China Natural Gas

[just_an_ant]

China Natural Gas (CHNG.ob)

Very nice homepage to start with

www.naturalgaschina.com/

Playing some BBC profits in this startup. Arrived on OTC by way of U.S. company buying an existing OTC and then that company buying China company. [note: easiest and pratical way to get listed]

I would guess they have plans of going on the Nasdaq at some point in future.

I bought at $4.75 yesterday; I run some numbers and it seems fairly valued. Hard to come up with true "outstanding shares".but was 20 million before the additional equity fund raising. My guess would be in the 25 million range at this point.

Should be profitable, and there is a huge demand, so profits should increase over next few years. Appears they are first to market and likely will be dominate in area. Will need "expansion" plans to further the growth 3-5 years out.

Anyways..just tossing some of my plays out there; always interested in what others think and are doing (invested in).

Thanks

[just_an_ant]

see BBC thread.

don't like the smell.

i'm out of this one too.

I just have bad taste for the way business is being conducted.

GUT says get out

[just_an_ant]

Well, I bought 3000 shares last week at $2.90.

While I don't necessarily have a strong comfort for management, without a doubt this company is going to make money.

Worth a trade I think; with cautionary optimism for a long term investment 6+ months.

[just_an_ant]

I don't own anymore; choose other investments, but if still own I still think another 3 month outlook should produce good results - see approaching $4.00 by end of year (guessimate)