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that's just my guess. when I baidued the major "shetaicui" marketing companies, I realized that they are all sub companies of Xida group. for example, http://www.gczb.cc/about_ceo.aspx
I could not find english link:
http://www.ebankon.com/company/6273106/info.html
by the way, all the Jada's clients, are sub companies belonging to zhang.
Zhang is the owner of xikai mining
Well said guys. Just throw in my 2 cents.
I am a long term value player, so usually I will take profit only when the share price hits my target fair price.
Same time, I will take profit if stock price up a lot in very short term, like Jada case.
About Jada, I sold about 16% my position at .9 last Friday, I bot at high 30 cents. In my original plan, I would sell more, not my core shares though. But after rethink about it this weekend, I decide to hold all my left shares and will buy more if there is a correction.
we all know in last two weeks jada up nearly 300%.
One unique thing is the 3 highest vols were at .75 to .9 range. We know many guys took profit at this range. Who is the buyer? I doubt they are small fishes like me. Do they know something we small fishes do not know. I think so, since they are basically crying "sell to me, whatever price I will take it".
Jada is sitting on a Jade mountain. 1 buck is far below its fair value. Same time, Jada is a young company. It needs time to be mature. Long term, it will have a great future.
Short term, vols are telling me we may have some surprise ahead.
Just my 2 cents, enjoy weekend.
3.09, break out?
This damn thing lasts too long. Sigh, 90,000hours is 10 years. I could see they will have a great price power when the miners got used the their plates.
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A D11 bulldozer with a normal weld hard facing overlay needed the blade reworked after only 22,000 hours. In the same mining location, an Arcoplate lined bulldozer blade has lasted for 45,000 hours and is still in operation. Estimates show the blade is likely to last for 90,000 hours.
A little lazy today and got up late. Then read this msg. Wow, tons of news, we worry about the 3rd a few days ago and now we are going to have the fifth.
Great job, Dave.
my 1.51 order not fill, sigh... We have a big buyer today.
I just could not add up the two numbers. so the 5M mentioned in the 8K is the order, they could only deliver very small portion of it at 4Q?
from 8k
The initial product taken will be for the multi-million dollar expansion of their operations in the Pilbara area of Western Australia. The first product releases issued by BHP have been for value in excess of $5 million in the past 7 weeks. It is anticipated that over the next five years the value of Wearplate could be in excess of $50 million.
from 10k
10. Major customers, suppliers and geographic information
The Company had revenues from two customers for each of the years ended September 30, 2009 and 2008, of approximately $2,493,000 and $4,303,000 respectively. Accounts receivable due from the respective customers were approximately $1,380,000 and $1,592,000 at September 30, 2009 and 2008.
2009 2008
Customer A 20.4 % 21.6 %
Customer B 7.9 % 10.2 %
currency does not help
Sales denominated in Australian dollars were converted into U.S. dollars at the conversion rate of $0.73309 and $0.90762, representing the average foreign exchange rate for the years ended September 30, 2009 and 2008 respectively.
inventory has some hidden sale too
4q 3q
Raw materials $ 642,461 1,261,031
Work in progress 124,343 64,336
Finished goods 1,480,955 1,220,302
I shared your worry #2, intresting Gene mentioned 10M number, some wild guess, could we expect some BHP kind of contact ahead?
great day for me, two big holdings, SGAS and AYSI.
maybe the JV is comming since Mongolian gov approved the mine.
Any plan uplist to Naz?
One good thing, they do not need go overseas to find qualified labors anymore :)
If my memory is right, they made 5.6 cents/q on old line with shift. assume 2nd line is same capacity, then 11 cents/q with shift. two new lines, another double, then we have 22 cents/q with shift. so 88 cents/year is the up range.
if no shift, it goes 44 cents/year. but 5.6 is the peak performance, let's give it some discount, see 30%. we have 30 cents.
my rough guess it with 4 lines, 30 cents to 90 cents per year. with existing line, 15 cents to 45 cents per year.
here the things we are missing is new products have high margin, new line more efficient, new line has bigger capacity...
totally agree, a wild ride. still sit tight w/o one share sold.
bot SVA HOGS a little bit. Very possible, they will go lower.
