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We just have to hope that SM can get the bonds away despite Trump.
I will only be happy when I see a second attempt on the same terms as before.
JiffyBag
The trouble is that Trump isn't a conventional politician - his agenda is different - he needs enemy's - everything he does is about re election in 14 months time. He creates these enemy's - the Washington establishment, the media, fed chairman Powell, Muslims, the Chinese - the list is long - so that he can basically beat the hell out of them and appeal to his core electorate. Yes he will eventually settle with the Chinese but only after he has won - in his eyes - this has many months to run yet.
One way or another this will all settle down. Do you honestly think American businesses will say, yes Mr Trump no more Chinese trade for me.
Answer no, China will use the power of currency devaluation to maintain competitive pricing. at the point of equilibrium trump will fold his cards on the table and strike a deal. All we have to worry about is that the point of equilibrium is reached before the end of October when the company run out of money.
How do you think billionaires are made. Its not from working its from screwing the little guys
I agree, you can bet your bottom dollar that Trump and his cronies are placing their bets on gold or oil or whatever prior to each of these explosive tweets - easy money for them, but if that ain’t insider trading I don’t know what is!!
Trump or ffc...........?
if Trump, I worry bout his comb over............. as there's no cab......... :)
All the best (ffc is more than welcome to tractor with old blue :()
Chesh get him on old blue, around the Reeperbahn take his mind of the tariffs
You can go for no.1 slot on the ramper scale ffc..............!
good luck on that one........... :()
All the best (boom !)
4 tamper read ramper and 4badger read basher!!!!! Bloody predictive text
I don’t know what’s going on any more!
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Market manipulation on unprecedented proportions!
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Market manipulation on a presidential scale!
I don’t know what’s going on any more!
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Market manipulation on unprecedented proportions!
Don’t filter me I’m a nice guy.
Honest !!!!!!
Then of course you can always filter them at will ala Verde lol
And apologies to the newby from the other day I can’t remember your name but you really must dyor like the others said I’m just a rampant tamper here 1!!!!!!! You must listen to the badgers as well
Very good point chilting and yes that’s a major worry but I just have to believe this will be done. Look at progress , the SBR arriving ,the jobs being advertised, the facility in stoke for making poly , etc etc etc surely we would notice some kind of slow down rather than the “full steam ahead” which we are witnessing???? No guys I’m still positive and I’m sill sleeping soundly !!!! Please that is aimo so dyor GLA
Ffc
I’m no expert at all in this - but looking at it very much from the outside it just looks like a game of cat and mouse - tweets are sent world economy spirals down - another tweet two days later - spirals up. And on and on it goes. Honestly I don’t know what’s going on any more!
or that they may have to issue convertible bonds, for example, to get them away.
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Maybe you’ve been listening to someone who’s gone from a 67p share price with bonds gone to a year or so at sub 20p based on a lack of trust?
I simply don't think that SM will try to get the bonds away unless they are 100% sure of success.
ffc
My concern is that SM might not find a window to sell them in over the next month or so - or that they may have to issue convertible bonds, for example, to get them away.
I'm struggling to believe that these bonds might not get bought ! I get the worries but we are offering as high a coupon as can be found ? They say that potus could screw things up but even if he does, don't institutions still want this kind high rate / surely as we are still building the mine the current climate dose not affect us or our ability to pay it back , ( probably wouldn't lend on this scale to builders right now ) One could argue the case that the climate may be bad just when we are due to start producing so dont lend ... I think between sxx and JPM they will find a way .. ffs trump could still be there in five years time dose the world have to stop because of that idiot ?????? I think the only person that stops our MPs looking quite so bad is that prat ..... No well will do this I still believe ..
GLA
ffc
Totally agree avocet - this is the worst thing that could have happened re the bond issue.
CF now has to make the decision of having another go at getting the bonds away in a period of instability when frankly anything could happen. The trouble is that another failure could not be contemplated.
The only option now may be to offer convertible bonds or go back to issuing more equity - with the pound being so low issuing equity may be the easiest and safest option - but off course we are stuffed if that happens.
Its CF's call.
I thought the bonds would most likely be brought back beginning of September because leaving it to the end of the month would leave our cash reserves very short. After yesterday I think market conditions are worse than they were when the bonds were first pulled!
This leaves me hoping that they will improve in the next 3 weeks, but trump and China can continue they beef for much longer than we can stay solvent....
Throws his toys again, on a positive note it could be good timing... It was always going to swing back in the tit for tat playground mentality of all of this. At least by happening now it gives us time for a period of instability, some fallout to head Trumps way and then something positive happen to calm the markets again... Just in time for a bond issue.
I imagine CF will prepare everything and only issue when the window presents itself in order that they sell...