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could you really have shorted this at $6? i would've too, but IB didn't have any borrows at open.
Thanks, Sam... covered at 1.55 from $6... what a bounce after! I still would be wary, that guy is a true crook, so I have a hard time seeing how the story ends well... why should he buy at $12 when he can load his boat at $2... or $4 or whatever??
Best,
Wow!!! nice bounce so far... from 1.70s nibble~ wish i loaded the boat then... Double already. damn!
Buyout is for $12. This could run all day.
nice profits bud... still watching PUDA though~
Love that PUDA!!! Made a mint on my short... You cheerleaders ( not Sam) on the board are welcome to look for a bounce, I am satisfied and out. A bit of advice... do not chase a falling knife or a proven crook.
Luck
Recent Schedule 13D filed on PUDA
SC 13D 1 ss117734_sc13d.htm SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
PUDA COAL, INC.
(Name of Issuer)
Common Stock, Par Value $0.001 Per Share
(Title of Class of Securities)
744674 300
(CUSIP Number)
Ming Zhao
Yao Zhao
426 Xuefu Street,
Taiyuan, Shanxi Province 030006,
People’s Republic of China
Telephone: (86-351) 228-1302
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Ling Huang, Esq.
Shearman & Sterling LLP
12th Floor East Tower, Twin Towers
B-12 Jianguomenwai Dajie
Beijing 100022, People’s Republic of China
Telephone: (86-10) 5922-8000
April 25, 2011
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box . x
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 744674 300
Page 2 of 6 Pages
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ming Zhao
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) o
3
SEC USE ONLY
4
SOURCE OF FUNDS (See Instructions)
PF, OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
People’s Republic of China
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
7,594,290
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
7,594,290
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,594,290
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.3%
14
TYPE OF REPORTING PERSON (See Instructions)
IN
SCHEDULE 13D
CUSIP No. 744674 300
Page 3 of 6 Pages
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Yao Zhao
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) o
3
SEC USE ONLY
4
SOURCE OF FUNDS (See Instructions)
PF, OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
People’s Republic of China
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
1,902,430
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
1,902,430
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,902,430
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
14
TYPE OF REPORTING PERSON (See Instructions)
IN
Explanatory Note: This statement on Schedule 13D is filed jointly on behalf of Ming Zhao and Yao Zhao (each a “Reporting Person” and together, the “Reporting Persons”). The Reporting Persons are participants in the Proposed Acquisition defined and discussed in Item 4 below.
As a result of the matters described in Item 4 below, the Reporting Persons may be deemed to constitute a “group” within the meaning of Section 13(d)-5(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a member of a group, each Reporting Person may be deemed to beneficially own any common stock, par value $0.001 per share of Puda Coal, Inc. (the “Issuer”) that may be beneficially owned by the members of the group as a whole. This Schedule 13D will be amended, or one or more additional statements on Schedule 13D will be filed, as necessary and appropriate.
Item 1.
Security and Issuer.
The class of equity securities to which this statement on Schedule 13D relates is the common stock (the “Shares”) of the Issuer, a Delaware company with its principal executive offices located at 426 Xuefu Street, Taiyuan, Shanxi Province 030006, People’s Republic of China.
Item 2.
Identity and Background.
a.
Each of the Reporting Persons is a natural person. This Schedule 13D is being filed jointly on behalf of the Reporting Persons. A joint Filing Agreement between the Reporting Persons is attached hereto as Exhibit A.
b.
The address of residence of Ming Zhao is No. 4-5, 189, Qinxian North Street, Xiaodian District, Taiyuan, Shanxi Province, People’s Republic of China, and the address of residence of Yao Zhao is Family Compound, No.6 Shijiagou South Road, Liulin Town, Liulin County, Shanxi Province, People’s Republic of China.
c.
Ming Zhao is the Chairman of the Board of the Issuer. Yao Zhao serves as an executive officer, and currently is a 75% owner of Shanxi Liulin Jucai Coal Industry Co., Limited, a coal mining company organized in the People’s Republic of China. Yao Zhao is the brother of Ming Zhao.
d.
During the last five years, none of the Reporting Person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
e.
During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
f.
Each of the Reporting Persons is a citizen of the People’s Republic of China.
Item 3.
Source and Amount of Funds or Other Consideration.
The shares owned by the Reporting Persons were acquired prior to the listing of the Issuer’s Shares on the NYSE Amex exchange.
With respect to the Proposed Acquisition defined and described in Item 4 of this statement, the source of the funds to be used in the Proposed Acquisition is a combination of existing cash on hand of the Reporting Persons and external financing sources, which may include debt and/or equity financing. No agreements, arrangements or understandings with respect to any such external financing are currently in place.
