Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Sre85, The Frankfurt price is a bit of a red herring. When I looked it was €0.0015 bid, €0.0095 ask. i.e. a 533% spread, aka non-tradable.
Not sure where the bottom is, but I don't think the answer is in Frankfurt.
Could just be a risk on market mood. A few of my more speculative holding have been up the past couple of days with no discernible cause other than the more buyers than sellers in a thin market. Still, better than the alternative :)
From the BMN board. r/wallstreetbets post on Vanadium grid storage. Also mentions IES in the comments.
https://www.reddit.com/r/wallstreetbets/comments/yorcts/is_vanadium_the_next_lithium_energy_grid_storage/
I suspect that was what most investors were thinking. If Italy had paid that would have been a surprise. What has spooked the market is the fact that the lawyers have said will two years, i.e. not go via the "fast" track for rejecting claims that are totally without merit in 10-12 months. By implication this suggest that the claim is not totally without merit. Also the 3m payable before we get paid is unwelcome and unexpected. Anything that shows the BOD aren't being entirely honest with us isn't going to help the SP.
I'm looking at PHP as a possible addition to my portfolio. However, I am a bit concerned by the LTV ratio of 43%. (Source https://www.phpgroup.co.uk/application/files/5416/5890/1486/PHP_2022_Interim_Statement_FINAL.pdf)
While doctors' surgeries are certainly a lot more recession proof than retail or offices, as fixed income assets, they could still be subject to down valuations in a higher interest rate environment. I note that most of the debt is fixed/hedged so there shouldn't be any payment problems, however does anyone know of any LTV covenants that could be triggered by portfolio revaluation?
May be pretty much a forced move to keep the lights on. Partially shift towards something that may make it to market before we run out of money. I don't see market sentiment shifting enough to allow a placing for some time and would rather not return to the plan for JM to take the company private at 6p.
Given it takes 10 months to throw out a request for an annulment which clearly has no legal merit (and several years if it does) it would seem a no brainer for Italy to make such an appeal in 22 December. 10 months is a long time in Italian politics and it's probably someone else's problem by then.
Does anyone know how easy it is for Italy to get this on the annulment queue? Is it just a case of paying the the 25K and rehashing some of their rejected arguments about jurisdiction, or is there some pre-screening to even get on the queue?
Even if they believe there is zero chance of the judgement finally being annulled, kicking the can down the road for three years or so may be politically appealing. The award only compounds at EURIBOR+4 which is only about 1% above Italian Government Debt, or several percent below inflation. It also doesn't appear to the EU or the bond market as government debt.
I doubt the climate lobby will be much help. A lot of greens are ambivalent or outright hostile to handing food production to big tech. As good puritans everyone should go vegan, eat less and stop breeding.
Meanwhile the farming lobby will keep up the Frankenstein food narrative.
The only way to win is to be cheaper, scale, and stay solvent longer than the world can stay irrational.
Precision fermentation is the best shot at this, but it's far from a done deal.