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IDMI ran to $3.88 because people around the company and brokers knew that it was under a $1 and had to get it back over, otherwise they would be delisted off the NASDAQ board. Everyone and their mothers chased it up. I think it will be going down to the 1.50's and little volume until news comes out!
Plus, i had a busy day delivering PIZZA's to the brokers!!!
Why? Please elaborate, as IDMI has no real news til Q3 regarding FDA!
Maybe the Fund can be introduced to CNSJ, they are an up and coming Cement Company in China. Their revenues are to be released by them in the coming weeks.
CNSJ showing 3.20 x 3.30 last 3.30 +6%
What a run it was to the 7's....and to the bank. Re-enrty here at 3.20?
Lots happening out there. IDMI dipping down now at 2.01, may grab some soon. Like many, finacials to be dislosed on CNSJ $3.58 +14% soon.
Cement sector set for growth:
Sohini Das / Kolkata January 01, 2008
The year ahead looks especially promising for the cement companies in the region, with most of them gearing up for capacity expansion and marketing drives.
Cement production in West Bengal grew by 8.4 per cent compared to an India average of 9.8 per cent during 2006-07.
Cement production in the state has been steadily rising, registering a 5.5 per cent rise during 2005-06.
The current capacity in West Bengal stands at nearly 4 million ton per annum.
The major producers in the state are poised for expansion plans, with Gujarat Ambuja setting up a 1 million ton per annum (mtpa) cement plant at Farakka in Murshidabad, Lafarge adding a greenfield unit (1mtpa) at Bankura, together with Durgapur High Tech Cement in the process of adding another 1mtpa capacity adjacent to their existing plant in Durgapur.
Kolkata-based cement major, Shree Cement is investing Rs 2000 crore in setting up an integrated 6 mtpa cement plant together with a 50MW captive thermal power plant in Katni district of Madhya Pradesh.
The project period for the Katni plant is two and a half years.
The current capacity of Shree Cements is 8mtpa, and the company plans to take it up to 10mtpa by March 2008.
Sources in the company said that it was waiting for getting the official lease license for the limestone reserves at Katni, which was expected in a year's time.
According to company officials who do not want to be identified, Shree Cement is looking at opportunities in Andhra Pradesh, Karnataka, Orissa, apart from Madhya Pradesh and Chhattisgarh, for setting up manufacturing units as a part of its major expansion drive.
It plans to take up its capacity to 20mtpa by 2012.
On the other hand, south- Indian cement major Madras Cements Limited(MCL), a flagship company of the Ramco group, aims at capturing 7 to 8 per cent of the market in West Bengal with its upcoming grinding mill at Kolaghat in East Midnapore in 2008.
The plant will have initial capacity of 950,000 ton per annum, that will be scaled up in the coming three years to 2mtpa.
The first phase investment in the project is around Rs 105 crore, to be released by the end of this year.
The unit that was scheduled to be commissioned by August 2008, is behind schedule by 3 months, owing to delays due to the monsoons, informed A K Paul, general manager, project & unit head at the plant at Kolaghat.
Several eastern Indian companies went in for initial public offerings (IPOs), like Burnpur Cements limited and Barak Valley Cement Ltd (BVCL).
BCL raised Rs 26.28 crore from the maiden IPO by offering 2,19,00,000 shares, diluting 48.39 per cent of promoters' stakes.
The money raised will be used to part-fund its one million tonne greenfield cement plant to be set up at Patratu, Jharkhand with an investment of Rs 120.9 crore.
The facility at Patratu will be a 800 ton per day clinkerisation and grinding unit that will be scaled up to 1600 ton per day, said A Pande, chairman of BCL.
The Asansol facility of the company is only a grinding unit with a capacity of 0.3 mtpa, that currently utilises only 50 per cent of its capacity.
This is because the company buys clinker from local suppliers, which results in intermittent supply as well as lowers profit margins, said A Gutgutia, vice chairman and managing director of BCL.
It planned to scale up our Asansol facility to include an additional 1 million ton grinding facility.
The Patratu plant, due to start commercial production by end of 2008, will start with 0.5 mtpa capacity and will be eventually scaled up to 1 mtpa.
The plant will produce both Portland Pozzolana Cement(PPC), Ordinary Portland Cement(OPC) together with Portland Slag Cement.
In the second phase of investment, BCL plans to come up with a 50MW power plant at the Patratu facility with an investment of Rs 250 crore.
The second phase will be starting early 2009.
The company wants to scale up its cement capacity to 10 mtpa in the next ten years, and has plans of setting up units in Jharkhand, Bihar, Uttar Pradesh, and Nepal.
