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Do I understand what’s happening? Is that for me or Charlie’s ? Not a clue mate - why don’t you give me the benefit of your superior insight - you clearly concur with Mikes opinion of Trump no longer being the biggest threat to the ME deal - arguably the most ridiculous post ever penned on the subject !
Geo political bull shat - the carp been banded about here lately would make Trump blush /o:
“ The biggest threat to the contract not being implemented at the moment is no longer from Trump “ What a bizarre statement |o:
No - we formed a German company to open a German bank account so our payments from Iran would be processed by one of the few banks in the world who were willing to process Iranian banking transactions - long before Trump threw his dummy in the dirt !
Agreed - he’s untrustworthy and has a little form for relenting - though I’m not sure what parallels are you seeing between Iran and NK / Mexican wall ?
His wall has stalled because the idiot was dumb enough to think that congress would give him $25billion in one lump for it - they gave him $1.6B , of which he can only spend $38m on his wall (o: , and I don’t see NK getting any concessions just yet !
I don’t see how WSG can US proof anything, sanctions have been promised on EU companies that trade - simple - where for example do you see our £100m airside insurance policy been underwritten ?
True; it’s entirely possible he could roll back on Iran - though are you able to point me in the direction of a single commentator , politician , or reputable news outlet anywhere on planet earth that thinks that to be a likely outcome in the near term ?
The US know that limited sanctions are not worth a to$$ hence the reason for no waivers , they first imposed sanctions on Iran in 1979 , for the next 33 years Iran went about its business with sanctions in place , eventually developing a nuclear facility and ballistic missile program - it wasn’t until 2012 when the US sanctioned the Iranian banking system , and any bank or business that used it that sanctions started to squeeze - Trump knows this and knows it will eventually work again.
So with the secondary sanctions in place Europe can’t give Iran what they have requested - that being that they protect Iranian oil sales from the US sanctions and continue buying Iranian crude , come 5th November iranian oil will be radioactive , the refiners and the shipping companies won’t touch it ( outside of China , Russia, India & Turkey that is ) .
Iran has also asked that European banks should safeguard trade with Iran, this is also a nonsense as no tier 1 European banks were dealing with Iran before Trumps withdrawal so they ain’t going to start now |o:
True the ferry is behind us, and Tech has landed one noteworthy contract - and yes there is a prospect of signing an unrelated airport this year , but that’s been the case for the past 6 years I’ve been invested so it counts for nowt - Fowler came out with similar shat in the 2015 AGM update - that we expected to sign a managed service contract that year - were still waiting for it /o:
Why am I still invested - because I’m as gullible and greedy as everyone else who stuck around for the ME contract to come to the boil - had I known it was in Iran you wouldn’t have seen my ar$e for dust - I take a few crumbs of comfort that the strike price our greedy bod set for their undeserving options will see me bank a profit when it arrives - when it gets there I’ll be gone |o:
AIMHO
I don’t have any confidence that it will come to fruition - at least not under Trumps presidency - delighted to be proved wrong !
A genuine question - what is it that you can see happening that I can’t seem to grasp ?
If it’s wishful thinking that HH would have been party to the location of the ME deal ?
Had they known I can’t believe they would have loitered hereabouts given Trumps age old bluster on the JCPOA - I had a look back and found that his first broadside came as early as our prop-shaft debacle so his hatred of the deal preceded our ME MOU , so his eventual pull out was well and truly telegraphed !
I,m scavenging for a few crumbs of comfort that they might have , and that maybe there was something else in the pipe that enticed them to hang around ?... /o:
Like everyone in Europe , Rouhani,s words are irrelevant - Trumps people talking of unprecedented financial pressure and European sanctions renders our Iran deal toast )o:
The remaining signatories of JCPOA are merely going through the motions imo , history will write that they did everything they could to make the deal work but it was Trump and his secondary sanctions that ultimately choked the deal as the Iranians won’t acquiesce to Trumps demands - Turkey , India, China & Russia will continue to buy Iranian oil whilst picking up the large juicy contracts vacated by the Europeans - and the Iranians will wait for a new president by which time they might not be ar$ed so long as they are flogging their oil /o:
long before the begging bowl gets a day out ?
