Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Morning Folks and for what should be a roaster of a day ahead.
Cruis 1, IG are essentially a financial firm that deal in spreadbetting and contracts for difference. In effect it is a bookmaker. It's very rare in life that a bookmaker fails to make money from its clients. That persists whether you are betting on the G-gees, football, darts or in the financial world where IG operate. I'd probably say moreso in the financial world when they have ready access to data showing aggregated positions and where they know you are leveraged and subject to margin calls. Knowing that then you know spread betting and CFD's are mugs games.
The foot of the IG Index website for anyone interested.
"Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk."
I'd personally be more interested or worrried if IG / bookmaker "advised" people to buy.
Just my observation is that IG mostly produced an article when they see an opportunity to short and that opportunity is with the delay in full re-opening. Their articles are as good as Motley fool's one. They say SP was up by 41% YTD. If the debt is a concern then why did the price go up by 41% in first place. Drop from highs of £1.22 is profit taking and few shorts up. Once more big movies are released, shorts will close and we have good movie line up. We had Barclays upgrade the price to 115p and Jefferies sees 50% upside from current levels so we have 2 brokers seeing massive upside from current levels compared to IG.
In the recent Mooky's video with CNBC, Mooky was upbeat with the demand for cinemas and he is not bothered about debt and he secured enough liquidity to the extent that CINE can survive all of 2021 even with cinemas closed but CINE cinemas are fully opened with fantastic movie line up starting with F9.
Like I said to me, IG articles are as good as Motley fool's one. AIMHO. DYOR.
Good read, There is a massive over hype of streaming services. They are good, but the amount of fighting over content is going to be their downfall and provide positive results for Cinema's.
No one will pay for more than 2 streaming services... usually 1 show/film of interest to yourself gets added and 9 pieces of garbage or B movies. Example Thunder force... Obviously it depends on your tastes.
I personally think they are overplaying the cultural decline. we will likely have had nearly 2 years of restricted movement. people are going to want to go out and take trips as much as they can afford...
On top of that there has yet to be a major box office hit for some time. These all brought in stupid amounts of money. Give it time and as long as cinema's change adapt and improve they will be successful as long as they can stay financially afloat...
Cineworld Debt does concern me...