Funny to see the new Chairman clearly working his new role as...

Funny to see the new Chairman clearly working his new role as the new puppet of spin for the chinese at work today. Mines Dept shutting the mine for safety reasons while simultaneously telling us what a great month we had, how does one keep a straight face while spuing this rehotric. For the DME to close a mine at the risk of 300 people losing their jobs, one thing is for certain there must be some serious violations that have occurred and since "Safety" is not really in the vocabulary of the Chinese dictionary, They simple re-label it as collateral damage.

I think we have all come to the conclusion that the whole process plant is a failure in being able to run at a sustainable level due poor workmanship, poor products, poor wearing materials, low grade steel, poor design and poor management. I noticed that the management page on the CDU website now has been totally removed.

So where are we as of now! $150m debt, $20m of product to be made for Mitsui, costs out of control, now no plant running and shut down by the mines dept which means only costs will continue with no revenue. Please Top up the cash from Mr money bags Oceanwide. I think Mr Oceanwide is starting to think that he may have backed the wrong horse on this one. I can only assume when he put his money in he didn't think there would be a Chinese man who is a salesman for the steel company with no experience being the CEO of his company. I truly believe  this Mr Jiang is batting way above his average & now in way over his head and today most likely curled up in a corner of a room in the fetal position. This could be the start of a whole new slew of safety concerns arising in the future with this chinese guy by looking at what he already built.