Double edged sword26 Jul 2018 11:36
So the debacle with the missing coal. Would not surprise me that the coal was sold under the guise of Indian coal and bought back.
Anyway they need to sort the power issue out simple as. The inability to manage this will lead to a huge power shortage. There is now a real political issue that hasina can use to say enough we need to let the Chinese take control of this for us. And announce major projects.
Or she says we are going to take greater control and this will lead to less investment.
I believe the election has nothing to do with this decision as it is a national crisis.
I actually believe the current missing coal issues is a positive for GCM and the Chinese. Hey need to secure power in the short term and as as such they have very limited options.
It’s a binary bet, however if I had more capital I would be buying on these dips, but with a view that a GL could be next week or next year.
If you have some spare cash and want a 10 to 15 bagger then this is a good gamble, not investment, gamble.
GL all