Been moving up from 20 to 50, then good preliminary news from SRK, supposed to have the final SRK report soon based on prior PR, and now its going down from 50 to 37 when good news is meant to be coming soon? Just does not make any sense to me. Opinions?
Item 1.01 Entry into a Material Definitive Agreement.
On December 28, 2012, China Shen Zhou Mining & Resources, Inc. (the "Company") entered into an supplementary agreement (the "Supplement") to that certain Equity Transfer Agreement (the "ETA"), dated as of January 13, 2011 (previously filed by the Company on a Current Report on Form 8-K dated January 14, 2011.
Pursuant to the terms of the Supplement, Mr. Jia Xiangfu and Ms. Chen Qiaoling, collectively referred to as "Party A" therein, waived their preferential claim to any profits on ores above 500,000 tons of Xinyi Fluorite Company Limited for cash consideration of around USD 4.8 million from Xingzhen Mining Co. Ltd, a subsidiary of the Company. After execution of the Supplement, all stake holders' claims to Xinyi's profit will be solely based on their equity share of Xinyi.
thats a very big sign that the SRK news will be terrific!
I agree. I have seen too many times this happen. Take out all the weak hands and stop losses. Then in a blink of an eye it opens over the previous high (.51). The only issue that can take it down significantly is if the SRK report is negative. If that was leaked out at all, the volume would be much higher. I started buying at .24.
no way it is negative. a preliminary report was very positive as SRK classified it as "large scale mine" and last week SEC filing gave you a hint that its over 500,000tn since SHZ paid off the two shareholders for their share of future profits on production over 500,000tn