Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
It a war of attrition that Russia dragging Ukraine and west into. If it stays a numbers war then Russia has the numbers and resources to last longer than Ukraine. Ukraine should have retreated from Bakhmut to save best soldiers. Going head to head in bakhmut is a mistake they’ll regret as Russia suck up their reserves that Ukraine will need in any spring offensive. Americans advised against it as no strategic reason to hold bakhmut . Ukraine can’t win a war of attrition with Russia IMO
Strike
Calm down, the way things are looking the US CENTRAL BANK will break something and have to pivot before they would like. SVB won’t be the last to get bitten by these interest rate hikes. :) can’t see them doing anymore than 0.25% at next meeting after this wake up warning.
Two UK banks got proposals in for SVB UK tonight, hopefully one will have regulatory approval Sunday evening before markets open tomorrow. Might give banks a good lift tomorrow along with FTSE :)
Government and banks need a rescue plan to save SVB UK from collapse by tomorrow morning to ease concerns on this issue. Bank of England will move to insolvency. Cutting this issue fine as usual.
You’re not understanding what’s going on in Bakhmut. The American generals told him to withdraw from Bakhmut and save his experience troops from casualties. Bakhmut has no major significance. The Ukrainians can ill afford losing numbers in a war off attrition where your enemy hold greater numbers and resources. You save experience troops for battles to come as Ukraine loses will be higher if they go on the offensive. Watch the video above and understand technology Wagner group are using and how they flush out Ukrainian positions then target them. Chinese technology I might add. Wars of attrition are a numbers game and those aren’t in Ukraine's favour to waste.
Von der Leyen had to scale back her tweet comments on Ukrainian casualty figures late last year (100,000). Ukrainians weren’t happy on her comments as they don’t release such figures. The casualty figures are far greater than both sides would admit. IMO
https://english.almayadeen.net/news/politics/eu-refuses-to-apologize-for-deleted-post-about-ukrainian-cas
Yes, the west got lazy cutting down on defence spending over many years so I’d go along with higher defence spending once the war ends and inflation starts to recede. Good for RR long term in that part of the business.
The west hasn’t weakened Russia, they’ve strengthened it. If putin comes away with more territory in any peace deal then he can wrap that up very nicely within Russia and his allies which I guess he’d take at this current time.
The west loses unless he comes away with nothing which didn’t look achievable from the start.
Was reading through various issues over the weekend to keep abreast of my portfolio and came across this one that reflects reality on the ground in Bakhmut.
https://m.youtube.com/watch?v=PKZpYglZrW4
Ukraine now fighting a Russian war of attrition which is playing into their hands. Russia has a far bigger population than Ukraine so the numbers game favours the Russians. Much like the American civil war the north (union) had around 20 million people whilst the south around 4 million people (confederates) 5:1 ratio so you can see what happens fighting wars in this way. West wants Ukraine to change to a manoeuvre war but bringing air power, artillery, tanks, infantry together along with logistics won’t be easy and takes western military years of training to achieve so a tricky one. Turks put leopard 2 tanks into Syria without good support and didn’t go well. Will be a peace deal once the west and Russia realise that this is the only way to end this war. Throwing more reserves into Bakhmut to fight the Russians wasn’t what the west wanted as those would be need by any Ukraine offensive this year. Watch the hour long video as reality is far different than western media would have you believe.
Jeremy Hunt was rather obscure on how long it will take to sort out SVB package, dragging their heels. Payroll issue coming so wouldn’t be surprised to see a bailout coming down the line to protect start ups from issues caused by SVB.
https://www.cnbc.com/amp/2023/03/10/silicon-valley-bank-customers-scramble-to-meet-payroll-pay-bills.html
Elon musk use his Twitter feed for publicity purposes. I doubt he has much interest in getting involved in the SVB mess. He’s a mischievous kind of guy whom uses any opportunity for publicity purposes.
Jezmaster
Pretty much sums up the issues at SVB.
https://www.marketwatch.com/story/the-government-has-about-48-hours-to-fix-a-soon-to-be-irreversible-mistake-bill-ackman-warns-some-businesses-may-not-be-able-to-meet-payroll-after-svbs-failure-1cb2e6d9?adobe_mc=MCMID%3D10759843543874452832792930826354676349%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1678576624
SVB UK already being lined up with a take over by London Bank if reports are correct this weekend. Bankers will move to sure up this situation from any contagion. Any concerns on liquidity in the financial system will need to be tackled.
The real issue is how this got passed the central banks without being foreseen. After a decade or more of cheap money and then interest rises of these levels relatively quickly then gaps will appear in the financial system so this one getting through is concerning. Remember the federal reserve can keep raising interest rates to combat inflation unless they break something. SVB must have raised concerns that they need to tread carefully as somethings happen before they can be seen. Will be filling up on more banking shares during any dip if prices look attractive enough. :)
Metom
I’d be watching the SVB financial situation over the weekend as I think the bankers will get together to resolve that situation. Doubt the sector want the situation to fester as they don’t want the fall out to spread. Why long term investors worry or crawl out to defend the stock dumbfounds me as most preach they’re staying in for 2 years or more. ****nal makes me laugh as he only ever comes on to defend the share, gives me a chuckle tho when he personalises his investment to that extent :) too emotionally attached to the stock IMO