HOW MUCH DAMAGE DONKS DID
RIO stake now could be more than 51% if they took advantage
of subsequent SP drop and added some.
, OR BOUGHT THE RIGHTS , OTHER SHAREHOLDERS DIDN,T.
THE DILUTION ALONE SHALL THEORETICALLY ACCOUNT TO 30% SP DROP from $ 20 TO SAY $ 13
The reality ( look at chart ) : market overreacted and dropped IVN to around $ 8.5
and later corrected the overreaction back to $ 10 ( for 1 M in June 2012)
Without M- donks saga which started before election (May - June 2012 )
and begun with donks attack on IVN / RIO subsidiary - SGQ
the SP should rise from that $ 10 level in June 2012 by say, 30% to $ 13
-- 15% in sync with SP 500 rise since june 2012
-- and say , only 15% ( possibly much more )due to OT's HUGE cash flow and production news expectations
Which supposed to happen by end 2012
GOM threats resulted in RIO's taking cautionary stance by delaying comercial prod by 6-8 months so far.
( by IE slowing down the power negociations and whatever pretexts )
THE DIFFERENCE BETWEEN $ 13 ( where SP shall be without donks interruption)
AND $7.5 NOW = $ 5.5 B LOST VALUE = ALMOST AS MUCH AS TOTAL OT INVESTMENT TO DATE .
THE BROADER VALUE DESTRUCTION BY M DONKS IS CLOSER TO $ 20 B and counting;
* destroying value of all the other public and private cos operating in M
*loss of $13 B opp. to suck -in western cos / investors into the TT COAL SCAM
*loss of untold $$ Billions in present and future FDI flows
* set back of M development by many years ( GDP growth will drop by 1/2 .
currency dropped 15% so far and accelerating , GOM debt and budget gap IS on default trajectory within couple of years )
$ 20 B is about the price for whole M ( if M GDP = sales and @ P/S = 2 )