Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Reasons why this is dropping?
DB12 are quarantined, so they can't be included in sales numbers, expect final year figures to be awful. (People held off DB11 sales due to Stroll telling them to, and wait for DB12, same for Vantage).
Which in turn leads AML to needing more cash, because they have spent a fortune on the DB12 and Vantage, and now need more money to fix them.
A company losing hundreds of millions per year doesn't have a magic money tree. They need to raise it somehow.
Fanboys are deluded....and angry they never listened and sold at the top, AGAIN!
The more the share price falls, the more people like AML007 will sell.
You always know when there is a precipitous drop, the city boys know fine well what is coming, another cash raise.
At ths rate, it will be around 50p, 75p at best.
Mark, show us photos of your test drive then....
Let me guess, you didnt take any did you? Sure, we believe you....
I guess if Stroll's marketing gurus are stupid enough to write all that bs on the new cars, they are dumb enough to come on here and lie about DB12 deliveries.
Chris Harris was right, AML are making the right cars at the wrong time.
Releasing the Vantage with much higher price tag at the start of a recession won't increase sales.
Https://www.youtube.com/watch?v=jxIF2S7XuGE
Start @ 27 mins
AML_007
Posted in: AML
Posts: 340
Price: 1,480.50
Hold
Squeaky bum time26 Nov 2021 09:52
The AML SP is now below my overall average holding price of £15.21.
(Still higher than my 2020 average, but lower than my 2021 average.)
Back in May 21, I thought a £15 SP would break my faith in Stroll, Moers, etc.
But today, six months later, my faith is still there and not deterred by the current £14 SP.
AML_007
Posted in: AML
Posts: 340
Price: 1,771.00
RE: Another blue day ...09 Oct 2021 09:1
Still, I did make what will be my last top on 06/10/21, 150 @ £16.51, as my AML pot is big enough now.
AML_007
Posted in: AML
Posts: 340
Price: 2,057.00
No Opinion
RE: Bueno11 Aug 2021 18:10
I don't often get my top up timing right, as it has more to do with funds being free.
But my last top was at £17.06 just over three weeks ago, so happy with that.
AML_007
Posted in: AML
Posts: 340
Price: 1,746.00
No Opinion
RE: WTF IS GOING ON?21 Jul 2021 07:35
Which makes me feel that my two small top ups this week are good value. (DYOR)
19/07/21 – 50 shares @ £17.68
20/07/21 – 50 shares @ £17.06
AML_007
Posted in: AML
Posts: 340
Price: 1,999.50
No Opinion
RE: Google AML chart28 Apr 2021 08:35
In other news, I also managed a small top up of 50 shares last week @18.48.
My 2021 purchases have ranged between 17.66 to 21.38, average = 19.64.
Remember this in the Q3 earnings call?
Didn't happen did it?
'In line with the announcement in July, our objective is to repay the second lien in full. In November we will be redeeming 50% of the outstanding second lien notes and beyond that, we intend to undertake a fulsome refinancing exercise during the first half of 2024.'
Banks will be making saure they get they pay day for any refinancing of £1.2bn in debt. Early repayment charges, high interest rate to reflect the risk, AML are losing hundreds of millions per year.
Bond holders want their 10.5%.
How can a company losing even say £200m per year get better financing terms on a 1.2bn loan which costs them well over 120m per annum in interest they can't afford?
Banks aint dumb, AML are in a considerably worse condition than when Stroll took over (same financials, spunking cash up against a wall, but the macro economy is worse now than the 0% interest rates the original bonds were negotiated at).
They'll need a huge cash balance as collateral, guess who foots the bill for that? Shareholders.
The only time AML is a buy, right after a fundraise.
Https://www.standard.co.uk/business/aston-martin-in-talks-to-tackle-1-1-billion-debt-pile-b1138720.html
The loss-making British luxury car-maker is seeking to refinance at a tumultuous time in debt markets following the surge in interest rates and uncertainty around rate cuts. Talks are set to focus on a $1.1 billion bond that’s maturing in November next year, with 10.5% coupon puts the company on the hook for payments of $120 million annually.
Https://de.finance.yahoo.com/news/aston-martin-sees-no-recessionary-mood-from-clients-f1-team-poised-to-improve-billionaire-owner-says-210216095.html
Valhalla 'next year' in 2025 like I have always said.
Straight from Stroll's mouth.
Https://www.bnnbloomberg.ca/aston-martin-is-in-talks-to-tackle-1-4-billion-debt-pile-1.2033873
Https://karenable.com/update-aston-martin-time-for-a-new-ceo/
Wise words Edward.
The only reason it isn’t private is so they can raise money from shareholders.
And shareholders are too dumb to realise what’s happening to their holding and actually defend Stroll. Stroll is laughing in their face.
At least I know how to use an apostrophe.
Evidence of F1 not helping vehicle sales, is the sales figures are almost idenntical to before Aston 'ventured' into F1.
In fact sports cars are worse, the DBX has saved the company, and even that has undershot ALL projections.
Stroll is destroying the brand with ultra luxury & F1 nonsense. Good luck trying to compete with Ferrari for the young buyers.
Your average can't be that great if you don't want to discuss it, but are happy arguing against facts.