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Thanks for the calculator, i just calculated, my average BARC shares is 88.1985p
Since government ask banks to give business loans and also not to put their personal assets as guarantee.
Banks dont want to risk the money to risky businesses obviously but if government can guarantee the loans and pay back to bank, then surely that will solve this dilemma, isn't? Bank can loan to any business and if the businesses went bankrupt then government give the money back to bank.
If government isn't willing to risk the money themselves, how can they expect banks to risk? Banks are business after all
The next thing, when most business go under because of the recession, the government will hold another meeting with the banks again.
in 5 months time - Government will ask banks to dilute the shares by 90% and issue Rights. Why not? We, the shareholders are the weakest and easy target.
https://www.mining.com/centamin-operations-in-egypt-unchanged-despite-covid-19/
cant see the article. can you copy and paste here please. Thanks
I think it is a very interesting time for the Gold market and CEY and other miners.
We might see the biggest uptrend in the history from here. The uncertainties are too much and the world economy is heading to an uncharted territory.
Good luck everyone.
Regards
Toothpaste.
I been observing this board for 2 weeks now and i have nil shares on SXX but i must say this board is crazy.
I been to many boards where shares collapses totally. I have never seen any boards full of discussions like this before, even in the weekend and late night, lol.
People here are overheated, i think when you are overheated, you cannot make good judgement (my advice)
I been investing in shares for 15 years and with average profits annually.
Average 81.90
So far, only one gold mine, Centamin’s (TSX:CEE) (LON:CEY) Sukari, is operating in the region — with an output of around 440,000 ounces per year.
The mine, which began commercial production in 2010, is owned by the Toronto and London-listed firm in partnership with the Egyptian Mineral Resources Authority (EMRA), on a 50:50 basis.
But Sukari may soon face competition, as Alexander Nubia expects to open its as yet unnamed mine by 2019 at a cost of up to $500 million.
I think with Brexit around the corner, and Global slowdown, it post a great risk and potentially further downward especially in Retail
Something is not right with this share. I think something is going on and it's not publish to public
But, what was behind the big drop today?
1) reduce 20% of turnover and reduce bet profit from 4% to 2%?
but the fundamental question is, do ASUS business model works for the next 5, 10, 20 years? I mean, would it profitable as a business?
The US market and the current retail downturn is temporary, the most important is the question above, does the business model is going to work in the future?
p.s. I been investing in shares for more than 20 years, and i am proudly say, i am consistently making profits every year, average.
Looking interesting this shares. 40% down in a day?!
Hi Ivan, Thank you for the reply. I actually have spent all day looking at news but I have not got the intensive knowledge yet. Intensive knowledge normally drove by calculations. I am quite impressed by the company's courage to shred 85k of workforce down to 50k of workforce. They will also close down 50% of their business. My concern as an investors are 1) Will they issue RI? Like Lonmin 2) The debt level is about $11 billion. When they are due? Will the current sales of asset about $4 billion and cutting costs of $0.5 billion enough to pay off the short term debts? Thanks
Hi Jolly, Are you going burst? I heard they are cutting costs recently, It would be much appreciated if you could explain further. Thanks
Hello, I am new here, it seems like the SP has dropped from it peak 3000 to current 320. Will it drop much further? Would be appreciate any point of views here. Thanks