Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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In case anybody is actually worried by the figure of €195m cash burn each week that is being repeated this is actually the weekly cash spend (and it's actually €190m pw for Q2). If this was actually the amount which they were drawing down their cash reserves by each week then I'd be joining the (small) group saying a RI was likely as this amounts to about €10bn per year.
However, IAG also have cash coming through the door in terms of revenue and this offsets most of the spend so during the first half of the year they were only needing to draw on around €50m of cash per week. Still a big number but much more manageable in terms of the cash reserves they have plus with the skies now opening up more the situation should improve. It doesn't remove the risk of a RI completely but to me it seems unlikely.
post @ 1619.
hahahahahahahahahha, LoooooooooL's
No idea of finances, just makes it up as he goes. lol
Calm down fugazi your making a bit of a fool of yourself
Sightwatcher, 350k-400k passengers flying ba every week before US re-opening is not bad at all. all by my calculation. we will see £1.90 again, very soon. holding into next weeks rise is the obvious thing to do, don't listen to the resident clown, whatever he says!! DYOR.
This share is not going to 190p. LOL.
The results will be horrendous, just like your posts.
lmfao
Whatever Fugazi. The accounts back me up. I don't need your blessing. Just content to keep pointing out your lies.
So you're saying pro brokers are lying? That's where the info comes from.
You are a dreamer. Not a clue about business, a bit embarrassing doncha fink - dude!
No, what they are reporting is cash spend or as the RNS reported it "Cash operating costs". Are you saying the company is lying?
well said Hexam, losers are always bitter!! I feel happy knowing the clown is frustrated! looking forward to 5th and 8th nov. LOL.
Proof Hexam, where is this 140mil income coming from? Sundenzas 350,000 pax paying an average £400 per seat? That is one hell of a call and you really need to give some evidence. You 50mil is YOUR estimation and has absolutely no qualification. And whilst sundenza may have thought he was helping you out, he has shown just how absurd your 50mil cash burn claim is.
350,000 passengers. Average £400 per passenger. Every week. SInce what, May? Are perhaps referring to another planet in a galaxy far, far away perchance?
For goodness sake Blue, I told you where my proof was - the accounts. What more do I need? You can see the figures for yourself if you bother to look - either on the IAG site or the RNS for the interim results.
All my numbers came directly from the accounts - they were not estimates (just rounded).
BB, how many passengers do you think ba is carrying now? per week??
...and to save you looking - breakdown (m euros) for H1:
Passenger revenue 1,141
Cargo revenue 769
Other revenue 302
Sale of property, plant and equipment and intangible assets 188
Increase in Deferred Revenue on Ticket Sales 906
= 3.3bn or 127m euros per week
Closed under 160p. Not looking good.
5% cheaper tomorrow.
Once RI announced will knock 40 to 50 % off.
Cash but closer to €270m per week, as announced by FT.com.
and now the costs Hexham. Nice list of income, but now the expenditure. What were the outgoings over the time period of the income you say [I can't be arrsed to check whether your selection is appropriate]. And remember, upto 15th Feb in Q1 quarantine was not required so travel was much higher, if my memory is wrong on that I am sure somebody will say so, but the point was I remember travel was much easier for Q1 than for Q2/Q3.
You are the one insisting that the net figures be used. Do you work for the BBC? They insisted the number on the official leave campaign bus should bein net money not gross sent to EU every week, which would have been a unique way of using OBR numbers as they are always discussed in gross.
Market will be ruthless on the impending horrendous results.
Hexum will still be brainwashed believing no cash burn and 200p imminent.
Lol
5th November is not far away and soon will every body will find out the position and direction of IAG
The costs? They are the numbers you gave. I'm not disputing those - 190m euros per week for Q2 and 175m euros per week for Q1. They are the numbers the company gave. Not sure what your point is. I am saying the the net figure should be used (both the costs and revenue) as that is what the impact on cash reserves will be driven by - not just the costs and not just the revenues.
Ftse 100 rising.
Dow recovering.
IAG will outperform on results day. not long now..The clown will be gone.
Double bottom @ 81p.
Whats to say price will not test support? There's nothing to stop it the market chooses.
Weekly cash burn for iag €195m, but FT .com said it could be closer to €270m
Dow recovering ??
Where, its in 3 red figures!
@Sund.. oil down 2.5% on the day as well ;)
Is FTSE rising or falling after close. CLOWN!!!
Nice one Coolebenji..If oil is down 2.5 %, ftse is rising now...what sector is rising?? Airlines IMO.
Additional tax on long haul.
Lol
Iag under even more pressure.
ABBA...anyone but British Airways