RE: BRICS2 Dec 2022 11:46
Del - If a sale was agreed over the next few months, as some have predicted, what kind of discount would be applied compared to a sale outside of war? It has to be 70% or thereabouts, imo.
Such a discount would be extremely hard to swallow for the BOD, institutions and your average Joe PI and as such I think that’s why any sale or indeed talk of sale has been shutdown.
Personally, I think a sale of any sort is a long way away. Certainly not months, possibly years?
Apologies for the less than positive outlook but that’s how I’m reading it.
GLA