RE: Recent production23 Jul 2024 14:53
Ocelot,
"SillyButtons, in the interview given by Kryzs Zielicki, he indicated Trafigura are willing to help them finance acquisitions."
They may well be supportive but lets call a spade a spade, their interest is making Trafigura money, not Angus.
We had the same support from Mercuira and while they have done well, Angus have not. we had those on here trying to spin Mercuria were som sort of philantrophist organisation that were & would act in the best interest of Angus, we know how that panned out.
In my opinion , Angus are not in a position to go after acquistions & mergers from a position of strength. The relationship is Trafigura would be using angus as a tool to make more money, rather than angus borrowing from them to make money. Angus arent in a position to dictate terms or go to the market for other options or competition so will be left in a scenario like they are now, keep the lights on and company ticking over while others make the money..
really hope i am wrong but i dont see it