InvestorsHub Logo
Followers 7
Posts 7770
Boards Moderated 0
Alias Born 03/05/2014

Re: None

Thursday, 10/05/2023 9:53:19 PM

Thursday, October 05, 2023 9:53:19 PM

Post# of 1498
Bad_news at_Codelco is_impacting investor_confidence in_Codelco
Credit rating drops from A3 to Baa1, VPs leaving... it is all slowly "adding up" hurting Codelco's borrowing power to nonstop borrow and keeping themselves afloat for another 4 to 6 month stretch at a time. https://www-redimin-cl.translate.goog/degradacion-crediticia-de-codelco-expertos-calibran-el-golpe-y-advierten-impacto-en-la-confianza-de-inversionistas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Now imagine what will happen if Maximo Pacheco gets the axe before this end of October.

For us specifically, if Maximo is fired then the Gang-of-7 which is now the Gang-of-6 will become the Gang-of-5 effectively taking all of the 5 remaining racketeers out of the running on locking up Chile's lithium for their own "fiefdoms" which is a good thing.

The Doctor

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.