The Goodwill PMQ question19 Jan 2019 00:03
I spent a couple of hours meeting with a Cabinet Minister this evening, and in order to offer some slight relief from an onslaught of Brexit missile questions, I asked him about Wednesdays PMQs.
I asked him if ( and to please answer honestly ), on bad days for the PM, with Corbyn howling across the despatch box, whether Tory back bench questions were " planted " deliberately in the knowledge that the PM could answer with essentially good news, and be able to take a temporary breather. Specifically Robert Goodwill asking about SXX
The answer was essentially yes, the questions were pre-vetted, and the PM was properly briefed to answer .............no surprise at all really. I nearly fell out of my chair when I heard it live with a fellow investor.
All of which leads me to interpret that the anticipated announcement on committal letters from the 5 lending banks and the UK underwriting of that lending is likely to be fairly soon. That news will then completely
de-risk the whole venture and the mine WILL be built for sure. We should then see a decent spike in the sp. It will also mean that the big institutional investors and pension funds will start to take a position, as this is one share with high capex but exceptionally low opex that will pay out sizeable dividends as and when. One for the childrens ISAs.
Whilst the SP is unlikely to go through the roof on the instant, I would reasonably anticipate a move to mid 30s initially with a succeeding gentle upward move as various events on shafts , tunnels, machines, and Torps are announced. Starting to feel very optimistic.
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