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CHINA SHEN ZHOU MNG Message Board

  • be_patinet be_patinet Feb 22, 2008 10:48 PM Flag

    KUN, RCH, and SHZ

    Before you jump in, look at KUN and RCH. We may argue that history may not repeat itself. But, this is the trick played by Wall Street more than once, especially for those small companies.

    Good luck to all.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • But, this is the trick played by Wall Street more than once, especially for those small companies.

      BRAVO!thanks man.

    • Looking back, I am wondering where are those who pumped the SHZ so hard for whatever reasons. Now, does anyone believe that the same trick is played by someone?

    • First KUN and RCH are not relevant. They are in completely different industries. You have to do your own DD on the company.

      Besides KUN and RCH look like very interesting companies. Thanks to you I'm doing more DD on them.

      What happens a year down the road when KUN and RCH are trading above their highs, what will be your argument then? Is SHZ a buy then?

      SHZ is a mining company with huge reserves. If you read their most recent report by SRK Consulting (http://www.srk.com/) you will find out why the company is STILL UNDERVALUED and I MEAN WAY UNDERVALUED.

      3 million Ounces of Gold is estimated to be at their mine in Kyrgyzstan.

      3million x $900 = $2.7 Billion USD

      give this a 75% discount and we still have a value of $675 million USD. This does not include any of their Copper, zinc, or Flourite mines and operations.

      You understand what you are dealing with here? Someone obviously does that's why it traded half a million shares yesterday.

      Make a better arguement for why you doubt the company and I'm willing to learn from it.

      • 3 Replies to golfiscool_2
      • I didn't see any consulting report on them at the website that you gave a link to.

        In fact, I haven't been able to get any meaningful information anywhere. For all I know, it is just a bogus company with a pretty website.

        Do you have any links to actual cash flows or confirmed deposits?

      • Regarding your question, check their SEC filing. It is true that the purchase of Kyrgyzstan has large reserve. However, ask yourself, why it was sold at such a low price (20M when SHZ bought it last year).

      • I heard the similar argument when people jumped in KUN and RCH. Check the old messages from their message board.

        Again and again, people always think this time it will be different. However, they are similar one way or the other.

        Just ask yourself, why are you buying? When the price was 2.50, the daily volume was around 3000 shares per day. Two days ago, when the price was around 4.00, the volume was around 30,000. And now, when it becomes more and more expensive, people start to jump in.

        The only hope that you can make money is to wish someone will pay even higher price. This is not investing, it is wishing.



        Good luck.

 
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