Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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So they agree to the same outcome of refinance with equity intact. But inherit a new business where they still have to pay lenders, no income for now and still recover there own losses they just wiped out?
They would likely prefer cine to survive, no loses, no lenders to pay as the otherwise business owners.
Lenders who kill a business do so for the assets, where those assets reduce losses. Appreciably.
Their logical option is not to lose anything. Or much.
The question is ultimately about covid.
If C-19 stays here and things do not improve, 'we all go home' and find a cave to live in that no-one else knows about. Stocked up with tins of beans etc, etc, etc.
Otherwise, perspective, patience and the world recovers. Hurt, sore, but recovers, heals.
PrayFor, I sort of have done that. However it will be a very tough pill to take if that's outcome as I went in heavy (could say greed).
I, you and others do currently still have options open to us. i.e. recover some by selling part or all holding.
Part sale possibly making most sense of those two options as we partly limit losses and allow to still partly gain from recovery.
Or we stay all in, which I think most of us for now are doing
Just do what I've done funinvest,
Act like you've lost the lot. Feels much better. Then if all works out and we shoot up, it will be glorious.
"@racandfz
CINE also struggled to make money in good times, hence the ever increasing debt"
Why post absolute b*LL*cks?
Operationally they made huge profits.
Paid large dividends.
Debt is almost entirely from takeover of Regal which is called growing business for further future profits.
Let's not start the $8 nonsense as we all know c. Half of this is regards future lease commitments which are irrelevant in that future income is not included. Future profits pay future debts.
Even better for the lenders to get hold of cine than Debenhams then.
That's exactly why it's a good option for them to wipe shareholders out for their future gain!?
As I say I am long-term holder here and hope to hell I have shares in a few months time.
Only saying we should all be honest and realistic about various outcome possibilities.
We only weaken our case similar to shorters on this BB by ignoring such.
@sg
Sorry, but can't stop laughing now....
Debenhams would have a harder time convincing lenders of a bright future surely, what evidence could they give? Cineworld can show a list of all the backed up blockbusters and some of their improved imax/4dx/screen x upgrades.
Point taken.
However, Debenhams struggled to make money in good times. So a different business prospect.
"At the expense of Mooky's @250m creditor who (for now at least) has control of his 20% shares?"
Possibly, we don't know.
I got burnt along with Mike Ashley with Debenhams. His near 30% didn't save him.
"We know goldman saches knew. This is why they ran away."
So none of the other institutional holders knew/know, only Goldman Sachs!?
What nonsense man.
At the expense of Mooky's @250m creditor who (for now at least) has control of his 20% shares?
There goes your gut again.
They have tablets for indigestion you know.
"Creditors don't want to lose money, so the debt will be refinanced"
Indeed they won't wish to lose money, but that "may" be avoided at the expense of current shareholders stake in company.
Hope not, but NONE of us KNOW.
Creditors don't want to lose money, so the debt will be refinanced. They also know that the circumstances are beyond the control of the cinema and not its business model. Also landlords won't have anyone to let their property too in any event with the situation as it is., so would be completely pointless adding needless pressure at this point. The big movie companies have postponed release until next year and beyond as have no appetite to release on VOD. I feel all will be good, but not right now. This is for the patient.