Replies to post #4354 on China Runji Cement Inc. (fka CRJI)

[littlejohn]

Seems low compared to stated company valuation from 02-28-2011...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7869540

About 16 cents on the dollar has the appearance of confusing the dollar to juan rate in the company offer...LJ

[hebercreeper]

Where did you hear of a buyout offer?

[northenlightsk05]

Not at 0.065. Need a much better deal than that.

[littlejohn]

1st board post on the buyout topic doesn't quote the quit claim paragraph in the offer BUTT it seems on target...

from the December 31st, 2010 year ending 10K...

Our Business Plan

§ We plan to raise adequate capital over the next five years for expansion and growth.
§ We invested over USD$50 million to build up one cement production line with daily production of 2,500 tons and one cement clinker production line with daily production of 2,500 tons. The newly invested cement clinker production line was put into production in October 2008.
§ We invested USD$10 million to establish a waste heat power generator system to convert waste heat into electricity, which was put into operation on October 25, 2009, in order to realize significant savings on electricity costs, to improve our margins and reduce reliance on outside power sources. From October 25, 2009 to August 31, 2010, the waste heat power generator system has generated electricity of 39.6 million kilowatt-hours and saved us USD$3.45 million in electricity costs.

10K filing link...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7606797