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China Armco Metals Inc. (CNAM)

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Founded in 2001, China Armco Metals, Inc., has more than 10 years' experience in the sales and distribution of metal and non-ferrous metal ore for China's growing steel manufacturing industry. Capitalizing on the growing push toward sustainable solutions in steel production, as well as existing supplier and customer relationships, we've added recycled scrap metal to our product offering, opening a state-of-the-art recycling facility in Lianyungang, China.

Shares Outstanding5:
23.5M @ 4/16/2013
Float: 15.05M @ 4/16/2013
9.15M @ .39c/s 4/16/2013
Price/Book 0.17  @ .39c/s 4/16/2013
Price/Sales (ttm): 0.08  @ .39c/s 4/16/2013



Officers and Executives

Name Age Officer Since Title
Mr. Kexuan Yao 41 2008 Chairman, President & Chief Executive Officer
Mr. Fengtao Wen 39 2008 Chief Financial Officer
Mr. William E. Thomson 68 2009 Independent Director
Mr. Jinping Chan 58 2010 Independent Director
Mr. WeiPing Shen 41 2012 Independent Director




2013-05-22  China Armco Metals signed a long-term sales contract with a state-owned Chinese building material company

2013-05-15: CHINA ARMCO METALS, INC. Files SEC form 10-Q, Quarterly Report

2013-03-29: China Armco Metals Announces Financial Results for the Fourth Quarter and Full Year of 2012

2013-03-07: Armco's cooperation with Mitsui

2013-03-07: Armco's cooperation with Baosteel

2013-03-01: Armco (Lianyungang) holds ceremony for obtaining license of "scrap steel processing and distribution center "demonstration base

2013-02-06: China Armco Updates Recycling Business on New Qualification and Orders - China Armco Metals becomes Demonstration Base for Steel Scrap Processing and Distribution in China and may receive tax benefits

2013-01-22: China Armco Metals convened annual meeting of 2012

2013-01-07: China Armco Metals Receives a Purchase Order of 60,000 Tons of Scrap Steel for 2013 from one of largest steel companies in China

2013-01-02: China Armco Metals Obtained import license of various scrap metals from PRC government

2012-12-07: INTERVIEW: China Armco Metals seeks expansion funds to meet China's growing scrap appetite

2012-11-26: China Armco Metals (CNAM) Receives 60,000 Purchase Order

2012-08-01: China Armco Metals Receives New Qualifications for Its Scrap Recycling Operation

2012-07-24: China Armco Metals Provides Updates on Trading Distribution and Metal Recycling Businesses, Confirming Orders Totaling $17.55 Million

2012-07-17: China Armco Receives New Financing Facility From Deutsche Bank, Enabling the Company to Utilize Its New Innovative Business Model



China's iron and steel scrap application industry corporate credit rating results   
Company: Armco properties (Lianyungang) Renewable Resources Ltd.
Rating: AAA

Own 29,500,000 Shares of Apollo Minerals and have offtake rights to 15% of Iron ore



The Company has so far received orders amounted to approximately 360,000 metric tons of scrap steel for the year of 2013, which accounts for 60% of the Company's annual sales goal for 2013.

"In addition, we had a very good start for 2013 compared to previous years. So far the orders we have received for 2013 are significantly more than the same period of previous years. We believe that we will have a significant increase in sales in 2013."   -CEO Kexuan Yao


China Armco Metals Receives Qualification Certifiacate For Scrap Imports 

"We have worked on the application of this certificate for 3 years and finally received the good news of approval," - CEO Kexuan Yao



