RE:Many questionsThis was my take considering that NML has huge assets and is cash flow neutral.
When things turnaround after the COVID-19 recession and many infrastructure projects on the line, to review the economy similar to the 2008 scenario which propelled NML to a 10+ bagger stock, is a possible repeat if a big fish in the iron ore industry sees the potential (which will be inevitable if there is a supply squeeze - iron ore is more supply, - demand than oil)
I held my stock on this belief that this will materialize.
This is a firm who I believe is a venture shark capitalizing on NMLs funds \. Insider buying is never transparent. It can be to beef up the stock as they are a party to the takeover. There is no synergy I can see other than we are getting into some venture stock (building castles in the air than it will be like an UBER or an Netflix in the future). The promoter of Abbaxx has talent but I not sure of the intent - I may be conservative but I do not see any direct benefit unless we be part of a break - tons of opportunities exist in the stock market, for a similar gamble.
The run up has been great. I am deep in red holding from 2011. Hope that whatever the outcome, it is for the better. Nic e to see we have a great tightknit community sharing views over this decade on this. Hope the spirit goes further.
Also I thank greatly James for the considerable insight on the deal something which is a huge contribution from his end for small investors like us. Above comments is just weighing both sides on my perspective as an amateur investor.
This stock has been my single biggest learning exercise and unfortunately loss also. Have lost so much on the belief on TATA's backers (no ill words to them as they also lost a lot on this). Attended couple of AGM – there are big fishes who lost way more on an averaging value. I am just a small tiny amateur investor.