Item 4.
Purpose of Transaction.
This statement relates to the potential acquisition of additional Shares by the Reporting Persons. On April 25, 2011, Ming Zhao submitted a non-binding proposal letter to the Board (the “Proposal Letter”) describing his wish to acquire 100% of the outstanding Shares of the Issuer in a going private transaction (the “Proposed Acquisition”) on the terms and conditions set forth in the Proposal Letter. It is currently anticipated that Yao Zhao will also be a participant in the Proposed Acquisition.
In the Proposal Letter, Ming Zhao, among other things, (i) proposed to acquire the Shares of the Issuer held by public stockholders (other than those held by himself and his Affiliates) for up to $12 per Share in cash, which would represent a premium of up to 100% to the most recent trading price of the Company Stock; (ii) reported to the Board that he intends to form an acquisition vehicle for the purpose of pursuing the Proposed Acquisition; (iii) expressed his intention to finance the Proposed Acquisition with a combination of existing cash on hand and external financing sources, which may include debt and/or equity financing; and (iv) indicated that upon the Board’s approval, he is prepared to negotiate and finalize definitive agreements in connection with the Proposed Acquisition and related transactions in an expeditious manner.
The Proposal Letter provides that no binding obligation on the part of the Issuer or the Reporting Persons shall arise with respect to the Proposed Acquisition unless and until definitive agreements have been executed.
If the Proposed Acquisition is consummated as proposed, the Shares of the Issuer will be deregistered under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association.
Neither Ming Zhao nor Yao Zhao is, by this statement, soliciting tenders of Shares, nor will any such tenders be accepted, nor is any Reporting Person soliciting any proxies regarding the voting of Shares on any matter.
References to the Proposal Letter in this statement are qualified in their entirety by reference to the Proposal Letter itself, which is attached hereto as Exhibit B and incorporated by reference as if set forth in its entirety.
Except as set forth in this statement, the Reporting Persons have no plans or proposals that relate to or would result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D. The Reporting Persons may at any time review or reconsider their position with respect to the Issuer and formulate plans or proposals with respect to any such matters, and may at any time increase or decrease their ownership of common stock of the Issuer.
Item 5.
Interest in Securities of the Issuer.
a.
As of this date of this filing, Ming Zhao may be deemed to be the beneficial owner of 7,594,290 shares of common stock of the Issuer. Based upon
information contained in the most recent available filing by the Issuer with the SEC, such shares constitute approximately 25.3% of the issued and outstanding Shares. As of this date of this filing, Yao Zhao may be deemed to be the beneficial owner of 1,902,430 shares of common stock of the Issuer. Based upon information contained in the most recent available filing by the Issuer with the SEC, such shares constitute approximately 6.3% of the issued and outstanding Shares
b.
Ming Zhao owns 7,594,290 shares of common stock of the Issuer, over which he has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition. Yao Zhao owns 1,902,430 shares of common stock of the Issuer, over which he has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition.
c.
None of the Reporting Persons has effected any transactions in the Shares during the past sixty (60) days.
d.
Not applicable.
e.
Not applicable.
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Item 4 of this statement is incorporated herein by reference.
Item 7.
Materials to be Filed as Exhibits.
Exhibit
Description
A.
Joint Filing Agreement between Ming Zhao and Yao Zhao
B.
Proposal Letter from Ming Zhao to the Board of the Issuer on April 25, 2011
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: April 29, 2011
By: /s/ Ming Zhao
Name: Ming Zhao
By: /s/ Yao Zhao
Name: Yao Zhao
PUDA how old is this info?
Share Data
Shares Outstanding: 15.3M
Float: 5.8M
Yep. you know finding a bottom is not an event... i;'m usually ready to by in 3stages or more... The more cash on hand the better potential for a huge profit in bounce (liquid) plays...
GL bud
much smaller float on this then LGFT@ but who knows would love to see it tank isnt float like 6mm
Just be very careful about calling the bottom - it took Longtop about 3 hours to find it.
In case missing just planned to put 20 cents right after it opens.
yes - let's hope for a day like LGFTY had yesterday
Yup! hoping for another bounce opp. like we saw in LGFT* yesterday???
let's see what you got PUDA!!!
Let's get PUDA going.
Will PUDA be another LGFTY?
Possible runner?
Looking for an interesting day today.
Daily List shows the symbol remaining PUDA.
gm anyone know what the symbol is gonna be thanx
Forget twitter and go right to the source.
