$246K in Extra Revenue Announced by CRJI...Heading Towards 52-Week High
China Runji Cement Inc. (OTCBB: CRJI) had a MAJOR announcement today before the market opened...and traders have yet to react to the news!
Specifically, CRJI benefited from the Chinese Rural Economy Stimulus Policy in 2010, where the Company's selling price of cement clinker has increased $1.46 per ton in January, 2010, representing extra monthly revenue of $245,973.
Annualized, that would be almost $3 Million in extra yearly revenue!
?Citizens living in rural areas will receive allowance from local provincial government to construct new houses to have better housing conditions. In China, there are over 900 million people living in villages. With the implementation of the policy, it is believed that the village architectural market demand for cement and other architectural materials will grow substantially with more and more village people constructing new houses with government allowance in 2010.
As a result of the policy, the Company's cement clinker selling price increased $1.46 per ton in January 2010, which represents extra revenue of $8,199 per day and $245,973 per month.
"Thanks to the rural stimulus policy our sales volume and prices both increased in this low season, we have even decided to maintain production during the long holiday of China New Year in February to meet the growing demand," commented Mr. Zhao Shouren, the Chairman and CEO of CRJI.
"Rural market of China is becoming one of our most important markets in the future. We expect our cement sales volume to rural market will be much higher in the next several years. Our marketing department has adjusted new strategies and initiatives to capture the rural market, so as to create more value for our shareholder and investors."
---------------------------------------
Not much trading has occured this week, so (1) the resistance could be light and (2) a move to the upside could be in store...especially after announcing that almost a a quarter million dollars in extra revenue was captured.
Check out the chart for a quick summary of the technicals...
Below is a shorter summary of the CRJI chart...
Watch CRJI trade as early entrants could be at the forefront strong upward move!
Best Regards,
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. ****************************************************************************************************************** The disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE WELL: The PennyStockPickAlert employees are not Registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://www.pennystockpickalert.com/disclaimer Release of Liability: Through use of this website viewing or using you agree to hold PennyStockPickAlert, its operators owners and employees harmless and to compltely release them from any and all liability due to any and all loss (monetary or otherwise), damage
(monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. PennyStockPickAlert's affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. PennyStockPickAlert encourages readers and investors to supplement the information in these reports with independent research and other pro advice. PennyStockPickAlert has been compensated thirty thousand dollars for a two week investor awareness marketing program by a third party Level Up Industries for CRJI and is in negotiations for an additional eighty thousand dollars. All information on featured companies is provided by the companies profiled, or is
available from public sources and PennyStockPickAlert makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to or sell any securities. Any claims or Statements should be deemed apocryphal. PennyStockPickAlert, nor any of its affiliates are not registered investment advisors or a broker dealers.
|
|