BVCL has recently gone for an IPO as the first company in the North-East planning to raise over Rs 20 crore to finance expansion of clinkerisation capacity from present 420 ton per day (tpd) to 600tpd, and cement grinding capacity from 460tpd to 750tpd, and for setting up a 6MW captive power plant, together with meeting working capital requirements, Chamaria said.
This apart, Ambuja Cement sales grew 11.8 per cent during 2006-07, while Ultra Tech and ACC grew by 8 per cent and 6.4 per cent respectively.
The major producers collectively accounted for nearly 88 per cent of the cement produced in the state.
The medium sized plants in the state recorded positive growth as well, production up by nearly 10 per cent.
ACC chose the East for launching its new building solutions venture, foundation to roof cement(F2R).After a successful pilot run of F2R cement,
ACC aimed to romp up its marketing to support this new product in eastern India.
There will be always people hyping, no getting around that...may work in shareholders favor imo.
How the hell did i miss out on ARRT? Liking L2 on CNSJ and the fact they are reporting cement company, release of financials (depending what they are) can catapole this one into higher levels imo.
Take your profits, can always buy back in later. Check out L2 on CNSJ!
Try IDMI for a bounce from the .59's last week to the HOD of 2.00! Or even CNSJ tearing upwards with audited statements coming out!
Has UDTT bottomed here at .0011? Like the reversals on this one!
CNSJ 5.50 +22% fully reporting bb china cement company.
http://ca.finance.yahoo.com/q?s=CNSJ.OB
Talk about green...CNSJ 5.50 +22% fully reporting bb china cement company.
http://ca.finance.yahoo.com/q?s=CNSJ.OB
If o/s is 24 that's good, website is up and running, so far so good!
Same for CNSJ, first news since the r/s now pre 6.60 x 7.00
May want to add CNSJ 5.99 x 6.00:
China Shuangji Cement Ltd. Announces Corporate Update
2008-02-05 08:30 ET - News Release
ZHAOYUAN CITY, SHANDONG, CHINA -- (MARKET WIRE) -- 02/05/08
China Shuangji Cement Ltd. (OTCBB: CNSJ) ("China Shuangji" or "the Company") today announces a corporate update and an action plan for this quarter.
"The change to our corporate name and ticker symbol on November 9, 2007 marks a new direction for the Company," said China Shuangji Chairman and President Wenji Song.
China Shuangji expects to receive the audited financial statements of Shandong Zhaoyuan Shuangji Group Co., Ltd. ("SZSG") and contemplates filing the necessary Form 8-K with the Securities and Exchange Commission on a series of contractual agreements with SZSG, a domestic company registered in the People's Republic of China which is engaged in the business of manufacturing of cement products.
Mr. Song further stated, "I believe that each company has undeveloped endless potential. Looking ahead, our Company faces valuable developmental opportunities, along with many difficulties and challenges. We will execute the development strategies already approved, on the basis of the strengthening cement industry, to implement brand name effectiveness, and to expand in both the domestic and international markets. Our focus will be on leveraging the Company's strengths and stepping up business development, in order to provide the best products to our customers and as well to make Shuangji a large-scale international corporation. The Company is in the new historic development stage. We will continue to do what is necessary to establish strong corporate governance, in order to protect the interests of the Company and all shareholders. With the support of all our shareholders, and the combined efforts of the Board of Directors, management and staff, I firmly believe that Shuangji is blessed with a very promising future."
Forward-looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
For more information, please contact:
Investor Relations Contact:
Tel: 1-866-365-4724
www.shuangjicement.com
Be interesting to find out the share count, as these tend to be low floaters, especially from the reverse, am i correct to say that?
Just trying to catch up here, but its WHAT, $5.75 x 6.00
Is that right?
CNSJ 4.95 x 5.00 on first news release, OTCbb fully reporting from what i can see!
CTFO $6.10--China TransInfo Technology Files Form 10-QSB/A
2008-02-05 08:00 ET - News Release
BEIJING, Feb. 5 /Xinhua-PRNewswire-FirstCall/ -- China TransInfo Technology Corp., , ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China, filed two 10-QSB/As on January 31, 2008 to amend the quarterly reports on Form 10-QSB for the six-month period ended June 30, 2007 and the nine-month period ended September 30, 2007, which were filed on August 16, 2007 and November 14, 2007, respectively. As a result of the amendments, the Company recognized $187,495 and $590,273 more in net income for the first six months and first nine months of 2007, respectively. Total net income increased to $1,539,174 for the six-month period ended June 30, 2007 and to $3,604,344 for the nine- month period ended September 30, 2007.
