Vision OP China Share Discussion Threads

[ppowerscourt] 18/3/2010 21:47

continue on HKEx:3993

Molymet USA is a global produce and seller of Moly and Tungsten powder and technologies. They have processing facilities in Chile, Belize, Mexico and Germany where they have in-house chemical labs and perform High-temperature, Wet Method of refining ores. Throughout China, USA and UK, Molymet has offices for sales, business development and negotiation teams. This 50% share holding transaction literally binds Molymet to China Moly as a joint venture partner thus China Moly can better raise standards on high technology, brand awareness, sales and market share increase and management quality.

The second major action which took place recently was an agreement China Moly made with another company in Luo-Yang called Luo-Yang Construction Metals Mines whereby a one-year loan of RMB11.5 billion Yuan will be let to the latter with collateral of the latter's entire shares holding as surety. The purpose of the loan for to enable LY Construction Mines to acquire another Luo Yang mining company called Fu Chuan (Prosperous Valley)Mines. A clause attached to the loan term states that in future China Moly has the right to acquire assets and properties owned by LY Construction Metals at various stages of time and costs. From this shrewd move of future acquisition of similar mines within the general region of Luo Yang, China Moly has demonstrated her adeptness in employing her war chest of RMB40 billion Yuan cash.




ppowerscourt - 18 Mar'10 - 21:44 - 88 of 88 edit


Goldman Sachs HK has set a target price on 3993 at HK$8.2

The second half of last year has seen the return to previous high level on commodities prices and demand for Moly has reached higher levels as well as moly prices. Currently China Moly supplies 18% of China's annual production of 180,000 tons and China Moly's production represents 7.2% the global sum.

In view of the recent reform as set out by the Central Chinese Govt. 5-Metals Metallurgy Dept. seeking re-orgaization and re-clasification throughout China's mining industry. Large amounts of fresh capital have poured in and alloted accordingly. China Moly being a prime of place producer will certainly enjoy 30% more privileges than any other ordinary metals companies. Industry experts have predicted China Moly would accomplish at least RMB13 billion Yuan, about 20 times earning which is still below any other international peer group's ratio. Goldman Sachs gives a target of HK$8.20; but for 3993 to puch past the 10 dollar mark will not be difficult.

end

by High Mountain Walker, Tsing Pao Financials


Note: HK:3993 is known in Chinese as Luo-Yang Moly but it English name is China Moly.

[andrbea] 18/3/2010 15:12

nice-sized buy today (400k in volume)

[ppowerscourt] 18/3/2010 00:00

rrr,

I translated the entir article but accidentally lost it by not having saved it after writing for a long passage. Will try again later today.

pp

[ppowerscourt] 17/3/2010 23:56

ollybean,

The best HK quotes I can get is live from TDW Plus acct. VOC is traded in US$ on LSE.

[ollybean] 17/3/2010 19:58

Advice please.

As a dabbler in shares can one tell me how to get a quote on those mentioned on the HK. I deal through 'the share centre'. I have not asked them yet but have only found VOC on the LSE from their quotes.

[ppowerscourt] 17/3/2010 17:07

Luo-Yang Moly possesses huge treasury in shape of a mountain containing metallic ores. Its major developmental focus is Molybdenum; The secondary focus is development on two metal ores; that of Tungstun and Gui-Jing-Su (Belonging-to-precious-golden-metal group. I don't know what it is exactly? not gold. Chinese use the character gold to denote metal.) L-Y M has succeeded in becoming a global leader in the Rare Earth Metals conglomerate group.

LYMoly presently operates 6 factories which do the sepatation work on raw material from excavation, one furnace refinery, and many workshops which serve as the End-of-river Outlets to distribution. Their main products are Moly-Essence infused metal, moly enforced steel and oxidised moly particles. All these products are needed in the sector of construction of heavy industries in China.

Recently there have been two major expansion developments by LYMoly (rrr, please refer to announcements on their news page website for these). The general market audience were slow to catch on their significance; but it was a chance for the Metals Unit Trusts to buy in cheap as a result. And further accumulation by them based on the bottom price structure.

Firstly at the beginning of last month, at the price of RMB2.5 billion Yuan, L-YMoly sold 50% share of her subsidiary Luo-Yang Hi-Tech Metals to USA's Molymet Group. L-Y Hi-Tech specializes in the production of Moly Powder, tungsten powder and related products.


.......to be cont'd. the translation takes a bit longer than usual because of the technical terms which I'm not familiar with yet. Just a history reader, that's all.

[ppowerscourt] 17/3/2010 15:47

Andrbea:

Listening attentively to your strategy.... I'm drip feeding my HK portfolio by selling my UK shares down. Hope to achieve your set ideals as you stated above for my HK this decade goal. The more time I spend studying HK shares, the more I prefer them because they don't gyrate as much as AIM microcaps. The exceptions are actually 3993 and 0769 which can gyrate 3 to 4% daily for reasons of their own rarity and monopoly I guess. Most other HK shares I chose are pretty mild stuff but I hope to discover the gems amongst them eventually.

