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#ineos

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#capitalism #HNW (High Net Worth) #Money #INEOS Explainer: O dear, Sir Jim now worth only £23.5bn, down £6.2bn) . Company debt = £10.6bn . Even Bear of little Brain (#BOLB) senses some unnecessary hand wringing. £10.6bn is a lot of leverage (i.e. 'he owns his creditors' : The McAwber principle £1 of debt, you own the bank! They need you if they want their (?) dosh back.) n.b. This principle only works for us little people if you are smarter than your bankers, lol. 🤣 🤣 😎
theguardian.com/business/2025/

The Guardian · Jim Ratcliffe’s chemicals business under pressure from Trump tariffs, Moody’s warnsBy Jillian Ambrose

Oh no. Are things not working out between the #OilBlacks and #INEOS?

Who could have ever guessed oil giants would be untrustworthy partners?

I'm shocked. Shocked I tell you.

Fortunately our government is smarter and more forward thinking than NZ Rugby and isn't currently going all in with a dying industry infested by sociopathic profiteers. Right?
Right??

:dumpster_fire: