Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
An over simplification perhaps but the point is a good one. Even today new joiners who came in earlier are looking at a loss of over 30% .. This share is now very dangerous and should be treated with the same respect as a Nigerian dating site for older men.
I think the shorters will have moved into pastures new. Any rise in this share is speculative at best and at worst it's a trap for anyone with money to lose. There is no news, there can be no news because the insider dealing police would lock up anyone that tried to make money this way. It's pass the parcel at this point and everyone is waiting for the music to stop to see who's left holding the parcel and what's under the last sheet of paper.
Such a short time from me buying at 120 then selling out at 67 only to buy back in at 23, then massively load up at 3 and then get out at 7 only to return at 4 and now to sell out at 1 and what did I lose ? Nothing I made nearly £300 for investments totalling nearly 90k . 2 years of stress and a missing finger tip from the refresh key has taught me to keep my money in the bank. Goodbye one and all xxxxx
Why is everyone in here quoting the good bits of the recent Financial times article but totally ignoring the warning in the same report that current share holders will likely be wiped out?
Bluebuxton .I was in deep once as well but managed to rescue a lot by buying in the drops to under 3 and selling at plus 4 . I'm not sure if there is any good news left to get another rise but I would be tempted to go back in at this price and hope the bank crises resolves passing on a nice share rise for Cine.
patiencebringsit No idea but they made a right mess of my suitcase last holiday.
Lamaid. You're doing better than me as I'm down 70% on a 4 year holding with 15k invested . I see all the hopes for a sudden pickup being forecast again but after three years of checking this share once or twice a quarter I have a strong feeling that I'll still be 70% down for the foreseeable future. Mind you when all is said and done, it's doing a lot better than my Cineworld investment , though I'm not sure if investment is the correct term for a mugging. See you next quarter........
JohnNth . Unfortunately I bought into this share more than once and it's taken all my other shares to cover the loss induced by Mooky and Co. I understand where everyone is coming from and really hope things turn around not only for myself but the others on here who have been screwed over. Perhaps I have over simplified my "Why to buy Cineworld " thoughts , but after everything this share has done I think it's time people woke up and looked at Cineworld as "Why would I buy it" and once you do that, a lot of arguments don't hold water.
A family member recently tried to buy a barbers shop but the owner wanted way too much money for fixtures and good will so she bought a vacant shop on the same road and opened her own barbers, 3 months later she was buying his equipment after he closed and sure enough all his ex customers went to her for their haircuts. I just can't see why this isn't the same for Cineworld albeit on a larger scale.
So beside the obvious with debt equity etc. Would it be cheaper for me to take 7billion dollars and set up a cinema chain?
Just following up on my meanderings but would it be cheaper for a potential buyer to set up a new chain than to buy Cineworld? I'm guessing that if Cineworld goes under, there will be a a lot of seats, screens, projectors going up for auction .
This has been one hot potato since August, big players coming in and out on a daily basis driving the percentage up and then pulling out to make it drop and during all of this, new mugs are sucked in on the promise of easy money. No one will buy Cineworld with all its debts it's as simple as that, it would be cheaper to launch an entire new cinema chain with fresh capitol than to take on however many billions Cineworld owes. And all this is going on at a time of austerity and ever increasing streaming and downloading . Mooky filed chapter 11 to make himself money and I really wouldn't be surprised if he's made an auful lot from these one day 20% rises which randomly appear on the back of some spurious news releases.
Poorinvestor.
The difference between now and even 5 years ago is the price of technology has significantly dropped and COVID pushed an awful lot of people to invest in bigger and better screens. To buy a 60 inch or larger Tv can now be in the hundreds of pounds and streaming or backdoor downloading can be as cheap as free. Cinema might not be dead but it will never see it's hayday again.
Can anyone point me to the news which is helping investors make the informed decision to invest in Cineworld?
That would be a resounding NO!
So what we have here is a lot of mug punters gambling on a long shot and then making up excuses as to why they have bet on the outsider.
Check all my previous posts as I've called this right for over a year or more. I had a weak moment when I dived back in at 20s only to be wrong footed by Mooky&cCo but salvaged most of.my losses when the share went fron 2 to 6, but now I'm waiting till I see something on the BBC before I put any meaningful money into this.
Only buy if you're illiterate and like saying Good Buy to your money.
Well guys I've spent the last 6 months kicking myself and warning newbies to stay out until News is forthcoming. Well now the writing is on the wall and we are al well and truly Fu*#ked. I've heard everything on this forum, from good popcorn sales to latest blockbusters putting bums in seats, but it's obvious now that 8 billion of debt with the highest interests rates in years pushing the debt higher, that there isn't enough popcorn on the planet to save this albatross of a share...
It means that this is a speculative stock and lots of gamblers are being tempted in at a penny price only to have the rug pulled out from under them. You have to think why is a share with 8 billion of debt and under the immanent threat of bankruptcy closure is worth any sort of investment? You are best to ignore any price changes which are not based on actual NEWS.
Motley says that Cineworld are trying to sell assets to get their debt down. Bearing in mind that they rent the venues, does anyone have any idea what assets Cineworld hold that could make a dent in 8.8 billion of debt?
An investor invests based on News and prospects, without news there is no investment. Worrying your going to miss a rise from 4p to 20p etc. Is keeping an awful lot of people on the refresh button but the clever people wont give a toss about missing any early gains, they will sit quietly and wait for News on where this company is actually going and not base their decisions on Hollywood's latest blockbuster list.
Are you expecting any rain? Trying to get my washing out.