Member Info for fatbanker

ok -
Australia and Canada
USA
Ireland
South Africa
Brazil
Bahrain Jamaica Kenya Turkey
Egypt
Argentina

I will put the answers up in 15 mins or so

here is a list of 10 countries rated by S&P. For fun if you were adding USA and SA to the list to make 12, what numerical position by strength of rating would USA and would SA be.

Argentina
Australia
Bahrain
Brazil
Canada
Egypt
Ireland
Jamaica
Kenya
Turkey

apologies SA are 11th not 10th, but the message is the same.

I have been reading the various comments on credit ratings and thought I can offer some perspective here. I will use the S&P standard and poors scale as its easier to explain and easier to understand.

S&P use a 22 level rating scale, where AAA is the best and D is the worst.

The scale is AAA, AA,A,BBB,BB.B.CCC.CC.C and D.
AA through to CCC are subdivided with higher middle and lower using + for higher and - for lower.

so the 22 grades are AAA, Then 6 lots of 3, then CC,C and D.

Investment grade is everything in AAA, AA, A, BBB+ and BBB, which is the top 9 from 22.

so called junk status is BBB-, BB+,BB,BB-, B+,B,B-,CCC+, CCC,CCC-, CC, and C. 10 to 21 on the scale.

D is uninvestable because they have defaulted. 22

International bond markets still trade strongly in the 10 to 21 junk market, they just price the risk appropriately.

South Africa is BB+ with S@P which puts them on level 10 which makes them far from uninvestable, although clearly there would be more enthusiasm if they were up the scale.

My point is South Africa is not a basket case, or bust, or uninvestible. Its rating could be higher, but please don't assume that level 10 on a 22 rating scale is a no-hoper.

gla

http://shake-that.com/recipes/monkey-brain/

ask the bar for this one numpty

I am drinking pear flavoured paintstripper courtesy of local fruit farmer

cokctail

******* t a I l

monkey puke ****tail. lol

off the screen lol. gla

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

FM/MN were very clear that to participate in the V story, the least efficient way to get in the game is to build greenfield mine with limited or no access to ore at good grade. next best was brownfield mine with ore supply of adequate grade, and better still was the bushveld way. mine construction sucks up a lot of cash. electrolyte factory build much less so, so I would suggest this market is going in the direction of electrolyte production facilities dotted around the world and served by the established lowest cost primary producers largo, bmn 1/2, glencore, china.

If you are just checking in then today’s must watch for everyone investing or invested in Bushveld Minerals: https://youtu.be/p3QUjIL1rJQ
If this doesn’t help you nothing will!

reposted for those that switch off on Friday and tune in on mondays

well done,good interviewer,
FM and MN you can see are in control, and re-iterating how steel and batteries are complementary and hedge each other in terms of V price. All they need to do is mine and process to grow market share and leverage all the battery discussions into profit. I am confident we are in good hands. gla

as ophidian said a chunk of Borromeo disappeared and HL increased

https://www.juniorindaba.com/assets/Uploads/2018-Junior-Indaba-Presentations/2018-Junior-Indaba-Fortune-Mojapelo-Bushveld-Minerals.pdf

page 4

oph - don't disagree. my records show acacia 85.6m 30/3/18 and Borromeo 37.97m 31/5/18

this isn't their first disposal. march 2018 they had 85m shares

https://www.engineeringnews.co.za/article/bushveld-finalises-vanchem-acquisition-on-track-with-yearly-guidance-2019-11-07