• Zene
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31 Jul 2012 18:01 #10131 by Zene
Replied by Zene on topic Re:MIDAS HOLDINGS
Thanks Zen for the quick news. It is why the stock is touching 37 cents currently. To break thru 40-c level, Midas needs to clinch high-speed train contracts. Hang on for the ride up!
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31 Jul 2012 20:17 #10136 by ZEN
31 july 2012
China will hike railway spending by 64 billion yuan ($10 billion) to 580 billion yuan in 2012, the Ministry of Railways said, updating an investment plan published earlier this month. 
The 12.4 percent increase from an initial 516 billion yuan of planned spending will see about 470 billion yuan spent on infrastructure, a rise of 15.8 percent from the original July 3 plan, according to a bond prospectus issued on www.chinabond.com.cn the government's bond issuance website.
The increase comes as Beijing has made a priority of fast-tracking of infrastructure projects to support a slowing economy - dented by deteriorating demand from debt-ridden Europe and lacklustre U.S. consumers - that is on course for its slowest full year of growth since 1999.
The government said on Monday it would make investments in key projects in a bid to encourage private sector finance to play a greater role in developing vital industry sectors including railways, utilities, finance and healthcare.
The announcement, made after a regular cabinet meeting, follows rules issued by China's top economic planning agency - the National Development and Reform Commission (NDRC) - to open up strategic industries presently dominated by state-owned companies to the private sector
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31 Jul 2012 21:18 #10138 by ZEN
confirming my prediction yesterday . a new breakthrough today

[ZEN 30-07-2012]:

accumulation phase abit too long already . Isn't it time for next rally ..
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04 Aug 2012 00:42 - 04 Aug 2012 00:43 #10175 by ZEN
will MIDAS follow thru , for a breakout above 40c as the result date draws nearer on 14th aug
Last edit: 04 Aug 2012 00:43 by ZEN.
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05 Aug 2012 23:33 #10200 by ZEN
red hot rally tomorrow .....
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08 Aug 2012 15:00 #10246 by ZEN
dividend coming again for this next result
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