Highly speculative. A gamble that relies on faith in directors doing what they boast they can do. Building a port on India's west coast on an inlet where they plan to construct a manmade island structure just offshore with short bridge links to it.
With this afternoon's announcement, Legal & General now own, directly or indirectly, a sixth of the company (16.66%), the division reporting today having crossed up through 7%.
Google Earth image updated 11 March. Thanks to 'someuwin' elsewhere.
If this is 50 acres (as per last reported progress statement) it equates to about a quarter of the proposed total port size, the remainer of which will extend towards the bottom left of this image.
As an in-out, in-out trader, I have made money from this at times along the way, but overall have lost money on this, which is never enjoyable. But am pleased that I heeded my own posted warnings that this was a gamble and staked no more than I could afford to risk.