Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
HOLY CRAP !!!!!!!!!!!!
refill you used to be able to get an answer from Chris, anyway can you try a call or email for us? maybe you will get some info.
hi refill....
i have been thinking about the sudden volume we have had of late and it could be as simple as someone thinking that phosphate has bottomed and now is a good entry point and they held firm on the bid to pickup 2 mil shares so far at .025 cents. it seems like other commodities have bottomed why not ferts. of course it could also be some other deal that Chris is working on. i guess we will see what happens. cheers :)
it sure looks alot different than it has been....
common Chris lay some good news on us please....
yeah it could be mike...
i just think its pretty amazing how they can push 1.5 mil shares through so far and not budge the price... it looks like some sort of fixed trades so you could be right about friendly hands trading shares. i hope we wake up to a killer PR soon.
I've got emails in and tried to call and will post if i get anything....
maybe you guys can try to get a response and see if he will answer...
1 million shares traded out of the blue without a budge in price looks like some sort of a deal to me...
hey spark, thanks bud...
sooner or later this thing is gonna fly i tell ya :)~
somethings up.......
maybe a nice juicy PR soon?
Key points as I see it.......
800k cash on hand....
75 mil shares outstanding....
48 mil float....
10 mil tax loss carry forward....
lic. from PRC for import-export biz.....
developed phosphate mine in situ waiting for better prices....
A few employees retained in china doing who knows......
No debt some stock options out at much higher prices.....
A legal claim in dispute over deal being cancelled....
speaking of trades............
it is interesting that someone is buying 20 30 60 k daily... slowly and steady.... wish i knew what they did or Chris would tell us whats up and whats next.
hi mike, yeah maybe but..... they must of had a pretty good look around and decided at least what they wanted to do and hopefully we get a nice surprise in a fresh PR.
well looks like we are back in the mining bizness......
"Given the Chenguo Agreement termination, we will be engaged in the search, exploration and development of phosphate and related minerals in China and other countries."
its interesting that they didn't mention the Yanxi Industrial deal in the filing as far as a no go. i wonder if they decided that the timeshare stuff wasn't up their ally and wanted to devote all the time and money towards Yanxi Industrial. it is what chris knows and would make sense for him to devote all effort to that. i guess we will see soon enuff.....
We still have the big filing coming. i wonder what they mean by this?
"We are currently continuing to work with our auditors to finish our audit, but due to complexities in an Agreement signed on April 11 and an impairment analysis on our existing mining operation we will not be able to file the form 10-K within the prescribed period."
well we know they got a lot to talk about so im guessing that its gotten a little complicated and everything has to be right for the SEC. im trying not to get too excited because every time i do i get let down but this time feels like things are really coming together. have a great weekend mike
looks like the filing will be a little late.....
must be so much good news that they were overwhelmed....
China Stocks Jump to Seven-Month High on Shenzhen Link Optimism
August 14, 2016 — 7:26 PM PDT Updated on August 14, 2016 — 8:31 PM PDT
Chinese stocks climbed to a seven-month high on surging turnover as takeover speculation buoyed property developers and shares in Shenzhen rallied after a report said details of a delayed exchange link with Hong Kong will be announced shortly.
The Shanghai Composite Index gained 2.1 percent at 11:22 a.m. A measure of real estate companies headed for its steepest two-day rally in almost a year after stake purchases by China Evergrande Group fueled optimism of more mergers. The ChiNext Index rose 2.6 percent after the Hong Kong Economic Journal said small-cap shares in Shenzhen will be included in the link and the start date may be announced as soon as this week. A gauge of Chinese stocks in Hong Kong advanced for an eighth day.
“The market is expecting the connect will be open shortly," Linus Yip, a strategist at First Shanghai Securities Ltd. in Hong Kong. “There’s much talk about mergers and acquisitions" in the real estate industry, he said.
The link between Hong Kong and Shenzhen, which expands on an existing connect program with Shanghai, will start in December, the Hong Kong Economic Journal reported, citing unidentified funds briefed by exchange officials. The aggregate quota will be abolished for the Shanghai link, while only daily caps will be imposed on the Shenzhen program, according to the report. Billionaire Hui Ka Yan’s Evergrande has boosted stakes in both China Vanke Co. and Langfang Development Co.
Gains came as China’s broadest measure of new credit rose the least in two years. Aggregate financing was 487.9 billion yuan ($73.4 billion) in July, compared with the median estimate of 1 trillion yuan in a Bloomberg survey of economists, data showed Friday after markets closed.
The credit growth data “weren’t great, but the market is expecting there will be more policies coming out to help the economy, and that’s helping the A-share market as well as Chinese companies in Hong Kong,” Yip said.
