Member Info for drunkinftl

As most of the planet comes out of lockdown... we shall soon see which way the ball will bounce. I haven't read anything from industry that gives a positive outcome to this... and really I don't think governments that have been flooding economies with trillions over the past 10 years they want the coronavirus recession or covid depression to fade away too quickly to be replaced with the Western Governments' irresponsible balloon inflated depression!

probably sounds a bit too negative!

All I concluded was that these are '' things that our buyer will be taking into account when negotiating.''
To which you replied ''Will demand remain low for the life of mine? Probably not.''
With which I agree, but your 'probably' doesnt sound too sure.

... in Sign of Extended Auto Slump...''Johnson Matthey in March shut most of its factories making the chemicals used in catalytic converters that reduce the pollution from diesel- and gasoline-engines. Although carmakers are starting production back up, the “path of recovery remains low,” it said. bloomberg.com
''It increasingly feels like a nasty recession is on the way, regardless of the speed lockdowns come to an end. Given the likelihood that electric cars, which don’t need catalysts, ultimately replace traditional fuels anything that pushes demand out into future years is very unwelcome,” proactiveinvestors.co.uk
Exactly the things that our buyer will be taking into account when negotiating

it was suspended to keep people out!

I think we can safely say were not ready for the glue factory yet.. our horse is not called ''Glue Stick''

.. the modern domestic horse has a life expectancy of 25 to 30 years.[7] Uncommonly, a few animals live into their 40s and, occasionally, beyond.[8] The oldest verifiable record was "Old Billy", a 19th-century horse that lived to the age of 62.[7] In modern times, Sugar Puff, who had been listed in Guinness World Records as the world's oldest living pony, died in 2007 at age 56...

you just got savaged by tilly wizz's lost boys!

Palladium prices to remain well above platinum - Commerzbank
In the case of palladium, the correction we had expected has occurred,” Commerzbank said. “The recovery of the global economy and thus also of automobile production suggests that palladium demand will rise again. As a result, the palladium market could again show a larger supply deficit next year.

“Therefore, the palladium price should rise to $2,000 per troy ounce by the end of the year. The price recovery should continue next year. However, the record high should remain out of reach.”..............
“The most important driver was demand from the automotive industry, which reached 8.9 million ounces last year and thus now accounts for more than 80% of total palladium demand,”
and thats the big caveat

I'll file it along with..May 18, 2011, report the Centers for Disease Control and Prevention (CDC) published an article, Preparedness 101: Zombie Apocalypse providing tips on preparing to survive a zombie invasion...
and Zen and the art of going to the lavatory

??

''.. a load of ex investment bankers on our BOD..'' Are these the ex investment bankers who were disposed of after the 2008 scandal

''The Palladium price is not a crucial factor imo...''
Of course it is.. it is estimating will it be worth in the future is the problem

if the shares go back on the market then the company is up for grabs. The last thing the Russians will want is for the yanks to get hold of all the palladium that we supposedly have.
But what will palladium be worth after the dust of covid19 settles and that may be quite some time! BP sacks 10,000 people? Will there still be the huge demand for Cats.. will it become a precious metal?
palladium had a high of $2800 now less than $2000.. platinum on the other cat ingrediant is $824
''The German government on Wednesday surprised most market pundits by announcing a massive €130 billion ($145 billion) stimulus package to boost consumer spending and private investments, topping even the most optimistic expectations by a margin.

But the size of the package was just one of the surprises, the other being the absence of any incentives for the purchase of conventional petrol and diesel cars, for which the German auto industry, the largest industrial sector in Germany by revenue, had lobbied hard. Chancellor Angela Merkel's coalition instead decided to double incentives for electric vehicles ...'' https://www.dw.com/en/china-offers-hope-for-german-cars-after-stimulus-snub/a-53683919
The Russians could buy 51% of the shares? and let the rest go back to the market..??
And now I'll wait for the jihadis to grumble n moan and put a bomb under my car!

sorry to say, nice as it is, events have overtaken the article!

More or Less
''Ethnic minority deaths, climate change and lockdown'' https://www.bbc.co.uk/sounds/play/m000hn4s
More or Less
''Comparing countries, the risk to NHS staff, and birdsong'' https://www.bbc.co.uk/sounds/play/m000hfqq

And Jester16..
I doubt anyone will ask to see the final figures which wont be released until 2022 and the politicians won't go out of their way to show them..
I have some sympathy for the PM... if he ignores the virus and millions die they go down in history as the 'Plague Prime Minister' the Death Bringer.. if he lockdowns the country and we have few deaths he goes down as the 'Panicky'' Prime Minister who impoverished the nation.. but that we have prorata the highest number of deaths including anybody & everybody... could be his justification escape route.
Meanwhile statistics
Raw Numbers on June 4, 2020

6,632,682 confirmed out of global population 7,800,000,000

2,869,738 recovered (rarely mentioned)
3,371,818 ongoing

391,126 fatalities
Still never let a good crisis go to waste and if there isn't one, invent one!
Sun is shining.. hooray!

Yes the 'care homes'
Who have no clue as to how to care for their residents..
I couldn't believe on ch4 news a coupla weeks back.. carers hugging residents.. no one has any idea where the carer was or mixed with after leaving work??
no PPE.. well thats the care home not getting supplies in..
Just a little common sense...
the Care Homes are not fit for purpose!

yes we were well overdue a recession.. and who would be to blame.. those in power who have watched over the expense of cash in the system.. Trump campaigned against that.. but quickly followed his predecessors and printed more!
Both trump & johnson told us there was no need to worry... then johnson told us the NHS will be overwhelmed so we must social distabnce & self isolate.. to ''Save the NHS''
Then came the lockdown.. and the economy will suffer its own virus and no lockdown will stop that.
Next will come the recession they are calling it the Coronavirus Recession... and should it get worse the Covid Depression.. those who flooded the world economy have their scapegoart for the oncoming financial disaster.. the virus.. which cannot answer to the charges against it.
our government reports today ..
''Total number of COVID-19 associated UK deaths 39,904. Deaths of people who have had a positive test result confirmed by a Public Health or NHS laboratory''
which surely means someone run over by a bus who tested positive would be included!

Lets see what the total deaths within a 12 month period turn out to be. Covid may well have brought deaths forward i.e. those whose chance of living out 2020 were non existant may well have been brought forward to the first six months of the year.

Life isn't much fun is it not for the old, or the young mourning.... but then a short watch of Attenborough's documentaries teaches us about life on Earth!
Happy Days!

it would indeed be a tragedy if in the aim of getting a vaccine out ASAP that more people died of Covid19!