WKN A1W2Y5 Wann kommt der Durchbruch?
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http://thedailyrover.com/...ngs-inc-short-interest-increases-by-48-8/
Unregistered Sale of Equity Securities, Financial Statements and Exhi
Item 3.02 Unregistered Sales of Equity Securities.
From time to time Mr. Kexuan Yao, the Chairman and Chief Executive Officer of Armco Metals Holdings, Inc., has lent us funds for working capital purposes. These advances, which totaled $976,366 at June 9, 2015, were unsecured, non-interest bearing and due on demand. On June 9, 2015 we entered into a Loan Agreement with Mr. Yao memorializing this obligation and the Audit Committee of our Board of Directors approved the conversion of this obligation into shares of our common stock at a conversion price of $1.50 per share. We expect that Mr. Yao will convert the entire amount of the obligation into an aggregate of 650,910 shares of our common stock in full satisfaction of this obligation immediately following the approval of the Listing of Additional Shares by NYSE Regulation, Inc. The issuance to Mr. Yao, an accredited investor, will be exempt from registration under the Securities Act of 1933, as amended, in reliance on an exemption provided by Section 3(a)(9) of that act. Following this expected issuance, Mr. Yao will own approximately 24.69% of our outstanding common stock.
http://biz.yahoo.com/e/150616/amco8-k.html
http://finance.yahoo.com/news/...s-announces-financial-210000181.html
The worlds biggest producers of iron ore have a problem, and it lies in the steel that has already gone into Chinas cars, bridges and skyscrapers.
Over the past decade, China has accumulated more steel than any other economy in the world. And because steel can be endlessly recycled, the countrys steelmakers are likely to turn increasingly to scrap instead of the iron ore mined by the likes of BHP Billiton, Rio Tinto and Anglo American.
BHP Billiton, the worlds biggest miner, yesterday lowered its long-run forecast for peak China steel demand to between 935 million and 985 million tonnes from one billion to 1.1 billion tonnes. Chinas annual production is currently at about 800 million tonnes.
This historic glut of Chinese steel, and concerns over the countrys economic prospects, have hurt prices for iron ore, the biggest ingredient in steelmaking. The commodity has fallen to roughly $US50 a tonne from $US190 a tonne in 2011, squeezing the profits and share prices of the worlds biggest mining companies. The S&P mining index has declined to 18.33 from above 70 over that stretch.
China accumulated so much steel so rapidly that the total amount of steel in the economy and available for recycling now stands far beyond the level that would be typical for an economy its size, at around five tonnes per capita, according to analysis by Morningstar.
In adjusted gross domestic product per capita, China now matches Japans level of development in 1968. At that time, the Japanese economy had 2.9 tonnes of steel per capita. A comparison with the US, which was at Chinas current level in the 1940s, isnt relevant because American cities are more horizontal and have more wood-based homes.
Chinas appetite for iron ore led global mining companies to invest billions in new mines during the last decade, which are now contributing to the oversupply as demand slows. From Rio Tinto and BHP Billitons massive open-pit facilities in Australia to Anglo Americans 500 kilometre slurry pipeline in the Brazilian jungle, companies bet big on massive mines, railroads and ports.
Global capital spending by miners surged from around $US35 billion in 2000 to over $US200 billion in 2012, before slipping back to around $US150 billion, according to SNL Metals.
On Tuesday, after BHP reported an 86 per cent dive in profit for the year ended in June, chief executive Andrew Mackenzie said the mining company expected Chinas broader economy to pick up in the second half, meeting its 7 per cent overall growth for 2015.
Interest-rate cuts, along with moves to support the property market and infrastructure spending, should buttress growth for the rest of the year, he said. Despite the reduced outlook for peak steel demand, Mr Mackenzie said Chinas leaders had a clearly articulated strategy, and that his company had adapted accordingly.
But as construction cools in China, the country is starting to export more of the steel it makes: its exports increased 27 per cent during the first seven months of the year, to 62.1 million tonnes, and are expected to top 100 million tonnes this year, up from 53 million tonnes in 2013, according to Global Trade Information Services.
At some point next year, Chinese steel exports will surpass the total production of the worlds second-biggest steelmaker, Japan.
And in the next decade, as the countrys consumers and businesses start recycling their first generation of containers, cars and appliances, the steel glut will be compounded.
Chinas scrap production currently amounts to around 10 per cent of its total steel output, compared with two-thirds for the US. Analysts expect its scrap production to start taking off toward the start of next decade.
Surging Chinese exports have contributed to global oversupply, diluting steel prices around the world. In the US, steelmakers have filed three requests for protective import tariffs on steel from China and other countries. US Steel Corp and ArcelorMittal, two of the biggest steelmakers in the US, have closed plants and laid off thousands of workers.
China is moving from commodity importer to exporter, Ugur Dalbeler, CEO of Turkish steelmaker Colakoglu Metalurji, said in an interview. And its a problem every steelmaker outside of China now has to cope with.
JOHN W. MILLER DOW JONES AUGUST 26, 2015 8:19AM
Link: http://www.theaustralian.com.au/business/...ry-e6frg9df-1227499103671
Es bleibt spannend -