Levithian

They werent canceling shifts, they werent offering any at all. They just stayed closed and ran on the bare minimum staff to "keep the lights on", while staff went on job keeper.

They are prepared to shit all over their reputation/good will/whatever you want to call it to get another 20c in the share price. Just like they are prepared to shit all over the other private share holders by selling the company off drastically undervalued knowing they (the kirby's and burke) will make money, but just about everyone else will be a hard luck story and blame covid. Money wins vs what is open/closed and if they should have kept the gates shut until they had more to offer.

It wasn't. Have you been to a show at outback spectacular where its used on the sand to project a creek bed and running stream? It looks great and is very well done. Even the back wall projections are better and blend in with the floor projections, so village can do a proper job of it when they want to. They just did a really shitty job implementing it at scooby doo.

Time wise, not a problem. It was the deaths at eagle farm race course that ushered them in. But, as already said, industrial manslaughter charges only prosecute deaths to employees.

The problem is village can go to banks and capital partners and request a loan. Even though their figures arent great either, it just basically means they'll pay more in interest, but they have a lot of equity in the company just in terms of value of the holdings, ie each business adds up to being worth a fair amount of money, so while it means the company will be further in debt, they'll get the money if they need it. The share offering is way under realistic value of the company if you want to use it as an example, with the near atomic bomb that covid has been, a capital firm still thought enough of the company in these terrible times to offer them a buyout to nearly half a billion dollars. Even if your company has debts to 300 million, you can look at profitable divisions and see the result (and return) of securing capital to fall back on when needed. Ardent... well, they sold off pretty much all their capital in the US because the company was going backwards. In Australia they sold off what remaining capital they had in things like AMF bowling centers too. So it puts the company in a position where they don't have a lot of tangible assets and they want to borrow money to recovery a struggling business that has been written down in value each year since the accident. Don't forget the legal issues still haven't been resolved yet either. So what are they borrowing against? You could argue they have no goodwill and the company still hasn't recovered so you have no cash reserves from trading, so anyone lending them money is basically running the risk of becoming a creditor if they fail. That's essentially the same with everyone else that borrows money, but lenders don't like risk, not unless that risk is calculated to work in their favour (ie they lend money, they step in and negotiate the outright purchase of the business when the loan gets called in and the company has to default). The risk lendering dreamworld must be huge, possibly so large that nobody will offer them any credit. So it means Ardent are in the position when their biggest asset doesn't offer any equity to secure the loan which makes it difficult to drum up another 100,000,000 - 150,000,000 to cover their COVID losses and get the redevelopment back on track. You could end up with a situation where all these things happening within the last 5 years has completely sunk the company and the only way out is for someone to buy them out, possibly renegotiate some of the debts they have and have enough capital behind them to rescue the business. That largely depends on if someone big enough thinks there is a long term investment to return the park to the 400+ million it was worth prior to the accident and even if the company has fallen so far they are close to insolvency.

You need something to open to though. At the moment, approx half the park is going to be closed at movieworld (while still charging full price). The public will (and have started to) voice their opinions on whether they think it stinks. A big hit to the public opinion might be worth a few extra million to the sale.

Im assuming because seaworld was largely still running behind the scenes while covid forced closures. They probably had literally nothing to open at movieworld or wet n wild when seaworld opened otherwise they would have opened them too once they got the government approval.

What does that have to do with arkham?

Because you have to start paying for them.

Then why is it odd?

You guys seem to be forgetting the sale of the company comes with a provision of a higher sale price if the parks are back open and people are back at work when the shareholders vote on the sale....

Who is the most professional and respected person?

Lots of plastics, fibreglass and rubber used in everything amusement ride. Things that degrade under normal UV conditions. Bombard it with massive doses, you're kinda cutting your leg off anyway.

See the lumens rating? cinema range is more like 15-20,000 lumens. Big buildings, big throw distances. Need a lot of light. When you throw in dual pipe for 3d operation, start talking over 100k. More like this. https://www.digitalcinema.com.au/digital-projection-insight-dual-laser-4k-projector-64hz-lens-sold-separately.html edit: Or something like this for half the price. https://www.digitalprojection.com/emea/dp-projectors/highlite-laser-ii/

Haha. So all the news reports were just out right lies. 😆 Wonder what happened when the government got wind of it. The purchase offer of extra money for shares if the park is open and people are back to work seems to be a strong motivator. edit: heres the original news report.

