If you start with £100,000,000.00 in the bank earning a 5% interest rate, compounded annually, and make £0.00 deposits on an annual basis, after 1 year your savings account will have grown to £105,000,000.00.
Therefore, the daily interest would be £13,698.63.
Should be enough for a few bottles of wine for the BOD before eating into the capital
All this talk of how much money has been spent etc etc, blvn received the money back in March and I believe they have some £150m in cash in the bank right now or near abouts , well I wander what the best interest rates have been agreed on to keep some / much of that money on. So when it come to the question of how much have we spent we should be asking how much money have we MADE in the last 6 months.?
what do yo mean breakeven price? Clearly cheap as chips to get out of the Saudi desert
...guess you mean to balance the books...well there are plenty of alternative ways of doing that (reducing bloated spend for one)...sure, that may be a trifle uncomfortable & may pose some challenges to the Saudis, but I wouldn't term that breakeven
Rum, that old chestnut....a paid de-ramper...you have no evidence that they even exist! Who's paying them? What evidence do you have? No serious investor takes any notice of BB's, they are simply a bit of fun to while away the day. That's just an excuse that bad investors use to make excuses while they lose all their cash! Just like market maker manipulation! You have yo laugh at some people!
So the answer to my valued reasoning is that I must be ill because I have posted 500 times on a bulletin board. Well how's this then marthasson 4809 posts mostly about Bowleven. Nothing wrong with that. Just a fact. Just remember ,the majority of sensible investors have listened to all sides of the argument and made their own decisions.
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