Have you guys seen this article as well? Poorly written
No company in Australia to exploit bauxite
15:22:07 | 23/12/2009
Atlantic Co. Ltd, based in West Perth (Australia) has been involved impersonating exploit bauxite project in Vietnam to save stock. After this information, the company's shares have soared to 19.35%.
Atlantic Co. Ltd announced recently signed MOU with the Vietnamese side to join projects bauxite exploitation and infrastructure construction comes in highland.
Your own website, the company automatically receive "Atlantic is the preferred partner to develop bauxite for the Government of VietnamAnd bauxite project in Lam Dong is one of the key projects of the Atlantic Ltd..
After the feasibility study, Atlantic will be able to join alumina processing not just exploiting the optical and build the railway connection with bauxite mine.
Atlantic also "open face" the possibility of formal agreement will be signed in first half 2010.
Once this information is released, the stock Atlantic immediately to the rising 19.35%. While, the past financial year, this company is to be the loss.
However, coal corporation and Minerals (TKV) - unit of the Government of Viet Nam is assigned as the joint projects bauxite Highlands has officially denied this information.
Answer Skip, TKV representative said that the information on completely not true. The Vietnam has never signed any memorandum which the Atlantic Ltd..
Source: BBC's own, earlier, Atlantic Co. Ltd has repeatedly sought access to bauxite project through intermediaries. However, TKV not accept because the actual capacity of the Atlantic are not eligible.
Move end of Atlantic related to bauxite project is to send a letter "offering" to TKV but declined.
Comments on the Atlantic Ltd impersonating involved projects bauxite exploitation and infrastructure construction comes in highland, an official concerned said that they want to make may cause share prices are pushing the momentum slip ramp.
Source: Phan Hung - BBC
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