The Congo Potash fertilizer project or change

In the shares (000151. SZ) Congo Potash program or change. The company announced today that, as of now, in view of the fact that the six-month exclusive cooperation period agreed in the framework agreement has expired for the company and the company's feasibility study is still at the expert stage and the group is not expected to reach a consensus in the short term, it is not precluded from seeking alternative financing channels and partners for the Canadian Macquarie Corporation.　　, there is a significant uncertainty as to whether the cooperation programmes that have been explored in the project development Framework Agreement before the two sides will continue to be implemented. The company's closing price was 14.84 yuan, up 3.2%.　　Great wisdom to look at the software shows that the company's stock multiples of 209 times times. Public information indicates that, on January 29, 2010, the Sino-Canadian shares signed the framework for the development of the Congolese (Republic of Congo) Mongolian Potash fertilizer project with Canada's Macquarie Industries Corporation. In accordance with the framework Agreement, the company is expected to complete the project for the completion of the financing required for EPC, not more than 1.2 billion U.S. dollars.　　The framework points out that future cooperation covers several important parts of EPC contract, financing agreement, Product Compensation and Division Agreement, and the option of Project equity acquisition, in which the 50%+1 shares are given to fulfill the common stock options. The company announced today that, in the framework of the exclusive cooperation agreement agreed before the end of the preliminary completion of the "Congo of the annual production of 1.2 million tons of red potassium granulation Project Feasibility Study Report" and submitted to the Expert Group for demonstration.　　In view of the large scale of the project and the relative complexity of the overseas construction and Operation Environment, the company attaches great importance to the evaluation and argumentation of the project in the principle of prudence and responsibility. In July, experts presented a series of questions on the technical risks and economic risks of environmental protection, mining and processing, as well as the situation of Congolese local infrastructure in the feasibility study, in the course of demonstrating the feasibility study report, and pointed out that the construction and investment of the project were inadequate.　　Since the beginning of mid-October, the company has held a number of demonstration and exchange meetings on the project, and a consensus has been reached with the Expert Group on some of these issues, but the group is still unable to reach a consensus on the complete feasibility report.　　The announcement also claimed that the company will continue to communicate with the Canadian Macquarie Company, if there is any significant progress, the company will promptly meet the disclosure obligations. An unnamed company staff said, compared to Sinoma International in the international range of projects, into the shares of international business is not unique, it can do foreign trade business, other companies can do. In the absence of monopoly or other advantages, the company's performance worries. Company 2010 Three Quarterly disclosure, 2010 net profit 51.36%~79.15%. After a preliminary calculation, the company's 2010 annual net profit will be significantly lower than the previous year.