TW talking about buckets and shops over on SP / o: I’m taking no notice as I’m waiting for the WSG oracle on cash burn to speak - step forth H&N , he’s the best - he knows all about cash burn - ish (o: Still looking forward to his promised update from the AGM - according to him our gig falls outside of sanctions (o:
Nowt ever happens quickly - the sanctions aren’t a threat - and there wont be a deal with Trump - AIMHO
I doubt it - I see another French multinational has pulled the Iranian pin )o: They clearly don’t share the same optimism seen across these pages |o:
The EU bank is not the right tool,” an EIB spokesman told Reuters, saying its business model “would be incompatible with ignoring possible sanctions against Iran.”
But the comment, the EIB’s first since the EU executive proposed it engage in Iran last month, is a particularly hard blow coming not from a commercial bank but from an institution driven by EU policy.
Your talking out of your hat - as night follows day all US sanctions will affect European companies once secondary sanctions kick in come November 4th
Ozzie your spot on as there’s nowt new in it - that’s what bamboozles me as no one appears to comprehend its reach - including it appears you as Fowler may as well tweak his todger -
H&N commented that it didn’t we’re not affected as our contract is all about aviation safety - what utter crap , Iran have had aircraft dropping out of the sky for twenty odd years with the USA not giving a rats a$$ \o:
Oh - do you mind elaborating on the German thing - why did we set that company up ?
Unfortunately not - that licence encapsulates a smorgasbord of related services - parts , logistics, freight , ticketing , marketing etc - it captures the lot )o:
There you are slipperz
https://www.treasury.gov/resource-center/sanctions/Programs/Documents/iran_gli.pdf
I’d be interested to hear H&Ns thoughts , perhaps he might include it in his much anticipated update /o:
If you say so (o:
I’m not familiar with the precise mechanics of the IATA payments system -though I understood they use the US dollar ? what I do know is that no US Bank , or Tier 1 European Bank would process any payment from Iran BEFORE sanctions so best of luck thereafter - hence the German connection Io:
I take no satisfaction from what I posted , though unfortunately its matter of fact - our contract is parked until sanctions come to an end )o:
As I’ve said before I sincerely hope we didn’t have all of our eggs in the one basket )o:
Trouble here is that some folk really do struggle with the unpalatable truths - Anyone who’s happy to quote Fowlers word as fact had better not mind looking a bit silly - which some here clearly don’t (o:
I find it inconceivable that anyone who has the inter web at his or her finger tips would believe any of that AGM update - it’s demonstrable cobblers /o:
Having a re-read through yesterdays nothing new cobblers update and AGM feedback ( thank you Eskers ) IMO confirms we’re hamstrung until Trumps sanctions punch up plays out )o:
Fowler commented our activities don’t feature on any specific sanctions list - that counts for nowt – OFAC openly admit they cant list every single international commercial activity , and why should they bother when they know what they miss off the list will ultimately get caught in the spiders web of banking restrictions .
Our bod commented that they were in talks with German Financial institutions. - It’s true that a number of small German banks have been facilitating Iranian transactions due to Iran being denied access to the dollar and the US banking system , though we were always going to have to be paid through our German company via a German bank irrespective of sanctions – the reason German cooperatives were used was that they had zero ties to the US banking system , an example being KCI which is a cooperative of small savings banks who have said they will continue to , “ trade with Iran for now “ and “ wait and see what the sanctions look like “ , however their banking partner in Iran is the state owned bank Melli – Melli featured on the last list of secondary sanctions so is expected to reappear in November , thus breaking the link - to add further complications to the German banking conundrum would be any Iranian transaction through one of those banks would require sign off from the German central bank .
Baldry mentioned our £100m airside insurance policy requirement - underwriting services , insurance and re- insurance sanctions become effective 5th November – a handful of underwriters occupy the airside market place , all of whom could look forward to a substantial financial slap from the US if they somehow wrote business in Iran /o:
Fowlers talk of obtaining a letter of assurance from the US Treasury is absurd - sanction relief falls in to three categories -
1/
Executive orders ; can only be rescinded or suspended by Trump himself.
2/
Sanctions ; with the built-in authority for the President , Secretary of State or Secretary of the Treasury to issue time-limited waivers or suspensions.
3/
Legislation; that can only be altered or revoked by Congressional action.
I note earlier this week the US have stated their intention to try and squeeze ALL Iranian oil exports by Nov 4th and muted sanctions against any country caught purchasing their oil .
To summarise ; if an entity decides to trade with Iran it cannot deal directly or indirectly with the U.S. financial system - that means they are not permitted to spend or receive a single dollar bill anywhere in the world |o:
Cheers