INTERVIEW: China Armco Metals seeks expansion funds to meet China's growing scrap appetite
Shanghai 06 December 2012 05:55 
The NYSE Amex-listed company anticipates double-digit growth in the country's demand for the steelmaking raw material for the next two decades.
"Armco Metals plans to raise utility rates to almost double its output to 500,000 tonnes of ferrous scrap per year in 2013. It could further increase output to 1 million tpy in the second half of 2013 or 2014, given adequate scrap feed," Yao Kexuan, chairman and ceo of the Lianyungang, Jiangsu province-based scrap company, told Steel First in a recent interview.
The company will not only enhance its scrap recycling networks in China but also increase its scrap imports, to ensure production. It plans to import 250,000 tonnes of scrap in 2013, as it will officially get its import licence in January.
As China's steel reservoir grows, the supply of recyclable steel will increase. This will in turn boost demand for ferrous scrap as the Chinese government makes a push towards cutting energy use and pollution, Yao said.
"According to the government's goal of 20% ferrous scrap penetration in 2015, assuming a steel output of 880 million tonnes then, China's demand for scrap will double from 2010's 83 million tonnes to 176 million tonnes in 2015," he added.
"China's accumulated steel exceeded five billion tonnes in 2007, and has been increasing by 500 million tonnes every year after that. By 2015, China will see a significant increase in scrap supply, and as a scrap company, we should get ready for it," Yao said.
About 35-40% of steel produced in China goes to the construction sector, and it usually takes 25-30 years before these are recycled. China will soon enter its prime period for recycling construction steel.
Technological upgrades will also make industrial machinery obsolete faster, while the rapid growth in China's vehicle population means more ferrous scrap will be generated from the auto industry, Yao said.
"Annual vehicle production reached 10 million since 2009. The recycling cycle is about eight to 10 years. We have almost reached the peak of vehicle recycling," he said.
Surplus shipping capacity will also result in more ferrous scrap, he added.
"Let's not forget ferrous scrap from household appliances, which make up 30% of China's steel reservoir. We are expecting household appliances to be one of the major sources that add to the ferrous scrap supply jump," Yao said.
Equipped with advanced shredders, China Armco Metals' processing capacity is 0.8-1 million tpy, but its current utility rate is at a low 30-40% due to inadequate scrap supply.
"Tightened liquidity also holds the company back from raising utility rates because investments are required for the construction of scrap yards and facilities to house and process the scrap feed," Yao said.
To overcome this, China Armco Metals is in talks with several companies including steel mills for possible loans and prepayment for longer-term scrap contracts.
"Armco Metals has secured a 60,000-tonne sales agreement with China Metal Recycling (Holdings) Ltd for the next three months. We have developed a long-term and strategic cooperation relationship with CMR, one of the largest scrap metal recycling companies in China," Yao said.
"We are also expecting to sign an annual sales contract with Shagang Huaigang Special Steel for the supply of 150,000 tonnes of scrap, and we are in talks with Baosteel Resources over a similar pact for 300,000 tonnes of material. In addition to these, we hope to gain cash support from mills as well to facilitate the output," he added.
"In 2010, after Armco Metals listed in the USA, we bought into iron ore assets in Australia, but it didn't turn out to be a profitable move. The junior project couldn't come on stream as planned due to a cost surge and tumbling iron ore prices," Yao said.
Armco Metals bought a 19.9% stake in Australian Apollo Minerals in June 2010 for A$4.3 million ($4.5 million), and signed an offtake agreement for 15% of the iron ore produced. The shipment for its first ore had been planned for 2013 but it has since been delayed.

Investor Relations

US Representative
Christina Xiong
China Armco Metals, Inc.
Office: 650.212.7620
Email: christina@armcometals.com
Website: www.armcometals.com

Corporate US Address
One Waters Park Drive, Suite 98
San Mateo, California 94403     
Tel: (650) 212-7620
Fax: (650) 212-7630
Email: info@armcogroup.com.cn

China Representative 
Ripple Zhang
Email: ripple.zhang@armcometals.com
Investor Relationship 
Email: ir@armcometawise.com


This IBOX was created by FulcrumGavel The current date is 3/27/2013, the stock closed at $.39, and I believe that it will go significantly higher between .60 2.00 in 2013. Disclosure, I own CNAM.

