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GremioPower

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This is the juncture where David Koch reveals to us what he is truly made of ... ... ... and whether he is in fact the right person to be Chairman of the Port Adelaide Football Club in 2020.
I thought that the news were good, but not THAT good. Now, it is a matter of Port capitalizing from it.
 

RussellEbertHandball

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https://www.adelaidenow.com.au/business/sa-business-journal/sanjeev-gupta-will-invest-up-to-100-million-on-iron-ore-and-copper-projects-in-south-australia/news-story/86e01340c463582fbff0a3a306cb0fae
Sanjeev Gupta’s GFG Alliance will invest up to $100 million in Adelaide’s Havilah Resources, in a “transformational” deal for the smaller company. The owner of the Whyalla steelworks has committed $50 million already, and could invest a further $50 million subject to conditions. The money will be used to develop Havilah’s South Australian iron ore and copper projects in the east of the state.

The entire value of Havilah is currently just $33.8 million. The shares jumped 25 per cent on the news this afternoon, up 4c to 19.5c.

Havilah has told the stock exchange in a statement that the deal gives it “access to an end user steelworks and export facility at Whyalla, facilitating potential development of iron ore projects’’. “Funds will be applied via agreed work programs to advance the projects to completed definitive feasibility studies over an anticipated and relatively short three-year period, as well as potentially providing funding for exploration, corporate and administration costs’’ Havilah said. “GFG has the capacity to support and facilitate the future growth of Havilah through access to global capital markets, capital investment, technical assistance and commercial offtake agreements.’’If GFG invests the full $100 million it will end up with a controlling 51 per cent stake in Havilah. The deal will need to be approved by Havilah shareholders.......
https://www.adelaidenow.com.au/business/sa-business-journal/sanjeev-gupta-will-invest-up-to-100-million-on-iron-ore-and-copper-projects-in-south-australia/news-story/86e01340c463582fbff0a3a306cb0fae
 

RussellEbertHandball

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Just had this email hit my desk.... Not sure what it means for us.




View attachment 710053

View attachment 710054
Sanjeev Gupta has talked about going to the capital markets to raise funds to expand in Oz.

Branding his Oz Liberty assets as InfraBuild, means his private Liberty group offshore assets, which his family owns, doesn't get mixed up with the Australian assets listed on the ASX in the future, is my bet why this change now.
 
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Power Raid

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Sanjeev Gupta has talked about going to the capital markets to raise funds to expand in Oz.

Branding his Oz Liberty assets as InfraBuild, means his private Liberty group offshore assets, which his family owns, doesn't get mixed up with the Australian assets listed on the ASX in the future, is my bet why this change now.
My punt is he will list the assets in Australia and then do a deal with the Indian government or taken over by the Indian government in 2 years.

In return for getting around FIRB, Sanjeev will be given an asset in India through a "competitive tender process" in traditional Indian style.

Same said for the other Indian families sent to Australia in the last 5 years
 

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RussellEbertHandball

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My punt is he will list the assets in Australia and then do a deal with the Indian government or taken over by the Indian government in 2 years.

In return for getting around FIRB, Sanjeev will be given an asset in India through a "competitive tender process" in traditional Indian style.

Same said for the other Indian families sent to Australia in the last 5 years
So Ports for India?
 

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So Ports for India?
BHP and Rio were told a few weeks back to diversify their customer base away from China. Specifically referring to coal but just as relevant as iron ore.

The obvious next largest growing market is India.

The issue with India would be time zones but both China and India have purse strings that could benefit Port and the companies seeking government approvals in SA and Oz.
 