World’s Biggest Aluminum Producer Boosts Profit as Output Surges
August 14, 2016 — 4:37 PM PDT
China Hongqiao Group Co. boosted net profit 21 percent in the first half as the world’s biggest aluminum maker increased output to a record and prices climbed.
Net income rose to 3.3 billion yuan ($496 million) for the six months through June, from 2.72 billion yuan a year earlier, the Shandong province-based company said in a statement. Revenue gained 13 percent to 25.4 billion yuan, according to Hongqiao, which doesn’t report quarterly figures.
China’s aluminum industry, which accounts for 55 percent of world supply, benefited from a 15 percent rise in domestic prices in the first half. While output and exports remain below last year’s levels, they are on track to be China’s second-highest, and Hongqiao’s production rose 28 percent from a year earlier. Demand for aluminum outstripped supply in the first half, Chairman Zhang Shiping said in the statement.
“The group believes that the demand for aluminum products in China will remain strong in the second half,” Zhang said in the statement on Friday. Sectors including passenger cars, electric vehicles, electronic devices, as well as food and pharmaceutical packaging are using more aluminum, he said.
Aluminum has advanced along with most other industrial commodities as China’s economy has stabilized, lifting demand. The country is still adding low-cost capacity while smelters shutter elsewhere in the world, and prices are set to fall more than 11 percent in the next four years as China expands supply, according to U.S.-based researcher Harbor Intelligence.
Hongqiao surpassed Russia’s United Co. Rusal last year as the world’s biggest maker of the metal. Most of its income comes from selling molten aluminum that’s cooled and then rolled by customers. Its first-half output was nearly 18 percent of China’s total production of 15.4 million tons.
thats exactly right silver....all that happens is the shares go to stronger hands and builds a higher low for higher highs and as we can see the shares are being obsorbed nicely...
i hear ya.... he should just put me as the head of IR and i will do it up right.... :)~
yeah this next PR is going to be the most important one they have ever put out in my humble opinion and they have to get it right. this company will change overnight depending on what they say.
well looks like someone got tired of waiting for news.....
hey Chris how about a bone there mister?
yeah they are very limited as to what they could say and until they put out a PR on the future, they most likely wont respond for fear of getting in trouble. we know the Q will be out soon for sterling and they did keep the timeline for the agreement with yanxi and put a PR out on time so we should hear news pretty quickly i think.
hi nightroads, i have an email into the ir with euro and will post anything i get back, im sure they are very busy and working hard on all the things going on. good to see ya here and gl to us all...
its not gonna take much to push this much higher than most people think. we now own that company and its stock. plus we have a phosphate mine thats ready to start or sell and its free and clear. so i look for higher prices very soon. gla, paydirt
hi fade, here's what we should look like when the dust settles...
http://www.bloomberg.com/quote/JT9:GR
morning mike, lets hope so... also the PR is due for the outline on the new course for EURO ASIA after this current deal was closed. I'm getting a little antsy for some more news.
hi fade... everything is due out soon over the next month. the full report on what the direction for euro asia is with the merger and any info on the new timeshare platform plus the Q for sterling, so we need a PR per week. i think the pressure from "Chenguo Capital" will press the performance from chris so im not worried for now about delays. i see you joined me as a mod welcome aboard...lol
hey fade, gosh everyones here on lazy sat i guess...lol yeah, its like chris jumped on the bull and aint lettin go until the bell rings. as far as the mine goes, i guess it can sit there and wait for better prices. i dont think it cost much to leave it (turn key) so to speak, and is ready at anytime for start or sale. you have good weekend as well....
hi mike, all those news stories are on 1 day!!!! i think china is on fire and the only game in town so we are in the sweet spot. you are right about all the news due soon...we should get a slew of it and the Q is due out as well. i sure hope chris gives us a good feel for what his vision of things will look like and we get alota of interest from followers here and folks over there that will be doing biz. with us and see it as a good investment. anyhow happy weekend....
China’s Economy Gets Boost From Property, Construction Sectors
July 15, 2016 — 8:14 PM PDT
china’s real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers.
Economic output by real-estate brokers surged 8.8 percent from a year earlier in the April-to-June period, while construction activities jumped 7.3 percent, data from the National Bureau of Statistics showed Saturday. The nation’s gross domestic product grew 6.7 percent. Other industries such as technology, health and education increased 9 percent.
A housing recovery fueled by cheap credit has supported growth this year even as headwinds loom for developers with bloated inventories. Property sales jumped 42.1 percent in the first half, slowing from 54.1 percent in the first quarter after cities like Shanghai and Shenzhen tightened criteria for some homebuyers. The world’s second-largest economy is continuing its transformation toward growth led by services, which are becoming a major pillar of the economy.
Services accounted for more than half of output last year for the first time, while GDP data released Friday showed consumption made up more than 70 percent of the expansion. Services grew 7.5 percent in the second quarter from a year earlier, surpassing the 6.3 percent pace for manufacturing and 3.1 percent for agriculture.
