Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Aiming for low 3s mark close prob around 3.05
Apologies Mojo
I just found your previous post. https://ibb.co/h29DbQQ
So you are hoping for as low as possible ?
Have a great day mate. Re Glencore, kicking myself too but possibly another opportunity soon as with BP.
Hi Mojo mate
Apologies for the bad memory. Have you any current trade / short regarding BP. If so, what is your hope / target for the SP ?
Looking that way so far.
get down baby get down:)
Looking good for you to end in profit :-)
moyo,
That's called potential. ;-)
e-tank
Yes and HSBC use to be up a 6 quid share.... just saying lol.
moyo7865,
HSBC up 4.16% at the moment...........just saying!
e-tank
President Xi calls all the shots and can do what he likes.... so nothing is out of bounds to ensure China comes out on top imo.
They still have 30 day grace after Thursday , so prob be a negotiation to stop a hard wall.
The risk sentiment got a bit of a boost, earlier on, after Evergrande announced that the main unit Hengda Real Estate group will make a coupon payment for onshore bonds due September 23.
However, the risk-on flows quickly ebbed after investors reassessed the risks, considering that China Evergrande’s repayment to its foreign bondholders still looms on Thursday and that nothing is announced for the same.
That’s the domestic bond they’re still unlikely to meet Thursday foreign bond interest payment.
Suggest you sell now if that's what you think a this stock is
News on bloomberg this morning was that Evergrande will meet it's interest payments and Chinese Govt is adding another 120bn yuan of liquidity. Seems that they don't want to let it go bust.
Buyback should last another four weeks +-
Only the start like I said.
Reportedly, Evergrande also owes money to about 171 domestic banks and 121 other financial firms. Therefore, if the company defaults completely, there will be consequences for the banking system. A credit crunch could follow, analysts fear, which would be bad news for China and the global economy.
UBS estimates there are 10 developers with potentially risky positions with combined contract sales of 1.86tn yuan – or 2.7 times Evergrande’s size. In other words, Evergrande is only the tip of the iceberg.
Beijing is facing a dilemma. If it steps in to bail out Evergrande, what message will that send to other heavily indebted developers? If it does not help, the fallout could spread to other sectors of the economy.
But correct
Jmak lmfao hahahaha
@dollarboob - probably in around 3 years' time
can someone advice when buyback finishes? i want sell my shares today and buy them back at 2.90.. so when buybacks are ending? as they keep price to much up
It probably makes sense more on indices but they can be more volatile you never really know which direction they would go in because of the makeup of shares in them. With an individual share you just need to focus on that and the commodity in general.
Thanks Mate, for your response. Hope things work out for u, I don't have balls or money like you to risk on 1 stock.
If your reasoning do fall in place would it not make sense to bet on oil or Indices instead?
As BP could easily do what Shell did for their shareholders.
I'm willing to let it ride up to 3.4 peter before I admit defeat. Until then Yolo.
888k margin Jaye. I just don't see the rose tinted glasses aspect with the current market. High debt levels and risk of default on many things. Consumer borrowing at an all time high i.e. over leveraged housing market on a global scale. Chinese slow down etc etc etc. I'm still leaning on the side of a massive correction on the downside there's still many things that weigh on the downside to me. Most shares are still down from the highs of this year.
Some see things differently and I agree gas prices going up has been a rocket behind the current movement but, like all commodity rises like that it's unsustainable. What happened to the mining super cycle? I don't think those losses we're seeing on that side of the commods will recover for a good number of years. Let November come around and COP26 and we will see where the share price is. Also Evergrande isn't out of the woods yet there's a number of bond payments due in a short time. They kept Lehman going for a little while too until the ones in the know could cut some of their losses and before they revealed the magnitude of situation. But hey what do I know BP 450p by Dec right?