poor market situation and economic slowdown in China
King Stone Energy, A coal Mine in innter Mongolia:
"The board of directors (‘‘Directors’’) of the Company (the ‘‘Board’’) wishes to inform the shareholders and
potential investors of the Company that based on preliminary review of the unaudited management accounts
of the Group, it is expected the Group will record a loss for the six months ended 30 June 2013 as a result of
poor market situation and economic slowdown in China during the reporting period. However, the loss may
be less than the loss reported in the corresponding period of 2012 depending on whether any impairment loss
will be made on the mining rights and other assets of the Group after further assessment"
You're full of #$%$ again. Because most apples are rotten, does not mean all are. Lee's forte has been to be patient, buy wisely and grow prudently. Generalizing from a hand full of companies whose CEO's who benefited economically by building company pyramids on shareholders dollars means nothing. Did you mention Shenhua's latest results? Nope. You're intentionally ignorant as usual.