interest rates predicated to remain high for the foreseeable...

interest rates predicated to remain high for the foreseeable future, even increase again soon. given SWF is already operationally profitably with $12m cash this appears to be good news for the company. therefore i think SWF can confidently & comfortably afford to buy-back the maximum 23.4m shares paying up to 17.5¢ each, as that would still leave an $8m cash war chest comparative to its current MC of $32m



"..Iran is one of the world’s leading oil producers and any disruption to its capacity to supply global markets could see oil prices rise further, pushing up global inflation from still overly high levels — making it difficult for banks around the world to lower rates, he explained.

...

Economists at Bank of America and RBC slashed their expectations for an easing of interest rates and chillingly some even warned that there could be more rate rises ahead.

The US Fed is the world’s most powerful central bank and often leads global rate cutting agenda.

...

“Another challenge for those forecasting early RBA cuts is persistently high property prices, with the latest CoreLogic data showing another 0.6 per cent rise nationally in March,” he added.

...

Bond traders in Australia have also ruled out any rate relief by the RBA this year and don’t anticipate cuts until February 2025."


next month when SBB starts could see SP appreciate nicely or???