DBK - U know I could post a DCF in 2-mins...
This was an exercise based on simplified market rational.
2012 is still a long way away - I believe that Morocco will not flood their own market as soon as physically possible and kill 70% of their profits. Just not good business... Particularly when they have the luxury of doing this at whatever pace they choose.
I definitely don't get why shares get sold or bought like crazy, but business I do get.
hypothetical economics, page-3
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