IRL 0.00% 0.2¢ india resources limited

great read, page-6

  1. 852 Posts.
    "Even if the NTA is downgraded for revaluation and depreciation, a 30%
    downgrade would still mean that you are buying in for 20 cents in the dollar."

    what do they mean "buying in for 20 cents in the dollar"?

    im confused :S

    anyway - looks as though banks are still lending IRL money!

    At the moment India is thr only major economy that hasn't been very badly hit by the economic downturn (as compared to US, Europe and possibly even China)

    At least we had that on out side! :P

    HipHop
 
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