Long Tony the fundamentals stack up with resource size , easy access ,scoping study etc all in place and now the approval of the landholders it is now only the environmental study that can be a blocker . Also the port over the causeway allows easy exporting . Sri Lanka is desperate for foreign exchange as Covid killed tourism , Government policy killed rice exports and tea production dropped 35% due to fertilizer bans . The economic crisis has led to a pro business development approach with the emphasis on exports .
That said TSL has some obvious weaknesses with the dominance of the share registry by those with massive holdings possibly unhealthy massive as TSL with a very good prospect has the hollow silence to any announcement no matter hoe good or bad No optimists , no stirrers only the sleepy silence .
There is an elephant in the room in the shape of China . Sri Lanka are major borrowers from China and thus they have skin in the game .
As a long , long , long time shareholder with a fair few shares I am backing the resource and the profit possibilities .
Also TSL most likely need a big brother
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 5394410 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1303219 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 5394410 | 0.005 |
9 | 1812980 | 0.004 |
4 | 2673333 | 0.003 |
3 | 1200007 | 0.002 |
3 | 11000024 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1303219 | 2 |
0.007 | 3220695 | 6 |
0.008 | 3777777 | 3 |
0.009 | 1000000 | 1 |
0.010 | 975892 | 4 |
Last trade - 13.30pm 05/06/2024 (20 minute delay) ? |
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