Rock and a hard place2 Dec 2018 11:38
GSPC are effectively between a rock and a hard place here imvho....
They know they have kicked the can as far down the road as they could....it's now time for them to get serious.
If they go to arbitration, the whole process is outside of India and totally independent...but it's going to be stacked hugely in oex's favour based on the back of court case....
So they have little option but to negotiate with OEX....and when we add the facts form the last news release, that talks have been positive, it adds weight to this....
If you look at how large Indian companies operate, they avoid paying up as long as possible...but when push comes to shove and there's no other options, they do eventually settle up...
I would not worry about gspc's debts, this is very much normal for state owned Indian companies...right form the national airline and through to most other state co's.....all loaded up with the D.....
Just Indian politics at play...and how they deal with things....
Certainly by all intents and purposes, a settlement before Arb...would be logical...and if that happens....the stock would react positively...
I certainly think buying the dips here is the way to go....but as always this is Aim, so its important to be sensible...but i think this looks good for more upside over the coming days/weeks imho...
remember buy the dips....and never the spikes....if we do see anything below .30p...that is a buying opportunity imvho...i doubt we will go there again, but who knows
....
Good luck folks...i'm loaded here...added late on Fri as well...but i'm completely relaxed and confident about my position here...
atb, wdik, dyor,
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