Tianshan Textile: "Negative" Achievements Draw Billions Of "Pie"

In recent years, Fascination mining Restructuring has become the unique landscape of the A share market. Copper, gold and rare earth minerals have become the two market of the listed companies. speculation Very crazy. Tianshan textile (000813) it is one of the gold diggers of many mining reorganizations.

Tianshan textile launched a restructuring plan in June 2010. It intends to extend 123 million shares to Katie mining and Qinghai Xue chi to buy 75% of Xinjiang West Mining Co., Ltd. stock right 。 After the resumption of trading, Tianshan textile shares were closed for 5 consecutive trading days.

However, the restructuring of the company was mixed. In March 31, 2011, the company announced that the above reorganization plan was not approved by the SFC, mainly because the underlying assets were exposed to greater uncertainty risks in normal production and operation. However, Tianshan textile did not give up. After two months of rejection, it restarted the reorganization of major assets, and again proposed a plan to increase the purchase of Xi Tuo mining shares.

Although the new plan has slightly adjusted the assets of the underlying assets, it has been lowered to $629 million from the previous 696 million yuan, but the prospect of successful entry is not optimistic. In November 26th, Tianshan textile bulletin received the feedback notice from the SFC, but could not complete the reply materials within the specified time. The main reason is that it is still time for the mine to enter the formal trial production stage, and there are also variables in the future operating profit level.

What is the mineral assets that fascinate Tianshan textile? What are the mining assets of the Tianshan textile industry? It has 73.41 square kilometers of mineral exploration right now and is divided into six mining areas. It is still in the construction period in 2011, and it will still yield many benefits in 2012. The information disclosed by the listed companies shows that the losses of Xi Tuo mining in 2008 were -2011, and the main business revenue of the company has been zero in recent years, because it has not yet entered the trial production stage. However, the embarrassing performance of the underlying assets did not dispel the enthusiasm for restructuring of Tianshan textile, but outlined a bright prospect in the assessment report. It is estimated that the net profit of Xi Tuo mining in 2012 will be 77 million 930 thousand yuan, and the annual net profit in 2013 -2035 will exceed 100 million yuan.

For an asset that has "a certain degree of uncertainty in the time of full trial production", the net profit of more than 2 billion 400 million yuan in 24 years. Pie It remains to be tested by time.