Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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There are about 30 companies working on vaccine. Some of the vaccine trials are in final stages and vaccines from few companies should be ready by December2020-January 2021. Things should improve dramatically once vaccine news/results are out in the press.
Remember any positive clues on vaccine trials, government support on APD freeze and furlough extension/aviation support package will help gradual increase in sp.
So it is best to buy now rather than searching for perfect bottom. Those looking for perfect bottom end up with smelly fingers!
https://www.marketwatch.com/story/these-nine-companies-are-working-on-coronavirus-treatments-or-vaccines-heres-where-things-stand-2020-03-06
I take on board everything that’s been said by the people who are negative here but I don’t see this dropping to much further. I bought at the close on Friday 111ish paid and I don’t see it dropping much further. If it does I will top up further on the way down but this will recover I’m pretty certain, it might not be this year or even next but even taking into account the Ri a recovery to the £4 area is what I’m aiming for!
IAG still have about 8bn of cash reserves/credit lines, It will have 2.75bn more from RI. So total cash reserves/credit lines will be close to 12bn! Plus IAG will stop burning cash reserves or will be cash neutral from Nov-December 2020. And still company is valued at just 2.2b as of yesterday’s closing price. It is a joke!
And few id10t s here are comparing IAG with banks and think IAG will drop to 80p. Jokers!
Jen, smithy and just waiting on whatamess appearing as you are all the same account liking the posts to support your statement.
Lloyd’s and RBS are banks whatamess, big difference. Bank stocks work completely different from the real market, you know this.
A.smithy, I have been getting real with IAG for many years and yes some on here have been very unkind and say I am not in my right mind but not to worry, I bought more IAG just before 4.30pm on Friday and hoping to make yet another quick turn, it can be a very busy business this affliction of not being in my right mind. I remember last time around 2012 and even further back in 2012 lower than today and even in the old BA days of 2001 and peeps saying similar stuff but it worked out well for me, strangely enough I never heard from the same peeps again. Are you planning to become a long term holder and what is your track record of guessing things right, did you do well with your own guesswork ?
Deanmck7, incorrect look at lloy and rbs re RI
Smithy if you actually think BJ (as much as I think he is a terrible leader) will put the full country in to lockdown again you’re off your head. It will be localised lockdowns as we are already experiencing and specific rules like pub closing times etc where there are mass gatherings.
BJ stated a full scale lockdown would be catastrophic for the economy and it couldn’t sustain it.
Stop scaring people in to selling their shares if you know this will recover. Tell them to sit tight instead of being a doomer. The world will continue and IAG are well positioned to recover, more so after all the restructuring that’s taken place.
All these stocks that are struggling at present will be the true winners come the end of this. Hospitality, travel, tourism and entertainment will all provide the best rewards, that’s the reason we invest in them.
Pain now rewards later.
Spot on @Deanmck7...... the restructure of the business ( 13,000) in BA alone plus all of the IB, Vueling, Level, Aer Lingus, Cargo, IB Express, Head Office relocations etc are a massive change to the IAG model and will make them in better shape than pre-Covid to consolidate further......hold long term and sit tight.
Everyone that has suddenly came out of the woodwork on here giving it "i'll wait until it drops below the RI value" before I buy in.
*NEWSFLASH* there will be no more shares to be picked up at that time as majority of PIs will take their allocation and traders will be few and far between as they will be looking for longer holds for better returns, the rest will then go to the big boys.
You clearly have no idea on how RIs work. When the RI is concluded, the bottom will have hit, by that time share will be in demand, pushing the SP north (without news) as everyone wants a slice of the recovery pie, by that time you will be paying higher than the price is just now. Which will then be pushed up by government news on APD relieve, airport testing, furlough extension for aviation, hospitality and tourism and Trump (weather you call it "lies" or "good luck"), will announce some form of vaccine release in the US, followed by the reopening of Americas skies and these days will be a distant memory.
Remember, IAG will break even at the end of 2020. They have changed their business strategy, got rid of the dead wood and raised what they need to move forward as a much leaner group and will be back to pre-covid cash flow as the RI concludes.
People that are short sighted can't see the light at the end of the tunnel. Don't give up your shares to the vultures, you've held on this long, they will turn good and these idiots know that which is why they are all on here looking for an entry.