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China Gerui Advanced Materials Message Board

  • frankray.9785 frankray.9785 Jan 22, 2013 3:04 PM Flag

    For chop to go up long term the following has to happen

    They have to build a very good balanced export business, mainly with telecom foreign companies. It is imperative that their new product initiatives, these new products must be very distanced from commodity type products. These new products must garner a much higher Gross Profit. Iron ore prices must not tumble below 85 dollars again as it did in September 2012 within the next three years so Chop can execute on the aforementioned points.

    Most analysts predict 90 dollars iron ore in a few years, my opinion is if the EU and Greece get their act together and the US can start to show robust growth the infrastructure budgets for these countries and the BRIC countries as well as smaller emerging developing countries will keep Iron ore prices closer to 160 dollars and not 90 dollars.

    YES GUYS the company will come out with a pre-earnings report now that their are very goods numberrs to report for Q4 based on a much higher Iron Ore Price and HRC price that guide the CRC price in the land of the PRC.........

    I have been buying from a low of 1.13 up to buying 4,000 shares today........

    Sentiment: Strong Buy

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