My apologies Evangelou......That was partly why I was hating on Krim.....So on the topic of this Board....Any thoughts on NBG warrant buyers desire to speed up the Warrant maturation period... I can't come up with a good/bad reason? Article was on Ekathimerini today..
But let me guess.......Ad hominem
What happened to EXM, if the rally is real where's GNK or DRYS.. You have to go to NAV or DSX (which is Cramer pumped) cause they have solid books.... Even balt has good books but they dilute shareholders just like DRYS.....still on ignore
BTW Krim you're on ignore cause I don't care for starting a worthless argument, just trying to save other people who only read charts some money
Every rally will be met with share dilution...Don't touch any drybulk shipper till BDI is over 1600 and makes new highs. China just delayed their iron ore restocking cycle a couple months to get a better price on iron ore but the Q3 rally in the BDI is an every year occurrence (except 2012 which was an anomally)... Don't buy a #$%$ company with monster debt, many startups, probably one started by Soros will be a better bet... It's like buying STP instead of SPWR (I know sunpower isnt a startup but it might as well be after it was Buffeted...
Furthermore, that rally was an iron ore rally, which spot iron ore is stuck at 136 and you can find the daily price listing at macro axis......Wik* supramax and you'll find supramax are seldom used for iron ore shipments. It was just a spillover from all the capesize being taken up. But the next in line is Panamax, which is why they are rallying harder than supramax
Yeah i trade NBG so Ive seen you on stock twits and just want to point out what a d bag this a**hole is... It was shorted hard which pushed it to 8, on short COVERING, because of its EXTREMELY LIGHT FLOAT, because it was on its way to having its debt restructured but was interrupted by a short rally in the Baltic dry index.. .....
1. Rally was most in capesize, second in Panamax followed lastly by Supramax (Eagle is 100% supramax)
2.You forgot to mention they have 42 million cash, 1.17 BILLION DEBT
3.Dry bulk shippers don't want to write down book value but if they sold those vessels they would get a fraction of that 33$ book value. That's why Gnk is probably at 20$ but trading at 2$.
4.Doesn't mean drybulk is bad though, there are some plays, but if you buy #$%$ like this then watch your shares be diluted over and over. Best low ball drybulk is probably Balt but they've even been diluted thrice in the last 4 months. Googl baltic dry index dryships and you'll see supramax is the weakest index of the bunch. Don't bother answering Krum you're on ignore...Hope you sell youre nbg
due your dd
Do they even have a shelf offering on the books with the SEC? Serious question though anyone know that?
They have plenty of cash after merging with Mercury which had 10m and almost no debt.. On second thought, short rsol at the figure, please...