Fundamentally, looks terrible yet the stock price keeps inching up.
...the Company expects to report a wider loss for 3Q 2012 due to:
1. Substantial increase in currency translation loss from the deposit paid for the acquisition
of 54.42% of equity interest in Zuoquan Xinrui Metallurgy Mine Co., Ltd which is
denominated in RMB, due to weakening in RMB.
2. Decrease in revenue due to the the inadequacy of suitable credit facilities held by the
Group.
Full details of the Groupâs financial results for 3Q 2012 will be disclosed with the announcement
of its unaudited consolidated financial statements on November 14, 2012.