RussellEbertHandball

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Back on page 39 when I went through what GFG are doing in Oz and around the world and discussed some of their businesses and Gupta's vertical integration approach to owning and running business, I mentioned the GFG Foundation in the UK -

They need to train the work force. They have the GFG Foundation "which aims to address the growing skills gaps in industry and enable young people and experienced workers to reach their potential. In the UK - "Working with respected partners such as the Industrial Cadets programme, inspired by HRH The Prince of Wales and delivered by the Engineering Development Trust, the Foundation aims to help improve the prospects of 5,000 people over a three-year period." I can see a major major upgrade of TAFE in Whyalla and scholarships handed out for STEM subjects degrees just like BHP used to do. They have an engineering services division which will no doubt make its way to Whyalla in some form.

They launched the Oz version today















 
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RussellEbertHandball

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Another day, another purchase by Gupta to add to his vertically integrated empire.




Earlier today the Financial Times reporting his bank purchased the building the family business rents in London. Financial Times calls his bank a challenger bank. IIRC challenger brand was the phrased used for both Renault and Port at that MCG launch in February 2013.

https://www.ft.com/content/0fcc8fc0-bab0-11e9-8a88-aa6628ac896c
Sanjeev Gupta’s challenger bank has invested more than £60m in a property in London’s Mayfair whose main tenant is the industrialist’s family business. Wyelands Bank, which was acquired by the Indian-born entrepreneur in 2016, has sought to wrestle customers from traditional high street banks by offering attractive savings rates. The bank specialises in lending to small and medium-sized businesses. It paid £64m for an “investment property in central London,” whose tenants include the GFG Alliance, a group of businesses controlled by the Gupta family, Wyelands’ annual results showed. The bank, which generated £469,000 of pre-tax profits in the year ending April 2019, acquired a British Virgin Islands company called Mallnick Holding that owns the property, according to accounts filed at Companies House on Friday.
...........
https://www.ft.com/content/0fcc8fc0-bab0-11e9-8a88-aa6628ac896c

Was great to see Sanjeev at the game and toss the coin. Reckon that's the first time he has attended a game at AO. Probably planned to be against Sydney given that's where he lives.

725393
 

snozulu

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GFG Alliance Chairman Sanjeev Gupta has approached the federal government for financial assistance, which could take the form of a government loan guarantee.

Mr Ramsey said a dollar figure had been proposed by GFG at a preliminary stage, but he wasn't aware of what the figure was.
"We have signaled our willingness to sit down and talk about the possibility of co-investment or underwriting whatever it may be," he said.

"But this is not very advanced...it's early days."
Port Pirie's lead smelter was saved by a $291 million loan guaranteed by the state government in 2014. That loan will be paid back by late 2022 by new owners Trafigura.

Member for Giles Eddie Hughes said it was possible that GFG were looking for a similar loan guaranteed by the federal government to allow the local business to expand and remain sustainable.

"It's entirely reasonable for a company to sit down with the government to discuss that and negotiate what assistance might be available.
 

findonite

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GFG Alliance Chairman Sanjeev Gupta has approached the federal government for financial assistance, which could take the form of a government loan guarantee.

Mr Ramsey said a dollar figure had been proposed by GFG at a preliminary stage, but he wasn't aware of what the figure was.
"We have signaled our willingness to sit down and talk about the possibility of co-investment or underwriting whatever it may be," he said.

"But this is not very advanced...it's early days."
Port Pirie's lead smelter was saved by a $291 million loan guaranteed by the state government in 2014. That loan will be paid back by late 2022 by new owners Trafigura.

Member for Giles Eddie Hughes said it was possible that GFG were looking for a similar loan guaranteed by the federal government to allow the local business to expand and remain sustainable.

"It's entirely reasonable for a company to sit down with the government to discuss that and negotiate what assistance might be available.
And I think PwC are preparing the business case for the bail out....Ports all round.
 

RussellEbertHandball

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And I think PwC are preparing the business case for the bail out....Ports all round.
LOL he is preparing for a government guarantee, not a bail out.

A government guarantee will let his finance guy Lex Greensil of Greensill Capital to be able to bundle up his bonds as having low risk or higher credit rating, not quiet a low sovereign risk rating like his Scottish aluminum plant and hydro power deal, but a lot higher rated than if no government guarantee.
 
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