It appears my friend came back today; well done. MRF is looking...

It appears my friend came back today; well done.

MRF is looking different now it is becoming a Near Term Producer. This same change happened to SYR and we all know how that went!

MRF is in a fantastic position to be aggressive, yes it is focused on cash flow and end-users but it also has the potential for the big strike. Sri Lanka still has not found the big strike with the new technology we all expect to be there.

MRF can play defensive, more Assets, land banking, Surveys, and Development of current positions. They can be bold with this and CR for this. They also can CR for acceleration of workers and management on the ground towards mining with their new asset. They can split focus, they can keep up their high standards and best practices.

One of the reasons they can be this aggressive is they have the leverage of capital and risk minimizing power of being undervalued. For how long, who knows? Also they have a highly attractive position in a highly attractive environment for investment.


The Central Bank of Sri Lanka predicts that Sri Lankan economy will be further stabilized in the immediate future.

http://www.slbc.lk/index.php/compon...rther-stabilized-in-the-immediate-future.html

"The Central Bank of Sri Lanka says that Sri Lanka's economy has continuously expanded to 7.8 percent in the 2nd quarter of this year. In first quarter the economic growth rate was at 7.2 percent. The 2nd quarter growth was mainly attributed to expansion in the industrial sector.

The agricultural and service sectors have also contributed extensively. The inflation has been reduced. A reduction in price levels is anticipated next month due to the positive impact on the decline in electricity and fuel charges. As a result, inflation is expected to range in the level between three to four percent by the end of this year.

The export earnings have also gone up. An estimated surplus of two billion dollars in the balance of payments was recorded in the first seven months of this year. The Central Bank of Sri Lanka has absorbed more than one billion dollars of foreign exchange from the local foreign exchange market this year.

The gross foreign assets of nine billion dollars are sufficient for six months of imports. The Central Bank hopes that Sri Lankan economy will continue to stabilize with the loan of 1.6 billion dollars provided by the government of China."


The gateways of world economy was open to Sri Lanka with the Japanese Prime Minister's visit.

http://www.slbc.lk/index.php/compon...-with-the-japanese-prime-ministers-visit.html

"The Secretary to the Ministry of Finance Dr. P.B. Jayasundara said that the visit made by the Japanese Prime Minister Shinzo Abe provided a powerful strength to the Sri Lankan economy. The visit and the agreement signed between Sri Lanka and Japan has drawn attention of the whole world towards Sri Lanka. He said that at present the Indian Ocean region has gained a prominent place in the agenda of the world economy.

Dr. Jayasundara said that since Sri Lanka is located in the economic threshold of this region time has come for Sri Lanka to obtain benefits from this strategic position. He has said that the Japanese Prime Minister's visit can be considered as a message given to the whole world that the doors of international economy is now open to Sri Lanka."


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Kind Regards