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Hi Aubery, not quite sure what you are asking, historic yield curve for B bonds here: https://fred.stlouisfed.org/series/BAMLH0A2HYBEY You can change dates to scale so you can see last few days/weeks clearly and thus that we are back to where we were end of July before the early August hiccup. As for next 5 days, I can't predict what will happen, can only hope, as you say, fingers crossed for Jackson. Maybe the POTUS should try Corbet's Couloir? Always fancied a go at it ;-)
The main thing now with the bond issue is that SM have to be 100% certain of success next time - if they are not they will have to explore other options - a second failure would be a massive hit to the SP and could not be contemplated.
We have to rely of CF's judgement here - this where he earns his salary.
The easy option would be for more equity - with the pound being so low investment could be easy to find from the US or Asia - but we don't want more dilution - although it is probably already reflected in the current SP.
Thanks for sharing Redbull. I’ve been following the government bond market which although improved is still low. Gold prices also still high. Do you have any research in high yield corporate bond performance thus past 5 days? All eyes on Jackson Hole later today.
When they are talking about revisiting the bond process this quarter and with improved market conditions they are talking about what is pertinent to SXX and the Bond Process. If you realise that big coupon rates and warrants were being talked about because of Donald trump and China - and that he has now eased sanctions and been quiet whilst trade deal negotiations are progressing then I think you will find that that is a definite improvement.
Nice extended long weekend coming up, markets reopen on the 17th Aug and then the month of September will be clearly in view.
You'll probably be paying 10p and 11p by the end of next week. More if the bond process starts unexpectedly or PoTUS announces a trade deal with China.
There isn't going to be a takeover. Not a chance at the moment. There might well be a bond agreement made in the near future(sept 9th in my opinion ) there could also be a s b.r digging a hole at up to 12metres a day. So plenty to come for holders of this share.
3 and 1/4 million shares bought after hours yesterday at what I think is an extreme bargain price. IMO the smart money is already moving in. If they move in too quickly the sp will rise and they will not get the bargain they want. It’s a balancing act. Shorts slowly out, longs slowly in. It will change so slowly you’ll hardly notice. ( as per Buffet in coca cola). I’m afraid this is going to be one of those shares that moves upwards so quickly on good news that if you are not in at these prices you will boot yourself as hard as you can after the fact. Obviously all in my opinion( for what that’s worth).
The most obvious is that they are in talks for a takeover or similar - it makes sense and the share price makes it all the more attractive. Thoughts ? —- My thoughts are that your “most obvious” is actually the least likely!
CF - I’m sure the company will be exploring a Plan B and a plan C. My guess is that they may be talking to the government about loan guarantees, and to their existing shareholders. A partnership or merger with a big player like BHP is another option. There may be others we don’t know of. Fraser is a smart guy. He will get this done I think.
Noted but the RNS said they will "revisit the markets later this quarter when market condition improve". I don't see market conditions improving, if anything (IMO) they are deteriorating. Worst case scenario they have to delay for another quarter, 6 months or even longer, what would the implications be - they know they need funds and they know delays would harm shareholder value and they most certainly have advisors who can read market conditions better than any of us so, whats their next steps Me thinks they have some other strategy up their sleeve (i really hope they do). The most obvious is that they are in talks for a takeover or similar - it makes sense and the share price makes it all the more attractive. Thoughts ?
Or the start of it is what the smart moneys thinks should see the restart of the Bond process. Trump having been conciliatory and postponing key sanctions and having been quiet on the China front for a few weeks now should bode well for this.
Nice also to see that somebody was nibbling away and picking up stock today what with the rise. One fund probably getting in earlier than the others what with tomorrow being Friday and then followed by an extended bank holiday weekend. So after tomorrow the markets re-open on the 27th August, so not too long then until the start of September. Then watch the volumes increase dramatically being my guess.
Will soon multiply to 100M and 200M when SXX re-start Bond negotiations.
Too much blood, sweat and tears already expended on this concept - from concept, through to sampling, controlled University testing of the product around the globe on various crops, passing planning, all the fundings so far and mine development today - and that's not including all the forward off-take agreements for Polyhalite already agreed.