Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Deccan Gold Mine : Possible Multibagger

37 sec read

Stock : Deccan Gold Mines Ltd
CMP  : Rs 38
Target :Rs 120
Potential Upside : more than 300%
 
Story:Deccan gold mine is the only listed company engaged in the gold exploration sector.Deccan gold has got close to about 10,000 square kilometer of prospective blocks in different states.India produces just 3 tonne of gold per annum as compared to 300 tonne, produced by Australia.Gold mining business is just like the oil exploration business, where there is a high degree of uncertainty involved. Nobody knows whether the amount that is being spent for the exploration process will really yield any results or will have to be written off.But these company is something which can yield windfalls of gains in the long run.Oh ya gold is presently ruling at 13000 i guess?Even if deccan gold gets no mines people would always look at it to be the proxy play.So a company which would reward you on hope and if its gets any gold mines,be rest assured this would be next multibagger then.

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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One Reply to “Deccan Gold Mine : Possible Multibagger”

  1. Dear Friends,

    Could any one reveal the fate of Deccan Gold Mines. I am holding this script with 3000 shares @ Rs. 21/share since long for the reason that some one had recommended this stock to me with confidence that it would definitely be multibagger in 2 years, but nothing seems promising up till now.

    Please advise sincerely on this script if any one can.

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