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
MTX
metals exploration limited.
gearing up for action
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