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RealDutch

07/09/16 5:03 PM

#1322 RE: maria17 #1321

On another note am I the only one that noticed the bid is .14 and the ask is $100.?



I think you have posted this a number of times. The bid/ask is meaningless outside market hours.

It's not even meaningful during market hours now as we have no buyers.

The ask is close to 0.35 and has been for months. There is a big seller there who doesn't want to come down. The bid could be anything because there currently are no buyers. So it is not possible to determine a fair market price (what the market feels is fair) until we get some volume and a much tighter spread.

I hope they have enough respect to get this done and reward those of us that have stuck with them for years.



They will get it done. The question is, will they get it done in time.

I'm not sure what to do, what to tell these people, or how to get through to them. Honestly. I think it may take quite a while for the websites to be updated properly.

Perhaps the stock should close at 0.11 and stay down there for a week. What better way to shake up management?

It's a joke. These guys get no respect from the market and all they have to do is pay a tiny dividend. They already transferred the money from RMB to US dollars. Otherwise it would be impossible to invest $20M in US mining rights.

What does it take to teach the Chinese?
I think we will find out in time.

RealDutch

07/09/16 6:11 PM

#1323 RE: maria17 #1321

Btw, previously, they didn't have the money to pay a dividend. You need a cash surplus in China and they didn't have it. They had to reinvest most of it to sustain profitability. If you remember, they needed some $8M to ramp up Angel Star in the US and they didn't have that money either.

But that has all changed now. That's why the asset swap was such an important move.

As for beefing up communications and IR, they tried all that in 2012-2013 I think. And it didn't help.

So, I think they are trying. They certainly need to gain some credibility if they want to grow internationally.

Perhaps that's why I don't know what to tell these people. The asset swap was the right move. The free cash flow opens up many doors. The next step is to spin off the plantations in Shanghai. And we still won't get a dividend if that's the plan.

This is a hidden gem, pur sang. It's the market that is to blame, mostly. Because they can't see it. All those traders looking to make a quick buck, hedge funds and institutions and what you have. All failures.