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News soon via RNS on this....March....
The Company's subsidiary, Karanja Terminal & Logistics Private Limited ("KTPL"), has entered into a contract (the "Contract") with Rudra Marine Services (RMS), a Mumbai based, trading and stevedoring company, which handles coal and other bulk cargoes for various end customers. The Contract is for an initial period of five years and MPL is expected to handle approximately 2-3 million tonnes over the next 36 months. RMS is scheduled to commence using the facility in March, with there being a significant ramp up of operations from September 2021 onwards.
atb
Lockes...
That's ok mate, always tricky on a phone to get it word perfect, been there many times before...good post and it sums up my feelings on the stock. I've said before...buy and hold, as Warren Buffet sometimes says ...some people just dont want to get rich slowly...anyway hold for gains, I'm holding long term and that's several years for me, imagine having bought into a stock at under a penny and in a few years it's worth pounds...
Atb
Lockes...
Hamodeh82,
Yes I have seen the same, I think we have to agree that there is a port ...under construction...there was a part on the official website about the company's past achievements and that certainly seemed to me at least quite encouraging as well as the Director's buys. Buy and hold for me.
atb
Lockes...
Quite encouraging I would say.
https://www.mercpl.com
about MPL the more I like, reading through some of last years RNS is particularly interesting, especially when I see the Directors buying stock in MPL several times, also the 5.5 Million pound deal with tata and Daewoo initially over a 40 month period, also the new bridge being built and this port is perfectly situated to handle the unloading of the building materials. ...its all there you just have to look.
What I can say is this....it looks cheap, unbelievably cheap...at the moment. Once the port is in full swing I wouldnt want to say where the SP is heading but I believe in a few months we could see at least a 30% rise as a minimum on today's level. That's just an opinion, it's not written in stone ....and I could be wrong....If it wasn't for the Directors buying the stock several times and the high profile companies that MPL will be dealing with I honestly don't think I would have bought in if I'm honest. Looking at what I have read I just can't see this staying so low, I'm really not kidding when I say its unbelievably cheap right now, just my opinion...
atb
Lockes...
That's a shame for the company and those invested here.
This can happen from time to time, it's a set back but it's not the end of BPC. I think they need to do a joint venture as they probably spent a lot on drilling Perseverance 1. That wouldn't of been cheap especially at those depths.
I'm not invested here but I'm sure the company will bounce back, I bet the Directors are feeling a bit low right now, as are some of the shareholders...keep your chin up guys...
atb
Lockes...