China Direct Inc. steil nach oben ( Seite 3)

Bin mal gespannt was die Pressekonferenz so bringt.

Da kommt doch freude auf. Nach dem Rücksetzer ständig gestigen.

China Direct, Inc. Expands Metals Operations Through Definitive Agreement to Acquire Zinc and Lead Company in ChinaLast
update: 11/29/2007 10:00:00 AM

The Acquired Company to Become Wholly Owned Subsidiary BOCA RATON, Fla., Nov 29, 2007 /PRNewswire-FirstCall via COMTEX/ -- China Direct, Inc. (CDS), a U.S. company that owns controlling stakes in a diversified portfolio of Chinese entities and assists Chinese businesses in accessing the U.S. capital markets, announced today that it has entered into a definitive agreement to acquire 100% of Xiangxi Autonomous Prefecture Jixiang Mining Industry Co., Ltd. ("Jixiang Mining"), a business operation which mines, processes and distributes concentrated zinc and lead. The acquired company will be renamed CDI Jixiang Metal Industry Co., Ltd. ("CDI Metal") as a wholly foreign owned entity. The definitive agreement was reached concurrently with the Chinese local government approval for China Direct's sole ownership of CDI Metal. China Direct will acquire CDI Metal in exchange for cash consideration of approximately $675,675 (RMB 5 million). In addition, China Direct plans to invest up to $1.325 million in expansion capital after the acquisition. CDI Metal owns the sole mining rights to a parcel of land located in the Yongshun Kaxi Lake Mining area. The mining rights were obtained from the Ministry of Land and Resources. The land holds both zinc and lead ore, and the government has approved for the mining of an aggregate of 10,000 metric tons of zinc and lead on an annual basis. CDI Metal has also received a safety and production permit issued by the Safety in Production Supervision Bureau which is valid through January 2009. The preliminary reporting from China Direct's engineers estimates that the zinc and lead reserves contained in the land covered by the mining rights are worth up to $54 million at current prices. China Direct plans to conduct a more detailed survey in the near future and intends to explore acquiring additional rights pending the results of that survey. Zinc is primarily used for galvanizing steel against corrosion, die casting of intricate machine parts, and in batteries and other electrical applications. Zinc is also alloyed with copper to form brass. Lead is used in building construction, lead-acid batteries, bullets, solder, pewter, and fusible alloys. Commenting on the agreement, Dr. James Wang, Chairman and CEO of China Direct, stated, "We are very excited with this new acquisition, as the areas in Yongshun County, Hunan Province have significant zinc, lead and other metal reserves. The acquisition of CDI Metal as a wholly owned subsidiary represents a significant milestone for the growth of our Zinc division in China. China is the largest producer and consumer of Zinc and Lead in the world and we are committed to realize the full potential of CDI Metal's mining rights and are confident that this subsidiary will make a substantial contribution to our financial performance in 2008 and beyond." About China Direct, Inc. China Direct, Inc. (CDS) is a U.S. based company doing business in China through two divisions. Our management division acquires controlling stakes in Chinese companies, then provides investment capital and active management to enable these companies to thrive as our subsidiaries in their respective industries. Our consulting division assists other companies in China and the U.S. in establishing and maintaining a presence in the U.S. capital markets. As a direct link to China, China Direct serves as a vehicle allowing investors to directly participate in the rapid growth of the Chinese economy in a diversified and balanced manner. For more information about China Direct, please visit . Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. SOURCE China Direct, Inc.

und noch eine NEWS...

China Direct To Buy 100% Of Jixiang Mining >CDS
Last update: 11/29/2007 11:00:09 AM
DOW JONES NEWSWIRES China Direct Inc. (CDS) entered a definitive agreement to acquire all of Xiangxi Autonomous Prefecture Jixiang Mining Industry Co. Ltd., a mining operation that processes and distributes zinc and lead. The Boca Raton, Fla., diversified management and consulting company said it will acquire the renamed company, CDI Jixiang Metal Industry Co. Ltd., for $675,675. China Direct plans to invest $1.325 million in expansion capital into CDI Metal. Shares of China Direct traded recently at $9.79, up 9 cents, or 0.9%.DOW JONES NEWSWIRES Shares of China Direct Inc. (CDS) traded recently at $9.79, up 9 cents, or 0.9%. (Shares were incorrectly reported at 10:13 a.m. EST as being traded recently at $26.21, down 19 cents, or 0.7%.) (END) Dow Jones NewswiresNovember 29, 2007 11:00 ET (16:00 GMT)

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China direkt zu kaufen 100% der Jixiang Bergbau> CDS
Letzte Aktualisierung: 11/29/2007 11:00:09 AM

