China International

Saw this China International which is trading now at abt 4c. Seem like all the bad news may have been out and we could start to hear some positive news which may come from various areas

1) Real estate dev from its ppty in Tianjin

2) 20% in a china gold mine with mining license renewed some time last yr

3) 34.5% stake in a Oil & Gas project in Papua New Guinea. Measurement has been conducted and should be starting drilling soon.

4) Upgrade of water treatment plant in Tianjin from capacity of 50 ton/day to 100 ton/day

NAV is 15.8c and cash at 1.5c. Cash may go up significantly as it is negotiating with the gov on compensation for the cessation of toll road.

I am not very certain on investment merit and could anyone here enlighten me a bit? Thank you

It looks like China International is catching punters' attention. Volume starts to slowly expand. May see it close at above 6c today.

Given our weak market today, CI is still doing well. Definitely like to see it closes above 6 cts today.

Oceangrace wrote: Given our weak market today, CI is still doing well. Definitely like to see it closes above 6 cts today.

The chance is very high. I bought another 100 lots at 5.2c, same price as I bought into Weiye.

So that 100 lots bot by u My avr price still below 0.05 Hope this time round, I got it almost at the bottom. Dun wana miss this one.

Oceangrace wrote: So that 100 lots bot by u My avr price still below 0.05 Hope this time round, I got it almost at the bottom. Dun wana miss this one.

If it can run like Weiye, 5.2c is very cheap. And I see high potential that it can become one as it has many assets including oil & gas exploration in Papua New Guinea.