China Clean Energy Inc. (CCGY)

[atco1982]

Sorry for the repost, but -

Five fold projected revenues at full production -
Projections are unlikely for a Chinese small cap., but they might announce new customers.

In my post # 3271 on Emerging Chinese Stocks, I stated that I was unsure of CCGY sales volume and potential sales. Couldn't find the tonnage sold. It was right here in their IBox:

http://www.chinacleanenergyinc.com/images/PDF/08-14-2009%20CCGY%20Q2%202009%20Earnings%20Release%20Final2.pdf

but this data was not in the 10Q.

For Q2/09 Revenues $4.3M, 1493 tons bio-diesel @ $561/ton, and 2655 tons speciality chemicals @ $1270/ton. (Currency conversion is 6.9 to 1.)

Therefore 4,148 tons sold of their annual capacity (7,000 tons combined products) sold at an average of $1036/ton.

New production capacity is 100,000 bio-diesel, 30,000 tons specialities, or 70,000 tons combinations.

So here is the estimated revenues for combined product sales at average $1036/ton times the 70,000 ton production = $75M if it can all be sold. A nice five fold increase from $14M.

Can they sell it? Being the second largest procucer with a port and the the Q2/09 results, I think so.