Thanks so much for watching GXY for me. Why is CRHL doing so much better than GXY? I backed the wrong horse on Lithium for sure. Is CRHL privately owned?

pp

[ppowerscourt] 17/3/2010 15:37

rrr:

3993

洛鉬823;手頻現快&283;車

大市%325;上22,000點大໼4;水平，走ࡉ8;並非令人঴7;外，而各ั5;中資股亦ࢷ2;努力你追ৎ5;趕。其中ณ9;源類股份ࡠ8;成新貴，༊0;卻受惠全ங9;需求顯著ࢯ8;升外，近੏9;中國冶金๽6;旗下的中ࢴ3;五礦集團໴3;始進行系ࠣ9;重組整合ᦁ2;亦為金屬೜9;帶來巨大૤0;資重組商ણ1;。至今仍਷9;相對落後௚0;稀有金屬ࢴ3;企--洛陽鉬989;（3993A289;，似已被522;金鎖定為$861;逐目標，152;日除成交823;增外，期&291;更有多次823;手上板。$023;貨行動活$493;，屬典型&283;大車前奏A292;相信高盛&283;出的8.2元目標，ú33;可在短期Ð39;手到拿來z90;
洛鉬793;有龐大礦665;資源，並197;稀有金屬340;鉬為主體A292;同時以鎢644;貴金屬為&617;線發展，104;功建設為990;界領先稀377;貴金屬礦989;集團。洛%484;現擁6家浮6984;廠、;一家8953;燒及;冶煉4288;，及;多家
9979;游加;工設6045;，主;要產1697;為鉬;精礦
2289;氧化;鉬及7484;鐵，;全部5033;用於;中國7325;點工;業上
2290;
近期931;鉬有兩大844;張動作，294;市場似未436;全解讀，!268;令基金有231;可乘，不039;在低位增345;平貨。首808;是上月初#336;劃以2.5億元人民ñ63;作價，將Ð40;資附屬洛Ɓ25;高科的50%股權售ߚ4;美國Molymet 集團A292;洛陽高科027;要銷產鉬881;﹑鎢粉及456;關產品， 而MolymetÒ63;是全球領Ð08;鉬產品及Ŷ84;副產品生ī86;商，在智Ò33;、比利時z89;墨西哥及õ03;國擁高溫Ñ18;金、濕法Ñ18;金、化學Ö50;商務設備ʌ92;並在內地z89;美國及英Þ83;設立代表ŗ89;及商務處z90;交易令Molymetৎ4;為洛鉬合ୣ1;夥伴，可ࠃ1;助Molymet6044;技術;、品9260;、營;銷及1649;理力;量，6914;一步;提高7931;陽高;科產1697;質量;、市0308;率及;管理7700;平。;
第二447;大動作則312;近期簽下A292;洛鉬協議521;洛陽建設014;業提供借454;11.5億803;人民幣，858;期一年，006;取得洛陽314;設礦業全%096;股權質押A292;洛陽建設462;得借款後A292;將作收購931;陽富川股402;之用，而854;一最特別511;貸條款，063;是洛鉬可312;日後有權$092;入由洛陽314;設所購入340;資產，即159;洛鉬大可535;定來食，552;供頗佳投$039;彈性，不833;為善用手978;近40ࠚ0;元人民幣ங4;金的有力߮4;證。


高盛104;目標價8.2元


去年978;半年，洛%484;業績一如&928;期般與市580;同步倒退A292;但轉機已312;下半年出694;，首先是"892;業需求大686;，鉬價亦490;跌回升，565;於佔全國18萬噸ஶ6;量中19%、及0308;全球;總產7327;7.2%的7931;鉬自;然大2823;有利;，而0013;國五;礦集2296;近期;重組4892;動，;亦為0839;地金;屬業2283;企整;合大6264;勢拉;開序4149;。洛;鉬身8858;稀有;貴金3660;國企;，國3478;必對;其重5222;三分;，未0358;注資;憧憬1487;以相;當遼8346;，行;內估5336;洛鉬;今年5033;可恢;復達13億元É54;民幣盈利č89;績，折合ð66;盈率僅約200493;，遠;低於2283;際同;業，9640;盛就;以相3509;評估;將目7161;定為;8.2元，長線356;應可輕上10元大໼4;。

高山"892;


3993

(written a few days ago by Sing Pao's Financial Section)

Ever since the main market HS Index returned back to 22,000 level, all the mid-cap have been racing each other to get ahead. Among the 5-metals (Chinese term meaning all metals)group, natural resource type-metals have become the firm darlings. Other than global demand rising back to its normal levels, the recent action by the Chinese Central Metallurgy Dept.'s China 5-Metals Conglomerate Group to re-organise internally has attracted fresh capital to inject in various allotments into these re-organized business opportunities anew.

The Rare Earth Metal, HK:3993 Luo Yang Molybdenum PLC, which has been a relative laggard among China's metal shares is now deemed the object for acquiring by all the Metals Unit Trusts. Yesterday's high volumn transaction and recent stakes acquired by Biggie Hands are only a classic example of that of a prelude to a Grand Prix Car race. We believe the short-term target price set by Goldman Sachs HK at HK$8.20 can be achieved swiftly.

