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No probs Mark, all my opinion.
I not stressing about the situation right now, which for others is easier said than done, I understand. Everyone gotta do what they feel is necessary with their investments.
I've been in a position where I've been owed a substantial amount of money by a customer and I was unsure if they would ever be able to pay, the result of non-payment would have been the business going to the wall, couldn't pay suppliers, house on the line. I've known stress.
CINE/Mooky & Co have a list of items that need ticking off, some are in their control, some aren't.
Let's get the waivers signed and done first, that gives us breathing room to operate and position the business as appropriate whatever COVID / Governments chuck at us.
Stay sane.
Yeah I believe they will get it done no problems at all, the way he spoke in the interview was almost like it’s ready to be signed but just not quite finished it
No worries from me on that
Thanks for the reply
@RS2002
Don’t forget and people missed is.. the rights issue was mentioned as an “option” “if” cinemas close again and titles pushed back
Two very strong words there, and certainly not how the live presentation came across, The whole world is never going into full lockdown and with enough to see us through a whole year as things stand today I’m sitting confident the world will have passed into the vaccine stage end of this year
*Business, not 'visit'
@mark
I would assume that they would announce it to quell fears as it's pretty critical for the business to move forward in the current environment.
I think it's going to be a formality, it may be Mooky trying to negotiate less of a shafting to get it through rather than a refusal to issue the waiver(s).
...I am making the assumption that we may or may not have a vaccine - though the outlook looks OK, the visit must be able to operate and make money without one. If there is no model or set of circumstances that we can do this without a vaccine them the outlook is certainly grim.
Is it normal that the waivers are communicated via a RNS?
I see a need for a similar way forward. To reiterate the key milestones to recovery, in my eyes are;
1) Debt Covenant Waivers - Negotiated and Signed
2) Remaining Sites in the US Open
3) Full schedule of blockbuster movies set AND started by end of November to kick-start good income.
These 3 items are the foundations to a progressive recovery through 2021 and to reduce risk for small time holders such as those here.
I await confirmation of the waivers - this is priority number 1.
Numbers don't lie, data is data?
Does any one follow or believe in the domestic USA numbers reflected in boxofficemojo?
Excellent post
Yes its the mindless endless repetitive nature of derampers posts makes you wander about their mental health
Investors don’t need to have certain elements from the report cherry picked and frequently regurgitated, to paint a negative narrative. The following presentation affords the overall mitigation and numeration status.
https://www.cineworldplc.com/sites/cineworld-plc/files/reports-presentation/2020/interim-results-presentation-2020.PDF
Investors are well aware there is a liquidity challenge however they have also established that amongst the mitigation activities that continue to progress, the BOD have stated
1. There are sufficient funds to OPERATE as-is and perform as-is to see them exhaust funding to September 2021.
2. A rights issue or dilution is an option but in my opinion, the sensible time to look at that is March 2021, this gives the BOD 6 months to then forecast ahead based on projections, assess the market for covid recovery status (read vaccine and general consumer confidence) and take a decision.
I see two questions an investor needs to ask themselves:
1. What is my risk appetite?
2. What do I believe will be the state of play concerning covid and marker recovery in March 2021 (6 months from here)
My personal take, given the progress we are witnessing with the vaccine and the huge catalogue of movies set for 2021, I see 2021 to be a very lucrative year for global cinema. The case study for China is a valid one. Their economy has indeed seen a V shape recovery and box office fully recovered to pre-covid levels. I believe this is the reason, savvy Chinese investors are taking a stake and why many will remain invested.
The big milestones to watch for now?
1. NY reopening
2. Debt covenant waivers agreed
The BOD needs to keep investors updated at the earliest.
Good luck to all investors and above all, DYOR.
in-depth is a really stupid deramper
I don't know why they're still paying him 5p for each negative post ..... not very convincing deramper lol
Poor sad idiot
In-depth, so you are trying to say that somehow Mookey can protect his shares at the expense of other shareholders, now you really are talking cr@p!
There is a saying, if you owe the bank 10 grand that is your problem, if you owe the bank a million then that is their problem.
