Member Info for Aubery

Yes FFC
CF in July...

‘On track to complete stage 2 financing before the end of September 2019 inline with guidance’

With only 15 working days left CF would know if this IS or ISN’T now going to happen. Obligated to inform the market ASAP if anything material changes. Key words for me ‘inline with guidance...’

The most recent RNS made no reference to any material changes

In January Chris said he wanted the extra $3B as debt.

Chris
If they did this where we all gave £5k at say 10p placing price......
That’s another 4B shares and who on earth would want that??

I’d take that without hesitation GK!

JR.

I’m in after a night out with my pal Timothy Taylor... you are a stalwart of this BB and we would be worse off without you. Love your last message

‘It's most probably the case that everything has been sorted as in they have completed whatever they needed to do so CF allowed them to go on leave so if correct what you are saying then it could be in fact viewed as a positive thing!‘.

Whatever the truth loving the name. Absolute belter!
Cheers

Ffc i am not good at it but i try to remain unemotional. The small PI ( me included) trying to guess the motives of those shorting is futile. Wasted energy. You’ve got ask yourself if shorts are closing why is the SP so low....

Matter at hand is those bonds going, nothing else. And I think we are both on the same side with that.

Completely agree PAAA.
I smile when PI’s try to second guess shirt positions and get giddy at the thought of shorts burning. These are institutions and it’s called arbitrage.

PAAA
Do you know where one can find analysis or news on the types of bonds we are peddling? Non-investment grade.
Or is all this done on a case by case basis and difficult to trend...

If someone has near-term financing needs, they should be looking to take advantage of this window,” Jenny Lee, co-head of leveraged loan and high-yield capital markets at JPMorgan, told Bloomberg.

https://www.google.com/amp/s/amp.axios.com/the-biggest-week-for-bond-sales-on-record-had-perfect-timing-36b0ac70-cd9a-48d9-8a1a-ffc7f3e1d9ee.html

Good post Max,
I am very confident that CF will ensure we get the RCF and that the project will continue at full speed.
My concern is if there has to be an equity dilution attached to the bonds meaning my skin in the game is reduced.
I cannot decide if the lack of news is a good or a bad thing....

Indeed GK and gold down, 30 US bonds up, Dow up. Nailed on FED cut of 0.25 ( not 0.5) . But China US talks pushed to October.
Are JPM going to get this over the line??

Completely agree Parkypne
I have no insight into how these bond sales go (operationally)but I’d have thought if there are willing purchasers and the market has picked up it would be different and slicker to say other ‘negotiations’ (brex it for example). The marketing, roadshow and analysis will all have been done. I’d have hoped there would be a queue and over subscription....
One can ‘hope’

The house broker has stated that Fraser would want a ‘firm view’ on finance by mid-sept. As a shareholder I too would want this view and would hope we would have at least an update no later than 16th. Leaving it later for an update is cutting it fine.

Not sure Ascot, I initially too thought they’d be two. But reading the 6th Aug RNS....

‘....Intends to revisit the market when conditions have improved this quarter’

Is this the telling us therefore no further RNS to say the roadshow is back on?

I’m not sure but would definitely welcome an update given CF has stated previously this would be all sorted by the end of September

https://www.spglobal.com/en/research-insights/articles/u-s-corporate-debt-market-the-state-of-play-in-2019

Useful insight into the US bond market. Mining only a small sector

Indicates that the US markets may view US recession less likely. Our bonds were pulled as yields were crashing on US government bonds and there was blood on the streets....

Movement away from safe haven bonds...
another indicator that the market for our bonds may improve...

https://www.reuters.com/article/us-treasuries-jpmorgan/investors-bearish-on-u-s-bonds-for-first-time-since-july-survey-idUSKCN1VP2L9