Pangang listed separately to Ansteel but under the same umbrella, a market cap slightly lower than Ansteel. Looks as though will be amalgamated into one company and it has been on the agenda for a while. One article expressed that it has now been approved but there are so many older similar articles which just could have been a reproduction. I am not in Shanghai. Will be quite a company at some stage…….
Pangang was caught up in the purchase of stolen property originating from Dupont. A white pigment for paint. Is older news by the look, maybe a year, but sentencing still is occurring just now. A while back a judge dismissed claims against Pangang so the rise isn’t likely that. In recent weeks Pangang has claimed they will invest x in Nigeria. I don't believe these are the reasons for the 10% spike.
It is not coincidental that GBG went to a trading halt right at the very last hour of releasing the quarterly. If the mine is valued today at x less loans and they have x in cash, is that enough to lift the share price?
Yacheng, would you find where it says all the shipments were DSO?
Pangang listed separately to Ansteel but under the same...
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