China Growth Stocks

[2morrowsGains]

SGZH...BTW, the Liujiaqu Coal Mine acquisition is still on the table...

From the Q3 10Q...
"On May 19, 2010, the Company entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") to acquire the Erdos City Dongsheng District Liujiaqu Coal Mine ("Liujiaqu Coal Mine") located in the Inner Mongolia region of the PRC. The transaction of the acquisition of Liujiaqu Coal Mine had not been completed on September 30, 2010. The parties are reviewing the potential impact on the transaction of new municipal policy and requirements of Erdos City and have not scheduled a date for completion of the transaction."

Here are the terms of the acquisition...
Songzai International Holding Group Announces Entry Into Agreement to Acquire Liujiaqu Coal Mine in Inner Mongolia
8-k Filing
SGZH's share price at the time was approx $7 and notice there was actually a cap on dilution. (SGZH also now has approx $20M more in cash than they did back when the announcement of the acquisition was released).

Whether it's the Liujiaqu acquisition or another acquisition, something is DEFINITLEY brewing which could help boost profits also...

"We are also expanding our efforts to pursue other mining properties and short term production opportunities which could be revenue contributors for us in the 2011 fiscal year."
http://ih.advfn.com/p.php?pid=nmona&article=45475320

We'll see what happens.