Hi Khalid,
I hope this post finds you well.
I’m writing to let you know that I’ve sold my position in Pradeep Metals. I know you are interested in this company, so I wanted to give you a heads-up.
The main reason for selling is that I need some cash for personal reasons. I know this is a bit of a pain, but I couldn’t help it.
I still think Pradeep Metals is a good company with a lot of potential. I’m just in a situation where I need to sell some of my holdings.
As far as the thesis is concerned, I still believe that the oil & gas sector is poised for growth in the next 3-6 months. This is why I’m still positive about Pradeep Metals.
However, on a total portfolio basis, I’m neutral on equity. This is because I’m concerned about the overall market volatility.
I hope this helps.
Please let me know if you have any questions.
Best,
Karan
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