Sandur Manganese

I think we should not bring emotions in investing.

There is young and new management of sandur- so, previous track record is immaterial.

this is a discussion forum, and I have full rights to ask questions.
If you don’t have an answer, typing a very long paragraph will not help.

Value of 1% stake acquired by management at Rs. 10 = 40 crores.
Amount raised by rights issue = 18 crore.

Basically, the company got 18 crores cash, while the management got shares worth 40 crores at throwaway prices.
(1% of 4000 crores is 40 crores)

Also, the 18 crores raised from rights issue was very small amount vs total annual profits and there was no real reason to do rights issue.

And, still you want to believe management is honest?
I rest my case