Seems AOH has been hit by the Communist Party's hit on off shore transactions and investments under the new currency and FEX controls.State companies in particular have been under the thumb of the Party regulators as part of the Party's moves to prop up the currency and stem the exodus of Chinese moving funds off shore .Total debts in the People's paradise now equal 250 % of China's GDP ..the Party wants to stop the sucking off of liquidity inside China to prevent their massive bubble from popping .. the Party is scrutinising all deals involving foreign investment.The state companies like the one AOH are in bed with are prime targets for the new regulatory fervour to prevent China's stockpile of foreign exchange reserves from tanking further - now down from 4.1 trillion $$ in 2014 to 3.12 trillion in October 2016 . Plan B anyone ? Meanwhile check out the copper - gold bonanza in Eqaudaor ..the Brisbane boys at SolGold have hit the jack pot ... AIM ( London ) SOLG ticker ... up from 3 quid to over 24 quid in a few months ...
AOH Price at posting:
13.0¢ Sentiment: Sell Disclosure: Not Held