PUDA was listed on the OTCBB "daily list" as opening tomorrow on the pinks. Should be very interesting.
Sam (@samdmil) has shared a Tweet with you:
"InvestorsLive: $LGFTY (ex $LFT) was fun today, time for another one tomorrow. Long halted China stock $PUDA to reopen on pink sheets tomorrow."
--
$LGFTY (ex $LFT) was fun today, time for another one tomorrow. Long halted China stock $PUDA to reopen on pink sheets tomorrow.
— TradeHawk (@TradeHawk) August 17, 2011
Jeez, it has been a LONG time since this steaming pile was halted... I wonder when it will open for trading again? How long can a stock be held in limbo?
I guess the crooked clown is having second thoughts about a $24/share (or even $12/share) buyout when there are no assets left...
And he will probably be executed by the Chinese authorities soon anyway (I wish we would do that to Blankfein and Dimon here)... so, aside from a plot in an abandoned coal slurry for his final resting place, what does HE care about money?
Many eyes are watching this. Interesting days ahead!
from what I can gather after submitting plan for compliance with NYSE listing standards, its not a matter of if but when. Once PUDA regains compliance, the question appears to be what is PUDA really worth?
respond back all you like and will not be back to this board until something happens one way or another with the stock and its proceedings life or death. Just an intrigued spectator
Buyout likely?
Come on!! The whole buyout thing was part of the scam... these guys are CROOKS, don't you get that?
A short squeeze? Bah! Why do you think this lemon was halted? Info came to light that the owners were running a total ripoff scam... and you think $25/share?
The only chance to get any money back out of this crooked deal is to hope for $.10 on the dollar through a class action.
3 months since you posted this. been following this story since it hit in what early april. judging by the length of time taken thus far, in my opinion, buyout looks likely or will the exchange allow for it to continue to trade and let all positions long and short + options settle. I have read that if PUDA were allowed to trade, shorts would be squeezed to prices around $17-25 range.
there are how many people here on ihub and yet no one has any inkling as to how this will play out. i find that a little bit odd.
is there validity to this $12 buyout??
is it likely??
there seems to be so much speculation here as to what can or will likely happen that I was wondering who might be so knowledgeable as to reply with a somewhat intelligent response based on regulation procedures or past experiences with halts or things of this nature.
thanks, i am all ears, this is a very intriguing situation to say the least
how are things looking over here?
1. chance of buyout? (%)
2. chance of delisting (%)
3. chance of trading on AMEX? (%)
4. chance of trading on pinks (%)
5. chance of trading ever again (%)
6. chance of major short squeeze if trading resumes on AMEX? (%)
7. chance of US investment in CHINESE companies less than 10%
will be so interesting to see how this HALT plays out. Still think there is a lot riding on this and what has taken place.
when should the trading world expect news on the issue at hand?
There is no issue of "saving face" involved here..
PUDA is a small nit to China. I doubt the Chinese government cares one way or the other about how PUDA treats U.S. investors.
My own thinking is that the smoke and mirrors will continue for a while, but there will not be a real buyout. When it comes to actually PAYING CASH to investors outside the country, the Chinese management of PUDA will find ways not to do so.
If their intentions were good and the issue of stating exactly what PUDA still owns easily resolved we would have heard all that by now.
I believe that if the markets were allowed to trade PUDA it would trade way down as they discounted the likelihood of a real buyout proposal being put forward, the likelihood of one ever being financed, the delay required to complete it even if real and financed, and the fact that we STILL don't know exactly what PUDA owns. Couple that with a management that has proven they have little regard for the concepts of any sort of public ownership and corporate governance (let alone US investors) and you have a recipe for a penny stock.
Other than that PUDA is just peachy.
what are the realistic chances of a buyout or anything positive from this situation since now no US investor is going to touch a china stock for quite sometime if this turns out even uglier like moving to pinks or never trading again.
is CHINA's reputation even more substantially on the line after this situation? Must the PUDA situation be resolved so that China can attempt to keep face?
just wanted to hear others thoughts as I have been following this situation since the PPS went from $16 to $5 in about one month
Hard to say. I am somewhat surprised that PUDA has gone this long without being delisted.
Delisting Notice
chances that PUDA gets delisted?
addendum
then it looks like we will know where PUDA stands pretty soon on the buyout offer and much more via their actions in dealing with this notice, and listing requirements and deadlines.
if PUDA files all the necessary documentation and updates the NYSE in an timely matter, this buyout may be serious. IF PUDA fails to meet these requirements, the non-action will speak loudly enough
I would not count your chickens just yet.
