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Author Topic: Madhucon Projects - Updates  (Read 366 times)
Lavanay
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« on: January 19, 2008, 08:02:51 PM »
As per survey report its mine reserves are likely to be around 250 million tonnes. The company has commenced extraction of coal from the first mine on a minimal scale and is expected to scale up from
FY09 onwards. Based on the current estimates of coal reserves and scaling up of excavation, there shall be good value unlocking for the company. Informed sources have arrived at a value of above Rs.400 per share. There is likely placement of shares to some QIP. Stay invested for better targets for the
remaining quantity.
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Lavanay
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« Reply #1 on: January 27, 2008, 02:04:13 AM »
New developments are said to be taking place. Stay invested for better targets.
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