Warren Buffett Quotes

Thursday, March 4, 2010

SHIRPUR GOLD REFINERY - FOR BRAVE HEARTS

Shirpur Gold Refinery (Agee Gold Refinery BSE CODE -512289) is a hot subject among investor for a long time .Arguments are flowing for/against this company in message boards and blogs .Critics are saying that there is no justification for current high price for a company which is not yet started commercial production. Supporters are also having lot of arguments. But majority are not questioning the scope of company,its profitability ,its uniqueness ..etc, but concerned about the delay of starting the production. Most of them are also unaware that this company once started commercial production in 2001.
Shirpur gold was promoted by the Patels of Autoriders group and it it is the first and largest gold refinery in India. The prestige and dream of Autoriders group - at a cost of 300 crore plant- started commercial production in 2001 but unfortunately due to the death of its main promoter-Mr Mukesh Patel- immediately after the starting of commercial production , company could not ramp up its business. Despite several attempts by the group ,company operations derailed due to lack of working capital. After all of these unfortunate incidents ,due to non payment of loans company went into the hands of Asset Re-construction Company of India.From there Jayneer Capital Private Ltd JCPL (Zee Group) acquired the financial assets of the Company through a bid process which was awarded in their favour by ARCIL . JCPL have also acquired 40,00,000 shares of Shirpur Gold Refinery from Oriental Bank of Commerce. These transactions involved a pay back of loans worth Rs.227 crore. Jayneer transferred these loans to one of its subsidiary Kala Kosh Auctions Pvt Ltd
Now, after two years of acquisition by Zee Group, Kala Kosh is going to merge with Shirpur Gold itself. This merger will nullify a loan of massive 227 crore which is a great relief to Shirpur .If we can believe the various signals from the company ,the long waiting is going to end within few months .If investors are ready to pay such a huge premium to a company which is even not operational for almost ten years, what will be the story if there is some official announcement about the commercial production and the realization of encouraging results going forward. But this game is only for brave hearts.CMP is RS.161

11 comments :

  1. Sir,

    I am holding 1k shares of this wonderful stock @ avg price of 130 since from Oct 2009. You analysis strengthen my confident level. I would request you to tell me what level it can go and i would be glad to hear from you :).

    I am long term investor with min holding time 3 years.
    my id : mmp dot cse at gmail dot com. would love to hear from you :).

    ReplyDelete
  2. Do hold your stock.Buy/accumulate more on dips.If held long then the stock of Shirpur Gold will be goldmine and could prove another Jai corporation.I too have holding in this stock at 163 level.Thanks.

    ReplyDelete
  3. UY SHIRPUR GOLD BSE CODE 512289@200/= FOR A TARGET OF 15000.GUYS GRAB IT.IT IS ZEE GROUP COMAPNY.PRODUCTION STARTING ANYTIME NOW.

    ReplyDelete
  4. SHIRPUR GOLD:
    LATEST UPDATE:
    KIRTISCRIPSCAN.NET

    I am realistic and optimistic too I am here in stock MARKET for making money and not for promoting any company I just shared information I got It is upto the individual to believe it or not You can take example of jai corporation roumour/news way back in 2006 when it was quoting 200+ No one believed it and not a single expert made any recommendation to buy it but it went upto 25000 and even now stock is available at 262 but 1paid up and 1:1 ex bonus means still at 5000+ on a 10 paid up and before bonus Still jai corp is in doldrums but stock price you see why just because Anand jain close friend of Mukesh Ambani Friends here it is ZEE group fantasti promoter excellent credentials proven track record has taken over company a year back.He has invested billion rupees to see the company in action and make profit Yes it takes time because of several legalaties etc etc Now all these things are settled and company is about to run anytime now I have learned and I know one thing that in such stocks one should buy it when available without stop loss.Yes without stop loss otherwise you will be out and can never buy it Guy`s go for it with full faith atleast in ZEE management only Thanks ...

    ReplyDelete
  5. SHIRPUR GOLD 512289 CODE
    FOR LATEST UPDATE:
    KIRTISCRIPSCAN.NET

    Words nahi hai Thareef karne ke liye, hamara great guru sharma ji, kya bole ga Sacchi Niklega. great. great. great..

    he told only one thing. 100 shares of shirpur in comming years is equivalent to one Mercedes Benz.

    It is true. Shirpur is going to Rock.. Hold it. dont sell it. Its goldmine....

    ReplyDelete
  6. Hi Valuepick,

    Do u find this scrip worth adding to portfolio at current levels ?

    Regards,
    Vikas

    ReplyDelete
  7. KOPRAN bse code 524280@42/= is a great turnaround story of 2010.Exactly the same happend with LUPIN when it was quoting at 62/= way back in 2002 and looking at the low price I bought the stock in huge quantity.Lupin is now trades at 1900+ ex 1:1 bonus.I feel same thing is happening here with KOPRAN and looks super multibagger from hereon.In fact,it is another LUPIN in making.Good opportunity to grab such stocks and held on for super duper profits.Cheers.

    ReplyDelete
  8. SONA HI SONA...............WOW IT IS AT190 BUY AT 178

    ReplyDelete
  9. Sir,

    Shirpur Gold has run from 80 level to 116. Whats your view here. Hold or BUY

    - Deepak

    ReplyDelete

Followers

Tweet TopOfBlogs