how low can this go..., page-23

To my understanding whether the retail shareholders decide to subscribe or not it will have almost no material effect upon the finances of Bandanna as any surplus will end up in the hands of the underwriter who, of course,
will be busy passing it on to the sophisticated investors that already indicated to be interested in acquiring more.

Bandanna projects are in a stage that have attributes that would lead them to capital appreciation via acquisition by bigger companies.

As countries urbanize, the intensity of steel production and energy consumption grows. In countries such as South Korea or Taiwan, the intensity of steel use is triple the intensity of steel use in China. Urbanization is at 80% of the population in some of those industrialized countries where China is only at 40%. And, of course, the same applies to India.

Predicting the future is always a risky business and I am no better than anybody else at that, but I do remember that at the pick of the crises Bandanna's shares were 19cs and although I bough some at that price I did not bough enough, reason why I am buying again.