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Good post,
Good lesson for us all, better prepared, if things do not happen good, if it does your ready....
chevy56
GLTUS
Train leaving the station..http://www.kitco.com/commentaries/2018-01-12/Quality-Junior-Miner-Trains-are-Leaving-the-Station.html
chevy56
GLTA
http://www.kitco.com/commentaries/2018-01-12/Quality-Junior-Miner-Trains-are-Leaving-the-Station.html
Trains leaving the station..
chevy56
GLTA
Kind of suspected this would happen with China, Fake money..MHO
chevy56
GLTA
Big hands interested, interested,http://www.kitco.com/news/video/show/Outlook-2018/1812/2018-01-10/Gold-Price-Shows-Big-Hands-Interested-In-Metal---Peter-
chevy56
GLTA
Good article, from our volume today, wonder what the most nervous catalyst is.
chevy56
GLTA
Slowing Bonds China...
http://www.kitco.com/news/2018-01-10/China-officials-recommend-slowing-or-halting-U-S-bond-purchases-Bloomberg.html
chevy56
GLTA
http://www.kitco.com/news/2018-01-10/China-officials-recommend-slowing-or-halting-U-S-bond-purchases-Bloomberg.html
Slowing bonds china.
chevy56
GLTA
Holding tight,
chevy56
GLTUS
Article, looks to be alrihttp://www.etf.com/sections/features-and-news/promise-peril-marijuana-etfs?nopaging=1ght.
chevy56
GLTA
Looking good...
chevy56
GLTUS
Nothing positive..
chevy56
GLTA
27812
chevy56
Great set-up..MHO
chevy56
GLTUS
Content to wait out for now...at this time not going to touch it..
chevy56
May the New Year bring us dollars
I jumped back in weeks ago, not sure what the status might be for box ship....Company gives nothing in writting of interest to work with..MHO
chevy56
GLTA
Push back to Sessions.http://washingtonpress.com/2018/01/04/jeff-sessions-thursday-attack-legal-marijuana-just-went-smoke/
chevy56
GLTA
10 charts that show why gold is undervalued right now -
Frank Holmes - U.S. Global Investors | about 19 hours ago |
http://www.mining.com/web/10-charts-show-gold-undervalued-right-now/
chevy56
GLTA
Hope gold will continue it`s upward projectory..
chevy56
GLTUS
Who are the buyers retail?.
chevy56
GLTA
Seem to be in the same club. Hoped for a turn around. Well onward and forward...
chevy56
GLTUS
Count me in, what ever I can do.
Thank You,
chevy56
GLTUS
Toxic,
So much info., the amount of money down the drain from hard times incredible. Looking at the millions depressed me..
Maybe possible Box has something going, don`t know at this time. Have not found anything new..
You have been around Box since 2016, your very familiar with history of Box..
chevy56
$100 Million – Syndicated Secured Term Loan Facility (the "Facility")
The Company has entered into an indicative term sheet, subject to due diligence and the signing of definitive documentation, with ABN AMRO Bank N.V., pursuant to which, the repayment instalments under the current loan agreement (the "Facility") will be deferred to the maturity of the loan in June 2017, subject to a cash sweep mechanism and certain other conditions. In addition, ABN AMRO Bank agreed to waive certain covenants under the Facility in their entirety while others will be amended up until the maturity of the Facility.
$31.65 Million – Secured Term Loan Facility
The Company has agreed to terms, subject to the signing of definitive documentation, with CREDIT SUISSE AG, pursuant to which, the repayment instalments shall be deferred up until the maturity of the loan in May 2017 and the covenants under the loan agreement shall be waived up until the maturity of the loan, subject to certain other conditions, one of which is connected to the expiration of the current employment of Box Emma, having a latest redelivery date of January 2017.
Mr. Michael Bodouroglou, Chairman, President, Chief Executive Officer and Interim Chief Financial Officer of the Company, commented: "We are very pleased to have agreed in principal with our lenders the deferment of the repayment instalments, as these terms illustrate the ongoing support of our lenders and will enable us to operate our vessels at lower fixed cost break-even rates. Provided that definitive agreements are executed and all conditions are fulfilled, the Company will not pay any instalments under all of its facilities until the first quarter of 2017."
Currently, all vessels in our fleet are employed under fixed rate time charters, having an average weighted remaining charter duration of three months (weighted by aggregate contracted charter hire). Our net revenues for the third quarter of 2015 of $11.4 million were relatively unchanged year over year compared to $11.5 million in the third quarter of 2014. The improved average daily rates and increased revenues for six of our vessels in the third quarter of 2015 were offset by the decreased revenues of Box Hong Kong and Box China due to the termination of their charters with OOCL in May and June 2015, respectively, under which the vessels were earning a gross daily rate of $26,800 while their current charters with MSC are at a gross daily rate of $13,000.
Our net revenues are also net of the amortization of above/below market time charters, which decreased our revenues and net income for the third quarter of 2015 and 2014 by $0.3 million and $1.2 million, respectively, or $0.01 and $0.04 per common share, respectively. Our average time charter equivalent rate, or TCE rate, for the third quarter of 2015 was $13,184 per vessel per day, which was 1% below our average TCE rate of $13,352 per vessel per day during the third quarter of 2014, mainly due to the reasons outlined above. Our adjusted TCE rate was $13,579 per vessel per day in the third quarter of 2015, 8% lower than our adjusted TCE of $14,748 for the third quarter of 2014. TCE rate is not a recognized measurement under GAAP. Please see the table at the back of this release for a reconciliation of TCE rates to time charter revenues, the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP
Box Ships earnings have declined since 2015 from high of 2014. Tough times times.
Given the current market environment, we are mainly focused in maintaining a high level of fleet utilization, by chartering our vessels with quality counterparties, while at the same time further reducing our costs. Indicatively, our adjusted total vessel operating expenses for the nine months ended September 30, 2015 were about 9% lower than the respective period in 2014."
chevy56
About Box Ships Inc.
Box Ships Inc. is an Athens, Greece-based international shipping company specializing in the transportation of containers. The Company's current fleet consists of nine containerships with a total carrying capacity of 43,925 TEU. The Company's common shares and Series C Preferred Shares trade on OTC Markets under the symbols "TEUFF" and "TEUCF," respectively.
Originally nine containerships.
chevy56
GLTA
Maybe next year 0ver 1400http://www.kitco.com/news/2017-12-28/Gold-s-Bullish-Scenario-Prices-To-Rally-To-1-445-In-2018-ETF-Securities.html
chevy56
GLTA
munhoi,
Anything ever come of this?
chevy56
GLTA
Things look to be heating up..I think trump favors gold...
chevy56
GLTUS
Looks like life, go TEUFF..
chevy56
GLTA
Yep TEUFF ;]
chevy56
GLTUS
Volume getting stronger..
chevy56
GLTA
Not able to download brief, new computer,sorry..
chevy56
GLTA
Hey everyone! Jordan here!
Hello everyone!
Another quick update from Brian Tuttle passed off to AlliedNevadaFraud.com.
The final appeal reply brief was just filed and is available here:
Repy Brief Download Here
Since I don't expect that another update will be given over the holidays, everyone have a wonderful week and a happy new year
As always, keep an eye out for our next update!
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Have no idea how to respond at this point..
Thank You munhoi..
chevy56
GLTUS
Thank you for the articles on container ships. Had no idea life of container ships 12 years. Way it reads upgrades are going on at this time.
chevy56
GLTUS
Hope it continues Backstabbed.
chevy56
GLTA