The long term future is mainly decided by China, which is the driver behind this commodity boom. Currently china produces 1/3 of world steel.
China's long term growth story is intact. Just think about this Olympics, the whole expense is $44B. But the central gov has nearly $150B surplus at the first half of year.
I could not think about any main countries have so significant surplus.
So the worst case, even china stepped into recession, the china gov would have much bigger room to leverage, comparing to Fed.
I bot a little today. My acct got hit big. It is not the first time. I am a little experienced now.
Yes, the Q is a big miss. But basic facts still there:
solid management
great product
bigger market share potential
great macro env
I wish I could catch zip and zap, but I know I fail that. So only thing I do it hold tight.
Exactly, it needs another 20 years for china to move most farmers to cities. We are talking a few hundred millions of people. Austrie is well positioned because its geo location. AYSI is a long long term play.
Good analysis, man.
I like the Malaysia order a lot. Since Malaysia is close to Austrie, they could produce in their existing facility.
Great news, aysi is going to uplist. It means our little darling could demand a normal treatment, like pe 12 to 15 at least, instead 8 to 10. Itself will boost price 50%
Thank you, Esaum. Good job.
If the nearly 400b bonds china gov holds default, that will be the best deal china gov ever made.
Think it through...
If aysi hit $9 in 18 months, there is no reason not touching $10, magic number, :)
That's what I view it. The driver behind commodity is China, not other three bric.
China's growth is a long trend, only a major war could break it.
So our AYSI is really in a unique position. All factors are with us.
A few events are coming, which will pop CNEH stock price.
July, road shows
2Q ER 22+
Oct, uplisting
I am holding my shares@2.67.
Richagain,
I agree with you. IB is the best, especially for day traders. I used it before and love it
I saw ask 3 from scottrade for a short period after opening.
Is AYSI moving to NAZ? Do I understand it correctly? Is there any time line there?
WOW!!!
Thank you, Kutubu.
##############################################
>no reason why this should not continue as institutional investors come on board and they will once we have a change of address and move into a better residential trading district.
I saw some profit taking there. But anyway, we will see THREE soon. The number has magic...
Thank you, LF.
China is the driver of the ore command. Now China steel production is about one third of the whole world. Same time China still a steel importer.
There is no clear sign China economy will slow down any time soon. Even China economy slows down one day, Chinese gov will do the massive public infrastructure investment to stimulate the economy, which will keep the steel command at high level too.
Another thing is AYSI is a supplier of miners. The kind of mining project is long planed and time consuming. Usually the miners will have long term contract with steel maker, here long term means 10 or 20 years.
There is no sign the mining boom will cool down. In fact, I read one article at WSJ about this. It mentions the mining equip production is so stretched, miners need wait three time longer to get the stuff they want.
Finally the wear plate AYSI produces will wear down some time. It is like toner for a printer. Usually when a miner picks one supplier, it will stick with the same supplier for a long long time.
I firmly believe, as most the members of this board. We are having a great company, now just the beginning of the show. Let's sit tight, lay back and enjoy it.
Have a nice weekend.
That's my speculation.
Gene may have got some kind of guarantee from his clients, that's why he made the trip. New mining equipments specify AYSI products, it makes perfect sense.
Total speculation.
The story could be one of AYSI clients suggest/push this action. Otherwise, how could little AYSI knows Geomandal. We all know Gene is a cautious guy. Unless order already there and Geomandal only provides on site support.
BJGLE is only one empty shell, that's my understanding of the PR.
My guess is the owner withdrew from the US marketand left the shell only.
Yes, website looks good, but try the phone number.
Cut loss on BJGL. Talked with CFO about why the 1q is late and realized he even is not working on it yet.
Basically he told me one company(sina-america investment corp) handling this. I asked phone number and called. The number belongs to some other company, no related. When I called back, he sweared to me the number is good and gave me Sun(the board chairman)'s number. I called and just finished introduction. Mr. Sun hang up. Then I called CFO again, he hang up too.
Maybe it is a good company, but I am out.
If anybody wants phone number, PM me. Many numbers from google are invalid.
Called my broker. No allowed to borrow AYSI from my account. It is fun.