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I think I am not the only one that if we hear nothing after the Fed Interest decision this week and there is no RNS by Friday, also considering the improvement in the bond market over the last few weeks then we shareholders are in a perilous position. I know the hard stop on money and the JPM credit facility is the end of October but if it goes beyond this coming week then we have to assume SXX cannot shift the bonds and we are entering wipe out territory
https://edition.cnn.com/2019/09/15/investing/stocks-week-ahead/index.html
You’ve still got 6 working days after the end of next week - I won’t be thinking that this time next week - maybe this time in two weeks I will hoping for news on Mon Sept 30th - I’m just resigned myself to various important things being dragged out to the very last minute!
There has always been a lot of animosity between the Fed and Trump so it is possible there will be no rate cut though having said that I do not believe that the Bonds being sold depend on the rate cut. If that was so then SXX would be very near the knuckle and scraping around for investors to take up the bonds. We all have our opinions based on hearsay , speculation, vague reports etc . At the end of the day CF will get the mine finished and in years to come it will become a member of the FTSE 100 and be a company lauded around the world for its foresight and innovation. There will come a time when every fund manager in the world will want to hold SXX in their portfolios. There is one hurdle to overcome the bond issue, representing only 10% of the total cost of the entire project. In all honesty why would the cornerstone investors back out now when they know they have within their grasp a company that will become a world leader in the fertiliser industry and will return their own shareholders capital growth and income from dividends for years to come.. I know I switch from optimism to pessimism and it is because I have a lot of money at stake and to lose it at my age would be a major hit. Not fatal but would would leave me with a reduced income in my retirement. And to all those who say its a gamble I agree. Yes i was looking to make some money in the not to distant future, my first reason for investing, but I was also swayed that this is a British enterprise based in Britain and something we could all one day become proud of. If I lose everything it will hurt very badly and I only have my self to blame. Buying shares in any company whether they are FTSE 100 or aim listed is just like walking down to the bookies and putting everything on Frankie Dettori in the DERBY. It might look like a winner but strange things happen along the way. Good luck to all those who are waiting for good news and I mean that most sincerely.
woolverstone
"Buying shares in any company whether they are FTSE 100 or aim listed is just like walking down to the bookies and putting everything on Frankie Dettori in the DERBY. It might look like a winner but strange things happen along the way. Good luck to all those who are waiting for good news and I mean that most sincerely".
Very well said woolverstone, someone a few days ago was a little miffed when I suggested this share was a complete punt, but a good punt. Like yourself, there's no such a thing as a dead cert, if it were that easy everyone would be millionaires. I have been investing in various shares for years and I could easily tell some horror stories.
"Buying shares in any company whether they are FTSE 100 or aim listed is just like walking down to the bookies and putting everything on Frankie Dettori in the DERBY. It might look like a winner but strange things happen along the way. Good luck to all those who are waiting for good news and I mean that most sincerely".
naaw, Don't agree with that. When you reseach a footsie 100 (or 350 or aim) company you have far more usable information than you do on the limited knowledge of a few horses or whatever . It is quite simple to pick a basket of good companies from the uk index and buy and hold, occasional re balance and be quids in over the long term.
dadean
I suggest you contact Neil Woodford and get a second opinion.
Thank you JoeSoap1 your comments are appreciated. I am afraid I have now become a rabbit in the headlights. No idea whats going on or whats going to happen.
what does Niel Woodford say???
I bought 2 FTSE 100 companies 10 years ago and are now down 56% on both, Not smart was I!!
No i won't ask Neil anything, he's temporarily lost his edge!
Try explaining that to the many pensioners who have serious cash invested in his funds and I think you would be asked to leave the room PDQ. Dadean, you sound like a very young person who perhaps still has a lot to learn, apologizes if you are not. The key word I previously used was pensioners.......they want / need access to funds in their later years.
Joe, well you are mistaken on age. Now ref woodford i never brought woodford up, YOU DID! so I do not need to be embroiled in a conjured sob story to backup your thoughts on investing in uk listed companies........
Dadean.....You have now confirmed my initial suspicion, definitely a teenager or as the saying goes there's no fool like an old fool.
Jo soap - away bile yer heid ya silly wee body.......
Dadean, all joking aside your last post has raised a smile, I actually do have a good sense of humor and live in Scotland, so good luck to you mate.......bear in mind we all want the same positive outcome. I've enjoyed the banter :-)
And the lord said unto John, "Come forth and you will receive eternal life".
John came fifth and won a toaster.
Well said wolverstone.....this is the week where everything comes to a head......no excuses or theories....this is the week....
The mine will get built...it's just how....
CF will do whatever he has to do to get the funds....and now we're going to find out what that means....
Feels like a strange sci-fi movie where the believers In a religious sect have been travelling through the jungle for thousands of miles to a place where the anointed one will appear and reveal all to them.....
Did anyone wonder why the board looked so down at the AGM....they knew......CF is ok if he looses all his shares....any new company can issue him equivalent share options...
...this is the week....
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Not necessarily.
KOH
Good stuff Joe, enjoy the rest of your evening, good luck
and gla
All very true LL, as usual... But...Do you think the bonds will sell, A - With no strings attached B - With conditions ( further dilution) or C - Fail..?
lauren louise i agree with all you say but have faith. I swing between highs and lows. if nothing happens this week i will sell my holdings on Friday at a loss I know but not wiped out
I hope the bonds are away 0700 in the morning oversubscribed ten fold with an instant SP of £1 ... and maybe it won’t feel like ground hog day for the rest of eternity on here .
It’s almost as bad as hearing about b***** brexit non stop
"All very true LL, as usual... "
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Nothing true in saying "Did anyone wonder why the board looked so down at the AGM....they knew......CF is ok if he looses all his shares....any new company can issue him equivalent share options..."
I'm all for freedom of opinion and expression but that's one of the biggest nonsense I've ever heard. I can see some got to the stage where they take body language and facial expression of some of the executives during some public gathering taking place months ago as a indication of the future performance of the company....Trust me CF (or anybody) would NOT BE OK if he lost shares that could potentially be worth hundreds of millions in a relatively short period of time. Nobody would. I can understand the criticism and am fully aware that the BOD's performance to date with regards to delivery of ST2 finance doesn't exactly exceed our expectations but you are just spreading idiocy and unfounded fears here. Stop doing it, collective panic is the last thing this share needs in this crucial period.
KOH
Sounds fitting LL,Is this CF,In the tunnel https://youtu.be/aADExWV1bsM.