tiaro coal coal trading with qinfa

This company is so undervalued all it needs is a bit of promotion and this stock will go back to its highs. ( over $1 )

One of the stated objectives of the relationship with QINFA was the establishment of a coal trading operation.
This objective has moved one step closer with the signing of a Memorandum of Understanding (MOU) with
Yuen Hoi Ltd (Yuen Hoi), a wholly owned subsidiary of QINFA.
Tiaro CEO Peter Meers says, QINFA is a leading coal operator in China whose business includes purchase and
sales, filtering, blending, storage, transportation and shipping of coal. Our association with QINFA will enable
Tiaro to develop a new bulk minerals trading business with a focus on coal and other bulk commodities.
The MOU provides that Tiaro and Yuen Hoi form a joint venture company for the sole purpose of engaging in
coal and other bulk minerals trading and export activities in Australia. Australian Minerals Trading Pty Limited
(AME) is being incorporated for this purpose; Tiaro and Yuen Hoi each will hold 50%.
Under the MOU, QINFA will have the exclusive right to cooperate with AME on China focused exports.
Peter Meers says, The new coal and bulk commodity trading venture is synergic to Tiaros coal exploration
activities: identifying commercially viable coal deposits with the potential to produce metallurgical (coking, PCI)
coals from the Tiaro Coal Measures located in south-eastern Queensland.