Pullback.
posted on
Jun 11, 2020 08:59AM
Mr. Market got ahead of itself a bit and broad pullback will effect LAC also. Personally I think delay in Argentina construction will be more then 2 month. Main reason is not that June 28 lockdown extension but Argentina government took a radical steps stopping all international air traffic until September. I am sure LAC upper management does not live on site and without ability to get there and back, plus Gang flight from China will effect on a project completion date. I think we definitely lost a quarter and production date might be sometimes in second half of 2021. Just saying, at least no one here will give me ten thumb downs, LOL. Eventhou I feel it is coming from a same person with different ID’s. No worries, little trade always helps to improve your position.