Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
...and just to add to that, oil is less than it was 15 years ago !!
...and my hairline is a lot less too lol.
It won't go ahead IMHO. Where that leaves the debt maturity et al is then another question entirely. It is also why I think that ARCM are in no rush to close their short. Luck, on their part, is an understatement :-(
I wonder at what price ARCM will start closing their shorts? They are already in the money now on a decent percentage, but are they going to be greedy and keep it in play? It grieves me how blinking lucky they have been :-(
I may well be wrong, but I can't see the RI going ahead now for a good few months at the very least.
This is almost definitely worth a quick read for anyone (from the Beeb): ...in essence, humidity appears to be the 'killer'.
https://www.bbc.com/future/article/20151016-the-real-reason-germs-spread-in-the-winter
Patrm, I believe that you are somewhat misinformed with regard flu:
"Around 200,000 Americans are hospitalised each year because of the flu, with the mortality rate between 4.2% and 10% of those hospitalised, based on the Center for Disease Control numbers.
Most people who catch the flu, however, are never hospitalised so the overall mortality rate is much lower, less than 1%. All of Covid-19 patients are hospitalised as far as we know making it a more severe, and potentially life threatening, disease."
Flu is not 20 times less likely to kill ... half to a third perhaps, but that also depends on how effective the vaccine is for each year's strain. In addition, it has already been stated (perish the thought by the media themselves!!), that the virus in 80% of people is very mild and many may have it, or have had it, and not been aware.
I do not say that it is not wiser to take precautions (I myself am bad enough if I get a normal cold lol), but this isn't an Ebola type virus. With the current projections for a vaccine running between 12-18 months, then if it is as bad as it is being made out to be by the sensationalist media, then Thunberg is out of a job as we will all be dead (or enough of us to put a huge dent in CO2 emissions).
Funny how this part got buried with all the gloom!! Even stranger that an American company is the first on the scene (wouldn't even contemplate any idea that they had a 'head start' ... umm). Anyhow, Trumpy will want his market back up soon enough, so it will all be over by then lol.
Clinical trial of possible coronavirus drug now underway
While cases of the new coronavirus are increasing worldwide, scientists are working on treatments.
US health officials say the first clinical trial of an experimental antiviral drug that could treat coronavirus has begun, at the University of Nebraska Medical Center in Omaha.
The drug, remdesivir, has been developed by the US-based pharmaceutical company Gilead Sciences.
It's now being trialled on patients who've tested positive for the new coronavirus. The first participant is an American who was repatriated after being quarantined on the Diamond Princess cruise ship in Japan.
Earlier, a World Health Organization (WHO) official told reporters in Beijing that remdesivir had showed signs that it could treat the virus.
"There is only one drug right now that we think may have real efficacy and that's remdesivir," Bruce Aylward, an assistant director general at WHO, said.
Of those which I detailed, 6 of those were 2018 & 19 under Trump!!! Whilst today is not to be ignored, in percentage terms, it's not (yet at least!) what some would have you believe. The key is not one day or even a week, but how sustained and fall will or could be.
Whilst I do not, by any means, dismiss Covid-19, I'm blinking glad it's not an Ebola type virus!!
GL and good health to all.
Nah, just a sniffle:
Date Close Points Percent
15/10/2008 8,577.91 -733.08 -7.87
01/12/2008 8,149.09 -679.95 -7.70
09/10/2008 8,579.19 -678.92 -7.33
17/09/2001 8,920.70 -684.81 -7.13
29/09/2008 10,365.45 -777.68 -6.98
14/04/2000 10,305.78 -617.78 -5.66
08/08/2011 10,809.85 -634.76 -5.55
05/02/2018 24,345.75 -1,175.21 -4.60
08/02/2018 23,860.46 -1,032.89 -4.15
24/06/2016 17,400.75 -610.32 -3.39
10/10/2018 25,598.74 -831.83 -3.15
04/12/2018 25,027.07 -799.36 -3.10
14/08/2019 25,479.42 -800.49 -3.05
22/03/2018 23,957.89 -724.42 -2.93
What a start .. peeing it down here and the old SP knocked for six already too. Ah well, on the plus side no point me sat here watching as the direction will be somewhat self-evident for a good while now I imagine, so time to walk the mutt and get on with a mountain of other things. I wonder if ARCM will see an opportunity to close out some of their shorts soonish or will they still hang in there?!!
See you all again Friday lol.
Beerbull, see my response to Geo. I would love to see ARCM have a very expensive out, but I am also trying to see the other side in that they may have an opportunity to come out without much damage.
As ever, more than happy to be wrong in these type of circumstances!! :-)
Geo, in my view it does matter if ARCM are able to participate as, dependent upon size, they will acquire discounted shares. Again, dependent upon the discount, those shares could be used to close out a portion, at least, of their short without a 'spike' in SP. If POO remains at these levels then that is all the better for ARCM as the discounted SP will be that much lower than it would otherwise have been.
Bladesman, as has been discussed, whilst PMO do not themselves have to offer any part of the placing to ARCM, it is not their decision. The decision comes down to the Underwriter(s) of the offer who will not, perhaps unfortunately, give a t*ss who takes part in the placing.
Whilst, along with many others, I would like to see ARCM suffer, they are unlikely to do so. They have done very well indeed on the Bonds and they are likely to come out with a decent chuck of their short in profit too. Should oil recover above $60 in the near future and the SP rise back again, then this will make it that much harder for them of course; coronavirus has done them a massive favour.
Although, unfortunately, despite my euphoria yesterday after jw61's contact with IR, it may well be that ARCM will be able to partake in the placing (see the 'other' Board).
I'd call myself, but am more than tied up at present ...just jumped on the laptop very quickly to see what was going on today.
jw, oh how I love to be wrong sometimes!! :-) :-) That is absolutely marvellous news. If the shorts weren't taken out RI exempt, then ARCM really could be in do do with this short. Ok, still made money, and big, on the bonds but the short will take away some of the cream :-)
So, PMO go out to everyone apart from ARCM (at the very least initially) and, if the placing is taken up well, then ARCM won't be able to play. Clearer now why they are putting quite so much effort in to their 'case'!!
Cheers!
...about half of ARCM's short position on us!!!
I don't know if it's possible (Ok it is possible), but how fast a vaccine can be fast-tracked would appear to be the key.
Hi Bladesman, I don't think that they are concerned about what they say compared to what they actually do !! We all know (now) what their aim is ... the only sad part is that they can get away with it with no fear of repercussion, let alone meaningful repercussion. I would love the FCA to force them to close their short but that won't happen. Even if they did, guarantee ARCM would be long gone before that point. As I say, frustrating but ... :-(
Bladesman, ARCM will be participating in the Placing element (if they so choose) and not the RI element (with the exception of shares which they own themselves). The Placing element v. the RI element proportions have not yet been detailed.
Bladesman, ARCM will be participating in the Placing element (if they so choose) and not the RI element (with the exception of shares which they own themselves). The Placing element v. the RI element proportions have not yet been detailed.
Hi jw, as far as I am aware as bondholders (and at their level of seniority) I do not believe that they can be excluded. The Court may well rule in their favour come March 17th if they could be - fairness and all that!!
Grippa, whilst the vaccine will undoubtedly be developed soon (if not already), consensus is that no vaccine available until the end of the year (unless they somehow can bypass the regulations). Human trials far sooner, but not general release.