Baotou "Net profit fell 56 percent year-on-year to 1.51 billion yuan ($240 million) last year. Revenue fell 19 percent to 9.24 billion yuan as a result of continuous low demand in the rare-earth market and a drop in prices. The company is planning on revenue of 7.5 billion yuan in 2013".
Average 2012 RE prices drop 50% compared to 2011.
Baotou profit fell 56%
Jan 2013 prices are 50% less than 2012 average price, what is Baotou profit going to be at current prices?
***Chinese rare earth firm to form mega company***
"...Under the agreements, the 12 firms and their shareholders will transfer 51 percent of the companies' combined equity to REHT for free..."
If the 12 firms are making good profits at Jan 2013 prices will the transfer be "for free"?
Baotou "Net profit fell 56 percent year-on-year to 1.51 billion...
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