DOW JONES NEWSWIRES China Direct Inc. (CDS) in eine endgültige Vereinbarung über den Erwerb aller von Xiangxi Autonome Präfektur Jixiang Mining Industry Co. Ltd, ein Bergbau, dass Prozesse und vertreibt Zink und Blei. Die Boca Raton, Fla, diversifizierte und Beratungsunternehmen sagte, es wird die Firma umbenannt, CDI Jixiang Metal Industry Co. Ltd, für 675675 Dollar. China Direct Pläne zu investieren $ 1,325 Millionen in den Ausbau von Kapital in CDI Metal. Aktien von China Direct gehandelt kürzlich auf 9,79 Dollar, um 9 Cents oder 0,9%. DOW JONES NEWSWIRES Aktien von China Direct Inc. (CDS) gehandelt kürzlich auf 9,79 Dollar, um 9 Cents oder 0,9%. (Die Aktien wurden falsch berichtet auf 10:13 Uhr EST als gehandelt kürzlich auf 26,21 Dollar, nach 19 Cents oder 0,7%.) (END) Dow Jones NewswiresNovember 29, 2007 11:00 ET (16:00 GMT)

Hi Barfuss.
läuft doch schon anständig. Was meinst du?


Langsam aber sicher glaub ich das das ein echt guter Invest ist. Werde mich morgen von einigen Positionen trennen und hier aufstocken.


Ciao.

30.11.2007 02:49
China Direct to buy Jixiang Mining for 5 mln yuan
BEIJING (XFN-ASIA) - China Direct Inc (Nachrichten) (AMEX: CDS) said it will pay five mln yuan to fully acquire China's Jixiang Mining Industry Co Ltd.

The acquired firm will be renamed CDI Jixiang Metal Industry Co Ltd, and will primarily be engaged in the mining of zinc and lead.

China Direct is a US-based firm that owns controlling stakes in a diversified portfolio of Chinese entities and assists Chinese businesses in accessing US capital markets.

andrew.pasek@xinhuafinance.com

Mal schauen was heute geht:

NOW THE OFFICERS Starting their Dump`....
Officers dumping 35 million$$$ worth .Wang Selling 1,300,000
Shares .Siegel Selling 1,300,000
All proceeds from the sale of the common stock by the selling security
holders will be for the account of such selling security holders.
New Sec Filing
As filed with the Securities and Exchange Commission on November 23,
2007
Registration No. 333-_________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM S-8
11/22/2007 S-8 Registrations 50 Pages, 91267kb

China Direct, Inc. Completes Audit of CDI Pan Magnesium Subsidiary





BOCA RATON, Fla., Dec. 13 /PRNewswire-FirstCall/ -- China Direct, Inc. (AMEX:CDS), a U.S. company that owns controlling stakes in a diversified portfolio of Chinese entities and assists Chinese businesses in accessing the U.S. capital markets, announced today that it has completed a full audit of its CDI Pan Magnesium Co., Ltd., a joint venture subsidiary 51% owned by China Direct. The subsidiary has been renamed Pan Asia Magnesium Co., Ltd. ("Pan Asia Magnesium").

The foreign invested entity and name change was approved by the Department of Commerce of the Shanxi Province in November of 2007. China Direct has contributed $2.1 million of its total registered capital commitment of $6.75 million.

Pan Asia Magnesium currently has an annual production capacity of approximately 6,000 metric tons of pure magnesium and is constructing 2 additional facilities which will increase annual capacity by 12,000 metric tons. Management sees the operations contributing approximately $4 million in revenue to China Direct in the fourth quarter of 2007 and anticipates that both new facilities will be operational in the first quarter of 2008.

Pan Asia Magnesium reported assets of approximately $7.7 million and shareholder equity of approximately $2.6 million for the first nine months of 2007 on a pro forma basis. Revenue for the same period was approximately $6.79 million.

Magnesium prices have continued to climb in the quarter reaching highs of well over $3,600 per metric ton. Pan Asia Magnesium, when fully operational, will have an annual production capacity of 18,000 metric tons or approximately $65 million at current price levels. Management anticipates a full sell through of that capacity as it comes on line.

Dr. James Wang, CEO of China Direct, commented, "We are pleased with the progress of construction at our new joint venture and are excited to add this additional capacity to our rapidly growing magnesium operations. Our team is making every effort to reach our targeted capacity and distribution run rates for 2008 and we remain committed to reaching an overall manufacturing capacity of 40,000 to 50,000 metric tons of pure magnesium while distributing an additional 40,000 to 50,000 metric tons of magnesium. Market forces continue to elevate the price of magnesium and we continue to see robust worldwide demand and management will continue to look to opportunistically increase overall capacity."