cals is one of the mosted talked and tracked stock in the market. Some thinks this is going to be a big player in future, by 2016 , and other says its a junk(I guess short term player.)
Cals is one the path to construct 2nd largest refinery of the India.If they could do successfully it would be big sucess for them as well as for all the investors. I am quoting few msg from other boards.
SPICE GAS, a 100% subsidiary of SPICE ENERGY group is going to set-up 30 Auto LPG Dispensing Stations (ALDS) throughout Kolkata and it`s surrounding area by Oct-09-2009... I think they will sigh the final agreement with the WB gov. on coming Friday.
OLD MSG:
STRONG REASONS TO BUY
1. Setup projects for Rs. 20000 crores. After completing this it will become indias second largest refinery.
2. Current price is around Paisa 40. Same with RPL when it havent its refinery price was around Rs.200.
3. Public confused by share holding, story is , 96 % share are converted to GDR & hold by Bank of New York.
4. Among of them 75 % hold by Spice Group in form of GDR.
5. Crude oil supply contract with BP (Worlds Second petroleum Company) for ten Years.
6. Sign MOU for 1000 acres land , Already allotted 400 acres.
7. Currently trading below its face value Rs. 1....
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