TGS tiger resources limited
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Grid upgrading

  1. wubing
    4,133 Posts.
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    31/08/15
    12:43
    Post #: 15904993
    China Grid upgrading especially in the country side, where a large amount of Copper cables need to be upgraded and replaced. Government has announced an upgrading package with an amount ~1000 Billion Chinese Yuan, or ~200 Billion USD. This will be mainly supported by PPP program, which the central government would put ~1 third of the money. Check http://live.sina.com.cn/zt/f/v/finance/globalnews1
    Here it says 2000 Billion probably including other Grid relevant program such as city Grid upgarding.
    The other day I watch a TV program "Economic Half Hour" and it discussed about this country side Grid upgrading ~months ago.
    So in summary, Cu will be in huge demand and we may see the price recovery fairly soon.
    All IMO. Do your own research.
    TGS Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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