BMB Munai: Cheapest Oil Producer in Kazakhstan [View article]
The press release dated 21 May 08 on the KAZ website has info on the CFO leaving. To summarize it says the current CFO will continue to work with the company as the director of the rep office and intends to pursue other business interests as well. I'm guessing there isn't more to it than that. www.bmbmunai.com/
I also think the Chinese small caps listed in US are cheap vs their potential. I think the risk is that the statements they file with the SEC are fraudulent. I worked for a Chinese company for a couple years and believe that in general they accept more corruption in business than that which we are accustomed to in the West. Still I think it makes sense to buy a basket of these stocks at these prices. The problem I am having is picking the right basket. Anyone have suggestions for where you can get some good research on Chinese small caps listed in the US?
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Latest | Highest ratedBMB Munai: Cheapest Oil Producer in Kazakhstan [View article]
www.bmbmunai.com/
Bullish on Chinese Microcaps [View article]