Even though market sentiment and BAL's sentiment has taken a hit, we should still breathe a little easier.
Permit has already been given to one of Camperdown customer and the permit for BAL, the owners of Camperdown canary will come soon. If the obvious facts are to go by, it tells me that China's admin authority weapon of choice is time, and thank god we don't have massive payable corporate bond debts, that would have brought us down.
I still think BAL has much brighter future than others, excluding A2M, which occupies the king position in this space. Few weeks ago, I wrote about BUB and its "gross margin risk" which is a serious flaw in its plans ahead, a massive structural problem as well. 12.72% is what they have. I feel sorry for holders there. It will get shorted to oblivion when someone big brings this to light. So when you compare fundamentals, BAL will be okay when you look around.
