Yeah, their response was change of Auditor and buy up a marble mine. They cant even run the 3 mines at full capacity and now they are want to purchase a marble mine.
What amazes me is that they keep buying new mines and not made any big money on it. They should have bought shares and reduce the outstanding shares in the open market. At least this will be above a $ 1.00
I think the price of the marble mine is a bit high for only 43 hectares. I can sell him a cheaper mine for the same size.
Oh boy!!! Seems someone got spanked badly yesterday. Another mine buyout this year will put this in the $ 2 range or either they buy all the shares below $ 2. Keep the float at 70 million shares.
If you have invested in this scam you are better off giving that money to me.
I have previously said in this message board that I will construct a Ferrochrome plant. Guess what? I met with a very high official 2 days ago from another country and ask him if I can construct a Ferrochrome plant in their area. I have his approval.
This company can not report their earnings for just one quarter but Wu has all the time to do an IPO. It seems strange to me.
I told Rick last year that I am willing to help Qiao Xing obtain one of the largest nickel mine in the world. Good thing he did not respond. Otherwise, Wu will be the only one that will be rich.
Now, my plant will be around 5 tons per hour. I plan to go it alone, since I can fund it myself. If there are areas that I can help some of you make money I will let you know.
This stock market is all a scam. We have been saving 3K a month and planning to make it 6K/month. We put it all in 401K and IRA, only to disappear.
The board of XING is not wealthy and what would a normal person do if they suddenly found wealth in their hands? They will enrich themselves. The BOD in America is at least establish, net worth at least a million dollars for average mining companies. So no need to be rich but what would you do if you are a board of director that is paid $ 6,000 a year?
They will dillute this to the death similar to NWD.
Wu can improve the stock of XING just by buying all the shares below $ 2.00. Making sure that all OS will be around 60-70M.
Yes, the wages are correct. In fact at $ 7 a day, they will be thankful for me because that is the wage of an engineer. I can pay them $ 4 a day for ordinary labor. Nobody will give benefits there.
The officials there are my friends, from the highest position down to the lowest one.
Bipolar, no, there would be no environmental concerns. Im planning a simple smelter of 3 tons an hour. Im not sure how much EAF cost. If the whole plant will cost me around $ 120,000 then I could make a lot of money.
Raw materials: $ 80/ton
Electricity: $ 0.13 cents per kilowatt
Electric usage: 4000 kilowatts per ton
Current price of ferrochrome: $ 1.10 per pound
A. )Gross sales: 25 MT per 1 x20' FCL x 0.80 cents per lb = $ 44,000
Production Cost: (0.13 x 4000)+ 80 raw mat = $ 600 per ton
Ferrochrome Cost= $ 600/ ton x 25 MT in 1 x20' FCL = $ 15,000
Wages: 8 persons x 1 day x 7 = $ 56/day
Packaging: USD $ 500 per 1 x 20' FCL
Shipping: USD 950 per 1 x 20' FCL
Contingencies: $ 3000 per shipment
Gross sales - expenses per shipment = profit
$ 44,000 - 19,506 = $ 24,494 per shipment or 24 hours operation
Let me know if you see any loop hole in my calculation.
Im planning to put a small electric arc furnace 3 tons an hour for ferrochrome production. Does anybody here have a small idea how to set it up?
My raw materials will be lumpy and sandy CR2O3: 36-42%. I think the price of ferrochrome is $ 1.10 per pound.
Any knowledgeable person?
I got mine but the same response. It seems she is only a clerk not a PR specialist.
If her job is forwarding emails that is a clerk's job.
I looked at the photos provided by Yodee. It seems most of the structural aspects of the building is done. The expensive portion is the finishing touches.
I would say another year before this would be completed.
I think they want want him to work there. They want to know how Wu do his tricks and apply it in their company.