week.
From what I read it seems they were concerned Boris’s wouldn’t be able to help himself saying something positive and they didn’t want to send out any mixed messages.
It had to be doom and gloom all the way.
When it all shakes down, and it probably turns out that the number of deaths over a 12 - 18 month period was no worse than a bad flu year the scientists will also take the blame.
Today will have been rough for many and I hope people took the opportunity to hedge against tomorrows Boris announcement. It is going to be a difficult day and potentially break the 40p barrier.
I'm thinking todays speech was, from what I've gathered, Boris doing the dirty on his Health and Science advisers. He didn't want to be the bearer of bad news, so he sent out both of these guys to soften and redirect the blame for the news that is about to come.
He'll give it the I have no choice, my hands are tied - I don't want people to die and I don't want the children to miss school, so what I'll do is have a lock down in all but the name. If anyone should point a finger at him, he'll just point his fingers at todays two speakers.