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CRRC ADR CRCCY

Crrc Corp Ltd is a China-based company principally engaged in the manufacture and sale of rail transit equipment. The Company's main businesses include railway equipment business, urban rail and urban infrastructure business, new industry business and modern service business. The railway equipment business mainly includes locomotive business, motor train unit and passenger car business, freight car business and rail construction machinery business. The urban rail and urban infrastructure business mainly includes urban rail vehicles, general contracting of urban rail projects and general contracting of other projects. The new industry business mainly includes electromechanical business and emerging industry business. The modern service business mainly includes financial business, logistics, trade business and other businesses.


OTCPK:CRCCY - Post by User

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Post by archimedes0070on Dec 16, 2010 12:34pm
317 Views
Post# 17856647

Quiet?

Quiet?M139,

Please explain what you mean by "quiet"?  Do you mean: 1) low trading volumes?; 2) quiet boards?

CJO trades predominantly on the ASX (AU:CJO) and traded > 3m shares a few days ago after the short halt.

Also, a name change, or any other regulatory matter, takes time because of the regulatory process (paperwork); it is what it is, and does not have any relevance to the company.  Nevertheless, it would be prudent to pick a name and stick with it (unless you are an "artist formerly known as...").  Then again, they were wise to name it "Cerro", as it is named after their Cerro del Gallo gold-silver-copper deposit which they are bringing to production.  Hopefully, they will stick with the name "Cerro".

Cerro has (M&I&I Resources of) ~4.5moz Au, ~1.09blb Cu, ~163moz Ag.

MC ~72m.

Cheap, not to mention any further expansion of the above resources, or increases in commodity prices.

All around, CJO has a bright future.  They have some new management, a completely reorganized company, and they just announced a private placement in Australia, which will bring some new investors, and likely some new institutional interest (which explains the large volume recently).

The next step is the feasibility study.

They indicated a ~USD415/oz production cost "base case".

Again, don't forget to look at the AU:CJO quote as well.

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