Wednesday, September 22, 2010


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.
Another stock I have an eye on is MIC Electronics which you bloged on January 26, 2010.. What do recommend I do with this stock?
1. Resurgere mines and minerals ltd is a 1 rupee face value mining company currently traded at 2.25.
2. 52 week high of resurgere mines is 5.12 and 52 week low is 2.13.
3. EPS of resurgere mines and minerals is 0.19 so share traded at P/E of 13.42.
4. promoter holding 26.81 % in June 2010 and in December 2010 promoter holds 56.17 % so promoter dilute there holdings and this is always negative for company.
5. I think this company never gives dividends (not sure) AND THIS SHARE SPILT RECENTALY so after a spilt share enter in sidways movement for some time.
6. Book value of resurgere mines and minerals ltd is 2.33
7. Operators active in this scripts and huge quantity bulk deals shown in resurgere mines and minerals ltd.
8. Board of Directors of the Resurgere Mines & Minerals India Ltd at its meeting held on August 26, 2010, inter alia, have decided to convert the 6500000 warrants into equal number of equity shares and allotted 6500000 equity shares in the Company.
9. RESURGERE MINES AND MINERALS LTD 52.26 % share hold by bank of newyork Mellon as depositary receipts against GDR it wills also o dilute equity. I think you remember my articles about cals refinery if not read then read it on
10. Overall I am sorry to say that I unlike RESURGERE MINES and think avoid this share. I am not authenticated to give any advice.
11. I have no any share of resurgere mines and minerals ltd.

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