Post by cjm on May 3, 2017 15:33:12 GMT
More reason to go on the rampage
Apparently the real figures are as follows:
...
Summbagg • 20 hours ago
For crying out loud, are there any real reporters writing for EWN ?
This was daylight robbery, underwritten by the government.
Is was not R300 million. It was 10 million barrels sold for US$28 per barrel at the time. US$280 million. Private tender, not opened to the general market. The lowest market price in the month of sale was $38 per barrel, so we lost (i.e. someone else made) an immediate $100 million at least in December 2015 with the dollar around R15. Brent Crude is now $50 per barrel.
Who made how much commission for this sale to Glencore, Vitol and Taleveras ?
Apparently the real figures are as follows:
...
Summbagg • 20 hours ago
For crying out loud, are there any real reporters writing for EWN ?
This was daylight robbery, underwritten by the government.
Is was not R300 million. It was 10 million barrels sold for US$28 per barrel at the time. US$280 million. Private tender, not opened to the general market. The lowest market price in the month of sale was $38 per barrel, so we lost (i.e. someone else made) an immediate $100 million at least in December 2015 with the dollar around R15. Brent Crude is now $50 per barrel.
Who made how much commission for this sale to Glencore, Vitol and Taleveras ?