Ab and phily do have a financial interest in TGS. It just happens to have an inverse relationship to the movements in the share price. We all tend to have an opinion bias depending on where our decisions have taken us wrt to positioning long and short. Fundamental or technical analysis and so forth.
AB is following the slowdown in China story, bear market in commodities and tgs cashflow/funding still to not yet signed and in place. The trend has been his friend.
My only issue with AB in particular is the scaremongering to suit his position. Yes there are still risks. However, even Macquarie and UBS do not believe the funding will fall through now.
My belief is that it will be signed. TGS will not fail. It will get re-rated eventually. The actual signing of the finance together with copper finding a bottom should be the two final elements precipitating the long awaited re-rate. Going long TGS is not a gamble. It is a long term investment. Not everyone is a trader.
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Ab and phily do have a financial interest in TGS. It just...
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