Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have no issues with someone posting negative about a stock if he feels so. But ridiculing everyone else(including me) who has an opposing view does come back to bite in the behind.
Am resisting saying 'I told you so' hard, but dont know how long I can do it ;)
I said a mate who works in shipping is PART of my research. I do not have to shout from rooftops as to what his designation was, in what capacity etc
You may be an expert in your field , but laughing off another professional whom you dont know at all is umm let us say no so humble.
I may not have collective N decades of investing experience, I have been investing only for about 9 months, but my modest portfolio is more than two and a half times of where I started off with. If you think I am bluffing,or care, you can check the handful of posts I made across different stocks, see where they were and are and you would know. So God and a bit of luck with timing has already helped me thanks.my profits from other stocks are what I have invested here as I consider it a high risk high return investment.
You say it is a high risk no returns investment, so why not short it?
Someone saying they are absolutely sure that a stock is worthless, but not shorting as a principle is amusing to me too.
With due respect, I have atleast put my money where my mouth is.
How about we continue on this topic, say, an year from now?
The below 2 links (both from this week) is what sagarmala project is about. In the map, MPL karanja project is about 9 nautical miles to JNP and not too far from the other mumbai port
https://www.seminarsonly.com/tech/upcoming-projects-in-india-2019.php
https://www.constructionworld.in/transport-infrastructure/ports-and-shipping/-jnpt-sez-plans-to-attract-rs-4000-cr-investment-generate-jobs/25393
9. Navi mumbai where the port is; loads of industries and industrial townships all around and smart cities coming up nearby; real estate skyrocketing so this port is in the middle of real estate almost doubling every few years; google it for yourself folks..dyor
10. noone said it is a blue chip stock, it is a penny stock on AIMS - my opinion, high risk high reward. If it goes up to , say 1.5p my investment has more than quadrapled, but is not even a quarter of the original investment of many that deramp this with a passion, so not surprised to see a few who probably lost a wedge with no chance of the stock going back to where they initially invested at being sore and obsessed with pointing out the same reasons again and again. I do sympathise with the concerned persons though.
If a stock came down from 10p to a fraction of a penny , obviously it has not done well so far. Is it value at this price? I think so, so am invested. Have I done my research? yes, had a mate who works in shipping and lives in mumbai to go have a lok at the project. Believe it or not, ro-ro is only months away from being operational. My friend does not have decades and decades of experience, but was at the site and seen work happening. Is it going to go up to where it was at 10p?probably not. Does it have a chance of being traded in pence rather than a fraction of a penny? Highly likely. Historical data is not what I am putting my money on.It is at the current throwaway price after due diligence and research.
I rather go with my research and what someone has seen with their eyes rather than some who have not been anywhere near the site and calculating the project cost from google maps etc.
1. Years of delays in executing the project.
My take: even a small project of 100 flats in India gets delayed by years sometimes because of the govt machinery moving slow, permissions taking years etc. I am not surprised that there have been massive delays in this project. I believe the downside has already been factored into the price
2. Nikhil Gandhi - He is being portrayed as a scamster etc etc, but fact is he is someone who can get things done and he is someone who knows how to get things done imo and and my money is on him getting it done eventually
3. Sagarmala project - The new govt which came to power in 2014 has earmarked billions on developing ports in India and JNPT is getting a massive chunk of it in terms of infra development, rail networks, better roads etc. Even a few crumbs of what JNPT gets should result in this stock being multiples of where it is now. It would still not touch the 10p or 250 p some might have invested and are probably sore about, but at these levels, there is a decent chance of someone like me who invested in the .3 penny range can multibag from here
4. Adani group - amongst the richest groups in India busy buying up every port in sight at the moment, if they aquire this, we are laughing all the way to the bank
5. not generating revenue till 2019 - conveniently omitting the fact that there has been revenue in 2020, a trickle, but it has started
6. about it taking half a mile more or so to move goods - with due respect, I would believe it if the person who said it has seen it himself however knowledgeable he might be
7. it is a shallow port - It always was shallow, did not become shallow suddenly. How deep would one want it for 7 million mcap
8. Political situation in the state - the current local mumbai government do not have a show ball in hell's chance of coming back to power. It is going to be Fadnavis anytime soon with byelections due anyday and Fadnavis the ex-chief minister and the future chief minister of maharastra is close to Nikhil gandhi
https://www.ibef.org/news/ministry-of-ports-shipping-and-waterways-identifies-new-routes-for-roro-ropax-ferry-services
The madagascar route from JNPT should hopefully be a plus for this and another stock on my portfolio TGR hopefully
https://webcache.googleusercontent.com/search?q=cache:A-JK-Y8e4z0J:https://www.themaritimestandard.com/indian-government-identifies-ro-ro-and-ferry-service-routes-2/+&cd=5&hl=en&ct=clnk&gl=uk&client=opera
This should help reduce transport costs in moving graphite from Madagascar mine straight to patalganga project in Mumbai
"A range of mitigating actions within the control of management were assumed, including reductions in the Directors and all staff salary by 35% from May 2020 until the end of the year, a reduction in all non-essential services and delay in building out the facility which is not needed for the current three signed customer until significant revenue is again being generated. "
1. Tata - Daewoo
anyone knows who the other two customers are?
Was going through the RNS for the 25 acre allocation to tata-daewoo:
https://www.investegate.co.uk/mercantile-ports-log/rns/final-results/202009280700072174A/
28 September 2020
In September 2019, we signed contracts with the Tata Group-Daewoo JV (the "JV"). Under this contract, the JV will use our facility as its port, logistics and engineering base to execute its work streams for the construction of India's longest sea bridge - the Mumbai Trans Harbour Link, which is one of the largest and most complex engineering projects in India, with an estimated build cost of approximately USD 2.1 billion. We see this as a good example of Karanja already being a major link in the development of the region and the country. Post period end, in April of this year, as scheduled, we handed over the first parcel of land to the JV with revenue generated from that date. The Company remains confident of handing over the balance of the 25-acre plot and a dedicated berth in the coming weeks. As previously announced, this contract is expected to translate into revenue in excess of GBP 5.5 million over a 40-month period which started in April 2020.
item 28 in the link below: https://www.iprcl.in/project.php
FSR for Rail connectivity to Karanja Port
Wish they RNSed news like this.
Thanks fig. Most probable of the three would be tata chemicals imo as they already have an agreement with tata daewoo..another branch of the the same conglomerate. the ro-ro is progressing and is expected to be ready in an years time