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You're 100% right. But Madoff was audited for years
by the SEC and they didn't give a damn, it wasn't their
money. Also, some small caps will lie in their news releases.
I'm not trying to pick a bone with you as I know what you
mean. Check out JCOF real good. And you will make some
quick money there. Sorry to bring up another stock on
this board, but it will be worth it to you.
yes but at least american small caps are audited by legit companies typically. chinese small caps....you go there to find out there never was a company in place to begin with.
So what country are you going to invest in
now, to escape fraudism, the United States of America?
Madoff is in jail, but many of his look-alikes
and students are not. Iceland--they're in bankruptcy.
Any other European country--I don't think so. Russia--no,no.
I could go on and on. You know what I mean! It's tough
out here trying to make a dollar.
3 yr low is .9, could be a nice opp in this range
i sold friday on a gut feeling, NAMELY because you can't trust chinese companies right now. fraud exposure every other day. i got LUCKY.
You need plenty of patience here
let's get green d*** it
No timeline but is on their website. if they were to do an acquisition in the US/Canada this would explode
what is the timeline on that? i see they have their F20 still this month.
it needs news/waiting for acquisition news
"As of December 31, 2010, the Company had cash and equivalents of RMB 3,178.1 million (US$481.5 million) on its consolidated balance sheet."
let's get rocking tomorrow-friday
i like this float too. company is almost 45% held by insiders.
WHAO! 5.33 a share. http://finviz.com/quote.ashx?t=xing
may be old but could be right. didn't read last financial.
That is NICE, but none of these ree's earn money and have to cough up cash to produce-explore. Either WAY it is a HUGE SAFETY NET.
thanks. that will calm me
oh yea, gotta know what this is worth in cash/shr
in at 1.46. you liking this here?
Added some down here
Totally under the radar, cash per share is worth 2x current pps , sleeper.
half of the shorts have covered recently
It's all good, gonna sit in this area until news, but has been a good flip in this range .15-.25
My God, I got an asswhupping today.
This thing is about to pop... I know it.... I also have money on it.
Today sucked.
Peeps just accumulating here
Looking good today.
No doubt.... finacials going to be released early...... this stock is going places.
News today is a well credentialed CFO from the mining industry
XING is up 20.34% over the last 6 months and I expect it to better than than for the next 6 months.
This week we will rock... I am guessing... 2.8-3 buck range.
Whats that supposed to mean?
Ya right, keep dreaming. I so wish the shareholders all the luck in the world.
What? The big buy did come thru.... we will hit 2.80 in 8 days.
Whooops there, missed being green. Too bad tho. The stock was so promising. Looks like if the 100K buy did not come in the stock would of been way down. Lucky for the both of you.
Have a nice day!
We finish green today but we should be much higher... Monday starts a good run.
Great buys coming in ..... this will be a beast.
You aint seen nothing yet..... Japan will need MOLY to stregthen steel..... to da moon baby. Edit By the way.... this thing is wound so tight a 9,000 sell does nothing to the PPS but a 400 trade will send it up a penny.
We get the last laugh China has included MOLY as a Rare Earth and will begin stock piling it this year. We got in on the ground floor.
Ditto with all their cash
I dont understand why this stock is so undervalued?
They are going to announce earnings before schedule..... I think it is going to be VERRRY GOOOD!
Should not be long, this will fly on acquisition news
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Qiao Xing Universal Resources, Inc. (Qiao Xing) is engaged in the sale of molybdenum concentrates in the People's Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.
