RCMW Group Inc (fka RCMW)

[agribusiness72]

Speculation here on the pps for the chongqing JV. May jump very slightly on the news but like the other pr's, will not be sustainable due to the fact that CPOW will only own 10 percent of the JV, the initial cost is estimated to approach 90 million dollars, and as Mr Shenher has been quoted as saying that production COULD start by April of 2014. Three years of development a long time away to sustain the company, so the more important sustainable projects must be Montana and Regina plants functioning at 100 percent capacity. Anything less could be disastrous to keep the company going. I'm not too keen on the Alabama plant as like I posted previously, too many unknowns about the ownership and we are over a month past from the original closing date of the deal. Like I've seen posted previously, Once China is involved in this venture, it would not take much to buy out the other 10 percent and leave CPOW high and dry. By 2014, China would be well ingrained in the contractual phases and won't need CPOW any longer. Maybe a bit cynical here, but we are talking about China, a Communist country that doesn't play by the same rules as we or the Canadians. I wish all of us luck, and by the way, has Jack received any photos or names of the Chinese Delegation that came to Canada? Again, cynical, but I find it strange that nothing more has been said about their supposed visit. Or am I wrong??