GUJ gujarat nre resources nl

A weak day in the market. I think the next meaningful catalyst...

  1. 126 Posts.
    A weak day in the market. I think the next meaningful catalyst is when GUJ finalises the purchase of the Eloura mine. Outlook for coking coal continues to improve which will be a growing positive for GUJ. Main Broker for the stock is changing the analyst which covers the stock, so they have been a bit quiet in terms of research (which should pick up again near term). Finally, investors a bit shy of topping up as management selling has knee-capped us all in the past. If they keep their nose clean, this stock has to re-rate as fundamentally it's trading at < half value, warts and all.

    Keep the faith (at least in the short term)
 
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Currently unlisted public company.

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