Aluminum Corporation of China Ltd (ACH) 뉴스

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I just got in. YeeeeeHaaaawwwww!!!!!
Trying to figure out "why"....
Just hope and Pray it keeps going!!!

I hope you did. Floating higher daily like a balloon, it can’t stop

I just came across this stock and am thinking about taking a position. The price has dropped a lot since your last post. Hope you have a great day.

Anyone?

It is still trading, lst trade $24.08

Their site is down

What's happening with this co?

This one is flying high, no doubt!!!

Been a nice ride here since March, eh fellas?

Almost up 3 bucks today, whats goin on?

Sure was

Another nice gain today!

UPDATE: Chinalco In Talks With Rio On Board Seat, Possible Deal





(Combines comments from Chinalco official and deputy general manager, previous statement from Rio on talks with Chinalco.)


By Chuin-Wei Yap and Juan Chen
Of DOW JONES NEWSWIRES

BEIJING -(Dow Jones)- Aluminum Corp. of China Deputy General Manager Lu Youqing said Tuesday the company is in "intense" talks with Rio Tinto PLC (RTP) about a potential deal and a seat on Rio's board, signaling the Chinese mining giant wants a bigger presence in the Anglo-Australian firm.

Lu said both sides are discussing the size of the deal and the financing involved, but declined to disclose details, or confirm whether Aluminum Corp., known as Chinalco, is seeking a 15%-20% stake in Rio Tinto.

Another Chinalco official, who spoke on condition of anonymity, said earlier Tuesday Chinalco is in talks with Rio Tinto on a possible asset purchase. The official told Dow Jones Newswires "money shouldn't be a problem" for Chinalco in closing the deal.

Rio Tinto, which is looking for help to pay down some of its US$38.9 billion debt, said earlier this month it is talking with the Chinese firm on a possible sale of minority stakes in some of its mining operations and an investment in convertible instruments.

Chinalco, China's biggest aluminum producer by output, became Rio Tinto's biggest shareholder last year after it teamed up with Alcoa Inc. (AA) to pay US$14.1 billion for a 9% stake in the Rio Tinto group, which translates into a 12% stake in the listed company.

Chinalco's investment represented the biggest overseas investment by a Chinese firm on record. The Australian newspaper reported last week that the deal under discussion could be worth an estimated US$20 billion.

Chinalco has said it wouldn't seek to appoint a director to Rio Tinto PLC if it holds less than 15% of the company.

"The 12% (of Rio Tinto PLC) that Chinalco currently owns has no voting right (on the board)," said Wang Lixin, of Beijing metals consultancy Umetal.

"A deal could give Chinalco those voting rights. This is very important to Chinalco," she said.

State-controlled China Development Bank helped Chinalco on its first Rio Tinto investment last year. However, analysts are concerned that banks would be unwilling to lend funds for acquisition deals due to the financial crisis.

The Chinalco official who declined to be named also said Chinalco will appoint Xiong Weiping as chairman to replace Xiao Yaqing.

Xiao, who joined Chinalco in March 2002, will be promoted to a "more senior position" outside the company, the official said, which means Xiao would also leave his post as president of Chinalco's listed unit, Aluminum Corp. of China Ltd. (ACH), or Chalco.

Xiong, 52 years old, was a vice president of Chinalco from 2000 and left to join China Travel International Investment Hong Kong Ltd. in 2006, where he is now a vice chairman and general manager.

An official from the general manager's office of China Travel International said the company hasn't received any notice about Xiong leaving.

"Xiong is still working here now," said the official, who declined to be named. She didn't elaborate.

Chalco's shares were suspended from trading in Hong Kong and Shanghai Tuesday.

In a statement to the Hong Kong stock exchange, Chalco said its H shares were suspended pending the release of a company clarification on media reports about management changes.

-By Chuin-Wei Yap and Juan Chen; Dow Jones Newswires; 8610 6588 5848; juan.chen@dowjones.com

(Kersten Zhang of The Wall Street Journal contributed to this story.)

Very nice day, thats for sure. I hope it continues for a while.

Great gains today!!!!

I have some issues with some of these PR's. I'm not convinced they're telling it like it is, JMO
I'm still playing as long as I can


Good luck to your buddy. Tell him to roll his eyes at the drill instructor, they like that J/K


Good luck to you.

I agree, im not too big of a fan of too much hype myself. I was pretty dissapointed to hear they suspended the Madera facility but on the bright side its holding well at around .50 and I can easily see this moving up. I think it will take a little more time though.

OT: I see your a Marine! My best friend is in boot camp right now, hes already scheduled for a summer trip to Afghanistan and hes lovin it. Best of luck to you man.

LOL,
Welcome Cowboy. Most of my boards are the same, not much hype past what I post on the board. Ive come to realize too much hype kills the deal imo

Looks like you need a little company on this board, ive been in this long and im down pretty hardcore but it looks like it gaining momentum again. Good luck.

WOW!!!!!!!

Can it hit $11.00 ???

Last Price (USD) $ 10.83

Goldman Sachs picked up 133,707 shares in November !!!! gotta play with the big boys imo

ACH did good today........... back up for another round

BEIJING, Jan 13 (Reuters) - China's imports of unwrought copper and
semi-finished copper products fell 5.1 percent on the year to 2.64 million
tonnes in 2008, the General Administration of Customs said on its website on
Tuesday. (www.customs.gov.cn)
Imports surged 32 percent to 286,576 tonnes in December from 217,214
tonnes in November.
The country, the top copper and aluminium consumer in the world, exported
77,422 tonnes of unwrought aluminium in December versus 30,396 tonnes in
November. For 2008, exports rose 54.3 percent on the year to 841,292 tonnes.
(Reporting by Niu Shuping and Tom Miles) Keywords: CHINA TRADE/BASEMETALS
(polly.yam@thomsonreuters.com; +852 2843 6933; Reuters Messaging:
polly.yam.reuters.com@reuters.net)

ACH still pushing!!!!! $16.11 up 0.46

ACH $15.7301 UP 2.22
WOOOOOW!!!

ACH $15.374 +1.864

Up 30 EOD $13.51 Really nice!!!!

Up .20 in 3 minutes :)

http://ih.advfn.com/p.php?pid=nmona&cb=1230637316&article=34844703&symbol=NY%5EACH

the market will start to recover soon...within the next year we will see recovery, maybe not full recovery but we will be out of the mine field

haha well thats my preference...it may not ever happen again

hahaha I know, it seems too good to be true. I'm hoping for a dead cat bounce here...

Yeah, you are probably right, sad to say. IMO, there is going to be some very rough sleding ahead for the markets.

Seems now like everyday in the markets you are walking through a mine field. Ya just wonder when you take the next step if something is going to blow up on that day.
Pretty risky out there.

GLTA.

The way things are going these days he may not be too far off. Rough times imo

WOW!!! You want Christmas twice in one year? LOL!!!

What ever

come down to 8$ and I enter

come down to $11.50 and I re-enter :)

i hope...haha
pump money in

dead cat bounce...back to 7$

$15.76 Finish 4.93%..... I'll take it!

posted $15.83 :) :) great gains!!!

Got a little beat up today :( lol

$14.86 finished strong :) :) :)

Still rolling $14.65!!!!!!

Rolling!!!! $13.65!!!!!

China looks at buying metals for reserves-sources (Aluminum OF China)
Date : 11/28/2008 @ 6:31AM
Source : TFN
Stock : Aluminum Corp OF China (ACH)