Rights Offerings
Eros Resources, etc.
What will the post-covid19 world look like? Would China be able to emerge out of the crisis? What will happen to the West? Maurice Jackson and I also discuss the future of Western civilization and that blacks in the US should look for better heroes—this discussion happened before George Floyd died:
I have for long written about an instinctive pull that the Third World has for subsistence living and dark ages. One has to watch them closely, unhindered by political correctness, to appreciate how, as if guided by some destructive intelligence, they destroy any quality of civilization bestowed upon them by the European colonizers. Here is a discussion on how Indians are on a suicidal path:
On Investments…
One of the best ways to make a quick money at low risk is to participate in rights offerings. Buy a minimal number of share rights, and then apply for over-subscription. Here is one offering currently in progress:
Eros Resources (ERC; C$0.09): I am not suggesting to buy ERC, but ERC.RT, the share rights (which convert to shares for C$0.05 per right). On a post right offering basis, the book value of ERC, according to my calculation, will be C$0.09 per share. So, how would I play the rights? I would buy 1,000 ERC.RT, which might cost me only about C$20. These rights will trade until 7 August 2020. A few days before the expiry of the offer, I would ask for a large over-subscription. Anything that you end up getting in over-subscription could make you an 80% profit. Of course, you don’t always get your over-subscription filled, but it is worth trying. Make sure to check the circular to see if the country you live in allows you to exercise your share rights.
Warm regards,
Jayant Bhandari
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.