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China Direct, Inc. (CDII)

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[verwijderd] 6 december 2012 12:07

DEERFIELD BEACH, Fla., Dec. 4, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced it intends to utilize two recently executed trade agreements providing for up to a total of $2.8 million in receivable and inventory based financing to expand its ongoing magnesium and commodities distribution businesses.
CD International is using one receivable financing facility of up to $2 million executed in October, 2012 between its International Magnesium Group ("IMG") subsidiary and a finance organization based in Germany, to help leverage receivables from its International Magnesium Group's global sales efforts. The second purchase order credit facility of up to $800,000 executed in November, 2012 with a privately held financing organization based in Washington, D.C., will be used in support of its commodities distribution business in South America. CD International has successfully drawn down on both financing facilities and management believes this available credit will help its operations opportunistically grow sales by leveraging its receivables and inventories.
Commenting on the announcement, Dr. James Wang, Chairman and CEO of CD International, stated, "We are pleased to have secured these credit facilities for our magnesium and commodities distribution businesses. We believe that having this greater financial flexibility will help us to be more opportunistic in our sales efforts enabling us to accelerate our overall growth in these areas. The ability to leverage our cash is critical for us especially in South America as we seek to rapidly grow our operations."

PR Newswire (http://s.tt/1vNPG)

[verwijderd] 7 december 2012 15:49

Koers nu zelfs al onder de 0,10. Is dit een goed instap moment of kunnen we beter van dit aandeel afblijven?

[verwijderd] 3 januari 2013 13:20

0,085 waar gaat dit heen, iemand een idee?

[verwijderd] 4 januari 2013 13:33

0,065?

[verwijderd] 4 januari 2013 13:34

CD International Enterprises Inc (PINK:CDII) is lower 37.65% to $0.0530. CD International Enterprises, Inc., formerly China Direct Industries, Inc., sources, produces and distributes industrial products in China and the Americas. The Company also provides business and financial consulting services to public and private American and Chinese businesses. It operates in three business segments: Magnesium, Basic Materials and Consulting. It manages a portfolio of Chinese entities and also provides consulting services to Chinese businesses.

Can CDII Rebound After The Recent Slump and Investors Can Make Money? Find Out Here

[verwijderd] 7 januari 2013 12:12

CD International Enterprises Inc (PINK:CDII) shares dropped 23.53% and closed at $0.0650. The company, last month, announced it intends to utilize two recently executed trade agreements providing for up to a total of $2.8 million in receivable and inventory based financing to expand its ongoing magnesium and commodities distribution businesses.

[verwijderd] 8 januari 2013 09:35

CD International Enterprises Inc reported in its Form 8-K that as part of realignment, Hernan Grant Welch resigned his position as the Company’s Chief Financial Officer (CFO) and a Director as of December 31, 2012 and Mr. Wasserman resigned his position as a Director of the Company as of December 31, 2012.

[verwijderd] 9 januari 2013 16:43

DEERFIELD BEACH, Fla., Jan. 9, 2013 /PRNewswire/ – CD International Enterprises, Inc. (“CD International”) (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced it sees the Chinese government’s elimination of the 10% magnesium export tax, effective January 1, 2013, having a positive impact on sales and gross margins for its Magnesium Segment in fiscal 2013.

The export tax, which has been in effect since 2008, was designed to discourage exports of magnesium and part of the government’s overall effort to reduce pollution associated with certain types of industrial production. Over the past three years many producers have faced increasing pricing pressure from traders believed to be evading export taxes giving them the ability to undercut and drive down market prices of producers subject to the 10% tax. Management of CD International believes the elimination of this tax will level the playing field and make magnesium more profitable including sales through its IMG sales arm. With the automobile industry forecasting record global sales, magnesium products no longer subject to this tax will become more competitively priced with other materials leading to a potential for increased sales for the entire industry.

Commenting on the elimination of the magnesium export tax, Dr. James Wang, Chairman and CEO of CD International, stated, “We are pleased to see the government take action to help restore balance to the magnesium industry. Our company, as well as a number of other Chinese magnesium producers, believes we have faced unfair competition from unscrupulous traders who have avoided taxes and severely depressed gross margins for the whole industry. Prior to the implementation of this tax our margins were significantly higher and we believe there will be a return to a more normal export pricing environment as we no longer have to face potential unfair competition in the marketplace.”

About CD International Enterprises, Inc.

CD International Enterprises, Inc. (OTCQB: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International’s unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about CD International, please visit www.cdii.net.

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International Enterprises, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding the impact of the elimination of magnesium export taxes in China on our sales, gross margins and profits in our Magnesium segment.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

[verwijderd] 10 januari 2013 08:57

Wel een aardige plus hierzo gisteren.
Ga hier vandaag eens kijkem of ik erin ga.

[verwijderd] 10 januari 2013 09:05

Zeker een aardige plus. Weet het zelf nog niet of ik al in kan stappen.

[verwijderd] 16 januari 2013 13:19

CDII lijkt nu wel een redelijk bodem gevormd te hebben op 0,111.

