🚨🚨🚨 BDI peaked at 643 nd has been going back down ever since. When the new locks open shortening many routes by a third it could revisit the lows. 🚨🚨🚨
🚨🚨🚨 If NMM agrees to a 25% haircut as Zodiac has, how are they going to "flourish?" That's a 7% hit to revenue or a $3.2M hit. They'll start losing around $0.04 a quarter 🚨🚨🚨
Better to know that Angeliki is a liar and not get taken in again. Remember the saying: "Fool me once shame on you. Fool me twice shame on me."
I'm selling on the opening pop today. Hopefully I can get another 10%. 40% for a few days work ain't bad. And I didn't have to trust Angeliki one bit.
Did you even listen to the CC?
The "big boy analysts" didn't sound impressed at all. None of them seemed to be buying what Angeliki was saying about Vale.
Neglecting the one time settlement, they would have lost only 33 cent instead of the 41 I projected. So I missed that.
I read the CC and Angeliki really doesn't explain how they are saving so much money on costs. Sounds sketchy.
When the new gates on the Panama Canal open in June, it will cut transit time by a third. One has to wonder how that will rates. Will they go even lower?
Congratulations to those who made 50% in a day on NM though. I only got in on 30% of it myself. A pops a pop.
Did BBEP have pops before it was delisted? What about the huge run in PRGN who will be going bankrupt? Shorts get squeezed all the time. That means nothing for the long run. I always advise Traders to take advantage in the POPS in both NM and NMM. But making an "investment" is insane!
Well I've been hoping people would point out how wrong I am.
Notice that I left out the cost of new builds and of completing NSAL?
Some think that could amount to $80M. So maybe NM only has enough money for a year.
NMM lost $7.47M this quarter. assuming that they aren't going to be getting a $14.9M settlement again, they will lose $22.37M a quarter. With $157M of cash they can run for 7 quarters more.
On the CC Angeliki is adamant that Vale isn't going to be let out of the NSAL contract. So if she's right, then NSAL could still be what saves NM.