Member Info for fatbanker

just hope i can get some more before the SP picks up again.

Awa' an' bile yer heid!

I read Acacia has options to take up a lot more shares in Mustang, and has acquired shares from other mustang holders. Also the investment by VRFBH into enerox has been done by a consortium of investors including 2 that wish to remain unnamed but were 1 from Canada and 1 from Asia. Borromeo is from Phillipines. I suspect he has built stakes in both places with this cash. Whether its one grand plan or 2 seperate strategies is the interesting aspect for me.

A year ago we had a strong USD and a relatively weak SAR. currently, relatively the SAR has strengthened to the USD so a similar trading performance period to period would flex the outcome by the extent of change in relative rates from period to period. I believe the BOD dont see an obvious trend which can be hedged against, as they cant predict all the macro influences so they choose to do nothing on hedging rather than incur the cost of betting on an outcome only to find it meanders the other way. currency hedging is basically buying an option which becomes available at a later date to make a currency buy or sell at rates chosen today. it involves a fee which is like an insurance premium for something that may or may not pay out to your benefit so there is always a cost and not always a benefit. sometimes the swings and roundabouts net out at not a lot and hedging is good in theory but not totally cost effective in practice. With a strong rand and a weaker usd currently, I think its a fair bet that during the year that will reverse. quarterly it produces big changes, annually not so much.

hedging is only required when your income is in one currency and your outgoings or debt are in another. The bulk of what bmn do is in USD both in and out. They may have to convert usd to rand to pay local costs like wages, which involves the risk that one currency moves against the other changing the profit margin, but by and large bmn is a usd business. hedging would involve buying or selling forward amounts of currency needed later but at todays rates. not hedging doesnt imply losses, it can lead to windfall profits.

100k

just had 180k just before 4pm

I get your position on this but do you have to keep banging on and on about it.

Tristan and Rupert in the city will snap them up. Expect selling to commence in advance of admission date as they are sold in advance. may get a buying opportunity, but the best way to look at it is we are cashed up for the forseeable future.

Dont overlook the fact that siemens is also one of the biggest leasing companies in the world, able to provide the cash and all the infrastucture that offering a full leasing service demands

added 50k,

probably dig a lake in the playground for a gas boat.

I do honestly believe VRFB are about to take their rightful place in SA.

anyone wondering what the late rise was about, its deceptive as its been on a 17/18 spread until just before close and then was shown correctly at the finish

PB940 - I suppose bmn would along with its co investors in enerox, carry their holdings over into MUST which would then change itself to Enerox and then probably do an IPO fund raise for growth, at a higher SP than currently giving the MUST shareholders a return, raising funds for growth and bmn and co investors would own a smaller % of a greatly enhanced MCAP, unless of course they also chose to buy in the IPO. THIS IS NOT ADVICE.

MUST is up almost 14% today. Jose Borromeo of Acacia Resources is the main shareholder in MUST and Acacia is a key LTH here. Speculation has been Enerox may be reversed into MUST which is a main market SPAC.

bought in today

thanks for that

https://www.miningmx.com/top-story/45959-strike-ended-after-five-days-at-bushveld-minerals-north-west-vametco-mine/

eatstocks - i know people in France who book holidays in the confident knowledge a strike is coming, its often planned well in advance.

it wont do any harm to reduce the headcount over the next few months