Ambi, I agree with you. I'd like to see a bit more substance and a lot less hype. IMO the Chinese market can be tough to establish and this LOI is just one of the first steps. I'd also be a bit more confident once a signed contract is in place that includes clear objectives. It sounds to me as if the company we are partnering with is not yet established for our types of production or exposure purposes. I also have my own imagination in picturing the kind of Chinese offices we now have in place. I had previously believed that the last ANN related to the European or Canadian trade, but I now expect that it may also relate to planning ahead re this Chinese deal.
I guess the market is gearing up for the future prospects, but I find it difficult to believe that the sudden price rise to this extent can be sustained based on this info alone, and my guess is that we are in for a price correction very soon. Strange times.
DYOR GLTAH
CPH Price at posting:
$1.25 Sentiment: None Disclosure: Held
