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Old 28 May 2020, 09:13 (Ref:3978866)   #46
DiMaestro
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DiMaestro should be qualifying in the top 10 on the grid
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Originally Posted by peebee2 View Post
It was the secondary traders who lost out there, not the producers.

The producers problem is that now theyíre arenít selling much into the future.

So they have to reduce supply to maintain prices.

They do have reserves and have long been diversifying for the day their black gold finally loses its shine and we treat them like **** again.

I guess that's why a large percentage of the wells in my state are being closed? Reducing 'supply'. I'm not talking about supply on hand. Bahrain, like ND is a producer. If you can't pull the oil out and move it, where do you store it? How do you market it? You can't.


You have to shut down wells. Shutting down wells isn't easy, nor is it cheap. It's a monstrous cost that may actually cause the wells to produce less when they reopen.


That's kind of my point. Bahrain can no longer depend on oil income. So, where is their income going to come from? Aluminum strips? Like 5% of their total export?
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Old 28 May 2020, 13:34 (Ref:3978925)   #47
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I think it will help them stay afloat.
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Old 29 May 2020, 12:49 (Ref:3979150)   #48
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mogwai should be qualifying in the top 10 on the gridmogwai should be qualifying in the top 10 on the grid
The Williams saga came to a head as I originally suggested in the first post.
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Old 18 Jun 2020, 07:32 (Ref:3982564)   #49
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Casper should be qualifying in the top 10 on the gridCasper should be qualifying in the top 10 on the grid
McLaren a bit short of cash and looking to sell equity in the F1 team

https://www.autosport.com/f1/news/15...in-its-f1-team
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Old 18 Jun 2020, 12:26 (Ref:3982627)   #50
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I expected this kind of thing could happen. I said earlier that this might be their best hope to keep them going, so no surprises here. Hope they find a good investor in that case
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Old 18 Jun 2020, 18:45 (Ref:3982691)   #51
Richard Casto
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Serious question. What does buying equity in an F1 team get you. For those who are trying to place a relative into the car, I get that. But otherwise, why do it? Especially if it is a minority share.

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Old 18 Jun 2020, 19:51 (Ref:3982705)   #52
uesugi kenshin
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If you add the amount of money spent by both Williams and Mclaren in the last few years it must be a truly eye watering amount and neither of them have achieved anything whatsoever, seems absurd and obscene
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Old 18 Jun 2020, 23:05 (Ref:3982729)   #53
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Casper should be qualifying in the top 10 on the gridCasper should be qualifying in the top 10 on the grid
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Serious question. What does buying equity in an F1 team get you. For those who are trying to place a relative into the car, I get that. But otherwise, why do it? Especially if it is a minority share.

Richard
Toto & Lauda have made it work but on the surface it doesn't seem to make sense. I still have a gut feeling that Zak Brown would attempt to do a management buy out if things go totally pear shaped. McLaren as a group have borrowed money at ludicrous interest rates according to some media commentary so the pain has yet to really hot them and the end result is not if they go down but when. When money is borrowed at stupidly high interest rates then there is only one reason and that is desperation and it never ends well. I would not be surprised to see the end result of whatever is going to happen within a few months and possibly not that long. It might be to Mercedes advantage to help salvage the F1 team which sort of gels with a management buy out.
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Old 19 Jun 2020, 17:14 (Ref:3982811)   #54
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Serious question. What does buying equity in an F1 team get you. For those who are trying to place a relative into the car, I get that. But otherwise, why do it? Especially if it is a minority share.

Richard
I think most investors doing this are looking at adding value - they may bring business contacts/sponsors/other expertise, that add values to the team and then sell on . This was easier when there were plenty of buyers out there, but now as you say the returns are not there. Certainly they are not going to get rich on poor or no profits with little hope of large dividends.

Probably this fits the trend of investors looking for share price growth in business nowadays and then selling on. I believe that Uber, for example, in it's IPO on the NYSE a while back actually allegedly stated in the prospectus that is was unlikely to ever to make a profit.
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Old 19 Jun 2020, 22:00 (Ref:3982846)   #55
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F1 is just a giant spinning vortex that sucks limitless money into a bottomless black hole....other than that its a profitable investment opportunity for the super wealthy.
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Old 20 Jun 2020, 05:23 (Ref:3982861)   #56
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I don't believe it will be profitable. It's always been said - "if.you want to make a small fortune out of motor racing, start with a very big one."

It will implode at this rate, if two of the biggest news in the sport are falling apart. Maybe that would be the best thing, let the "Formula 1" brand go off on its glitzy, TV-orientated world with Ferrari, Red Bull and Mercedes while the garageistes can set up a racing series where the car is the star. It'll suit us grumpy old men down to the ground.

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Old 20 Jun 2020, 06:37 (Ref:3982874)   #57
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I concur
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Old 20 Jun 2020, 15:30 (Ref:3982943)   #58
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It will implode at this rate, if two of the biggest news in the sport are falling apart. Maybe that would be the best thing, let the "Formula 1" brand go off on its glitzy, TV-orientated world with Ferrari, Red Bull and Mercedes while the garageistes can set up a racing series where the car is the star. It'll suit us grumpy old men down to the ground.
The problem is that F1 has destroyed single seater racing such as the old F2 and F3 and replaced it with pointless, slot filling spec series.Even if there was a new, cheaper F1 there is nobody left to build the cars.

Mod: Fixed the quote.

Last edited by Peter Mallett; 20 Jun 2020 at 16:10.
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Old 20 Jun 2020, 21:51 (Ref:3982984)   #59
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Itís harder for F2 and F3 teams to find sponsorship, if F1 is king in terms of TV time and those two get a look in. Hence why F1 gets all the big sponsorship and has sucked all the money out of junior formulas IMHO. Hence why F2 and F3 have linkups with F1 teams
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Old 21 Jun 2020, 16:00 (Ref:3983078)   #60
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About to get messy..now in court.

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