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"Among those joining Mrs May on the trade mission will be blue-chip public companies including BP, HSBC, Inmarsat, Standard Chartered, Sirius Minerals, Standard Life Aberdeen, Astra Zeneca and the London Stock Exchange Group, an insider who has seen the list said on Friday." Haha love this paragraph! Fingers crossed for 4 years time when we could well be legitimately called "blue chip". Downing Street races to clinch deals ahead of May's China visit Dozens of companies and lobbying groups will join the PM on her trade visit to China, according to a list obtained by Sky News.
Downing Street is racing to finalise dozens of corporate deals between British and Chinese companies as Theresa May prepares for her first visit as Prime Minister to the world's second-largest economy.
The other organisations due to attend, according to a source, are the Agriculture and Horticulture Development Board; Arup, the engineering consultancy; Busy Bees, a chain of nurseries; China-Britain Business Council; Cambridge Science Park; Connect China; the Eden Project; Kendal Nutricare, an infant formula maker; Manchester University; Priestman Goode, a transport design consultancy; R5FX, a foreign exchange trading business; Rooney Fish; advanced materials producer Versarien; Whittard of Chelsea, the upmarket tea producer; and World First, a foreign currency specialist.
Whatever that figure is it will be considerable and unless they are sitting on piles of cash they will need either borrowing or share issue or a mixture of both to plug the gap. If we are 4 years away from first production any guesses as to how much more dilution will occur?
The heady returns being mooted here need that taken into account I am afraid.
If we get there, it would be interesting to see how price behaves.
Also on the weekly chart, the tl from June 2017 to the current time is being broken now, also there's bullish MACD histo divergence, same for 1433 stoch.
Had I wished to sell early today, I could have lost a deal of money due to this. we hopefully have good news of progression as well as multiple contracts signed and all the funding necessary.