i am scared
17-Mar-2016 10:19:10
Forums
Potential Acquisition - Update
Quick find code: 294-295-346-65774421
Won't know but how would that work exactly.... One set of rules for the Chinese players and another set of controls for the rest of the world? I would think it would just be mainstream for everyone since that would put a lot of different set of coding in for everything I would imagine.
Actually I'm over 18 so doesn't bother me back to playing RS as usual.
Actually I'm over 18 so doesn't bother me back to playing RS as usual.
17-Mar-2016 10:44:27 - Last edited on 17-Mar-2016 10:47:55 by Hot Zone
Original message details are unavailable.
I would like to see Nexus0rigins views on this matter, he seems to make good sense with stuff of this nature. My opinion is that the majority of players seem to be overreacting without having done any actual research. The fact that the Financial Times referred to them as a "lossing" company isn't helping either.
Yes, the company is expecting around $55m in losses for last year, however, the company itself is financially stable for the most part from what I can see. If you compare the stock trends for the company against the Shanghai Stock Exchange Composite Index, you'll see that the company's stock has followed almost the exact same trend, indicating that the company's stock is performing almost exactly as it should.
The company's predicted losses for last year aren't the fault of the company, it is the fault of the industry moving in a different direction. Steelmakers in China have been focusing on buying cheaper, higher quality ores from foreign countries rather than buying domestic ores. It is expected that by the end of 2016, only around 10% of ores purchased by China's steel industry will be domestic ores. This is the time for the company to start liquidating the mining assets and move onto different avenues, just as they have done a few times in the past with other ventures.
If done properly, the company could end the year with over $1b in liquid assets. They currently have around $2b in assets, but have around $1b in liabilities, however their monthly revenue is more than substantial enough to cover the liabilities without having to liquidate any assets to cover the costs.
Apart from last year, the company has been growing steadily for quite a few years.
Of course, being the RuneScape community, I wouldn't expect anything less than panic selling wands and random fear-mongering to such an announcement.
I would like to see Nexus0rigins views on this matter, he seems to make good sense with stuff of this nature. My opinion is that the majority of players seem to be overreacting without having done any actual research. The fact that the Financial Times referred to them as a "lossing" company isn't helping either.
Yes, the company is expecting around $55m in losses for last year, however, the company itself is financially stable for the most part from what I can see. If you compare the stock trends for the company against the Shanghai Stock Exchange Composite Index, you'll see that the company's stock has followed almost the exact same trend, indicating that the company's stock is performing almost exactly as it should.
The company's predicted losses for last year aren't the fault of the company, it is the fault of the industry moving in a different direction. Steelmakers in China have been focusing on buying cheaper, higher quality ores from foreign countries rather than buying domestic ores. It is expected that by the end of 2016, only around 10% of ores purchased by China's steel industry will be domestic ores. This is the time for the company to start liquidating the mining assets and move onto different avenues, just as they have done a few times in the past with other ventures.
If done properly, the company could end the year with over $1b in liquid assets. They currently have around $2b in assets, but have around $1b in liabilities, however their monthly revenue is more than substantial enough to cover the liabilities without having to liquidate any assets to cover the costs.
Apart from last year, the company has been growing steadily for quite a few years.
Of course, being the RuneScape community, I wouldn't expect anything less than panic selling wands and random fear-mongering to such an announcement.
_
_
_
_
_
_
_
_________
_
m
_________
McDelivery Now Available In Canada
McDonalds
-
I'm lovin' it.
17-Mar-2016 11:51:42 - Last edited on 17-Mar-2016 11:55:26 by Nexus Origin
Quick find code: 294-295-346-65774421 Back to Top