Category: Money tips Release Date: 2006-08-02
Source: East China Sea stock
The latest news, the London Metal Exchange (LME) zinc and other metals rose strongly again Tuesday, setting a record high! Disk observed through recent market is the largest group in both gold Niugu Lingnan, Jiangxi Copper, represented by a group of non-ferrous metal stocks, commodities bull market prior to the thesis that Rogers continue to set up. Can continue to focus on non-ferrous metals or relatively backward species. If 600,547 Shandong gold, gold stocks first, was optimistic about the major institutions, the recent private placement price of as high as 24.93 yuan, the short median line is expected to start again with the non-ferrous metal plate.
Resources can be expected to grow
Company is the first state supported 300 key large state-owned enterprises, the only gold producer, has formed a gold production, refining and gold jewelry processing, production and marketing one-stop system, the national gold the most complete industrial chain. Company now maintains more than 40 tons of gold reserves, gold mines in the country among the best kind, the company's mining, ore, smelting technology are also a leading domestic level. At present the main production and operation of Metro is a gold mine with mining, dressing, smelting production capacity of large-scale two file mining, geological reserves have been proven to maintain the annual calculation of 412.5 thousand tons of ore mined can be 16 years with an annual output of gold 10 10000 2. As a fund-raising to invest in the project, the Company acquired Jiaojia gold, the tenure of gold reserves will be expanded to 70 tons, long-term reserves of 200 tons. Of the company, located in the domestic gold-rich region, has a good prospecting and sustainable development capacity, the future is very promising. These two gold mines in Shandong Gold is truly a "Gold Mountain", along with 100% sales rate, sufficient to guarantee the company a stable source of profit for the next few years.
A broad application prospect of increased market demand for
From a global point of view, gold production began to decline, South Africa and other major gold producing countries of the lack of investment funds to allow the troubled difficult for enterprises to resume production in the short term, coupled with some developed countries to protect mineral resources from the point of view, to reduce the exploitation of gold, which led to the supply of gold does not meet the growing industrial and personal consumption of the huge demand for gold. Gold deposit in nature, attached to a small, difficult mining, combined with its own unique ductility, oxidation resistance, physical and chemical properties and other characteristics of gold as a special commodity. With the nano-technology, the industrial value of gold is increasing. From the scientific point of view, because gold has a high temperature, corrosion resistance and other properties, so in aerospace, aviation industry has also been widely used. After the Cold War, gold mining from developed to developing countries, developing countries gold mining is recovering. Relevant statistical data also shows that the global gold industry in Asia is increasingly becoming a major consumer market, while China has ranked the world's third-largest gold consuming country and the fourth largest producer, a huge potential demand. Directional issuance prospects
In 2006 the company developed to the issuance of not more than 100 million A shares, of which Shandong Gold Group, gold warehouse with their own mining, exquisite gold, Sanshandao gold, Yinan Gold Corporation, including gold and gold Pingdu main assets, according to SASAC to finalize the assessment of the value of the subscription price is not lower than the present 50% of the total number of issued shares, issue price of not less than 24.93 yuan / share. Upon completion of this issuance, the company will increase the gold resource reserves of about 88 tons, the annual gold production increased by about 8234 kilograms. If this issue can be completed by the end of October 2006, on the assumption that the average price of gold sales to 160 yuan / gram, under the premise, expected the company in 2006, will increase in 2007 net profit of about 41.86 million yuan, 251.15 million yuan, the company profitability will increase dramatically.
Secondary market in 2006, three quarterly shows that the circulation of the top ten shareholders of both institutions, the total shares held by 2550, accounting for Liu Tongpan 34%, with China Life 2 Swiss bank accounts and QFII-holding were not changed the number of . This phenomenon indicates that the main are very positive about large growth stock, the stock short-term moving averages system intact by Zhaojin Mining upcoming positive impact is expected to continue upside, it is recommended close attention.
