If you are so sure ATMA, please correct the details as provided in the Southern cross report provided below
First of all, the rail line upgrade and refurbishment needs to be completed. Currently two large Indian rail companies RITES and IRCON are doing that (they own 51% of the Joint Venture and have a 25 year concession to operate) and that should be completed by late 2009. Also the port facilities at Beira need to be upgraded. That will be around $500m and that is needed to upgrade the existing facilities to handle panamax vessels, upgrade coal loading facilities and rail lines into the port and the like.
you really think Ken Talbot would be investing over $100 million if there was no hope for the company??
please explain your comments??
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held