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Topic: OMDC

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chimak10
Senior Member

Joined: 30/Aug/2007
Location: India
Online Status: Offline
Posts: 1540

Topic: OMDC
Posted: 03/Oct/2010 at 8:59am

Here you go market maniac bhai.

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ekveer
Newbie
Newbie

Joined: 06/Sep/2007
Online Status: Offline
Posts: 3

Posted: 07/Oct/2010 at 2:13am

This stock is facing resistance at its previous highs.

Thanks
EkVeer

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Market Maniac
Senior Member

Joined: 22/May/2010
Online Status: Offline
Posts: 245

Posted: 06/Feb/2011 at 1:29am

Co. is a PSU.

CMP = 47,500/-
MCap. = 2850Cr.

Co. holds 206MT of Iron Ore Reserves & 44MT of Manganese Ore Reserves in 6 mines in Orissa.

The Mining Plans of all 6 mines have been passed by IBM and the leases have been renewed by the govt.

FY12 Production target of Iron Ore = 2MT.

FY15 Production target of Iron Ore = 10MT.

FY15 Production target of Manganese Ore = 1MT.

Now,

NMDC MCap = 1.05L Cr.

Iron Ore Reserves = 980MT

MOIL MCap = 7000Cr.

Manganese Reserves = 29MT.

Edited by Market Maniac - 06/Feb/2011 at 1:30am

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amitv
Groupie
Groupie

Joined: 01/Oct/2008
Online Status: Offline
Posts: 64

Posted: 06/Feb/2011 at 3:32am

Originally posted by Market Maniac

The Mining Plans of all 6 mines have been passed by IBM and the leases have been renewed by the govt.

Any source for this information?

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barla
Senior Member

Joined: 15/Sep/2008
Location: India
Online Status: Offline
Posts: 779

Posted: 06/Feb/2011 at 10:37am

Comparing to MOIL and NMDC market cap of OMDC should be around 20000 crores about 7 times present market cap

Originally posted by Market Maniac

Co. is a PSU.

CMP = 47,500/-
MCap. = 2850Cr.

Co. holds 206MT of Iron Ore Reserves & 44MT of Manganese Ore Reserves in 6 mines in Orissa.

The Mining Plans of all 6 mines have been passed by IBM and the leases have been renewed by the govt.

FY12 Production target of Iron Ore = 2MT.

FY15 Production target of Iron Ore = 10MT.

FY15 Production target of Manganese Ore = 1MT.

Now,

NMDC MCap = 1.05L Cr.

Iron Ore Reserves = 980MT

MOIL MCap = 7000Cr.

Manganese Reserves = 29MT.

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barla
Senior Member

Joined: 15/Sep/2008
Location: India
Online Status: Offline
Posts: 779

Posted: 06/Feb/2011 at 10:38am

Apparently 3 or 4 of the mining leases have expired and they are not being renewed.

Originally posted by amitv

Originally posted by Market Maniac

The Mining Plans of all 6 mines have been passed by IBM and the leases have been renewed by the govt.

Any source for this information?

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amitv
Groupie
Groupie

Joined: 01/Oct/2008
Online Status: Offline
Posts: 64

Posted: 06/Feb/2011 at 11:33am

Originally posted by barla

Apparently 3 or 4 of the mining leases have expired and they are not being renewed.

Originally posted by amitv

Originally posted by Market Maniac

The Mining Plans of all 6 mines have been passed by IBM and the leases have been renewed by the govt.

Any source for this information?

I think so too. Hence asked Market Maniac if there is a source for his comments.

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barla
Senior Member

Joined: 15/Sep/2008
Location: India
Online Status: Offline
Posts: 779

Posted: 06/Feb/2011 at 11:47am

OMDC is not compiant wiht the minimum share capital requireemnts of both BSE and NSE.

Any news on the bonus issues that are going to come. They need to issue bonus shares in the ration of 1 is to 10 to be NSE regulation compliant.

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