Firering Strategic Minerals: From explorer to producer. Watch the video here.
The agreements that Elbit reached with Bank Hapoalim B.M. at peak had an impact of 30% on their OWN share price since announcement on the 30th of Dec. While Plaz saw nearly 80% increase.... Also exchanges happening in the background are not price impacting unless they were sold at a specifically higher price which is announced...this did not happen, unless I've missed some huge RNS stating this, and I don't think I have tbh. ShareM - I didn't quite get a 100% on my investment but more in the region of 75% but still happy nonetheless. I still maintain this rose on hot air, but also understand that there is still huge potential, but life's full of potential that never gets realised isn't it.....
They don't pay them because they CAN'T - just because you have 23M free cash and 10M restricted cash does not mean you can simply use it all up in one fell swoop to pay off a loan....because you have regular activities that must be accounted for which cost money - especially in the construction sector. I'm glad I made the decision to sell yesterday as I was having doubts earlier that it's rising on hot air....when we get some more transparency / news I may get back in but this was soo inevitable to come down as it went up for no real reason (there were not even that many transactions for god sakes! to justify the % movements which I was trying to mention before)
You're right there is alot going on behind the scenes, which really needs to be made abit more transparent, if they have managed to find a buyer for it, then it cannot be a single source as then they would be obliged to release another holdings RNS for the 13.4M shares. I'd like to put more money in here but not with soo much unknowns, I'll just leave my current small stake for now but unwilling to put more.
As much as I like this shares potential to be a great recovery stock, you can not help but think something isn't quite right when you've had <100k traded and it's moved a massive % (such as 20% in this case). And no I don't buy that Matlot....they didn't suddenly run out of shares after <100k traded even if 100% of it was buys.
If you own a house, which you're mortgaged in....why don't you stop making payments and see what happens.... The reason you might think it hardly happens anymore is because lenders are more responsible now, as they caused the whole freaking recession! Everyone's watching them like a hawk now, so obviously that doesn't happen as much as the people they lend to, are generally able to keep up or with little help make ends meet in times of need.... But don't let that make you think not paying up will have no re-precautions because that's the biggest lie there is.
I believe it is because there is/was a debt payment due in November which they don't have any money to pay with. Just like when you place yourself in debt (mortgage for a house) and don't make the monthly payments, they come and take your house away....
Comparing one of the top companies in the travel market to one of the smaller fish makes no sense....not to mention that it's basically a national brand. So TCG were able to do things many companies can't, no point in comparing the two. Though in terms of options, I believe some are (in my view): 1) They have discussion with their principle lender again to see what can be worked out relating to increasing and/or extending their debt facility. 2) Manage to get some other investors/banks interested to fill the current gap (I believe it's £2m). 3) Sell assets asap (e..g parts of their business) - though this again goes inline with point 1 as if they don't get an extension, this option can't pan out. 4) Unfortunately go into administration.