re: Ann: CAP and Pure Metals agree new JV to ...
For those who wish to know more about the man behind ASI, Silvergate and Pure Metals and its deal with CAP may like to take a look at the updated announcement concerning a Dejin Resources Limited 2012 Annual Report.
Just to note a few headline items the gross revenue for 2012 was only HK$ 35,881,000 while the administration costs alone for running the company was HK$ 47,878,000.
Significantly more that the total revenue.
Perhaps this explain why Dejin shares are only HK$ 0.29 today down from a peak of over a $1.00 in 2010.
This price of 29 cents (HK$) is after a 40:1 consolidation of shares in 2012 and 2013 which could be argued equates to a equivalent value of less than a one cent per share today.
The announcement also warns that Dejin Resources may fail which under Australian rules it most probably would have done so already.
CAP Price at posting:
27.7¢ Sentiment: None Disclosure: Not Held