It was necessary to revise these figures on the Company's financial statements for the following reasons:
-- The Company restated the liabilities and stockholders' equity sections
on its condensed consolidated balance sheets due to the
reclassification of accrued warrant liabilities from stockholders'
equity and the decreases in fair value of accrued warrant liabilities;
-- The Company restated the other income section on its condensed
consolidated statements of operations and comprehensive income due to
the decrease in fair value of warrant liabilities;
-- The Company restated the amount of net cash used in operating
activities due to a decrease in accrued expenses; and also restated
the amount of net cash provided by investing activities due to the
adjustment of cash acquired from a reverse acquisition on the
condensed consolidated statements of cash flows; and
-- The Company added its condensed consolidated statements of changes in
stockholders' equity to the Company' financial statements for the six
months ended June 30, 2007 and the nine months ended September 30,
2007.
"We are pleased to be current with our financial reporting," said Mr. Shudong Xia, China TransInfo's CEO. "With the recent addition of our new CFO, Troy Mao, to China TransInfo's management team, we expect to provide accurate, timely and high quality financial disclosure. In this way, we hope to provide as much transparency as possible to our shareholders as well as the investment community at large."
About China TransInfo
China TransInfo, through its subsidiary Beijing PKU ChinaFront High Technology Co., Ltd. ("PKU"), is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city, land and resource filling system based on GIS technologies which is used to serve the public sector. In addition, the Company is also developing its transportation system to include ETC technology. The Company is the co-formulator to several transportation technology national standards and has software copyrights for to 13 software products. China TransInfo has won 3 of 4 model cases sponsored by PRC Ministry of Communications. The Company's affiliation with Peking University, which currently owns 5% of PKU, provides access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electrified transportation information solutions.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
For more information, please contact:
China TransInfo Technology Corp.
Mr. Troy Mao, CFO
Tel: +86-10-82671299-3026 (Beijing)
Email: troymao@ctfo.com
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
China TransInfo Technology Corp.
CONTACT: Mr. Troy Mao, CFO of China TransInfo Technology Corp., +86-10-
82671299-3026 (Beijing), or troymao@ctfo.com; Or Mr. Crocker Coulson,
President of CCG Elite Investor Relations Inc., +1-646-213-1915 (New York),
or crocker.coulson@ccgir.com, for China TransInfo Technology Corp.
One that may be of interest, and it's fully reporting OTCBB, and that is CNSJ, here is news from them.
China Shuangji Cement Ltd. Announces Corporate Update
2008-02-05 08:30 ET - News Release
ZHAOYUAN CITY, SHANDONG, CHINA -- (MARKET WIRE) -- 02/05/08
China Shuangji Cement Ltd. (OTCBB: CNSJ) ("China Shuangji" or "the Company") today announces a corporate update and an action plan for this quarter.
"The change to our corporate name and ticker symbol on November 9, 2007 marks a new direction for the Company," said China Shuangji Chairman and President Wenji Song.
China Shuangji expects to receive the audited financial statements of Shandong Zhaoyuan Shuangji Group Co., Ltd. ("SZSG") and contemplates filing the necessary Form 8-K with the Securities and Exchange Commission on a series of contractual agreements with SZSG, a domestic company registered in the People's Republic of China which is engaged in the business of manufacturing of cement products.
Mr. Song further stated, "I believe that each company has undeveloped endless potential. Looking ahead, our Company faces valuable developmental opportunities, along with many difficulties and challenges. We will execute the development strategies already approved, on the basis of the strengthening cement industry, to implement brand name effectiveness, and to expand in both the domestic and international markets. Our focus will be on leveraging the Company's strengths and stepping up business development, in order to provide the best products to our customers and as well to make Shuangji a large-scale international corporation. The Company is in the new historic development stage. We will continue to do what is necessary to establish strong corporate governance, in order to protect the interests of the Company and all shareholders. With the support of all our shareholders, and the combined efforts of the Board of Directors, management and staff, I firmly believe that Shuangji is blessed with a very promising future."
Forward-looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
For more information, please contact:
Investor Relations Contact:
Tel: 1-866-365-4724
www.shuangjicement.com
YOur to funny...here's one that my scan picked up this morning and is up-ticking is CNSJ, with news that they are trading.
MNTY NUBV CRGO, thanks and have a good weekend!
MNTY ripping upward through the .0013's +50%
DLAV .0036 x .0038 waiting on news!
Good eye!
MNTY is YUMMMIER...for now lol!
Wanna order a PIZZA to go along? My picks are 30 minutes or free!
You said it right!
Blondes do have more fun :) Check out MNTY getting "BLONDE-UP" up for the action!
Blondes do have more fun :) Check out MNTY getting "BLONDE-UP" up for the action!
MNTY having a good start today...will be on more screens for next weeks activities!
What you looking at for next week?
MNTY just getting started...wait till next week!
MNTY .001 u'tng took an earlier positon at .0008!
DLAV is looking mighty good....like one of my home made PIZZA'S!!!!
Pizza to GO??
Noticed DLAV u'tng!
COPI as i read elsewhere is predicting .10 cents...wow!