
Shd go back above 13.5cts by end today, ready for next move toward 17.5cts.
think2profit ( Date: 14-Jan-2013 10:38) Posted:
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TA is strong and once it cross 13.5cts, next tgt shall be 17.5cts, to be sustained by price increase in steel moving forward since China is embarking on building 30million houses...
Vrooommm....
Does not need too high volume to move up since total share is only about 800million if im not wrong..
peripheral ( Date: 13-Jan-2013 10:54) Posted:
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But the volume also not very high leh, considering it's a penny.
From below, Longwei Metal is loss making, can sapphire make it after acquire it? Why can Sapphire do so?
The 2 acquisitions can go either way. Seem not so rosy for Sapphire......
LONGWEI METAL
Acquisition of Longwei Metal Product Co. for RMB152 million at its revalued net asset value.
Sapphire said with vendor support, the interest cost is only 3% (about half of the China banks' rates).
The acquisition will enable Sapphire to immediately offer up to 200,000 tonnes a year of cold rolled coil steel production.
The business is located in Chengdu, a distribution hub and gateway for major industries in the southwest region.
The business was loss-making last year but Sapphire aims to restructure it and, ultimately, to upgrade Longwei's auxillary assets to produce silicon steel.
Am trying to know more.....
Quote from iwonder:
Sapphire which is an integrated steel production business, right from iron ore to steel with vanadium
 
Can I know what ion ore business Sapphire has?
Reading this thread, seems all just say sapphire will move up without any reasons.....I am interested in sapphire but I don't see any catalyst at this moment......
I believe sapphire buy china vtm at a very high price.....what happen now when china vtm is going to delist at a offer price of HK$1.93
Can anyone please enlgihten?
iwonder ( Date: 09-Jan-2013 12:28) Posted:
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I would be more than happy if it can hit 20c. :)
Hulumas ( Date: 11-Jan-2013 19:56) Posted:
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Good point.. Hope fund will be diverted here.. This counter lag behind too much during this period of penny surge..
iwonder ( Date: 12-Jan-2013 13:34) Posted:
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Yes, it goes without saying!
peripheral ( Date: 11-Jan-2013 22:10) Posted:
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If everyone thinks that it will go up...there is only one way...UP !
It is a self fulfilling prophecy !  If you pray, then it will rocket to the sky !!
Additional property cooling measures is good for stock market, except for property counters.
Most of  the money will be diverted from property investment to stock market looking for laggards
with potential and international exposure.
Well,  Sapphire seems to be the potential candidate


jack31 ( Date: 11-Jan-2013 22:28) Posted:
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Shd go up this monday..
Vested at 0.128.
Pray pray.. Ah mi to fo..
Vested at 0.128.
Pray pray.. Ah mi to fo..
peripheral ( Date: 11-Jan-2013 22:10) Posted:
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Sapphire is up today during last hour. More potential for upside on monday?
Everyone enjoying.... I hope... lol
There you are, there you are, I said short term uptrend to Sgd. 0.38 will not be excessive, will it?
jack31 ( Date: 11-Jan-2013 18:23) Posted:
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Hopefully monday will cheong.. Last 30min from 0.123 buy up till 0.136.. Pray for the best.
What happen...last 30 min surge ? Any news?
jack31 ( Date: 11-Jan-2013 16:55) Posted:
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Last 30min sudden surge..
Really ?
Hope that day will come sooner ! Cheers !
Hulumas ( Date: 09-Jan-2013 15:09) Posted:
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I agreed it can happen.....