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i'm sure you are right in what you say Pascoe...can't help thinking while the bond market isn't good the issue of Brexit can't be helping and pushing everything back until after Brexit was also a factor
make sure we ALL use any election votes Wisely!!!!!!
I think you are right that the Govt cannot subsidise,however it can make Funds available on a repayment/return basis and it is acting with a Huge degree of Financial Incompetence if it allows this to go
The main thing when averaging down is that you have to know what direction the company is heading - there is no point averaging down at the moment because we simply don't know that - don't rush in - time is not a factor here.
If you average down without that clarity you could easily find that you need to average down again when things start to resolve themselves - for example if a strategic partner took a big stake in the company.
Admittedly I might be wrong here but I think that as things stand the UK government can not (legally) give financial advantage to an industry. So a no-deal Brexit would allow the UK government to support SXX. If there is a deal of some kind it may still restrict the UK government from offering unfair advantage to home industries. GLA
I wonder.................. Like many others, I think I'm stuck here now, and debating averaging down and probably a further dilution heading, so this is definetly a long term hold for me. I guess the other unknown is what political change is on the immediate (6 month) horizon and whether that has any bearing on funding options. Hate to bring politics into it as I don't trust any of the buXXers really especially when it comes down to supporting private industry. BUT, what if, supreme court upholds decision that parliament suspension was "illegal", what if there is a snap election, what if there is an October election, what if the LD's get in or form a coalition with SNP/others or even labour, what if Brexit really doesnt happen. Would any other party (ies) rethink a funding support in the next 6 months?