It is very easy to make an "offer" for shares that aren't trading right now. That is different from financing such an offer or actually going through with it.
We'll see if the offer truly materializes. My guess is that if PUDA were trading, and whatever pent-up demand to simply get out (either way) was past, it would be trading somewhere under 10. I would assume it would be discounted to the "offer" price at least as much, on a percentage basis, as HRBN is right now. As a point of reference, HRBN at 17.50 is trading at more than a 25% discount to the "offer" price of 24. The HRBN offer is not firm yet either, but there is far more structure to it than there is for the PUDA "offer" so far.
We also just don't know if PUDA shares really still represent a claim on all the assets we thought they did before the halt. Many of those assets appear to have been sold out from under PUDA shareholders.
I would think PUDA longs would need to be watching what is going on with YHOO and its stake in Alibaba very very closely. YHOO is so widely held, and the subject of such extensive institutional scrutiny, that we will get a clear read on the story there. If Jack Ma has transferred the Alibaba stake to another entity, YHOO will lose billions in market cap and PUDA will have no future at all. If a Chinese exec is able to do that with YHOO, you have to believe that they can and would have done so with PUDA, and in that case PUDA shares will be in even deeper dog doo-doo than they are now.
its not going to feel too good for the shorts
LONGS are going to force the BID up to $16-$18 easily if this in fact opens at $12
lot of people bought in from $10-$6 so they are IN THE MONEY just bc of the $12/share offering to go private
going to be one gd hell of a show
No doubt, this is going to hurt everyone when it comes out for trading, if it does! IMO
12 dol/share buyout offer some people are going to suffer when this reopens
TAIYUAN, SHANXI PROVINCE , China , April 29, 2011 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (NYSE AMEX: PUDA) (" Puda Coal " or the "Company) today announced that it received a preliminary non-binding proposal from its Chairman, Mr. Ming Zhao to acquire 100% of the outstanding shares of common stock of the Company in a going private transaction at up to $12 per share in cash. Mr. Zhao proposed to finance the proposed acquisition with a combination of existing cash on hand and external financing sources. A copy of Mr. Zhao's proposal is attached to this press release.
In response to the receipt of the proposal, the Company's Audit Committee composed solely of independent directors will review and evaluate the proposal and, if appropriate, negotiate its terms, and take any other action in connection therewith. The Audit Committee has requested detailed information and documentation from Mr. Zhao relating to the proposal, including information pertaining to matters that are subject to the Audit Committee's previously reported on-going investigation, necessary for the Audit Committee to evaluate the proposal and provide a recommendation to shareholders.
How much will this hurt when it opens...(?)
...& the length of time ? ugh
The following statement was issued today by the law firm of Barroway Topaz Kessler Meltzer & Check, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York on behalf of purchasers of the securities of Puda Coal, Inc. (AMEX: PUDA) ("Puda" or the "Company"), who purchased or otherwise acquired Puda securities between November 13, 2009 and April 11, 2011, inclusive (the "Class Period"), including purchasers of the Company's securities who acquired their securities pursuant or traceable to the Company's equity offering (the "Offering") on or about December 8, 2010. If you are a member of this class, you can view a copy of the Complaint or join this class action online at http://www.btkmc.com/cases/puda/.
Members of the class may, not later than June 13, 2011, move the Court to serve as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Barroway Topaz Kessler Meltzer & Check, LLP (Darren J. Check, Esq. or David M. Promisloff, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@btkmc.com. For additional information about this lawsuit, or to join the class action online, please visit http://www.btkmc.com/cases/puda/.
Astute, aintcha!!
Check out V H C......seems they have 4G companies by the _allsacks
I sold PUDA a couple of weeks ago so I escaped this one.
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Corporate Headquarters in Taiyuan City, Shanxi Province
Puda Coal, Inc., through its operating subsidiary, Shanxi Puda Coal Group Co., Ltd., specializes in providing premium grade cleaned coking coal to the steel manufacturing industry for the use in making coke in China. Headquartered in Taiyuan City in the Shanxi Province, the Company currently has three coal washing facilities with annual coal washing capacity of 3.5 million metric tons. Shanxi Province provides 20-25% of China's coal output and supplies nearly 50% of China's coke.
There are two coal cleaning processes predominate in the industry: dense medium (DM) separation and JIG washing. Currently, 56% of the raw coal washed in China is processed by JIG washers, 26% by DM separation, 14% by froth flotation and 4% by other processes.
