Member Info for StanleyPro

@Sotolo, we have to wait and see if they can also get a permit for a new vein at Pallancata.

predictable and in line with the news posted at the beginning of March - they need more time as we've discussed on this board.

1) Heavy loss, not worth selling better to go down with the ship.
2) Under 10p average so all odds to break even if any plan leaves something for the shareholders, even a modest recovery would work for me.
3) There's still a chance that some parts of the business would be retained by Cineworld PLC. In that case one would expect a recovery to at least pre-August rns levels ~24p. This has been my conservative target since the beginning of Ch.11 process.
4) This is personal for Mooky and I believe that he can steer his way through Ch.11 and surprise us with a positive twist. It's not easy to part with your family business, especially the RoW and cinemas in Israel.
5) CINE has undergone a tedious restructuring process with many lease rejections and re-negotiations. I don't think this is just to please the lenders, making them more profitable after D4E. The tone in numerous rns is different to their responses to customers where they say: "business as usual, it's just financial restructuring to make the balance sheet stronger for many years to come." etc. etc. "your unlimited membership is not at risk".

hi mountainous, whatever will be in the next rns we'll need to give it a few days or maybe weeks for the SP to find a new level. I really hope that Mooky doesn't throw us under the bus

Forget about cineplex, they would get nothing as the result of appeal. Mooky & Co. remain confident that the appeal would reduce the compensation drastically and why shouldn't it...? The reality has proven that there would've been no synergies - claim dismissed. A judge would probably award them compensation for a failed acquisition and legal expenses that's all they can hope for.

Mooky's considering selling the RoW business. I actually don't see it as good news for the shareholders because we're left with fewer options. The debt-free RoW is not just some part of the group but arguably better functioning & profitable business that could be used as a foundation to build a larger cinema network and any potential buyer knows that. It could fetch anywhere between 400m$ - 1bn$ depending on how much they want it and most of it would go to cover the current liabilities. If Mooky sells RoW closer to the 1bn$ mark would it be enough to settle a large chunk of high interest rate loans, already partly covered by DIP? Most probably, Regal would be totally consumed by the lenders and then we have to hang on to the UK business which is a tough ask if the D4E is significant...

but why should lenders decide who's in charge? Not before D4E takes place!

Hi mountainous, I'm also here with many more shares that last year, albeit lower value. Hopefully, the upcoming AGM could be used to clarify many questions fiercely debated on here. I also hope that any dialogue is constructive rather than throwing angry questions at Mooky.

"not expected to result in any recovery" and "get nothing" have different meaning, Elvis. If you've got 100p avg. and any restructuring plan could potentially squeeze out a maximum of 20p / share going forward than you're not expected to make a recovery.

@Tegop, hoping for much more than 1%, about factor 10 more. It may well be that only part of the debt is swapped so that CINE would not be in such tight monthly cash flow deficit and the business is allowed to carry on after restructuring.

Hexam, was about to write a similar comment but you beat me to it. This question pops up every now and then because some people understand dilution simply as issuing more shares at a lower price. However, in our case if the lenders accept D4E, shares in newco would be attributed to the lenders based on the estimated valuation of newco. Say, the lender A gets 10%, lender B gets 15% and so on. The million dollar question is how much would be left for us. Hopefully, the current equity holders would be offered to convert their shares into new shares at some acceptable rate which of course depends on our % of newco.

it's quite some range, yes but valuation depends on many factors such as oil prices, sentiment etc. From TA view point, for example, it would be consistent if the gap to 130 is closed. I'm not suggesting this will happen any time soon but the stock is detached from fundamentals. Is there any other oil & gas company where mcap is 1/2 the yearly gross profit?

@NSVPatel, from your posts it's evident that you're not a holder, nor looking to buy. Also don't seem to have a short position, so what's keeping you on this board? Genuine question.
I haven't sold a single share in TLW since Jan 2020 and happy to wait for the recovery. I don't regret not selling at around 60p either because when it gets to 60p again it's highly unlikely that I will sell, simply because I don't see it as fair value. Imv, TLW should reach 90-140p if they manage to add extra 10-15kbopd.

Hochschild's vice president for legal and corporate affairs, Jose Augusta Palma hinted that they expect an outcome of the modified EIA in the coming months. This was published on 7 March: https://www.rumbominero.com/peru/hochschild-apuesta-mineria-peruana/

@HappyInvestor100 I think you're confusing the FCF - debt repayment link. TLW's gross profit is more than 2x current mcap (over $1bn) and as Rahul said they're not focusing on making repayments ahead of schedule while there are other good opportunities that would allow Tullow to increase production. In my view, we need to find extra 10-15 kbopd. Why would you rush to buy back the debt and get stuck for ages when you can use the money to develop producing assets that would clear the debt + keep producing for 5-10 years?

definitely not a good time to sell either, at a 52w low! So far has been brutal.

two old friends, PMO and TLW.

it seems that today's drop is way overdone if you take the negative sentiment out of the equation. However, I think the SP can sink even lower, especially if the interest rate goes further up. On +ve sentiment I see the SP returning to 310-330p short term and if the doom & gloom persists than won't be surprised to see 240p.

@maidit308, talking about December 2022, docket 1299: "Debtor-In-Possession Monthly Operating Report"

to me it's worrying that CINE showed a loss for December, at the time when people are going back to cinema. I'm not an accountant and maybe it's just a knock-on effect but if Avatar couldn't propel CINE into profit than we're in serious trouble with a future plan.