George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It's my understanding, there were 2 ETNs suspended initially it was then later announced that the permitted ETN sales had been exceeded.
Hence my concerns around this suspension, why suspend? Why not just increase the allowance of what can be sold? Or have sales already exceeded that permitted?
22/4/22 Barclays has suspended further sales of the IPath Series B Natural gas ETN, Barclays does not have sufficient capacity under shelf registration to support further sales. Are we likely to see a repeat of recent ETN issues, sales exceeded?
KUWAIT, Aug 29 (Reuters) – The increase in oil output agreed last month by OPEC+ nations could be reconsidered at its next meeting on Sept. 1, Kuwait's oil minister said on Sunday.
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Wednesday to discuss the previously agreed increase of 400,000 barrels per day (bpd) for the next several months.
It's 400k bpd monthly increases starting in Aug which can be easily absorbed into the market but its in 2 phases. Second phase next year relates to the increased baseline which wasn't expected but it will be under review and is a continuation of the 400k monthly increases not all dropped on the market at once. So, short term markets will remain tight and well supported fundamentally, longer term markets monitored and opec review act accordingly. Interesting, has a deal been done increase Opec production and keep Iran sanctions in place?
SK,
POO is not moving PMO, until the next fundraising PMO is not investable imo, whatever the outcome its extremely unlikely to be anything positive for the long suffering shareholders imo.
OK Jakek,
I think we're making progress, you seem to now accept that there will be a fundraising for the acquisitions.
So, next question, what sweetener are you expecting for the debt to be rolled over?
BTW are you new to PMO?
Delusional.
See you all again after the fundraising.
GL
None so blind........
It really couldn't be any clearer, its written in the trading update.
Jake,
There's an equity fundraising coming, its clearly written in the trading update, why deny it or you simply don't understand? The only question is how much? What will be the terms of the acquisition fundraising but also the cost of rolling over debt, no doubts the PI's will be screwed over yet again.
GLA
AK, that's incorrect I was referring to the 30day VWAP which is currently 34p and a figure that could be used for discounting but as yet we don't know the terms of the fundraising. HTH
SK,
You're more optimistic than myself, what will be the terms of the fundraising? Currently the 30d VWAP is around 34p which I'd then expect to be discounted. RI at 30p? or less imo
Today's SP move left a gap, most get filled within a week.
Expecting a pull back before moving up again imo.
Looking to open up 33p imo
Good luck guys
Judging by the frantic postings some very worried shorters :)
Unfortunately not, it's now at a new low, below the previous low from 2016, see no reason for it to rebound either.
GL
I am not expecting anything, nor care.
.
For me, they need to not buy any assets, and save for a rainy day.
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I agree completely, but now the wheels are in motion this may be an opportunity for the II's to buy for very little, does PMO have the will or capacity to stop it.