good evening fren
Evergrande Vows to Repay Debt in 2023 After Delaying Overhaul
China Evergrande Group vowed to repay debt in 2023 after delaying announcements of a much-anticipated restructuring plan again. It’s a crucial year for Evergrande to deliver residential projects it pre-sold, Chairman Hui Ka Yan said in a Jan. 1 letter to employees, adding that construction has resumed for all of its 732 real estate sites last year. “As long as Evergrande employees can keep construction going, resume sales and restart operations, we will repay all kinds of debt and resolve risks in the end,” according to the letter that didn’t elaborate detailed plans. “Evergrande will start a new chapter after that.” The world’s most indebted developer failed to come up with a “preliminary restructuring plan” it promised by the end of July. It missed another self-imposed 2022 year-end deadline as well.
The company met with an ad-hoc group of its dollar bondholders in early December to formally discuss plans, Bloomberg reported earlier. It expected to receive support from offshore creditors by the end of February or early March, the company’s legal representative said during a winding-up hearing in late November. Evergrande was urged by the judge of the winding-up case to present “something more concrete” during the next hearing on March 20. Evergrande has delivered 301,000 residential units this year, according to the letter. The developer’s electric vehicle startup has started mass production and delivery of Hengchi 5, it added.
https://www.bnnbloomberg.ca/evergrande-vows-to-repay-debt-in-2023-after-delaying-overhaul-1.1865089
dasting
Senna had his flag (Austrian) in the cockpit of his car and was gonna fly it at Imola in 1994 at the end of that race
Sadly he did not get that chance
Meanwhile in what is normally a very quiet time for Au/Ag both up …..and thoughts on January 6th "buy Ag/Au as a protest" currently making rounds on social media
It's still paper trades and will probably be smacked down at about 8:30am EST-but noted for it's rise at a time when not much happens with them.
Gold +16.80 +0.92%
Silver +0.37 +1.54%
Also have seen some stuff circulating on soc. media about buying Silver and Gold on January 6th as a form of protest.
Not against it at all-and all for it as a form of protest however the system knows that people will do that and it will probably have an effect on the LCSs by draining their supply so it's a bit of a catch-22 as it will have no effect on the Spot Price.
If you are going to do that (buy some in size) wait until after that-a week or so-as the system will surely smack it down to send a message and tell everyone who just bought it in participation of that protest by sending a message that they chose "wrong".
If you really want to do it buy one oz (probably will just to make a statement) but nothing in the retail sector has any influence on the spot price
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
>I don't think we need to worry about the "price" of silver
Could not agree moar (and you always want the best deal and timing of the purchase).
The biggest problem is that many buy/bought it as an 'investment' and are always gonna be disappointed because they don't understand the pricing mechanism
Buy it and never worry about the price after you get-it will be unobtanium at any price at some point
>Rather have rubles to be honest, if I could get some
Totally-even said would go "alll in" on that at the time of Potato's "rubble" comment but impossible after March.
Not house money but would have been sizeable
And all these predictions of triple digit prices in Silver-will never habben as long as the COMEX exists.