Puda Coal utilizes JIG washing, which is widely perceived to be a simpler and lower-cost option than DM separation. JIG washing is a water-based process that relies on the pulsation of water through the particle bed to stratify particles of different density. However, JIG washing requires consistent water supply which restricted its usage in China. Puda Coal's cleaned coal is of a higher quality than its peers, containing less than 0.6% sulfur compared to 0.8% - 1.0% sulfur for other cleaned coked coal on the market.
Puda Coal sells its cleaned coal through a direct sales force that markets directly to its customers. Puda Coal's primary customers are coking companies that supply steel mills and steel mills with their own coking facilities. Primary geographic markets include:Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, all of which are accessible by rail lines, which is the most cost effective method for coal transport.
Share Data
Shares Outstanding: 15.3M
Float: 5.8M
Recent Corporate News
Puda Coal Signs Coal Mining Right and Mining Assets Transfer Agreements with Two Coal Mines (December 18, 2009)
Puda Coal Closes Jianhe Coal Mine Acquisition (December 7, 2009)
Puda Coal Provides Update on Shanxi Province Coal Mine Consolidation (November 12, 2009)
Puda Coal to Begin Trading on NYSE Amex on September 22, 2009 (September 18, 2009)
Puda Coal Announces Second Quarter 2009 Results (August 13, 2009)
Puda Coal Acquires 18% Interest of a Coal Mine in Shanxi Province (May 15, 2009)
Puda Coal Announces First Quarter 2009 Results (May 14, 2009)
Puda Coal Receives Local Government Approval to Restructure Six Coal Mines in Shanxi Province (April 21, 2009)
Puda Coal Announces Fourth Quarter and Full Year 2008 Results (March 16, 2009)
Puda Coal Signs Letter of Intent to Restructure Six Coal Mines and Construct a Coal Gangue Power Plant in Shanxi Province (February 3, 2009)
Puda Coal Announces Strong Third Quarter Results (November 10, 2008)
Recent Blog/Investment Publication News
China Micro-Cap Picks for 2010 (The Street.com December 2, 2009)
Fired Up About Chinese Coal (The Street.com September 21, 2009)
Catch China's Uplisting Wave (TheStreet.com July 14, 2009)
Invest in China by Starting Small (TheStreet.com, May 18, 2009)
Is Puda Coal a Red Hot Investment? (May 15, 2009)
Puda Coal Set to Benefit from Stimulus, Consolidation (May 4, 2009)
Puda Coal Website
http://www.PudaCoalinc.com
Puda Coal Investor Presentation (May, 18 2009)
Puda Coal Corporate Profile/Fact Sheet (As of May 15, 2009)
NOTE: OLD SHARE DATA and eps are in the May 15 profile! eps needs to be multiplied by 7 as Shares Outstanding now 15.3M.
Chinese Website
Puda Coal – Fueling the Fire of China's Infrastructure Development
The Chinese economy is booming, and with it new construction. Construction means steel, but there can be no steel without coal – the material at the foundation of the new economy. Puda Coal, Inc. specializes in providing China's highest-grade cleaned coking coal primarily for steelmaking purposes. Steel is the backbone of the New China. Puda Coal is perfectly positioned to satisfy the intense demand for the metal both now and as Chinese Miracle continues to gain momentum.
All Coal is NOT Created Equal – the Puda Difference
Meeting Intense Customer Specifications. To produce consistent quality clean coking coal meeting steel makers’ specifications (less than 9.5% external ash content and 0.6% maximum sulfur content), Puda mixes approximately 55% to 60% of high quality raw coking coal by weight with 40% to 45% lower quality raw coking coal by weight.
The Best Raw Material in the Industry. The supply of high quality raw coking coal is limited even in Shanxi Province, but Puda has direct access to an abundance of the high quality raw coking coal through Jucai Coal, two related party mines and two non-related party mines.
Savings through Experience. Lower quality raw coking coal is available in more abundance and less difficult to source. With Puda’s extensive experience in sourcing and mixing different quality raw coals to achieve customer specifications, we can produce the optimum raw coal blend which typically results in the lowest effective cost per metric ton of raw coal blend input.
Maximizing Input Efficiency. An optimum raw coal blend input also is a primary determinate in achieving high processing yield. Processing yield is measured by the metric tons of cleaned coking coal produced per metric ton of raw coal blend inputs. A lower quality raw coal blend input will generally reduce the yield. Puda is typically able to achieve an astonishing yield of approximately .70 MT of cleaned coal per 1 MT of raw coal, and this is expected to increase as a result of new cleaning facilities now online.
SEC Filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001162747&owner=include&c...
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