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...
A statement was supposed to be issued in 11/12 but an extension was given.......Anyone know the status?
On Bloomberg today
still happening during Asian trading hours as it's sitting at it's highs...On top of that the 6.88 gap was covered and held so that's another plus. Had it closed under there I would really be worried. Point is if gold moves up I would expect to ANV to do the same. I think today was a lot of retail profit taking. That Hycroft mine is so ridiculously valuable and everyone knows it.. And for Bernandomiddo, you want a short squeeze rally of the decade? Day trade MCP cause it's coming.....It's actually already on it's way but I suspect you should be able to get from 7.50 to 8.80 sometime before earnings and who know what king of short covering rally that could trigger. Good Luck!!!
Jupiter I couldn't agree with you more...I suspect institutional investors were well aware of these problems prior to the update....The fact that Buff came in their and is further cutting costs and addressing them is a plus. 2nd, and this is for KWF1, just food for thought, keep a watchlist of all the gold stocks and compare their gains on a daily basis and you'll see that ANV is on par with the rest. ANV outperformed the other gold stocks on Friday. I noticed this last week it gapped up to 5.75 and closed at 5.98, outperforming the others in its sector. The following day it underperformed but on the week was right on par. 3rd, its production #'s, even with the problems, are not close to as negative as feared. 4th, MM moved bid up to 4.07 even after the close so I suspect stock was oversold. Now try looking at it in a different light. First forget the "short rally" thinking because there's only 4 million shares short and that's really not much. Some people, such as myself, went in at 5.50 5.60 when GOFO rates went negative predicting at least a short term bottom in the /GC. On the two days when GOFO went negative, something that only happens a few times in a decade, 2 different "analysts" slap an under perform rating on the stock, but the stock is accumulated instead of making new lows. Suspect......(Yes the price did go slightly lower than the previous low but you usually want to see that on a double bottom, shows that MM wanted to clear out take the other side of the sell order... You'll also notice that when 5.38 was penetrated it was met with a massive buy order that sent the price up 30 something cents, I suspect a short covering by someone.) Now yes this is released on a day where the least amount of damage is done. But it's also met with what I suspect was a sharp spike in short covering (sending price up to 7.50, usually short coverings are done in a sharp ASAP manner as such.....)Also there was the massive short covering in the /GC which is