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Hope Mike, Hope is a dangerous thing.
It's a good job the company has topped to highs of 7800 in the past.That tells a little story in itself.Granted, things have changed but the company has proven itself before and will again.
I'm not going to write out my investment case just for you.
You're looking too near term.
You lookafter yourself doing the rounds on theses boards.
Shorts are rampant, inflations high and therefore interest rates are too, two almost three wars, vital import/export route compromised.
Other reasons are that the company bought way too much stock in the pandemic, people bought more clothes than they needed during lock down, company board got lazy when the sales were through the roof and thought it would continue.Although Shein are not directly comparable they have taken a market share away.
Sales are down due to the above reasons.
many of these factors are improving, not to mention a leaner business model is coming to fruition.
Fair one Adam, here you go.
Hasina30 Mar 2024 18:51
This is definitely a stumbling block.
Bangladesh was the worlds polluted country last year.
https://ibb.co/cwF8mLM
If they start agreeing to ever more coal mines, there's no doubt that the world climate change bodies will not be happy.
That said, the irony is that it would actually work out better for the environment, as there would be very little emissions owing to logistics, compared to importing coal from other countries.
Profit split30 Mar 2024 09:51
Let us say that the government have agreed to go forth with the open pit mine.
How then do we think the profits will be split?
Given current stake holders are;
Do Power China own any GCM shares?
GCM. ?
Power China. ?
Bang Gov. ?
GCM would share their cut out acordingly, I assume
Gcm Stake holders ;
Polo resources 17.8 %
Dyani. 12 %
Infratech. 4.2
I know the SP would rise and everyone here would be long gone i.e. no one really cares who gets what.
But this is another interesting angle on the whole situation.