Deccan Gold Mines

jnj333 · #61 17th January 2008, 02:01 PM

Back to UC.

sudoku1 · #62 17th January 2008, 04:54 PM

Quote:

Originally Posted by sudoku1

DEECCAN GOLD MINES...
B very very carefull instocks which do not allow one to enter , for , when the tide turns....the vice versa also happens
todays close..117.65

technically , the scrip gave a thundering buy on 7/9/07 @ 15.80 close.
on a med to long term basis , its a HOLD....only a close below 40 will alter the bullish outlook..

2DAYS LOSE...104
STOPLOSS UPGRADED TO 53.50

nansrired · #63 17th January 2008, 10:12 PM

I Think it's hard to understand the markets. Till around 1:30 PM this was trading at LC with volumes of around 30,000. But suddenly one see its in UC with volumes 12,23,701.
Just wondering what goes on behind the scenes in stock market

naveendugar · #64 24th January 2008, 11:58 PM

Hi Jnj,

where are you? this stock seems to be heading only one way...i.e. down...it doesn't seems to be heading anywhere near the targets mentioned by you.

please provide your valuable feedback on this stock...

naveen

jnj333 · #65 25th January 2008, 10:09 AM

Very Very speculative right now, attribute only 3-5% of your total capital in this one for a period of 3 years buying in small quantities on every LC. Could be worth gold or junk, both scenario possible, only for high risk investors. Take your call.

jnj333 · #66 3rd March 2008, 08:15 PM

Good price to buy below 50 for a period of 3 years.

nansrired · #67 12th August 2008, 02:37 PM

Deccan Gold Mines Ltd has informed that the Company has concluded a Memorandum of Understanding (MoU) with JB Mining Holdings Ltd, Hongkong (JB).

DGML, announces the signing of a Memorandum of Understanding (MoU) with JB whereby DGML shall carry out the entire gold exploration, resource estimation and planning for feasibility studies to facilitate mining activities for Projects held by JB in the Republic of Djibouti, North East Africa.

The salient features of the MoU are as under;

a) JB has entered Into a Joint Venture (JV) with the Government of Republic of Djibouti to undertake gold exploration activities in certain mineral prospects in Djibouti.

b) The mineral prospects proposed to be explored are the blocks of Hesdaba, Asaleyta, Garrabayis and V.GPS41 respectively The area covered by each one of these 4 prospect blocks is 100 sq., kms

c) The exploration strategy for the aforesaid gold prospects would include remote sensing studies, geological mapping, systematic channel sampling followed by planning of boreholes and core drilling, core logging and analysis of cores and fire assay for gold and silver.

d) JB has appointed DGML as the Project Manager to carry out the entire exploration work and ascertain feasibility of the Projects to commence commercial production.

e) JB proposes to execute the Projects through an SPV (JV Co.,) to be incorporated in an off shore jurisdiction. The JV Co., shall be primarily responsible for execution of the Projects in Djibouti.

f) DGML shall be entitled to a Professional Fee, equivalent to 10% of the total operational & management cost of the Project over and above getting reimbursed for all its direct and indirect costs in under-taking its role as Project Manager.

g) Further, DGML would get free carried equity in the JV Co equivalent to 5% of JBs equity stake in the iv. Further, DGML has the right to take up an additional equity stake in the JV Co., equivalent to 20% of is stake in the JV at a 50% discount to the Market Value of the Project. DGML plans to exercise this right should exploration activities result in the successful discovery of mineable deposits.