There has never been a time when that is more true. The creditors and institutional investors will be praying and bending over backwards to help Cine survive.
You keep making a point of saying the debt is huge and the business assets are worth very little... in that position would you rather skin a sheep once or sheer it many times..
Think about it, if derampers have nothing better to than try and scare investors into selling on here, how much intelligence can they have - Probably virgins living at home getting 5p a post
Mooky is Israeli, shrewdest businessmen in the world
I rather trust Mooky's confidence than getting scared by anonymous, pathetic loser derampers on here
Yes discussions are ongoing so we will wait and see what magic Mooky can pull out the bag before worrying too much? We havnt seen exactly how much cine has made since reopening its doors yet and bond still hasnt been released, who knows the rest of american cinemas might reopen tuesday/wednesday and increase our income drastically.. so many possible outcomes right now, best not to panic and only concentrate on the negatives
And to act like Mooky would allow his childrens inheritance to be lost due to a simple default is also rather silly. He wouldn't be persuing this course of action regarding waivers if he wasn't reasonably confident in his chance of success.
To act like there is going to be no leniancy from the creditors is rather silly imo
@indepthwins
So don't take advice or listen to anyone but he can listen to you with that you've just spoon fed him.
Look, he's right... But that's the gamble we've taken in investing. It is a gamble but I believe the odds at these prices and with an objective look at the whole situation at hand e.g. company fundamentals and global ongoings, are firmly on our side as investors.
You're entitled to your opinion but he's asked for inspiration not to be demotivated.
He's as much right to listen to us as he does you so don't 'advise' him (because that's what you just did) not to take advice.
And btw, mine wasn't advice, it was words of solidarity from someone in the same situation offering what he requested for i.e. positivity.
Some Uneducated Bu.....d doesn’t know the difference between Inspiration and Discouragement. :(
Billy,
I am on the same boat. I am currently 20k down. When SP was 68p, I was in profit about 10k but did not sale. However, I am not regretting. What I have learned last 6 months is there is Patience brings reward. I try to behave live institutional investor. They don’t do day trade. Do they ? Hold until you get you target price. You will hear a lot of noise. Ignore them. I have found out the following about Cine SP. Cine share price goes up based on USA stimulus than anything else. Not even vaccine. Take my word. USA stimulus is due very soon. Also, Trump and Boris Johnson both of them are favourable to Economy. If there was Baiden and Corbin then I would not buy any share. On the other hand, another 12 months safe if no lockdown. Which is unlikely.
Good. Me too. My savings in this too. This isn't just CINE. Look at the leisure sector companies they're all in the same position SP wise. I live in Blackpool and I'll tell you theres no shortage of leisure custom here right now. Illuminations are packed (walked them tonight), sandcastle waterpark packed (went last week), pleasure beach, casinos, amusements, restaurants all packed.
It's restrictions causing the downturn not the people. People will return when they can, when the leash is let off peoples necks. I see it every weekend here. Every day even.
Look at Hosais Twitter posts earlier with the "real" stats on covid posted by those professors. Media hype.causing this unfortunately creating stories by fudging the stats to keep people reading.
Happy stories don't sell papers unfortunately.
Just what I needed @jm4tw, holding tight!
Ok, so Mooky and family own just shy of 30% of the company. Diluting would affect them hugely. So I'm thinking it's not a high priority on the list. I personally believe they will look to raise capital to take this private, through a deal with a private investor maybe or look to offer ab attractive deal with interested parties i.e. studios.
I understand the frustration and anxiety but just hold. Be patient. If you go down with the ship, so be it. Least you can love with having given it a go and trying. If you sell and in 6 months this goes private, or a takeover or recovers...you'll be kicking yourself so hard you'll feel like throwing yourself off a bridge with "what ifs".
You're in now. You're not alone. I'm in the same boat. Let's ride it out together. And if we sink, we sink. My thoughts are...we won't.
Been invested in cine for months, put most of my savings in and planned on keeping for the long run but it’s blow after blow! What’s people’s feelings for the future? In their financial statement cine have pretty much said they will need more capital to survive, share price is already extremely low so any kind of fundraiser surely would send it to rock bottom!? I’m struggling to see a way forward.