Wednesday, July 23, 2014

Resurgere Mines and Minerals Ltd: Shareholding Pattern of June, 2014 quarter
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We can clearly see, from the shareholding pattern of the company, that holdings of the promoters (and other large entities) have more or less remained same during the last two quarters. This puts to rest, the controversy spread by vested interest group/s that the promoters have allegedly sold their holdings. If the company starts mining in its BAUXITE mines in Maharashtra, then the scrip could even cross its book value. 

Moreover, this event is in stark contrast to its peer group company, SVC Resources Ltd, whose promoter holding has steadily decreased during the last few quarters; but surprisingly, the Re.1, Face Value share is still at Rs.2.59 (Rs.25.9, if we consider Rs.10, as Face Value) as compared to Rs.2.16 (Face Value: Rs.10 and not Re.1) of Resurgere Mines and Minerals Ltd. 

A notorious group is very active on the counter, because they probably want to purchase the shares of the company, much below the CMP of Rs.2.16 (BSE rate). Hence, they are trying all the mischief, at their disposal to pull the share of Resurgere Mines and Minerals Ltd down. 

But then, it is only the fools who think that they can control the markets, all the time and everytime. 
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