Remi Metals Gujarat

Remi Metals now at 26.65. Insider rumours is that Welspun Gujarat is going to acquire it. The news is still not officially out and you can see more than 100% appreciation in 4 weeks. Once news is out, scrip can touch 50-60 levels.

So, do take a look into this diamond.

Happy investing,
Hitesh

[Do check out my other mails on "Remi metals" in "Diamonds in Rough" thread. Am starting this thread just to keep everyone informed about the progress in this scrip.]

tx man.....................................

Following posted on sptulsian site.

Nov 23, 2007 10:39 am
"Remi Metals is likely to be taken over by Welspun Gujarat. Keep a watch."

Iam Afraid For Gujrath Scripts Very Dengerous

Well just bought 25 .. will get some more on Monday.. lets wait and see what happens..

I hav remi metals 200 @15.7 . what is the ST target of this scrip. Can i accumulate more at this price.

Currently, Remi is out of circuit and in fact, today after a long time, it went down by 4.5%. And, still its take-over news are not officially out. So, looking from this point of view, you can accumulate it for now as once it becomes circuit-bound, then it wont be easy to get in.
On personal note, I too am slowly accumulating the scrip - bought yesterday at 24.6 levels, for a short term target of around 50.
But remember, this is high risk/high return scrip. So, depending on your risk appetite, you must make a call.

Hope this helps.
- Hitesh