...to be cont'd. (3993 rose again this morning 4.7% to HK6.45 after a dip within a couple of days) Commentary on 3993's history and assets, and reason to buy it, etc. I'm having some lunch now.

[ppowerscourt] 16/3/2010 23:25

Andrbea:

O/T: My ASX:GXY is not doing well SP-wise. Nobody on Hotcopper understands why CRHL and GXY are the way they are performing? If you have any information on CRHL's Chinaside development and related PLC's epic and etc. Please let me know and I will search it/them in China. Thanks.

I look forward to VOC's next move, of course. This is the time/duration that VOC's management offers the best confidence due to their pedigree and record of calculated success in their choice of investment fitting the criterion of microcap with explosive growth.

May I have a comment on your portfolio/overall stategy's movement or any change?

Best regards to you,

pp

[ppowerscourt] 16/3/2010 23:15

rrr:

www.google.com/finance?q=HKG:0803

The above is the webpage I use to do my research on HK stocks. Please make sure you type in 4 digits by adding prefix of zero/zeros when the HK epic is less than 4 digits.

The REE bb is a bit difficult for me to understand, its contributors are well respected like WD, etc.

After you have read 0769 and 3993, I will then post comments by local experts.

Cheers,

pp

[ppowerscourt] 16/3/2010 12:07

rrr:

My knowledge of REE is only shallow and recently acquired but am willing to take a long-term position as our technological age advances.

If you have a TDW acct. then you can trade in foreign stocks. I have been following the HK market for a while now and have sold down my UK share holdings into HK, Australian and Canadian stocks following the sound advice by Hectorp on foreign exchange advantages vs UK currency weakness. So far the effect has been satisfactory.

In HK there is only one Rare Earth PLC, called China Rare Earth Epic: HK:0769 and one Moly share called Luo Yang Moly, HK:3993 Since I read Chinese; I read their stats both in English and Chinese. I will post their English research by Google later and their English websites which you can follow. And I will make comments and translations as published by local stock market experts.

Andrbea and I sort of consider this our private thread, and you're a most welcome addition.

pp

[rrr] 15/3/2010 11:23

Hi ppowerscourt,

Please do post; not sure why you're not keen to mention the RE share on the REE bb?

Meanwhile this share chart looks pretty good!, thanks for your posts.

rrr

[ppowerscourt] 15/3/2010 10:57

Yep, you're right. rrr

O/T: rrr: Since tdw allows me to trade the HK market, I have recently found a Rare Earth share in HK-listed China PLC plus a couple of moly plays. But not sure if I want to post them on the REE bb. If you're interested (research is done in English by Google) I'll post them here.

pp

[rrr] 15/3/2010 10:33

Actually I think it's now a little more :)

"As at 5 March 2010, VOC had 66,189,574 ordinary shares of no par value in issue (the "Ordinary Shares"), which resulted in an unaudited NAV per Ordinary Share of US$2.831 as at that date (28 February 2010: US$2.780)."

[ppowerscourt] 14/3/2010 22:32

Last NAV as published on website is USD2.78

[ppowerscourt] 07/3/2010 16:26

China ready to end dollar peg
The head of China's central bank has given the strongest signal yet that the country will move away from pegging its currency to the dollar, but he said any changes would be gradual.
.....................................


Sunday Telegrath

[andrbea] 04/3/2010 08:49

4% today, great stuff!

[andrbea] 24/2/2010 09:36

good news too on Feb 10th

Additionally, VOC has purchased and cancelled an option it had previously issued to Fairfax I.S. PLC ("Fairfax"), VOC's former NOMAD and Broker, in connection with the initial placing and admission of the Company's shares to AIM. The Option was initially granted to Fairfax to purchase up to 2,000,000 of the Company's ordinary shares at an exercise price of USD$1.00 per ordinary share. Fairfax agreed to terminate and cancel the Option for a cash payment of USD$660,000.

"This eliminates any and all option overhang on the Company," commented Adam Benowitz, Chief Investment Officer of Vision Capital Advisors.

[ppowerscourt] 22/2/2010 19:33

Good show! Back to almost ATH.

[andrbea] 18/2/2010 07:52

With Europe and America in dire straits still, China seems the investing bet and the place to be

eg stocks like voc, cmsh and cgop

article today:

2010/02/18


SYDNEY: China's economy will continue to grow for "some decades", a top Australian central bank official said Thursday, as he tried to ease fears over possible overheating.
Phillip Lowe, the Reserve Bank of Australia's assistant governor of economics, said it was a "bit of a stretch" by some to claim that the urbanisation that had driven much of China's boom had reached its peak.



"I am quite optimistic that story has some decades to run and that underlies much of the positives for the Australian economy," Lowe told an economic development forum in Sydney

[rrr] 10/2/2010 13:59

Thanks for that. About a 25% discount on NAV.

[andrbea] 10/2/2010 13:48

rns of the 8th inst
gives unaudited NAV per Ordinary
Share of US$2.294

compares well (upside) to current 1.72 SP

nia dyor