China Growth Stocks

[otatais]

Crane stated they want to concentrate on Guijiao and not appropriate for them to be looking for aquisitions anytime soon (or words to that effect) but they have those 40000 ton tar tanks they can utilise at low cost if they need more capacity at Guijiao.
He also said "there are plenty of opportunities for other facilities furthur down the road but no plans in the short term"

They only cover central Shanxi now, they have a lot of potential expansion opportunities in Shanxi without even looking to other provinces.

I did a rough cash accumulation estimate using their net income estimates and estimated warrant conversion dates. Bearing in mind it cost 30M for 70000ton facility in Guijiao including inventory they may soon be able to fund from their own cash.

Rough cash $M Running Total
at Q3 fiscal 10 22
Q4 32
+ warrants 3M 35 net inc. warrants
Q1 fiscal 2011 53 15 3
Q2 74 17 4
Q3 97 19 4
Q4 123 22 4