I would also like to talk with Amalisia, but she's not coming to Perth.
Wuxian have a good relationship with Unionpay, and the POS is coming, but I expect a brief delay or two might happen, for no other reason than I.T. apps always take longer than estimated. It's standard practice, and I've seen this in my field for 25 years. Sometimes the delay is to build additional functionality that makes the app even better. And yet, they definitely wouldn't have hired the new CFO if POS was not full steam ahead, so it's all good with POS.
Ofpay is a very profitable business, I can see why they bought it.
Amalisia and her backers obviously have a very well thought out plan to make themselves billions, which is ok, because we can ride the wave along (when it really begins). IMHO Wuxian will be back to it's old share price at some stage, and probably a bit more. It just takes time, as they line everything up.
And I see that China is ramping back up. Article today by Treadgold. Looks like it's game on again. The Chinese are buying gold again, like there is no tomorrow. The Perth mint recorded it's biggest profit in ages, and most of it from Chinese buyers, they just love gold, and are actually quite fanatical about it, which is why they never tell anyone how much they have stashed away, it would be a huge surprise.
When the world is broke, and in recession, and destroyed by huge piles of accumulated debt, and because of this, gold is at US$5,000 an oz, and Western countries have sold most of their gold like the British did under Gordon Brown (idiot), the Chinese will pop up one day and tell everyone how much gold they have, and it will shock the economic world to it's core, and they will become the new (and possibly the only) global superpower.
In any event, it's all good for 99 Wuxian.
Chinese growth engine fires back up
If there was any doubt about what keeps China’s leaders awake at night it was obvious last week, it’s the prospect of social unrest in a population of 1.2 billion – which is why the world’s mining industry has been boosted....
Tim Treadgold | March 21, 2016
Gw
NNW Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
