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Has anyone heard/invested in 'Baoshan Iron&Steel" (600019)?


They are a metal works foundry in the autonomous mongolian region of China. They are the only raw materials refiner in the region and the closest to the Russian border, where most of the metal ore comes into the country for refining. I know they are quickly and drastically expanding their plant, and with China needing all kinds of metals I'm thinking this is a pretty good place to put some cash. (It being in China excepted of course) But with Russia full of raw materials, China needing every metal known to man to 'modernize' their country, and the location I don't see too much of a downside (It being in China again excluded) So has anyone tried getting into this company? Know more about it? Know about the intricacies of investing in a Communist China? Or have any other wise words about Baoshan or other similar investments with a tie into the China market for metals of all kinds?

Any info greatly appreciated! I think this one is going to be the China equiv. of AngloAmerican.

Um, not to be rude, but have you checked the 2-year price chart on Baoshan? The stock has quadrupled. It's true that it's fairly well positioned, and growing faster than other steel makers in China (there are many) and the region, but the story is well known. Unless you think you know something millions of other investors don't, I wouldn't touch this stock. D

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