Naz News, Gappers and FLE's

[mcmike]

SDTH capacity building & conf. call tidbit


NPCC capacity in metric tons
2006 90,000
2007 130,000
2008 190,000 by August
2009 310,000

"ShengdaTech is actively exploring potential sites in eastern China for its next phase of NPCC expansion, which will have an annual capacity of 120,000 MT. Construction on the first phase of 60,000 MT is expected to begin in August 2008, and production beginning in July or August 2009. "
http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={DA896910-AAB0-471A-856F-FE7B79CF06F0}


the chatwires were buzzing re. a possible need to close a chemical plant due to it's proximity to residential neighborhoods. This question was addressed in the conference call, but will have to wait for transcript. Sounds like the issue will be resolved with an acquisition that is not ready for announcement (premature).

A question was raised about the very low operating expenses by a seasoned(?) money manager. The response basically sidestepped the question

I continue to believe this basic materials play is undervalued by the market. They need a better system for their conference calls and a more adept translator would help.

I don't think IR should be running interference during the Q&A although many clarifications would have been missed without him.