There's a non-existent relationship between the stock price and the company. The perennial syllogism keeping some awake at night is that there might be a relationship. I think the fundamentals of BSE are solid and good. The lack of good news/bad news creates deleterious effects for the price, but this means nothing overall. People are still going to work at BSE, the plan is still in action. Business as usual progresses.
Just because someone big wants out, doesn't mean BSE is done for. That investor probably has a better opportunity somewhere else (for their respective risk appetite). They might even be happy to take a loss for the new opportunity. We just don't know.
I don't think anyone thinks the risk of the mining development at Toliara has more risk than the government of Madagascar itself presents. But seems next Monday might present new info regarding the mining code. Or maybe it's the end for the Rojo Dojo! Of course if the whole thing goes to pot and burns all my invested funds, I'll be spewing! ...But I do strongly doubt that possibility.
not investment advice, dyor
BSE Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
