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results with dividends coming.
27-29th february
watch any rally
Should be monday halt trading for results.
From the chart, it looks real bullish.
will be tempted to sell at 10 if it hits.
closed day high 7
tomorrow shall be the day!
Seems like heavy accumulation at 7.
This is a resistance.
Hope they will break it convincingly before 5pm.
Looks very good on chart
7 cent breaking
charts shown everything
bull flag outbreak.
Target 9-10 after fy results.
Break 7 soon.
Breakout time!
Monitor
Genting paying $10 dividend for one lot at $1660
China International paying $350 dividend for 100lots at $6700. Could this year be more?
Genting is a growth stock recession proof business.
China International is a small young shoot with a new lease of life and growing too.
I am bias. For dividend play, China International is a good one. Bringing in Genting is just an example for comparing dividends. Cannot compare FA. Do not get me wrong.
The breakout of China International just started yesterday.
Today Genting moody's and Fitch's highest ratings ever shall give a boost to Genting share price. Pennies momentum could be good. Watch this breakout past 7. I am bias I am looking at close to 8 today. Results nearby.
Touched and almost cleared 7
Hope collectors will know this is a bull flag breakout to push it past 7 by market close.
The married deal add some certainty that this company is expected to do well.
Think today can break 7 cent
A full break out with volume if momentum carries on tomorrow.
I am looking at 8-9 after FY results by weekend.
breakout in progress.
Bull flag breakout!
Yes!!
married deal X 2000lots at 0.07
Beautiful
inching higher.
waiting for breakout in high volume.Results out any moment.
need a big volume for flag breakout.
8-9 possible for flag outbreak
results out friday.
quick break break
Bull Flag formation seems like it
Need volume for breakout.
Results out this friday with dividend.
Seems like no one interested in this.
Can only wait for couple of months to come back and see what is its value after FY results
Finally their first oil and gas investment in PNG oilfield is bearing fruit
Hold it for one more year can see real oil coming out and it should be worth more than current price.
CHINA INTERNATIONAL HOLDINGS LIMITED (Bermuda Company Registration No. 23356) (Incorporated in Bermuda)
THE COMPLETION OF HONGHUA’S REPORT ON THE FLY RIVER MAP SHEET S.B. 54 OIL FIELD, PAPUA NEW GUINEA
All capitalised terms not defined in this announcement shall have the same meaning ascribed to them in the Company’s previous announcements on 1 December 2009, 8 December 2009, 27 April 2010, 28 October 2010, 27 May 2011, 7 September 2011, 13 September 2011 and 19 December 2011 respectively.
Background
Upon the completion of the second equity investment in FTHL of the amount of US$3,500,000 on 16 December 2011, MKS continued its seismic data acquisition exercises and the field work for the first stage of the Project in 2011 has now been successfully completed and its contractors are currently conducting the analysis of the seismic data acquired.
Update
Preliminary results of 2-D seismic data acquisition program from Honghua International, the contractor for MKS, have identified large geological structures that may hold substantial quantities of hydrocarbon, in the form of oil or natural gas. MKS is in the process of retaining independent technical consultants to process the data obtained in the 2-D seismic data acquisition, and to interpret the processed data. Once completed, MKS will submit the relevant reports to the Department of Petroleum & Energy in PNG and a program for Year 2012 for the Minister’s approval. The Company will provide updates upon receiving further information. The Company has a shareholding interest of 34.53% in FTHL, and FTHL in turn has a shareholding interest of 82.09% in MKS. The Company wishes to advise Shareholders or potential Shareholders that this project undertaken by the Group is still at exploration stage. Further exploration and study will be needed to make certain there exist economically viable resources as is usual with oil and gas industry. Shareholders or potential Shareholders are asked to exercise caution in dealing with shares of the Company.
ON BEHALF OF THE BOARD
Shan Chang Chairman 17 February 2012
Hope some action today past 7