Member Info for gotnorolex

Buybacks only benefit staff bonuses. Prefer tangible scrip issues!

Lower quality immigrant labourers equates to low quality housing stock? Take a trip to Dubai!

Je l'espère! Uncle

Have "Great Expectations" for tomorrow!

Don't That Beat All!

With Global oil demand growing @ 1 mbpd every year and old refineries closing down in the West. This will ensure continuing strong refining margins for Essar Oil.

WASHINGTON: A group of creditors of Essar Group-owned coal company, Trinity Coal, have approached a US bankruptcy court seeking appointment of a Chapter 11 trustee arguing that they have lost faith in the ability of its owners to turnaround the company. The involuntary bankruptcy case against Trinity Coal, which was acquired by the Essar group in 2010 for $600 million, was filed in a US Bankruptcy Court in Lexington, Kentucky last week, as per the publicly available documents seen by PTI. "Trinity's current management has failed to negotiate with Trinity's creditors," Credit Agricole said in its court papers as it sought the appointment of a Chapter 11 trustee. In the court papers, the creditors claimed that Trinity Coal Corp owes them USD104 million. http://economictimes.indiatimes.com/news/international-business/involuntary-bankruptcy-case-against-trinity-coal-filed/articleshow/18707847.cms

Did just that with a top-up!

Sensex lower after recent gains with power and energy sectors under pressure!

Excellent analysis! I re-posted it verbatim on iii .....Thank you!

That's called Backwardation!