You ain't seen nothing yet14 Mar 2020 20:09
Regurgitating all these "reasons" in the face of a global economic catastrophe is not going to help, I fear.
This is the end of the world as we know it, hardly an airline in business anymore. Nation after nation going into lockdown, most small businesses being told to shut up shop, and the stock markets will plunge even further on Monday. Next lockdown will be England; I am off to the Highlands with a doomsday bag. Stay here if you want.
None of the ALGW team will be visiting UK or Ireland for the forseeable future, because it is now impossible. I think we can forget about any update from the Boys on Newport Beach, this month.
At times like this , you need to be 95% cash or gold. Forget equities for six months. I thought this stock might be unaffected, but it is actually correlated right now in the absence of the fabled RCF.
It's a bloody shame, but they took too long and were shatt on by a black swan rather than Blackstone.
Sell or put the shares away for six months is the only decision left.