ACF Equity Research says Chinese control of Rare Earths production is a ‘global strategic concern’. Watch the video here.
Cameco published long-term prices well below short-term for the second month running:
Is this opinion (my opinion) fair? that is: Cameco's long term numbers are fiction/garbage.
>Your one of them
Who's one of what?
They can legit say something like "we see no foreseeable scenario that will give a return to share holders". But to blanket state there will not be is an overstep.
>There is no bond debt attributed with IOG plc subsidiaries, therefore the subsidiaries are not going into administration
You can go read the bond terms and guarantees on the IOG website, or the charges listed on companies house against IOG plc. The bonds are secured against the assets of the subsidiaries as well as IOG plc
>legally separate entities, which means they have their own ownership structure.
AFAIK, separate entities but owned by IOG Plc. (?)
Subsidiaries of IOG PLC that are listed in the bondholders guarantee are:
IOG Infrastructure Limited
IOG North Sea Limited
IOG UK Limited
i.e. the bonds are secured against their assets in addition to any of IOG Plc. The directors aren#t going to be able to "protect" their assets from the bondholders, though they may from any other creditors.
There may be subsidiaries - you'd have to wade through these docs: https://find-and-update.company-information.service.gov.uk/company/07434350
IOG plc owns the subsidiaries, and is now managed by the Administrators.
The subsidiaries are managed by the same directors as before.
The days before the 13th Sept RNS, they were in court over non-payment of money due to Subsea7.
>Is this a telephone number ?
Cameco have released their monthly data (30/09/2023) https://www.cameco.com/feeds/uranium-price
From memory Cameco define long-term as 9months+, but don't quote me on that.
Looking through the historical Cameco data, this backwardation only lasted 4 months when it last happened (when spot last peaked).
Selling the near-term for storage and buying the long-term seems another bit of sensible business in this market - especially for a company which is just going to hold it in storage otherwise.
> reading rubbish on a bb,
The rubbish that you were posting!
Poorinvestor - like it or not, when people posted messages that encouraged readers to ignore immediate cashflow and short-term liability issues and focus on increasing gas prices and winter forecasts, that is an encouragement to buy.
In which case - sorry LesBoy - I thought you were trying to encourage the price down, but actually it's just the source you are looking at is showing you the 31st August price.
This is a popular source for intra-day updates of "Spot" U3O8 : https://numerco.com/NSet , or the front page of https://www.yellowcakeplc.com/ .
I suspect this is some player taking part in the issue yesterday, and then today allocating the shares from one account (e.g a bank's own account) into another (a customer's account). And something about the allocation means that it needs reporting?
Janes>If they breach the agreement with the bondholders this gives the bondholders the right to call in an administrator.
I GUESS this means IOG suspended yesterday because they want to choose their own Administrator (one that's friendly to the board's interests). Rather than wait for the weekend as that (failing to pay the deferred coupons today) would give the bondholders the right to choose the Administrator. (?)
Posted in: IOG.L
Ppl need to start taking screenshots of things as a clean-up exercise is in progress.
Posted in: IOG.L
Like everything else connected to LCF and LOG.