Member Info for Geovanni

The results published 3 weeks ago show that the company had £978k cash at end of December. They are spending £40k/month. The month of May should be exiciting for Beowulf. Meanwhile 21% discount to the Sweden price. Excellent

The Condor bus

I'll take responsibility for that trade

https://www.youtube.com/watch?v=zj3ttaiSgvs

It is me that sold at 100,000 at 4.92p (12.09pm) on 2 day settlement. Then immediately after I bought 90,000 at 4.92 on 28 day settlement. Done for cash flow reasons only. I expect the 250k sale this morning is for the the same reason.

Except these cruise ship credit offers will not be honoured by the new owners of the fleet.

From today's Norrbotten Courier:
"I cannot give a specific time, but a message will come"

Isabella Lovin is Deputy Prime Minister and co-Leader of the Green party.

Why would Government want to protect this industry? The customers aren't coming back for years. All the Government needs to do is protect the wages of the British people that worked for them and have now lost their jobs.

This is not something that will disappear in 4 months. The cruise ships are always going to be recognised as virus spreading incubators. For those people that don't get the virus in the next few months, they can be fearful that they will get it if they were to go on a cruise, without having been vaccinated in advance. With that cross to bear, the cruise ship industry is going to be toxic for many years.

'The Corporation is taking additional actions to improve its liquidity, including capital expenditure and expense reductions, and pursuing additional financing'.

It sound like the the current lenders have said '$3bn thats your lot'. 150,000 employees, it is terribly sad. It remind me of RBS except they'll be no government rescue. Barclays down 15% today - that will be another Government rescue.

According to the 2019 annual report Carnival paid £71m in tax shared between various jurisdictions. That is on an income of £20.9bn. No public money will be used to save Carnival as the company has no strategic utility.

So Trump said the industry will not be allowed to fail. He didn't say the company will not be allowed to fail. The ships will be owned by a new company with much less debt.

Wouldn't trust Trump.
The company you should research is Condor Gold (CNR). Read the CEO's commentary issued yesterday to accompany the annual results. Watch the two links attached. I have been an investor for 10 years and its time has finally arrived, going the opposite direction to Carnival.
https://www.youtube.com/watch?v=6IuC6sXcWQU&t=2s
https://www.youtube.com/watch?v=sBAENuAHzas

Yes Condor Gold (CNR). Rio Tinto announced 12 days ago that they are entering Nicaragua looking for acquisitions. I mentioned it here because it can provide some welcome relief to the depressing situation at Beowulf. I have been in Beowulf and Condor for many years. I have included a recent link to a discussion that is very relevant. https://www.youtube.com/watch?v=sBAENuAHzas.

We have all had a bad time here and I know some of you will be willing to research Condor and make your own decision.

https://www.youtube.com/watch?v=sBAENuAHzas

Substantially all of our debt agreements contain financial covenants as described in the consolidated financial statements. At November 30, 2019, we were in compliance with our debt covenants. In addition, based on, among other things, our
forecasted operating results, financial condition and cash flows, we expect to be in compliance with our debt covenants for
the foreseeable future. Generally, if an event of default under any debt agreement occurs, then pursuant to cross default
acceleration clauses, substantially all of our outstanding debt and derivative contract payables could become due, and all debt and derivative contracts could be terminated.

Good afternoon Suzy. I don't think this is the time to be metallurgically fussy. This is the time to be financially fussy and curious too. Take a read of the CEO's statement issued yesterday.

It isn't difficult to spot the bottom. The bottom is zero. Look what happened to Thomas Cooke and their income didn't fall to nil overnight. The ships won't sink though, they'll have new owners. Fosun springs to mind.

The world wide recession we are now heading into will result in big job losses in Sweden and big reductiosn is carbon emissions worldwide. The latter is a windfall gain for the Green Party. Maybe they will now be able to back off and start thinking about job creation.

If the central banks start printing money willy nilly then we are heading for inflation and very low interest rates for many more years. If that were to happen then there is only one currency remaining that can store value. I've told you twice what to do to protect your investment values. Last Autumn and three weeks ago. Look upon it as an insurance policy.

If the Company paid the dividend the bondholders would demand the resignation of the board as it would demonstrate that the board is incompetent. This industry is going to be a lot smaller.