tag:blogger.com,1999:blog-6154015141484451605.post6284367462667783864..comments2024-03-28T07:17:09.640+00:00Comments on The Trading Day: China Coal Stocks Round-upThe Travellerhttp://www.blogger.com/profile/17122257677784990244noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6154015141484451605.post-23969693545988724862010-08-06T13:59:34.428+01:002010-08-06T13:59:34.428+01:00Good review for Sino Clean Energy. However, I sho...Good review for Sino Clean Energy. However, I should point out that contained in S-1 filing document for the $35 million secondary public offering are: a. a projected 1.8 million ton production for 2010, up from 1.05 million ton announced several months ago, and b. an expansion into two other provinces (from memory -- two southern provinces) beside organic growth.<br /><br />Dilution in new shares issued for funds raised should be looked at together with new growth. In this case, the projected growth to 1.8 million ton of production is about 70 percent higher than the estimated 1.05 ton of production announced several months ago. Impressive growth in the last 12 months and I believe, more growth to come. Therefore, the projected growth in production (and demand)(70%) outweighs the dilution of shares (42%)Anonymousnoreply@blogger.com