Home - Corporate Governance -Managment of Resource Business | |
Liu Zhe Position: General Manager and General Engineer, Smelting Education: Working experience: | |
Kang Jianguo Age: 52 | |
Li Jinliang Age: 52 Education: Working Experience: | |
Wang Huanwu | |
Sun Xueshi Age: 42 Position: Senior Engineer, Mining Education: Working Experience: | |
Luo Yinhua Age: 43 Position: Deputy General Engineer, Smelting Education: Working Experience: |
HUIZHOU, China, Dec. 29, 2010 /PRNewswire-Asia-FirstCall/ --
Qiao Xing Universal Resources, Inc. (Nasdaq: XING, the "Company" or "XING"), an emerging Chinese resource company with a focus on several strategically important nonferrous metals such as molybdenum and copper, today announced that it has posted some pictures taken from its newly acquired Xinyuan Lead-zinc-copper Minein Chifeng city of the Inner Mongolia Autonomous Region on its website. Investors can click the link below to see the pictures:
http://www.cosun-xing.com/contact/lzc-01.asp
The Company also expects to launch a new website early in January to replace the existing one to reflect the Company's focus in the recourses industry.
"We are making continuous efforts to enhance our transparency and improve communications with investors to convey the exciting developments within our Company. As part of these efforts, we are also considering an on-site visit in the Spring of 2011 in Chifeng, where most of our mining businesses are located", commented Mr. Ruilin Wu , Chairman and Chief Executive Officer of XING."We look forward to providing accurate and consistent updates about our business to the investor community in the quarters ahead."
About Qiao Xing Universal Resources, Inc.
The Company is an emerging Chinese resources company, with a focus on several strategically important nonferrous metals such as molybdenum and copper. In April 2009, the Company acquired a 100% equity interest in China Luxuriance Jade Company, Ltd. ("CLJC"). CLJC, through its wholly owned Chinese subsidiaries, owns the rights to receive the expected residual returns from Chifeng Haozhou Mining Co., Ltd. ("Haozhou Mining"), a large copper-molybdenum poly-metallic mining company in Inner Mongolia,China. XING's Hazhou Molybdenum Mine business started operation in July 2009 and generated net income of RMB64.2 million (US$9.4 million) in the second half of 2009. Based on the initial success of the Company's molybdenum business as well as an extensive study of China's macro economic trends, XING, is further consolidating its strategy to become a pure resources company with meaningful scale. As a result of implementing this strategy, in December 2010, the Company acquired the 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. ("Xinyuan") .Xinyuan owns a mining license for a lead-zinc-copper mine that covers 3.3233 square kilometres in Wulandaba Suma, Balinzuo Banner, in the Inner Mongolia, China (the "Xinyuan Lead-zinc-copper Mine"). The Xinyuan Lead-zinc-copper Mine, which started operation inMarch 2010, expects to increase its processing capacity up to 2,000 tons of ores per day by the middle of 2011and expects to generate revenue of RMB430 million, operating profit (EBITDA) of RMB180 million and net cash flow of over RMB100 million in 2012. The Company is actively evaluating additional acquisition opportunities in the resources industry.
XING, one of the first Chinese private companies to be listed on NASDAQ in 1999, was previously one of the leading players in the telecommunication terminal products business in China. In 2007, the Company made the strategic decision to diversify into the resources industry. As part of this strategic transition, XING divested its fixed line and low-end mobile phone businesses in November 2009 and changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010. On September 8, 2010, XINGannounced its proposal to privatize QXMC by acquiring the shares it does not already hold through a Scheme of Arrangement (the "Proposed Offer"), with the intention to spin off QXMC's mobile phone assets or business and redeploy its assets into the resources industry. This proposed acquisition is on-going and its completion shall be subject to several conditions including approval from a majority of the minority shareholders of QXMC.
http://www.cosun-xing.com/images/ph4.png
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" and similar expressions. These statements involve estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed. You should not place undue reliance on these forward-looking statements.
Forward-looking statements include all statements other than statements of historical facts, such as statements regarding anticipated acquisitions, estimates of revenue and profit, the privatization of QXMC, time and date for the expected Court Hearing with respect to the proposed privatization of QXMC, anticipated mining capacity and production volumes, long-term growth prospects for the resources industry, the Company and value for the Company's shareholders, mine development and capital expenditures, mine production and development plans, estimates of proven and probable reserves and other mineralized material and the Company's transition to a pure resources company and bigger player within the resources industry., Readers are cautioned that forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected, anticipated or assumed in the forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Universal Resources, Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of December 29, 2010.