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#758   Agree. The larger & more intrusive the government CPTMatt 09/28/18 03:57:11 PM
#757   Matt, thanks for the book recommendation. Yes, value1008 09/28/18 03:45:07 PM
#756   OT - You may find this book interesting CPTMatt 09/28/18 02:47:00 PM
#755   Looks like I was early to the party, fulcrumgavel 10/20/13 02:32:56 PM
#754   it looks to be a beat, what payup1 08/14/13 08:18:00 PM
#753   Faruqi & Faruqi, LLP Launches An Investigation Against zxtoolshed 06/06/13 08:58:21 AM
#752   Great entry point..Big profits are coming with the vegasvic 05/22/13 10:12:56 AM
#751   big activity today.. things are heating up fulcrumgavel 05/22/13 09:49:27 AM
#750   CNAM - Interesting, they are holding their Stockholders realfast95 05/13/13 09:46:29 AM
#749   earnings report on the 20th. fulcrumgavel 05/10/13 08:05:51 AM
#748   http://www.armcometals.com/cn/includes/upload/files/Armco%20Commodity%20%20Finan fulcrumgavel 04/24/13 09:53:17 AM
#747   GREAT EARNINGS!! fulcrumgavel 03/31/13 07:56:02 PM
#746   Updated the Ibox.. also two more trading days fulcrumgavel 03/27/13 02:08:17 AM
#745   Year 2012 China's iron and steel scrap application fulcrumgavel 03/24/13 05:21:32 PM
#744   /60 well.. you can imagine that if they fulcrumgavel 03/21/13 06:29:40 PM
#743   0.60? mystocks24hours 03/21/13 06:19:01 PM
#742   Chart looking good.. if it pulls back buy some fulcrumgavel 03/21/13 08:35:23 AM
#741   keep it on the radar.. company is legit, fulcrumgavel 03/16/13 03:49:46 PM
#740   Knight Capital is buying CNAM!!!! fulcrumgavel 03/15/13 12:46:59 PM
#739   http://s23.postimage.org/gehzcxwxl/history_repeats.png check it out, cnam is fulcrumgavel 03/15/13 09:42:23 AM
#738   excellent time to buy here, it always holds fulcrumgavel 03/14/13 09:53:28 AM
#737   Watch this one, it has '5 bagger' potential fulcrumgavel 03/10/13 10:48:17 PM
#736   60% of last years sales have already come makethegame 02/07/13 01:53:50 AM
#735   China Armco Metals stock will begin soaring now. CAVR 10/06/12 09:52:59 AM
#734   looks like it could go either way, not The Night Stalker 04/23/12 04:03:51 PM
#733   the CCI is at 47 right now, looks The Night Stalker 04/22/12 12:29:14 PM
#732   its at about breakout zone the CCI always The Night Stalker 04/22/12 12:26:25 PM
#731   key break .76 sends it. major resistance in The Night Stalker 04/22/12 12:18:17 PM
#730   CNAM CHART 0.7400 I Like Bottom Fishing 04/22/12 11:15:54 AM
#729   Im in on the technicals..... otcbloodhound 04/11/12 01:56:27 PM
#728   Any ideas what's moving this stock? nuketheshorts 04/11/12 11:48:59 AM
#727   Looking for a break of .86 tomorrow. otcbloodhound 04/10/12 09:49:58 PM
#726   CNAM looking good, currently at $0.48. J_Trader 01/18/12 09:33:35 PM
#725   CNAM pulled back the last couple of days. J_Trader 01/11/12 10:03:34 AM
#724   CNAM broke thru resistance at 0.43. Volume starting J_Trader 01/09/12 09:57:33 AM
#723   CNAM @ .39 $King 11/15/11 10:08:14 AM
#722   522 on the CCI...............thats high! antman 11/15/11 06:21:36 AM
#721   Bargain at .71......LMAO, not with this chart......CCI went MadHatter326 11/14/11 11:43:24 PM
#720   Company way undervalued! A bargain at .71 hardknox 11/14/11 06:46:17 PM
#719   I was watching this in the morning @ Turkish_Master 11/14/11 04:31:38 PM
#718   CNAM @ .68 $King 11/14/11 02:21:53 PM
#717   These guys are the best Metal Recycling company KOkre 10/26/11 11:33:52 PM
#716   Thanks for the quick reply. I think everyone dave79 09/29/11 10:28:08 AM
#715   This is a china stock and they are castboy 09/29/11 10:22:22 AM
#714   Castboy- Any idea what's going on here? Everday dave79 09/29/11 10:10:45 AM
#713   When is this stock going to bounce? It dave79 09/21/11 09:38:19 AM
#712   New 52 Week Low $1.o5. RagingBull1 08/08/11 03:02:04 PM
#711   BIg steel selloff via CNBC on tv. 12:55pm stocktrader80 08/03/11 12:56:29 PM
#710   Prob seems to be the avail shares to stocktrader80 08/01/11 10:11:57 AM
#709   Dude I need it to be.I bought 2000 castboy 07/29/11 07:41:55 PM