Tuesday, October 26, 2010

REVIEW ON RESUGERE MINES AND MINERALS LTD

Hi Mahesh,
I would like your thoughts on Resurgere Mines & Minerals India Ltd. Is it good for long term investment.
I do not mind waiting for a year to receive profits. Any research on this is much appreciated.
Thanks,
Steve


1. Respected Steve sir, thanks for your continue faith on my blog.
2. I remember that I give my negative view on resugere mines and minerals on your question at this blog
3.
CLICK HERE TO READ THIS FORMER VIEW
4. I am sorry to say that my view is still negative on this stock even you are ready to hold it more then one year but share show distribution pattern and company plan to dilute his equity resugere mines and minerals passed resolution on Raising of additional long-term funds up to Rs. 500 crores through further issuance of securities in the Company. and Increase in the Authorized Share Capital of the Company up to 750 crores ( both are dilute equity and negative impact in short term) so I think it is much better to buy this share after one year because one year is sufficient period for price adjustment.
5. Please note this view is my personal insight and I may be wrong like other investor or analysts.

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