On 3 May 2007 Jinchuan, a chinese company, invested $32 million at 28 cents per share. On 13 April 2007 J.P. Morgan Chase increased its holdings to 6.27%. The company's shares spiked to 42 cents in May 2007. In late May three directors tipped in $375k each into shares in the company. The company experienced a 63.4% in growth in the last financial year..
Have a look at the company's website and ASX announcements.
It is sitting one one of the largest deosits of tin in the world. It just a matter of time before some chinese company wakes up to this and decides to make a play. The price of tin is good at the moment. I suspect this one is a steady but gentle riser.
It ois worth an investment in my opinion but dop your own reaearch and do not rely on my opinion.
DYOR
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