Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
DRYS will make a lot of money with all these ships and very little debt. We will too if they ever stop diluting.
I picked up a few this morning at $1.07. My first TOPS shares. Rolling the dice.
Hey Clay, why are your closing prices lower than everyone else's? Others show closing at $1.65, which would not be under your resistence line.
(Not the first time this has happened)
That author also mentioned that we exercised all 4 VLGC options. We have only exercised 2 so far. DRYS has until April 4(this coming week) to exercise the other 2. If they exercise the final 2 next week, DRYS will be out of cash. They will have to decide whether to dilute or finance for further ship purchases.
Too bad the guy doesn't even know if the $83.5m is for 1 or 4 VLGC ships. Be wary of that author. The PR on January 5 from the company clearly states $83.5 for 1 ship, $334 for all 4.
PBK, I agree wholeheartedly. Greetings from Florida.
Simply put, it doesn't matter.
Here's his math error: Each VLGC cost $83.5m, his numbers reflect 4 ships for $83.5m.
Terrible analyst coverage:
Here's the real numbers:
*cash equivalents: $455m
*Owed for planned ship purchases:
*4 vlgc, $300m left
*2 tankers, $102m
*4 Newcastle, $124m
Total: negative $71m
The analyst left off a few numbers and a few ships.
Where are they going to get that $71m?
Right now we are weeding through the 2 penny flippers. Then they will be left behind or become the chasers.
Wow! Thanks.
Thanks tek.
Looks like it will be a little longer than "a 3 hour tour."
And on the flip side: Less ship days(less money for shippers) needed to get to their destination via Panama Canal.
The link has been posted here several times. 2 of the 4 VLGCs leases are with Shell.
Proof please.
Show a link about 4 being the limit please. I have read there is NO limit.
Panama's index WAY up today!
The bid was massive yesterday too at $1.34, but wasn't there today.
Diana sure has been around for a long time.
But the MMs can.
Started by you?
Count me in
The good news is that Kalani was not mentioned in this offering.
I SO hope you are right!
Is it just a coincidence TOPS and DRYS are trading at the same price?
Any chance that the r/s hasn't been announced because of upcoming good news, making it not necessary?
That sure would be nice. Probably the final financing for quite some time.
How are they going to leverage when Sifnos has first lien? Who will lend them money when they couldn't pay the previous banks? I am long and hoping, but many questions remain.
Tell me how he is going to pay for the ships he is looking to buy? Most of the "liquidity" is already spoken for on other ship purchases.
500m in 4 months. People seem to overlook the first $100m.
3xs in 4 months. You would think he would have stopped at one.
It sure hurt the share price. That's what most here are concerned about.
Good luck in getting answers. I didn't.
Stockholders would react positively to a "no", but you did not state that.
A lot of that money is already earmarked for ship purchases announced. (And he says he is looking for more). I hope they consider conventional financing rather than Kalani.
But what if they want to do another $200m round to buy more ships? The price it is now won't support that at current share price without a r/s.
So we have two different technical views now from chartists. Let's see who is right Monday.
Good point.
They announced before yesterday's opening that they were finished.