The financial sector expanded 5.3 percent in the second quarter amid a sluggish stock market, slowing from the 8.1 percent increase in the preceding three months. Lodging and catering services rose 6.8 percent.
Emerging Stocks Rally Toward 11-Month High After China Data
July 14, 2016 — 8:11 PM PDT
EOM....
China’s Economy Stabilizes as Consumer Spending Perks Up
July 14, 2016 — 7:00 PM PDT
EOM........
China Oil Refining Rises to Record as Private Plants Lift Output
July 14, 2016 — 7:09 PM PD
EOM....
China’s Steelmakers Spring Surprise With Record Daily Output
July 14, 2016 — 7:47 PM PDT
EOM.....
China New Home Sales Value Rose 22% in June From Year Earlier
July 14, 2016
EOM.....
yes i think so mike......
"In order the aid in the financing of the project, Chenguo has also agreed to a US$ 3 million private placement at US$0.15 to close on or before August 1, 2016. Mr. Hanwei Guo has also agreed to join the Board."
"Euro Asia intends to publish a detailed strategy update subject to successful closing of the deal. Audited financial statements for the years ending 31 December 2014, 2015, and 6 months ending 30 June, 2016 by the end of July 2016."
lay it on us Chris......
hi fade, yes i really like the fact that they kept the time line and kept us informed about it. this seems different to me than in the past. as to your point about how this translates to SGGV, i say they merge the 2 companies together and use the SGGV tick because we have the listing here already and do a duel listing on that smaller exch. over there to let them invest in this too. i dunno, we see what happens, but Chris is on a roll as far as i can see.
DEAL IS DONE......
Euro Asia completes acquisition and capital increase
Purchase of industrial group successfully for stock for approximately 6.9 million Euro
Private placement raising approximately 19 million Euro cash completed to increase working capital
Hong Kong, SAR Peoples' Republic of China, 08 July, 2016
Euro Asia Premier Real Estate Company Limited (JT9; ISIN: VGG3223A1057) is pleased to announce that it has completed the acquisition of Yanxi Industrial Shanghai Company Ltd for a consideration of 1.26 million Euro Asia shares, as announced on 02 June 2016. The acquisition is based on Yanxi's audited net book value of approx. 63.3 million RMB or 8.64 million Euro, as of 31 March, 2016. The consideration equates a valuation of approx. 6.85 Euro per share of Euro Asia. The transaction was completed on 08 July, 2016.
Furthermore, Euro Asia is also pleased to announce a successful placement of 2.8 million common shares of the Company at a price of approx. 6.75 Euro per share. This private placement is completed as at 08 July, 2016. The total cash raised from the private placement is 163,170,163 HKD or approximately 19 million Euro. The funds are intended to be redeployed in Yanxi for its operation.
Shares for the acquisition consideration and capital increase were taken from the treasury shares the company holds since the cancellation of 7 million shares owned by former Chairman, Mr. Sun XiYi, in September 2014. Including the 4,075,340 re-issued shares, the number of shares outstanding will be 8,075,340, subject to the audit of Euro Asia's audit firm Mazars CPA, LLP.
1 Bloomberg FX tables June 30, 2016 Euro to HKD 8.5863
Contact:
Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 580 2929 0
Schwarz@schwarzfinancial.com
About Euro Asia
Euro Asia is a BVI registered company, active in demand driven development of real estate projects in the Shandong area of the People's Republic of China. The Company operates locally through its subsidiaries. By utilizing its strong local network to banks, political decision makers, land owners and other developers, the Company intends to grow its position in the Shandong Province prior to moving into other regions.
For more information, please visit www.eu-asia.net
NEWS OUT.......
Euro Asia extends closing date and offering period
Hong Kong, SAR Peoples' Republic of China, 06 July, 2016
Euro Asia Premier Real Estate Company Limited (JT9; ISIN: VGG3223A1057) informs that, further to the release as of 02 June, 2016, regarding the acquisition of all outstanding shares of Yanxi Industrial Shanghai Company Ltd. for a consideration of 1.26 million shares of Euro Asia and the intention to issue up to 2.8 million common shares of the Company via private placement at a price of 6.75 Euro on a best effort basis, management has decided to extend the closing date and offering period. Both were scheduled to be closed no later than 05 July, 2016, and are now set to close no later than 08 July, 2016.
Contact:
Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 580 2929 0
Schwarz@schwarzfinancial.com
About Euro Asia
Euro Asia is a BVI registered company, active in demand driven development of real estate projects in the Shandong area of the People's Republic of China. The Company operates locally through its subsidiaries. By utilizing its strong local network to banks, political decision makers, land owners and other developers, the Company intends to grow its position in the Shandong Province prior to moving into other regions.
For more information, please visit www.eu-asia.net