If you believe in the long term future of HNR, then it might be worth having some spare funds to buy HNR when the share price drops heavily(as will every share) when the worlds largest indebted property developer goes under.
Evergrande in China has a $400 billion debt. Not $400 million but $400 billion!!!
That's the reported debt, so as with the GFC debacle in 2008, the debt is probably up to $600 billion.
Evergrande is close to defaulting on its payments.
Anyone who thinks that you can trade your way out of a $400 billion debt, is a day a way from the mental asylum.
So I will be parking some funds up to swoop like an angry vulture on the bones when we all wake up one morning to hear that Evergrande has collapsed.
PS The Chinese govt/army will allow it to happen as they will take ownership of the assets without the debt.
I am not a financial advisor, nor am I a downramper as some of the insecure investors on HC have suggested.
Save Some Money for Evergrande Collapse
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.98M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $21.65K | 5.412M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 101920 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5514583 | 13 |
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| Last trade - 15.45pm 08/11/2024 (20 minute delay) ? |
| RIL (ASX) Chart |