Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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A good article, negates all of C26's invalid points as per usual...
Have a great day x
The free float is so small here, it exacerbates the share price movement.
All the big boys have their stake and can't really increase it, for one reason or another.
The more the share price sinks, the less the free float gets bought, and the more it sinks.
Its a vicious circle Stroll has created, unintended consequences.
Hopefully it's his downfall, but I reckon he will take AML private before then.
One last cash raise....
How are they going to pay for all that?
Aston needs more clean-sheet designs. The DB12 is a heavily-facelifted DB11, the new Vantage is a heavily-facelifted old Vantage, the DBS will be a DB12 that's crashed into a branch of Halfords, the DBX seems to be on the perennial facelift path. If the Murcielago is a re-dressed Diablo (look at the windscreen), Aston can come up with better. British cars seem to go on and on forever - the F-Type's only just died after 9000 years. Also, Astons need to look more modern. Fewer vents, fewer addenda from Halfords. The Defender and BMW iX etc. look arrestingly modern - I'd put Aston more on a rather sad Maserati-level. I hope the Valhalla can be a genuine alternative to Ferrari and not scrabbling down in the dirt with the likes of Maserati.
Good morning, I was reading all the messages last night, he was literally like a Vicky Pollard on Facebook ranting....
I was expecting his last post to be....."It's just me and the kids now, I don't need any man" x
He won't be back while the SP is stable, he only feeds on instability as a fertile ground for sowing doubt. Meanwhile the world keep turning without him; he must hate that fact!! LOL
In case anyone was worried or even gave a toss, excuse the pun, he was admitted to hospital last night suffering from severe dehydration and a worn out right wrist. It also took them some time to removed the encrusted tissue stuck to his naked body ………..
I’m sure he’ll be back soon. 🤣🤣🤣
Advocate1973 – 01/05/24 - “There is nothing you can do to stop him, it just makes me laugh now…”
@advocate1973 – It is comical & here are just two examples of ‘Brandolini’s Law’ from yesterday.
#Fiction - c2645sg – 01/05/24 - Quotes:
“I hope AML007 reads this bit......
So much for the new debt paying for all the old debt like he prattled on about.”
“AML007 said the new debt would repay all the old debt.
Remember this EVERY TIME he tells you something in the future. NOT to be trusted 100%...
The company spent £80mn on financing expenses, related to changes in the US dollar and fees from paying back some of its debt early.”
- - - - - - - - - -
#Fact – @c2645sg repeatedly said the £1bn+ refinancing ‘fees’ required Q1 2024 cash:
- 18/01/24 – “Refinancing COSTS MONEY.”
- 14/03/24 – “AML have also said cash will be used to fund this bond refinancing, how much?”
- 06/04/24 – “…and all that extra cash they need for refinancing fees.”
- - - - - - - - - -
#Fact – I simply pointed out these statements were untrue/mis-leading:
15/03/24 - AML_007 – Quote:
@c2645sg – You asked this before & I’ve answered it before, did you even read the RNS?
RNS – Quote - “The proceeds from the offering of the Notes… will be used… to pay expenses and fees in connection with the transactions”
I also told you AML still had £106m left over from the money they raised last year to pay off debt.
https://www.astonmartin.com/-/media/corporate/documents/2023-results/aston-martin-lagonda-fy-2023-results.pdf
“Cash as at 31 December 2023 includes the remaining £106m of proceeds from August’s share placing, following the redemption of a portion of the outstanding second lien notes in November”
- - - - - - - - - -
RNS - 01/05/24: “Adjusted net financing costs of £53m, increased primarily due to the year-on-year impact of US dollar debt revaluations, and accelerated amortisation of fees related to prior loan notes as a result of the successful refinancing. The £27m net adjusting finance charge was largely due to movements in fair value of outstanding warrants, and the redemption premiums associated with the refinancing of the senior secured notes.”
- - - - - - - - - -
So, there was no “extra cash” required in 2024 for the refinancing fees from the £1bn+ raised in 2023 and all of the 2024 financing costs associated with the “prior loan notes”, and redemption costs of those prior notes, came out of the £106m left from the cash raised in Aug.23 to do exactly that. #NothingToSeeHere
https://www.lse.co.uk/rns/AML/result-of-equity-issue-c8j3x74zrxlapmm.html
But why let the truth get in the way of a good story. < Roll Eyes >
Have a good day, cheers, Paul. :)
PS
@advocate1973 - With all the rash of postings recently, you may have missed this:
https://www.lse.co.uk/ShareChat.html?ShareTicker=AML&share=Aston-Martin-Lagonda&threa
It will also be useful for something, I think that Aston can launch 4 new models on the market between now and the end of the year...or not???
I’ve got him on filter, we have a chat sometimes on ADVFN but it’s easier to read the important posts on here this way.
Https://www.ft.com/content/166bd7a9-7849-4503-b779-92b38f561c5c
Net debt was £385m in January 31 2020 when Stroll took over.
It now stands at £1044m.
Take a bow, Lawrence.
Not even football team owners are that bad, just over 4 years of ownership and he's tripled the debt.
Small shareholders will soon be bagholders, I bet he takes it private and you'll all be left with nothing, no chance of making any of it back.
Ands correct about this share as evers! Haha!
The article reads like it’s Ai generated, is that correct or is it an actual person?
I haven't forgotten the amount of abuse you put my way, posting as 3300.
Another charlatan gambler with multi IDs thinking they are smart.
I see C26 as charming as ever
According to information- 40% down from 1.60 not today.
Https://www.investorsobserver.com/news/qm-news/7625390650801601
Stille harping on about Lagonda when Stroll killed that idea stone dead recently.
Wake up!
Newey is not interested in Aston purely because of Stroll.
Adrian knows Stroll is only going to sell the team when he has made enough money, and isn't interested in working with a part-timer like Lance, no-one wants to work with Lance except daddy.
What the Strollovich's don't understand is no-one actually likes or admires them, they just have to put up with them because they are rich and own the team.
Ben, there is more chance of cj666bj saying something cheery than Newey joining Aston Martin!!!!!
My guess is he is off to sail the world on his new Osprey yacht.
Https://www.bbc.co.uk/sport/articles/cv2rd53gnr6o.amp
Possible move to Aston Martin
If the share jumped massively, he would moan...
If the co was bought out he would moan...
There is nothing you can do to stop him, it just makes me laugh now..he is like a cat typing furiously!
This just about sums you up.
miserable Share
/ˈmɪzrəbəl/
/ˈmɪzrəbəl/
IPA guide
Miserable goes way beyond sad — it means absolutely wretched. Someone who's miserable feels absolutely awful.
If you were caught in the pouring rain, missed your own birthday party, and then got food poisoning, you wouldn't just feel bad. You'd be miserable — which means exceptionally unhappy. Victor Hugo's novel, Les Miserables ("The Miserable Ones"), is the story of people who live a wretched life filled with death and unhappiness.
How much is this worth? A timely sale to correct buyer would wipe out half the net debt. But wtfdik
...and here is my working.
AML burned through almost £200m in Q1.
Q2 will be similar, so let's call the total a nice round £400m.
Can you see them earning £401m in H2 to say they are cash-flow positive over the full year?
Nope, neither can the market.
The debt interest is £120m per annum, alone. capex on new models is £344m for the year. Mental.
Share prices drop for good reason, and the reason is AML are running out of cash at an alarming rate, AGAIN!
They need to raise £200m in the next 3 months and the market knows this.
Who wants to buy the shares between now and the next cash raise?
Shortermers who sell as fast as they buy.
It's going to be another brutal year, AML said themselves new models "by the end of the year"
That's another 8 months of carnage.