China VTM (0893)

[dzwm87]

you are trading this counter? you sold recently and prices didn't even drop by 10% and you are buying it back?

what cause your change in strategy between then and now?

[chaosdiablo]

I wrote to the company and they reply me back.......and I think the management is good....not all companies that I wrote to reply me...in fact, most did not......

See below...I am confident that this will be multi bagger in years to come and will continue to buy if it drop further......I am very disappointed with Zijin although it is the biggest gold mining company in china

The reason of the share price volatility was mainly because of the fluctuations of the financial market and the commodity market which changed the valuations on mining companies in general over the past months. However, we have done our utmost to improve our operations and maintain communications with our investors.

Amid the continuous slowdown of the global economy, we have achieved a stable growth and recorded an impressive performance results during the year. For the year ended 31 December 2011, our revenue amounted to approximately RMB1,713.0 million, representing an increase of 8.7% over the previous year. Profit and total comprehensive income attributable to owners of the Company amounted to approximately RMB605.9 million, representing an increase of 11.8% over the previous year. To reward our shareholders, the board of directors recommended the payment of a final dividend of HKD0.073 per share (equivalent to approximately RMB0.059 per share) for the year, representing 20.2% of the profit and total comprehensive income attributable to owners of the Company.



For future development, the Group has entered into a cooperative agreement to develop the Dashanshu section of the Pingchuan mine through a joint venture arrangement in August 2011. This mine has an estimated resource of approximately 50.0 Mt iron ore. Meanwhile, in December 2011, the Group has also entered into an acquisition agreement to acquire Panzhihua Yixingda Industrial Trading Co., Ltd., which owns the exploration right of the Haibaodang mine. Upon completion, this acquisition will add no less than 100.0 Mt of resources to the Group’s portfolio. These actions will support our production capacity expansion plan in the future, especially in 2014.

you are trading this counter? you sold recently and prices didn't even drop by 10% and you are buying it back?

what cause your change in strategy between then and now?

[dzwm87]

Is it possible for you to paste your email queries and their reply to this thread? I am interested to know.

Thanks!

[chaosdiablo]

Is it possible for you to paste your email queries and their reply to this thread? I am interested to know.

Thanks!

Oh, I ask them why the share price drop from 3.90 and the direction of the company....

Reply....

The reason of the share price volatility was mainly because of the fluctuations of the financial market and the commodity market which changed the valuations on mining companies in general over the past months. However, we have done our utmost to improve our operations and maintain communications with our investors.

Amid the continuous slowdown of the global economy, we have achieved a stable growth and recorded an impressive performance results during the year. For the year ended 31 December 2011, our revenue amounted to approximately RMB1,713.0 million, representing an increase of 8.7% over the previous year. Profit and total comprehensive income attributable to owners of the Company amounted to approximately RMB605.9 million, representing an increase of 11.8% over the previous year. To reward our shareholders, the board of directors recommended the payment of a final dividend of HKD0.073 per share (equivalent to approximately RMB0.059 per share) for the year, representing 20.2% of the profit and total comprehensive income attributable to owners of the Company.



For future development, the Group has entered into a cooperative agreement to develop the Dashanshu section of the Pingchuan mine through a joint venture arrangement in August 2011. This mine has an estimated resource of approximately 50.0 Mt iron ore. Meanwhile, in December 2011, the Group has also entered into an acquisition agreement to acquire Panzhihua Yixingda Industrial Trading Co., Ltd., which owns the exploration right of the Haibaodang mine. Upon completion, this acquisition will add no less than 100.0 Mt of resources to the Group’s portfolio. These actions will support our production capacity expansion plan in the future, especially in 2014.

[chaosdiablo]

+2.87% as of now....

[chaosdiablo]

up 4% today

[dzwm87]

http://www.hkexnews.hk/listedco/listcone...506016.pdf

expecting lower production volume..

HK markets tanking this morning - probably due to the aftermath of failed speculations of easing measures over the weekends..

[chaosdiablo]

today drop more than 4%.....likely to drop more due to power disruption

http://www.hkexnews.hk/listedco/listcone...506016.pdf

expecting lower production volume..

HK markets tanking this morning - probably due to the aftermath of failed speculations of easing measures over the weekends..

[chaosdiablo]

Time to take a look at this stock now...drop too much....

But fundamental very good....

PE 3.5, Dividend 6-7%, NAV < 1,

[chaosdiablo]

Buy call from various analysts.......

http://202.65.242.22:9203/E3918E723ED33E...513_en.pdf

http://www.chinavtmmining.com/attachment...203_en.pdf

Lots of analyst reports here...

http://www.chinavtmmining.com/html/ir_analyst.php