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Wanderers Ways. Neil Thompson 1961-2021

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  • 2 months later...
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The Swiss owners are too distracted with other things to focus on our current situation and that massive War Chest isn’t coming anytime soon.

 

Commodities trader Trafigura is coming under heightened scrutiny by some of its lenders after a series of scandals hit earnings and dented the company’s value. 

The privately held group uncovered a “massive problem” at its Mongolian oil division this year, which cost it $1.1bn and contributed to a steep decline in profits and dividend payouts. It is the second such issue to hit Trafigura in two years after it said in 2023 that it had been the victim of a $600mn nickel fraud. (FT)

 

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