Tibet development denies additional rare earths investment 5 risk

Tibet issued a notice yesterday, denying that it would add to the investment in Rare-earth business, making the rabbit cattle stocks yesterday suffered the first sharp drop in the recent.　　Tibet's shares rose 147.43% per cent in the first quarter of this year after rumours that it would vigorously develop the Rare-earth business. Denied the addition of rare earths business investment yesterday, the Tibetan development issued a notice, after verification of some of the market rumors to be denied. The company said it would not make any additional investments in the Rare-earth business until the business was profitable, given that it had not yet produced economic benefits. There are no plans to implement a large scale Shang or increase.　　Recently, some media and the internet has appeared about Tibet's development rumors, said the company plans to add to the rare earth business in the near future investment, and in 2010 to implement a large proportion of Shang. Tibet Development also disclosed that Xichang Chi can present the "Dechang continental trough rare earth ore" mining right is the Sichuan Province Department of Land and resources to the Xichang Zhi can issue the mining license.　　At present, the transfer of mining license is still in process, it needs to be approved by the relevant departments to transfer to Dechang Rare Earth Mining Co., Ltd. March 15, the development of Tibet announced with Xichang Industrial Co., Ltd. and Johnson Zhi Energy Rare Earth Limited Liability company jointly financed the establishment of Johnson thick rare earth Mining Co., Ltd, with a cash contribution of 200 million yuan, holding a 26.67% stake in the new company.　　After the announcement of the project, Tibet's development share price rose, 4 consecutive trading days trading, and in half a month rose close to 100%, was once the market dubbed "2011 first big Bull stock" title. Recently A shares of rare earth rumors of a stock rose, a number of companies have issued a clear announcement clarifying the relationship between the Qing and rare earths. March 29, has issued a two-time clarification announcement of the Tibet Development announced suspension, pending verification of the situation after the announcement of the card.　　Industry insiders believe that the development of the current suspension of Tibet verification, may be unprecedented rare earth to fry the wind cooling.　　The shares fell sharply after yesterday's resumption of trading, with a 8% per cent plunge in the shares, which closed at 26.89 yuan, or 5.25%.　　Since uncovering the five risks of rare earth investment in the announcement, in the light of the rare Earth Project investment, Tibet's development also unveiled 5 major risks. First of all, the new company is still in its infancy, the recovery of rare earth minerals has not yet reached the estimated level of the assessment report, and ultimately it is uncertain whether the expected level of the assessment report can be reached; Secondly, the project only shares 26.67% of the Tibet development, and cannot be included in the consolidated statement; The mining license for the Rare-earth project needs to be approved by the relevant authorities before it can be transferred to the new company. If not approved, there is the risk of unsuccessful project investment, the mining license of the Rare-earth project will be valid for the period up to 2016, if not approved by the relevant departments after the expiration of the renewal, the investment value of the project would be significantly devalued; Finally,　　Due to a variety of reasons, the related mines have never been continuously normal production since the mine was built.　　Tibet Development is the full name of the Tibetan Galaxy Technology Development Co., Ltd., is the only one in Tibet beer production enterprises, the current main wead production and processing sales. Related News TibetThe first quarter of the development of the first quarter of the market in 2011 in the flat-ended, the index performance, the Shanghai index slightly up 4.27%.　　The flat trend of the stock index, also affected the trend of stocks, the first quarter of the cumulative increase in the number of stocks than the fall of more than 71 shares. Among them, the Tibet development with three month rose 147.43% to pick "the first quarter of 2011" A A-shares "the laurel."　　Benefited from the concept of rare earths, Tibet's development in the first quarter out of 8 trading. Another share price doubled the stock for *st, the cumulative increase of 122.16%, the unit since December 31, 2010, the trading date is up to 24. Jingcheng Copper, Silver pigeon investment, Baotou Steel shares, Jiangsu Wuzhong, Hai Xin shares also performance, three-month cumulative increase of more than 90%.