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China Natural Resources (CHNR) |
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China Natural Resources (CHNR) |
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| AUTHOR:
asalvador |
RANK:
Top Return  |
DATE:
Apr 26, 2006 |
PAST
RANK:    |
China Natural Resources, Inc. (CHNR) is at risk of being delisted by NASDAQ which charges the company violated Marketplace Rule 4340(a), reverse merger, after its acquisition of Feishang Mining Holdings Limited. CHNR is appealing and has re-submitted application for continued listing.
The stock has been beneficial to one of my Mfunds where it returned 100%+ capital appreciation after which I sold one-half of holdings. The remaining shares currently are at 127.60% return. The steep uptrend of this stock was interrupted by the news of potential delisting by NASDAQ.
What usually happens to stocks after delisting? How does delisting affect the stock price? Does the market place much weight on delisting and ignore the underlying business; its potential market and profitability?
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| AUTHOR:
jmurphy2 |
RANK:
Top Quartile |
DATE:
Apr 27, 2006 |
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RANK: |
| delisting is the "kiss of death" and will last for approx. 2 mos. after re-listing if everything is covered in their filings. good luck |
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| AUTHOR:
asalvador |
RANK:
Top Return |
DATE:
May 29, 2007 |
| PAST
RANK: |
I made great gains in CHNR over a year ago. I'm considering repurchase for long term hold due to potential internal growth and the growth of the Chinese economy. What do you think?
China Natural Resources, Inc. engages in mining zinc, iron, and other minerals for distribution in the People?s Republic of China. It owns mining rights in two mines, The Yang Chong mine and the Zao Yun mine located in Wuhu City, Anhui Province, the People?s Republic of China. The Yang Chong mine contains iron and zinc minerals and has a total mining area of 0.186 square kilometers. The Zao Yun Mine contains iron minerals and has a total mining area of 0.0136 square kilometers. The company was incorporated in 2004 and is headquartered in Sheung Wan, Hong Kong.
Audited consolidated financial statements:
http://biz.yahoo.com/prnews/070502/clw106.html?.v=17&printer=1 |
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