I am really enjoying watching US-politics these days! Much better fun than under Obama, and much more action! I have not paid him /and I did not know anything /and I did not f..k her anyway / to yes maybe and that´s what rich people do - pay a retainer on a monthly basis for problems like "this" coming up ...and if there is not enough money to pay for settlements ( this must clearly be the reason???? ) I will pay over the enxt few month, trust me....the entertainement value of all of this is excellent. The main surprise to me is, that obviously, Mr.President is employing second rated lawyers! Perhaps they are the only ones happy to do the job??
Anyway...payroll numbers in the States strong, but not as stronga s expected...perhaps not enough unemployed workers around even? Hard to say - in any case, a solid number, with wages growth of 2.6% YoY in check and hence, there should not be any drama in the bond market! Metals are not doing much today, either - looks like everybody wants to have a relaxing weekend!
Strong result from Macquarie Bank - the bank has exactly the same market cap as Deutsche Bank today! Testament to a great performance ove rthe years, and to a never-ending desaster at Deutsche Bank!
West African Resources - have raised 35 Mill A$ at 32ct! 47 Mill A$ cash in the bank, once this placement has settled. The company will only need a few mill to finish teh feasibility study over the coming weeks, to be announced in June I guess, alongside a new resource/reserve statement. I understand, that there was some very strong demand from Australia, while the foreign tranche was also heavily oversubscribed. This placement is certainly a strong indication, that the company can go this alone, and that Sanbrado can easily be financed ! Great news! I still believe, that we will see a takeover this year - but if the company would not want to develope this themselves, tehy would not have done the placement, in my opinion! The real news will be in June - for now, we will have hopefully seen the bottom of teh share price! I participated in this placement. The news is out, so I assume, that the stock will relist in Canada later today.
You have a nice weekend!
Schröder Equities GmbH
eingetragen im HR München, HRB 166985
Geschäftsführer: Wilhelm Schröder
The information contained in this communication is confidential and is intended only for the use of the addressee. Unauthorised use, disclosure or copying is strictly prohibited. If you have received this communication in error, please delete it and notify us by telephone at +49-89-4613440-0, by fax at +49-89-4613440-10 or by e-mail at firstname.lastname@example.org immediately. Please note that this communication does not constitute and may not be construed as investment advice and / or referral to buy or sell financial instruments. Unless specified otherwise, the views expressed in this communication are solely subjective notions of the individual sender and / or the entity or individual stated as the author of any information submitted. Performance in the past may in no case be considered as an indication for future performance. Please also note that Schröder Equities GmbH and / or its officers or employees may have interests in financial instruments referred to this communication. A current list of shareholdings can be emailed on request. Furthermore, our clients are hereby informed that Schröder Equities GmbH renders advisory services to Nestor Australien Fonds, an investment fund administered by Nestor Investment Management S.A. Luxemburg. Please also note that e-mails can be intercepted by