Watching foxtel cnbc tnt, guess what,
Brazils president Rouseff hold news conference with Obama at the white house washington tnt.
summary of statements-
US$115B of US direct investment in brazil in 2013, the largest foreign investment, yet only $15B by brazil companies in the usa
Rouseff proposes greater investment, cooperation, loans, trade betw usa n brazil, playing both chinese n yanks against each other
Economic recovery of usa impt to brazil economy, bilateral trade to expand with higher value added products
Wants to double current trade in a decade..wow
NP flashes past at 12010 up 8.6% from 4.87 lows this morning...more wow
V whipsaw NP rebound in full flight
slash tariffs on industrial exports, slash red tape (how about doing that for usa NHs on the santa rita mine first)
Do away with complex permits n restrictions
positive impact of brazil exports,
usa is the main foreign investor in brazil,
want to further expand these trade flows n investments
Objective to strengthen macro economic policies, reduce risks for us a foreign investments in brazil
streamlining processes betw companies n brazil govt
Obama promises greater usa investment in brazils massive infrastructure development plan , thanked for that commitment
enjoyed frutiful relationship betw our 2 govts and business community.
FFS... has she not heard about the US$400M loss on book with MBN? This sits over all usa bondholders and bankers as their as the red flag to all usa investors, is she blind to this loss this disaster this complete failure or returns to usa investors
Obama can promise all he likes but Wellington, Boston first state, hamilton et al will not invest in brazil till MBN is worth $600M again and they recover theor losses plus costs n interest. Rousseff can promote brazil but the MBN roadblock sits there in the path as a precedent shafting all usa n oz investors or 80% to 98.5% of their cash investments be it bonds or share cash purchases.
Obama n Rousseff are not that stupid.. the.MBN precedent is a major problem for future us-brazil investments, it has to profit n return capital gains instead of large capital losses or many usa investors will not invest in brazil after being burnt over MBN.
So the world is coming to MBNs SP rescue, Obama, Rousseff, Maryse CEO (looks very much like Rousseff), and chinese president also.
MBN SP will spike and provide gains to usa investors or this PR investment blitz will go nowhere. Heres what the fly on the wall saw at the meeting
ROUSSEFF
Signor andele, We need to boost usa investment from $115B to $230B into brazil,grazias, ask your bondholders for more money to throw down brazils black holes, we be friends more, like with the chinese
OBAMA
ill promise to help, we invest a lot for bad returns, but w
hat about MBN, we did that already and we lost $500M so far and the MBN SP languishes at 11.5c 70% lower than what we invested in it, you got the jobs for 540 workers yet took the money n infrastructure, what you going to do there, my lobbyists from boston, good working town people like you wont pay a cent to you unless MBN is resolved
ROUSSEFF
Ohhh, si si, thats ok, my sister maryse in charge, they got secret chinese buyers n massive cashflow, moneybags coming to your people soon plus SP to skyrocket, just need NP to go up and BRL to drop more, ive told the brasil bank, drop the rates, grazias dont worry, tell them to buy buy buy. We need MBN to hire 1000 not 540.
OBAMA
Well that may not wash with the lobbyists, they want their money back in full, you want investment then show us its worth our while, we are the largest n original capitalists, we supported that mine and built it with our us$, I insist, do that and the whole usa not just wellington and hamilton but all usa NHs will invest in droves if MBN spikes n returns gains to our friends
ROUSSEFF
si si, its done they just keep it secret, us$100M by dec, dividends, mutual returns to us investors on way, big profits and dividends, chinese are buying the product in large quantities, chinese president promised me, its a done deal, pssst get shares yourself for a good 5 bagger from here.
BOSTON LOBBYIST(Wellington employee)
Sign here signorita, you agree, give us votorantim, stuff up the ruskies at norilsk throught your judges and we got a deal, Obama wont need to know the details, but We the usa NHs must have guarantees
We are sitting on a nuclear powered rocket, the world is coming to MBN.
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