Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The virus will outlast the cashflow of most cruise operators. Cruises will recommence but with new owners. Shareholders will be wiped out.
China just recorded 105 new cases, the most for weeks. This will ebb and flow but the virus will be around until there's a vaccine
Spain!!?? You're having a laugh. Spain is in the worst shape in Europe, in the entire world perhaps with exception on NYC. Spain isn't opening up anytime soon and alrlines are a write off for many months to come.
Dream on. Free movement and return to full schedule is more likely next year than this year. I'm still expecting sub 150p....surprised its neem heading north. if this bounce runs out of steam then it'll head south quickly....
Not good news, Expect a big drop Monday in US cruise stocks
CDC extends ‘no sail order’ for all cruises during coronavirus crisis
By Yaron Steinbuch NY POST
April 10, 2020 | 9:01am
The Centers for Disease Control and Prevention” has extended indefinitely a “no sail order” for all cruise ships.
“We are working with the cruise line industry to address the health and safety of crew at sea as well as communities surrounding U.S. cruise ship points of entry,” CDC Director Robert Redfield said in a statement.
“The measures we are taking today to stop the spread of COVID-19 are necessary to protect Americans, and we will continue to provide critical public health guidance to the industry to limit the impacts of COVID-19 on its workforce throughout the remainder of this pandemic,” he added.
The CDC’s March 14 “no sail” came a day after cruise companies announced a voluntary suspension of most of their operations from US ports, according to The Hill.
Since then, at least 10 cruise liners have docked in American ports with crew members and passengers who have tested positive for the coronavirus or showed symptoms of the illness, the news outlet reported.
According to the CDC, the latest order will remain in effect until the “earliest of three situations” occurs:
Federal health officials determine the coronavirus is no longer a public health emergency.
The CDC chief “rescinds or modifies the order based on specific public health or other consideration.
Or “100 days from the date of publication in the Federal Register.”
Who wants to be on the first few flights when things start back up later in the year with a pilot that hasn't been behind the controls for a several months. Not me.
This is no longer trading at an 85% reduction to the recent highs. With the dilution caused by the recent fundraising the discount from the previous high is now closer to 40%, which still seems like not enough discount given there is no business and no definitive date when business might resume in any sustainable way to offset the $1 billion per month cash burn.
I agree that if your lucky there is money to be made trading the spikes, but it's pure gambling and there is a good chance that you'll get caught out at some point when it drops lower instead of spiking higher.
As I have said for a while, this is a punt not an investment, for now. No different to betting on red or black at the casino.
Good luck with your gamble if you're in.
Deutsche Bank analyst Chris Woronka cut his stock price target to $11 from $32
UAL much more volatile airline share and easier to trade. I'm waiting for next leg down to get into IAG. IAG is much more than BA. Spain is a mess. I'm still calling sub 200p.
It's coming off the high and - as predicted - heading south again.
Luddite you tool I was hoping you were still stuck on your roof. There is more than one company to trade/invest in. I've been doing well on LLOY and BARC in UK and UAL in US of late.
I guarantee you this will end up south of 200p before long.
when predicting future highs, folk are forgetting the massive dilution coming from the convertibles - up to 40% dilution. so 20 quid now is the same as 32 quid before.
tradeguns - - it will likely double in a year from the date the ships start sailing. Problem is, nobody knows when the ships will start sailing and if it's not in the next year, they run out f money and the bondholders step in and the shareholders are screwed.
No chance. Just watch the bondholders start to short their $10 convertibles for a quick 15- 20%. That'll keep a lid on the price.
DId I miss the RNS sayin Covid19 has been eradicated and the skies are fully open again?
Sheer madness.
Fully expect a drop back below 200p.
You'd think they'd found a cure for Covid19 and the world was back in business. This is a post placement spike to allow the buyers - including bondholders - to offload their shares and open their short positions.
This will be heading south again soon.
nope. just busy trading bank stocks. i'm not short here. just waiting for the inevitable leg down after the placing shares are added for a punt AND/OR waiting for clarity on when ships may start sailing again before making an investment.
it wont be as soon as matttrump thinks.
in on Friday 27.9 out today 29.5.
back in again under 29 for the ride back up to 30.
15 quid - load of balls
I see you didn't come back to me on the $1 Billion a month cash burn spbhoy
director participation in placings is expected by shareholders. if the directors don't put their hand in their pocket the placing lacks credibility. I didn't literally mean they were forced to but if they don't then it reduces the chances of a successful placing. a director participation in a placing is no guarantee that the sp will shoot up. ask the Sirius Minerals directors. One of them put in 330 grand at 15p last year and seven months later the company was sold at 5.5p just before it went into administration.
follow the money - yes. and that's the point, at the minute there is NO money coming in and no visibility when money will start rolling in
Lucky, you've answered your own question - the fact is that, now and for the foreseeable future, Carnival is NOT a cash generating company. As bald eagle rightly mentions, Carnival might survive, but with different owners (these holding the debt) and shareholders could get wiped out, if cash isn't generated in the coming months.