With the demerger of the steel facility will come a special opportunity.
Buying this at current price and IDeally would 125 would give some serious value.
Technically the stock is at a support and has a huge RSI positive divergence.
IF the stock bounces from here or lower its a buy with doubling allocation above 150 levels.
No SL on this play coz its a value bet and a play on the demerger of the steel and mining business into 2 seperate entities.
Post the demerger sell the steel business and hold onto only the mining business..ideally even add all that money from the steel sale into the mining and let the stock ride for atleast a decade and keep enjoying the dividends.
Buying this at current price and IDeally would 125 would give some serious value.
Technically the stock is at a support and has a huge RSI positive divergence.
IF the stock bounces from here or lower its a buy with doubling allocation above 150 levels.
No SL on this play coz its a value bet and a play on the demerger of the steel and mining business into 2 seperate entities.
Post the demerger sell the steel business and hold onto only the mining business..ideally even add all that money from the steel sale into the mining and let the stock ride for atleast a decade and keep enjoying the dividends.