Pharma Dynamic’s Post

𝙏𝙪𝙜 𝙤𝙛 𝙒𝙖𝙧 𝙛𝙤𝙧 𝘾𝙞𝙩𝙜𝙤: 𝙄𝙘𝙖𝙝𝙣 𝙖𝙣𝙙 𝘾𝙧𝙚𝙙𝙞𝙩𝙤𝙧𝙨 𝙞𝙣 𝙃𝙞𝙜𝙝-𝙎𝙩𝙖𝙠𝙚𝙨 𝘼𝙪𝙘𝙩𝙞𝙤𝙣 A heated auction for Citgo Petroleum Corporation sees an Icahn-backed oil refiner and a creditor group with substantial claims against Venezuela vying for control. Despite collective claims totaling $21.3 billion, the highest bids in this U.S. court-organized auction hover around $9 billion, indicating a shortfall in covering the full amount owed. The auction, overseen by court officer Robert Pincus in Delaware, showcases strategic bidding by parties, including Gold Reserve Inc and Koch Industries, blending cash and claims for a compelling offer. This contest highlights the complexities of international finance and corporate governance as stakeholders navigate through legal and economic intricacies to assert their interests over CITGO, a key player in the global energy market. #Energy #Finance #CorporateGovernance #CitgoAuction #LegalNews https://lnkd.in/gZf2Btri

Open Close Bonded Zone When a company buys a company that has a bonded area. The smartest way is to change the name of the bonded area. Instead of closing and opening the bonded area, apart from requiring a lot of time, energy and costs to close and open the bonded area. #kisahku #bondedzone #reducecost

$ALB, $MIN and $PLS are now all conducting digital auction platforms to help generate price transparency. Western Australia spodumene concentrates price transparently to be more precise. Auctions of ore concentrate from Greenbushes would be great to complete the WA "quartet" in price transparency.

📈 The failure to couple European day-ahead power markets on Tuesday led to huge price variations within separate auctions held by Epex Spot and the results from the single European day-ahead market coupling (SDAC). ⬆ The German day-ahead price at Epex settled at EUR 492.04/MWh, the highest since 1 September 2022, while the result at the Nord Pool and EXXA exchanges, which remained in the SDAC, was only EUR 103.01/MWh and in line with expectations. ⬇ The results for the French day-ahead auction showed the opposite picture, with SDAC prices at EUR 105.98/MWh compared to an Epex price of only EUR 2.96/MWh. 🔎 An EPEX spokeswoman said the exchange was “working on an in-depth analysis of the market events, including order book analysis. At this point in time, it is therefore not possible for Epex Spot to provide more insights.” An expert at a European TSO, who wished to remain anonymous, said he thought the decoupling was the largest the European market had seen to date. “I don’t think this has ever happened on this scale.” Article en français : https://lnkd.in/eFGbe7HQ ⤵

With physical gold trading at levels that are close to all time highs, a Castelnau Group company, Strand Collectibles, is pleased to announce the launch of a new trading initiative through its coin specialist Baldwin's.   Gold is a globally sought-after commodity and remains a hedge against inflation. Baldwin’s Bullion, as the new trading initiative will be termed, will provide an opportunity for investors both new and experienced to participate in this exciting market.   Baldwin’s can trace its roots back to 1872 and is one of the largest and longest established numismatic dealers and auction houses in the world.   The new initiative reflects a central tenet of Castelnau’s investment strategy which is built around modernising and enhancing market leaders and established brands. Castelnau’s backing brings both financial and operational support to Baldwin’s Bullion. Castelnau is a firm believer in the positive outlook for what is now the Strand Collectibles Group, trading as Stanley Gibbons and Baldwin's, and the opportunities these well-known brands will generate.   Castelnau will continue to support new initiatives in the business, which includes the new bullion business, expansion into other collectibles for our multi category auction house, enlarged coin dealing float, and a new digital stamp collecting experience which will also enable a potential expansion into grading and verification. We expect these initiatives, coupled with the core businesses, and in particular, the increased focus on auctions to help the business build from here.

I quote : Do you feel bourse members are worried about what’s happening with De Beers? No. One more thing I want to tell you about synthetic diamonds. I saw what’s happening with synthetic diamonds is exactly what I [predicted] five years ago: The price is going to come down. In my opinion, in two years nobody [will] want to touch synthetic diamonds, because the price now is around $120 per carat. And when the price is going to be like $50, nobody is going to buy it, because I don’t think anyone wants to get a present that’s worth [as much as] a bubble gum. The price on the market is very, very cheap, but the customer pays very [high prices]. They don’t know [this] yet. So, in my opinion, we need to [carry out] advertising to show the world the price of synthetics is so cheap, [that] it’s $100 per carat and it’s going to be less and less. And [in] the next two years it’s going to be maybe $20. It’s going to be Swarovski. What will the bourse do to promote that? I am going to do the best we can do to help the industry to kill this business, because I think it’s fake. This is very encouraging. LGD is fake and he wants to kill it ! When will this antagonism end ?

Ukraine Announces Auction for Zaporizhzhya Aluminium Smelter (ZalK) Privatization The State Property Fund of Ukraine (SPFU) has announced an online auction for the privatization of a 97.5458% stake in Zaporizhzhya Aluminium Smelter (ZalK), scheduled for August 6. The starting price is set at UAH 151.9 million, with bids accepted until August 5. ZalK is a brownfield project with a large total area of premises and land, located next to the national highway H08. The new owner must ensure repayment of wage arrears and budget arrears within 18 months and prevent employee dismissals within six months. Zalc used to be the only primary aluminum producer in Ukraine. In 2004, the Russian group SUAL became the owner of Zalc. In 2007, the plant came under the control of UC RusAl, which was created as a result of the merger of aluminum and alumina assets of RusAl, SUAL and Swiss trader Glencore. , but a court verdict returned a 68.01% stake to state ownership. https://lnkd.in/ejF3JFBE #aluminium #ukraine

This article may be worth re-reading in light of what is going on with the ongoing talks about selling Anglo American and also how De beers may not fit its new owner’s core businesses. I do not claim to be the first person to say that De beers should not be in luxury or LGD retail. They should sell off their retail brands and focus on b to b. There are enough luxury jewellery retailers and also LGD retailers that are doing a great job. I consider Forevermark and De beers Jeweller to be quite bland compared to what is in the LVMH or Richmont portfolios and Graff and Harry Winston. They are not branding nor financial successes. Lightbox was a sophisticated form of market manipulation and it failed. Nothing to write home about. Time to shed these baggage whether De beers itself is sold on not. A miner in luxury retail space and fast moving consumer goods is a bull in a china shop. Al Cook is a geologist. He may well be a great mining CEO but giving kudos to De beers branding and retail expertise in my humble opinion is a stretch. I am aware that many in the trade holds De beers on a pedestal. Reviving the Diamond is Forever campaign recently was given high marks by sentimental natural pundits but failed to appeal to younger consumers. I am told it was all done in-house. That was the first mistake.