Euro - Maybe?
If Jindal are prepared to invest $100m I expect they have done some due diligence and they have a pretty good idea what's under the ground for that $100m investment - be it Tiaro or Maryborough or maybe it's the HGL owned EPC's (Bundaberg Coal Pty Ltd) - some 9,000 sqk in Bowen, Galilee, Surat, Moreton basins??.
That's why my money is in HRS..they own 60% of Tiaro..Tiaro has floated off 25% of one of its EPC's into Maryborough...and HGL who have a 50% JV happening on their EPC's
www.indiainfoline.com/stocks/innernews.asp?storyId...
Stock News
Jindal Steel gains on overseas JV plans
India Infoline News Service / Mumbai May 04, 2009 14:23
At 14:23pm (IST), Shares of Jindal Steel and Power have gained by 2.5% to Rs1672.
Shares of Jindal Steel and Power have gained by 2.5% to Rs1672 after reports stated that the company is in advanced talks with Hudson Resources, Australia, to form a JV for exploration and mining of coking coal there.
The scrip has touched an intra-day high of Rs1714 and a low of Rs1656 and has recorded volumes of over 0.3mn shares on NSE
Euro - Maybe?If Jindal are prepared to invest $100m I expect...
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