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Rames

05/13/10 7:46 AM

#40922 RE: Traderfan #40920

PUDA - I believe the big bottom line beat was only because of much higher selling price for coal. They did not beat on revenues, those came in pretty much in line.

GorillaGorilla

05/13/10 8:03 AM

#40928 RE: Traderfan #40920

PUDA - not 1 cent from mining coal - they are still waiting for approval. From last CC they won't be mining until approval.

Pre-construction activities at these two mines are currently underway. We are working closely with the Shanxi government and expect to receive approval for the business license transfers for all eight of the Pinglu County mines in the near term.

http://finance.yahoo.com/news/Puda-Coal-Announces-Strong-prnews-3670541632.html?x=0&.v=78

rich