Member Info for MR.Spacetomato

US treasury bonds going down, for the moment at least. Despite some sell off in stocks, it will help to give the stock market some relief.

Bitcoin dropping, gold and VIX still in acceptable range, and good US GDP numbers is good news.

Fingers crossed for tomorrow and some good news soon for GKP.

Sorry, JAB. I wish good luck with your investments, truly.

Mabel says hi.

I did warn you.

Hi Just-Another-Bot,

I was at a Turkish bath with two of your ex-girfriends and I told them I may buy GKP back now as I would have accumulated some extra shares, but they told me to wait...take my time as things were getting hot, both in the markets. They pointed out the 5 and 10 treasury yealds at the moment, gold future going up, and how the interest in the debt renewal contracts for businesses would bring the house of cards down.

They also pointed out the looming middle East crisis impact on the markets. They were mentioning some others very interesting stuff, but we got busy looking for the soap at the time.

Got your tin hat on?

You are funny guys. Have a look at the USA markets. I suggest you get your tin hats.

Blast. I should have taken that 10th to the penny. Got out with my capital now. Little profits gone. Small timer with too much to risk. Will observe the geopolitical issues before coming back in.

Good luck.

Https://www.kurdistan24.net/en/story/32957-No-excuse-for-Iraq-to-obstruct-Kurdish-%E2%80%98financial-entitlements%E2%80%99:-KRG-council

"The council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public.

Politics

No excuse for Iraq to obstruct Kurdish ‘financial entitlements’: KRG council

The council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public. 

 Kurdistan 24   4 Minutes

       

The meeting of the KRG Council of Ministers, Oct. 25, 2023. (Photo: KRG)

Kurdistan KRG council of ministers financial entitlements Masrour Barzani

 

ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) Council of Ministers convened on Wednesday and was chaired by Prime Minister Masrour Barzani, according to a statement from the KRG.

The meeting began by discussing the results of the Kurdish delegation’s visit to Baghdad on Oct. 18, where it met with Iraqi finance ministers and auditors.

The council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public. 

The ministers also ensure that the data, information, and figures are accurate, leaving, as they argue, no excuse for the Iraqi government to obstruct the distribution of the Region's “financial entitlements.”

The council instructed the finance ministry and the KRG delegation to remain in constant contact with their counterparts in Baghdad.

Fariq Sulaiman, the audit head of the KRG, later summarized the joint investigation process between Erbil and Baghdad.

To make the audit process successful, as Mr. Sulaiman described, the finance ministers of the Kurdistan Region must coordinate with Baghdad to provide the necessary information and data related to revenues, expenditures, and public property. 

Lastly, various reports were then submitted about revenues, expenditures, oil production, and civil servant salaries, giving a status update on crucial economic factors of the Region". 

Https://www.iraqinews.com/iraq/oil-companies-in-iraqi-kurdistan-to-resume-production-a-month-after-agreement/

"Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, revealed on Tuesday that foreign oil companies operating in the Kurdistan region of Iraq informed the Iraqi government that they would resume oil production within a month once an agreement is reached on the costs of oil production.

Oil exports from northern Iraq through the Iraq-Turkey oil pipeline were suspended last March.

Turkey’s decision to suspend oil exports followed an arbitration decision issued by the International Chamber of Commerce (ICC) in Paris.

The decision obliged Turkey to pay Baghdad $1.5 billion in compensation for damages caused by the Kurdistan Regional Government’s (KRG) export of oil without permission from the federal government in Baghdad between 2014 and 2018.

The Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, confirmed earlier in October that the oil pipeline is ready to operate and that Ankara is getting ready to start oil export operations through Ceyhan port on the Mediterranean.

Senior officials in the Iraqi oil sector revealed this month that talks to resume oil exports from northern Iraq through the pipeline between Iraq and Turkey are still ongoing.

Al-Sudani also said that foreign companies operating in Iraqi Kurdistan believe that the production costs set by the Iraqi side are low and not commensurate with the production costs from oil fields in northern Iraq.

The Association of the Petroleum Industry of Kurdistan (APIKUR) mentioned in mid-October that the losses inflicted on the oil sector due to the suspension of the oil pipeline between Iraq and Turkey reached $7 billion".

What seems really amusing is the fluctuations on the sp on such small buys and sells volume, taking into consideration that GKP's valuation is over 200 million pounds; the sp drops 1% on a 10k quid volume? MMs need for trades, accumulation perhaps?

Tom, it all boils down to individual circumstances. You made money and that's what matters.

The idea now is to sell 10 X of a penny!

:0)))

Good morning. Back in. Was worried about the drop but now more confident in a positive outcome.

Fingers crossed.

Https://agsiw.org/baghdad-squeezes-kurdistan-region-on-legal-and-economic-fronts-prompting-crisis/

"....

Iraq’s Economic and Legal Battle

Baghdad has vigorously pursued legal avenues to curb Kurdish oil exports and assert control over Kurdish oil resources. One significant strategy involved blacklisting companies that have engaged in oil-related activities in the Kurdish region since 2007 without Baghdad’s approval, posing a legal threat and serving as a deterrent to international oil companies. Additionally, Iraq turned to the Paris-based International Chamber of Commerce’s Court of Arbitration, filing a case against Turkey over its role in facilitating Kurdish oil exports through Turkish pipelines. The court ruled in March that Turkey had violated the 1973 Turkey-Iraq Pipeline Agreement and ordered Ankara to pay Baghdad around $1.5 billion. In response, Ankara halted Kurdish oil exports through the Turkish port of Ceyhan. This has led to a $5 billion loss of revenue to the KRG, slowing down the economy and delaying salary payments to Kurdish civil servants....

"

TSSZ, are you ready for your 110p? You may get them tomorrow. You may help to prop the bottom. Are you there?

Https://www.newarab.com/analysis/how-gaza-israel-war-could-impact-iraq

Analysis: Following attacks by Iran-backed Iraqi militias on US forces, there are fears that Israel's war in Gaza, and any escalation in Lebanon, could destabilise Iraq.

....

I don't think most realise what's gonna hit the global market any time soon. The geopolitical issues in the middle East is just the wick being set alight.

30% to 40% down.

Had to bail out, as not letting my tiny profit go down as well as my capital,

The market is way too volatile and I see it going only one direction now, and that's down. Iran is going to cause some tension in the region with their infiltrated rebels.

Till then.. I will be back later.

CAC, DAX all up.

Bounced back.