Superleggara, Thank you for enlarging on the point of my concern. It must make the process of committing (on the Brazilian part) to a contract much more difficult and thus something not to be rushed. That difficulty surely can't be denied. I try to be a prudent person. Not one who is arrogantly blind to the forces that affect our investment. And yes, I am heavily invested here.
Verde, Thankyou for your explanation. I will ignore those who attack anyone for raising any point that can be answered as you have, rather than attacking them.
My take on the "autumn statement" was based on the idea that if any government support were coming, they would want to make political capital out of it in the budget statement.
Scotman, you said "I’ve long held the belief that we are probably looking about late Oct - early Nov myself" - I agree and its likely to be around the time of the autumn budget statement and after a bit more clarity around you know what.
In the mean time I would expect some traders to becoming bored and moving on - price drift has to be expected.
pascoe, you asked "When Was this Country ever Bankrupt" .... well in 1976 under Labour ... with Callaghan saying: “We used to think you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour, that option no longer exists.” The UK went to the IMF for a bail out.
The only thing I can see that is getting tiresome is the insistence by some that CF has said there will be no dilution. All that he has said is that the goal is to have no dilution. Not the same thing.
Incidentally, if there is to be any Government support or guarantee, i don't think it will come until the November budget statement. Until then, thin summer markets and boredom will necessarily cause the SP to be yanked around by momentum traders. There is no harm trying to take advantage of that.