George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
They are saying that - BoE: "Further tightening in monetary policy may be required" - so that when they decide they don't have to, they can declare it a win, saying along the lines of 'keeping the rates higher for longer means we didn't needto raise them again, therefore helping out the general public'
its the same as it was with inflation, rishi promised he would get it down by 50% when it was at 10.5%, which he has done even tho it is still astronomically high, but he can declare that a victory to look good in the polls becasue it fell under 5.25.
I mean, it could be, but chances are that its linked to the wider ftse rising and the interest rate cutting narrative that is being played across the pong. goldman sachs thinks interest down to 3.75% by the end of '24, other analysts think 5x .25% cut, down to 4%.
Despite the recent slump in sp, altho looking nice today, the fundamentals are really good here.
Afentra paid Sonangol a cash consideration of US$21.1m on completion, down from the initial US$56.5m due to cash flow adjustments from the effective transaction date of 20 April 2022. Afentra also inherits crude oil stock worth cUS$11.9m (pre-tax) at $75/bbl, which is expected to be sold in Q1 2024, effectively reducing the net completion payment to cUS$10m after tax. The upfront consideration was funded from existing debt facilities, with US$33.6m now drawn on Afentra’s US$110m RBL facility following the INA and Sonangol transactions. The US$9.1m previously drawn on its US$30m working capital facility has already been repaid out of crude oil sale proceeds and year-end net debt is expected to be cUS$20.7m, which is essentially wiped out by an anticipated year-end oil stock entitlement of c300,000bbls worth cUS$22.5m (pre-tax) at US$75/bbl.
https://afentraplc.com/wp-content/uploads/2023/12/AET_081223.pdf
I think we have had enough of listening to "experts"
Dam right, after 3 years of covid "experts" getting it wrong time and time again, giving us ridiculous rules, to JPM getting everything wrong constantly, to the BoE and those supposed experts.
BoE will end up following the fed like good little children, and will likely drop Q2-3 next year if fed drops in march.
Denial is a nasty thing. either suck it up and move on, or stick with it. constantly moaning on this board isnt going to move the sp
News leaked?
Can't see someone buying 10% of it if they believe it will go bust, unless they are buying it for an offer on the cheap when it fails. i think now some train strikes are over, buses are done, inflation coming down, and pretty much fully booked for xmas, this will start to get back to its normal self Q1 '24-Q4 23/24 FY fr end of year results
I mean..... most teams earn money through sponsorship? look at other sports? red bull winning f1 doesn't even cover the budget cap for the next season, let alone to make any profit. that all comes from sponsors.
sounds like your son is a wise one, but in an emerging market where gild have strong foundations and backed by a good team, and sky, there is massive upside here at this price.
bowlers and the like are just sour as they are massively down and have no pennies left to avg down.
Its not good news. high employment means people are earning more money which will drive inflation, which means rates need to stay up longer.
that's why high US job figure just released has sent everything down again as it means the Fed may not lower rates as early in 2024 as previously expected.
Does seem like someone knows something tho, everything has started to edge up again, which either means the numbers arent as high as expected, or have had a little drop..... who knows :)
if they are a lot higher then FED may continue holding rates rather than cutting start of next year; so yeah, jumpy right now.