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Re: GorillaGorilla post# 1662

Monday, 11/30/2009 9:16:29 AM

Monday, November 30, 2009 9:16:29 AM

Post# of 2230
Video and Laby's word choice-

As you have noted, Laby is being conservative in her choice of words since they are still in negotiations for the consolidation funding. That said, I believe the price on the first two mines has probably already been agreed upon.

Re: Jianhe mine- there are multiple positives that will take place from the Jianhe stake cash acquisition- higher margins of their traditional washing business, skimming 18% net income off the top of Jianhe operations with zero operational costs, and the opening of the region for PUDA to act as a consolidator there as well.

If PUDA isn't at isn't at it's bottom in the current share price cycle, it's damn close to it IMO.

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

Warren Buffett