@Bikash Randhawa if you are here answering questions; is it really going to only be 4 weeks to get parks open and running again as normal when you get the go ahead from the government to run with less restrictions, or is it going to be more a case of bringing rides back online as soon as they are available?

Theres been a study come out from bond university on the gold coast saying approx 15% of positive coronavirus tests were from people who were asymptomatic. Walking around for weeks infected without displaying any signs. Nobody seems to be critising the study, so it only highlights that regardless of people numbers, social distancing is probably the most important thing to focus on and is probably going to be with us for quite awhile. The longer this progresses, the more established the two camps seem to be too. People come first, no matter the cost; or only a few people have died, everyone back to work!

The sticking point might also be social distancing rules and how to operate queue lines and load platforms with a 1 person per 4 sqm rule, and how you can distance guests in ride cars too. Could you imagine the wait times on something like scooby doo if you had to split people up by household? All those 1s and 2s turn into their own dispatches. Even a big space like the inside queue line wouldnt be able to hold 100 people under the 1 per 4sq m rule.

That would be kinda cool though if it was like a giant boardwalk. Great vantage point when walking around the park.

Simple. Park capacity is around 14-15000. So saying half capacity is just that. 7000. Doesnt mean they think they need 7000 now to open. Why? Because september holidays are traditionally busy, a few thousand probably wont cut it then. Dont forget the sale is based on some very specific operational requirements too... As there is no plan after stage 3 and no mention of when you can return to major crowded events, makes sense to put a plan together and get concessions to allow 7000. Realistically, due to social distancing it could come the christmas holidays and we still havent allowed major events and gatherings of people in such great numbers. So youd probably be coming up with contingency plans now.

Might be able to move some of the out buildings without moving the stages though. Things like the sheds and production offices, stuff that isnt rooted in the ground. Especially if they decide they want new buildings. Like, you could absorb the land the offices are on next to dc rivals, superman and arkham asylum, move them to land near where the studios main front entrance gate is now, then repurpose it for when arkham asylum is closed. Would more than double your available space. They arent selling the park, they are selling village roadshow the company. That means theme parks division, cinemas, radio, production. The whole lot. So that includes the studios too.

There's 2 dams. The one on the movieworld side is used for wild west falls and for portable supply within the park I believe. If the sat photo pulls back a bit you can see the other one across the road and next to paradise country. Its within the fenced park boundary when you drive around the back road, you can see there is park related stuff stored in and around those buildings which weren't included either (hence the post). it brings up another question too though. Generally when you see these figures quoted for park sizing its including things like the car park too (as parks have shown they can use every bit of available land if they have to). In the case of movieworld, it's not even a shared carpark, so maybe it should be included in the land totals too? Probably why the combined total is so large, it includes all available land.

I believe the small lake/dam and the buildings next to it are all part of the park too. Right to the road way to paradise country.

Id like to see the political fallout if scomo pushes to repealing the income support payments. Do you think they are prepared to put their careers at risk when they were predicting 10% unemployment? Especially if it carries through until next year like predicted. Wonder what it would do to those effevtively already defaulting on mortgages and only surviving on the payments + suspending their loan repayments.

All this stuff creates more hassle and more overheads (cost) for parks. Its a further nail in the coffin of opening early. And all this is before you even think about what people are actuallu prepared to spend. Its not good enough to have the potential to open your gates if consumer spending is still very low, unemployment is still very high and people are feeling the stress of just paying all their bills. And lets not forget that everyone is forecasting a bump in infection numbers and clusters to form as we head into winter with relaxed restrictions. What would it mean if a cluster formed centered around a park, either started by a guest or even staff? How much damage would that cause your business as its a guaranteed national headline, so does it mean you need to look at screening all guests before they come into the park? Still seems like a lot of unknowns with the government just expecting businesses to take on all the risk. Now theres already talk about having to extend the job keeper and job seeker payments past september as businesses are not going to recover in a few months and people will need further income support too. I Imagine its a very complex decision you dont want to get wrong and go too early.