If there is a conversion right for the bondholder and a buy back right for the bond issuer, then why it cannot curn concurrently. If I want to continue with the bond, I need not surrender the bonds for buy back offer and hold it till conversion. On the other hand, if I am interested to offer my bonds in buy back scheme, I can still do that. Kindly clarify your views. Thanks....

Yes I do agree with your views. It is a matter of time when we will be able to see that figure. The undertone of the scrip remains weak and the share is not able to hold at a higher level....

With good results declared by this company, it holds a bright future also for 2-3 years....

No. YOu are wrong. I too hv my demat accounts with three DPs. You can have as many demat account as you want. It is perfectly in order. If u want to check, check NSDL WEBSITE and go through the FAQ you will be satisfied....

Your strategy is correct. Buy low and sell high. By this way one can get minimum 10-15% return easily from its fluctuation....

Thanks for your views....

Of course, you can have as many demat accounts in your name as you like....

Yes, I am sitting with some cash and waiting for it to test two digit mark....

As per the suggested proposal, issuer can buy back bonds any time during 15 years life of the bond at premium of 8% per annum. At the same time, holder has a `right` of conversion at average price of share ruling during last 6 months (before issue of such bonds) after 5 years. If before 5 years the issuer does not buy back, and if after 7 years from the issue date, share price goes to 1000, the issuer will be able to raise equity from the market at 900, to buy back bonds even at 56% premium (8x7). For the holder, conversion will be advantgeous considering the share price of 1000. At this stage, whose right will supersed the other?...

Let me reply to this question for benifit of all boarders. The company has made application for RP(Reconaissance Permit), PL(Prospecting Lease) and ML(Mining Lease). The process is, over an area first you get RP, then PL and finally ML. Only after ML is sanctioned, you have to obtain other clearances and start the real mining on ground. If you see the annual report of the company, you will find that few (3 or 4) ML have been recommended by state govts. to the GOI. In all other cases, the applications are either at RP or PL stage which will takes years to reach to the mining stage. So dear boarders, forget the stock for at least 5 years....

Are you sure?? Somebody told me that one can have maximum five demat accounts.. For IPOs you can apply from one demat a/c only.....

That`s cool dear! somehow I have got the impression that it is illegal to have more than one DMAT account. Otherwise, there is no point for me to stick to ICICI. Thanks! Rgds,...

It is hovering around 70 and has a good support at that level too. I have one word in my mind and that is "Marry Go Round", it was hanging around 61-65 most of the time after listing, high of 295 and again it is @ 70 now. One can buy in small quantity right now. If index has to go 6300 level, it will touch 60 for sure, no doubt about that. RNRL & Reliance Power both r looking good at these level and at every decline....

yes.. still management is not taking care of it! Can you please suggest other options? Rgds,...