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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
i was referring to coal
Ashraf
the company undergo a specific mediation from a government to accept the opening of a pit mine.
but if i dont mistake my technical tells me that there might be heading to 97/100 even lower.
the problem doesnt reside in buying or selling this companies or junior like this one the problems is to undergo a check up of the balance sheet and the long term capital expenditure. all futures cash flow are expectation of the futures prices of the commodity but to undergo the program thecapital structure must be safe and sound. openess of the haut de bilan is primordial in this industry and i was thinking of reorganization part of the debt to working capital by reinvesting the proceed in a sukuk domicialiated in labuan that stipulates the capping price of sales on forward contract for hedging or non hedging purpose.
Resistance: - 1226.24(main), where a correction may happen. Break would bring 1232.20 where a correction may also happen. Then follows 1237.46. Be there a strong impulse, wed see 1241.58. Continuation would bring 1241.58.
3 Reasons Israel wont Bomb Iran According to CSM
http://bit.ly/bqM8aV
Ashraf
http://www.newsmax.com/Headline/John--Bolton--Iran--Nuclear--israel/2010/08/13/id/367449?s=al&promo_code=A80B-1
Bear in mind that John Bolton is a known hawk
Ashraf
shorting now stops up at 1235 looking for 1155 EW