Additional Information and Where to Find It
Qiao Xing Universal Resources, Inc. has filed a Schedule 13E-3 with the SEC in connection with the Proposed Offer. The Schedule 13E-3 contains additional information regarding the Proposed Offer, including, without limitation, information regarding the special meeting of shareholders of Qiao Xing Mobile Communication Co., Ltd that will be called to consider the Proposed Offer. The Schedule 13E-3 contains important information about Qiao Xing Universal Resources, Inc., Qiao Xing Mobile Communication Co., Ltd, the Proposed Offer and related matters. Investors and shareholders should read the Schedule 13E-3 and the other documents filed with the SEC in connection with the Proposed Offer carefully before they make any decision with respect to the Proposed Offer. A copy of the Scheme of Arrangement with respect to the Proposed Offer is an exhibit to the Schedule 13E-3. The Proposed Offer is expected to be exempt from the registration requirements of the United States Securities Act of 1933 Act by virtue of the exemption provided by Section 3(a)(10); however, it is possible that the offer may change forms such that the exemption provided by Section 3(a)(10) may no longer be available. In such a case Qiao Xing Universal Resources, Inc. may file a Form F-4 with respect to the Proposed Offer.
The Schedule 13E-3 and all other documents filed with the SEC in connection with the Proposed Offer is available free of charge at the SEC's web site at www.sec.gov. Additionally, the Schedule 13E-3 and all other documents filed with the SEC in connection with the Proposed Offer will be made available to investors or shareholders free of charge by calling or writing to:
Qiao Xing Universal Resources | |
Rick Xiao | |
Vice President | |
Phone: +86-752-282-0268 | |
Email: rick@qiaoxing.com | |
USA IR AGENCY | |
,CCG Investor Relations Inc. | |
Mr. Ed Job, CFA | |
Phone: +86-1381-699-7314 (Shanghai) | |
Email: ed.job@ccgir.com |
Qiao Xing Universal Resources, Inc NASDAQ:XING recently announced on 14th of January the launch of its new website http://www.cosun-xing.com. This web facility depicts clearly Company’s focus on the molybdenum-mining business as well as its growing scale in the resources industry.
Company has provided in the website a comprehensive overview of its resources operations, as well as an extensive gallery of photos of its molybdenum and lead-zinc-copper mining operating businesses. The site is also equipped with the most up-to-date corporate profile and investor presentation as well as a dedicated section focused on the newly acquired Aolunhua Copper-molybdenum Mine, one of the largest open-pit molybdenum mines in Asia.
Qiao Xing Universal Resources, Inc. (Qiao Xing) is principally engaged the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, in the People’s Republic of China; the production and sale of mobile phones and accessories in the People’s Republic of China, and the production and sale of molybdenum concentrates in the People’s Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.
Qiao Xing Universal Resources, Inc. is a leading player in the molybdenum-mining industry with meaningful size in the resources industry. XING focuses on mining and processing rare metal ores and several strategically important base-metal ores, including molybdenum, copper, lead and zinc. The Company currently owns a 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. and a 34.53% equity interest in Chifeng Aolunhua Mining Co., Ltd, as well as the right to receive 100% of the expected economic residual returns from Chifeng Haozhou Mining Co., Ltd. |
XING was one of the first Chinese companies to be listed on NASDAQ (in 1999) as one of the leading players in the telecommunication-terminal product business in China. In 2007, the Company made the strategic decision to diversify into the resources industry. Since then, the Company has made several acquisitions in the resources industry and divested its fixed-line and budget mobile phone businesses. To reflect this change, the Company changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010.
The Company continues to evaluate acquisition opportunities in the resources area to strengthen its foothold in the industry. At the same time, XING is also working to divest its remaining mobile-phone business through the proposed privatization of its QXMC subsidiary, or via other alternatives, to become a pure-play resources company. | |
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