[verwijderd] 18 januari 2013 09:16

DEERFIELD BEACH, Fla., Jan. 16, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its International Magnesium Group subsidiary ("IMG") added four new magnesium customer orders in the first quarter of fiscal 2013.
The orders totaling approximately $850,000 were made directly through IMG utilizing its previously disclosed trade agreement for up to $2 million in receivable and inventory based financing to expand its ongoing magnesium distribution business. Deliveries of the orders to European and Canadian based customers began in December 2012 and are expected to be completed in January 2013. Management believes the completion of these orders will serve as a successful test for the use of its financing arrangement and will seek to expand sales to these customers as well as other direct sales through IMG in the coming quarters.
Commenting on the announcement, Dr. James Wang , Chairman and CEO of CD International, stated, "We look forward to the successful completion of these initial orders using our new financing arrangement. We believe that the utilization of this financing coupled with the recent removal of the tax on magnesium exports from China will enable us to leverage sales through IMG and expand margins. We anticipate this will lead to significant growth in sales made through IMG in fiscal 2013 and beyond."

PR Newswire (http://s.tt/1ywGT)

[verwijderd] 6 februari 2013 12:07

DEERFIELD BEACH, Fla., Feb. 4, 2013 /PRNewswire/ — CD International Enterprises, Inc. (“CD International”) (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced the completion of a trial sale of 7,000 metric tons of its Chilean iron ore by its CDII Minerals subsidiary shipped out of the port of Coquimbo Chile.

CDII Minerals arranged for the sale locally with a Chilean company to an ultimate end customer in China. The sale was subject to completion of the loading of the iron ore onto the vessel and inspection which was completed on January 28, 2013. CDII Minerals received 95% of the contract price on February 1, 2013 and will receive the remaining 5% upon the vessel being unloaded in China. This completion of this sale represents the first successful transaction completed by CDII Minerals out of Chile and paves the way for future shipments.

Commenting on the sale, Seth Berkowitz, Vice President of CDII Minerals, stated, “We are pleased to continue to move forward with the resumption of our commodities business in Latin America. Within the last three months, this marks the second transaction we have completed of our own ore and the third transaction overall as we look to build these operations for the future. The completion of these recent sales coupled with our credit facilities provides us with strengthening financial flexibility to help us grow this business and place our company in a position to achieve sustainable growth for the future. As spot market prices have risen significantly in recent months, we see tremendous opportunities for us and we intend to work diligently to capitalize on them.”

[verwijderd] 20 februari 2013 15:25

CD International Enterprises Expands Its Ore Distribution Business Into Ecuador By Beginning Delivery Of 10,000 Metric Tons Of Ecuadorean Iron Ore To Major Chinese Trading Company
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Companies in Negotiations for Ongoing Iron Ore Supply Agreement out of Ecuador

DEERFIELD BEACH, Fla., Feb. 20, 2013 /PRNewswire/ – CD International Enterprises, Inc. (“CD International”) (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its CDII Minerals subsidiary has begun delivery of 10,000 metric tons of iron ore produced in Ecuador to a major Chinese trading company. The company expects to complete delivery of the iron ore, to be shipped out of the port of Guayaquil Ecuador, in the next two weeks.

CDII Minerals purchased the 10,000 metric tons of iron ore through a subsidiary of a local Ecuadorean mining operation and upon successful completion of this shipment CDII Minerals expects to complete negotiations for an ongoing distribution arrangement with the Chinese trading company to ship iron ore from Ecuador into China on a monthly basis. Management of CDII Minerals believes it will have the capability to source and distribute approximately 30,000 metric tons of iron ore per month out of Ecuador for delivery to the Chinese trading company upon reaching a final distribution agreement.

Commenting on the expansion into Ecuador, Seth Berkowitz, Vice President of CDII Minerals, stated, “Expansion into Ecuador represents another major step forward for our company. By continuing to solidify a footprint in Latin America we can methodically build our distribution capabilities enabling us to become a distributor of choice into the China marketplace. We intend to work diligently to complete the next steps toward an ongoing relationship with our Chinese customer to help us rapidly build our revenue from this country and build this segment of CD International’s business into a profitable world class organization.”

About CD International Enterprises, Inc.

CD International Enterprises, Inc. (OTCQB: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International’s unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about CD International, please visit www.cdii.net.

[verwijderd] 28 februari 2013 09:17

CD International Enterprises and Minera MAPSA S.A. Partner to Explore Iron Ore Mining, Distribution and Facilities Opportunities in Peru
PRNewswire
Published: 25 February 2013 01:01 PM

DEERFIELD BEACH, Fla., Feb. 25, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its wholly owned subsidiary, CDII Minerals, has entered into a framework agreement with Minera MAPSA S.A.("MAPSA"), a Peruvian mining and exploration company, to establish a joint venture to explore iron ore mining, distribution and production facilities opportunities in Peru. The companies will hold a joint press conference to discuss their plans on February 28, 2013 at 10:00 AM at the Swissotel in Lima Peru.
Under the terms of the framework agreement the joint venture will focus on the distribution and further exploration of MAPSA's mining concessions in southern Peru as well as the further distribution of iron ore from third party mining concessions. The two companies will each own 50% of the joint venture whereby profits derived through these efforts in Peru will be shared. In addition, the joint venture will seek to partner with other entities to secure financing for its operations and to construct a Pig Iron processing plant with an expected annual capacity of 500,000 metric tons near MAPSA's Sama mining concession in Peru. CD International has entered into early stage talks with potential investment partners in China for these opportunities.
Commenting on the announcement, Mr. Ross Friedman, Vice President of CDII Minerals, stated, "We are excited to partner with MAPSA in Peru to help them distribute iron ore and further explore the potential of their mining concessions in Peru. As CDII Minerals continues to build momentum in Latin America, this joint venture gives CD International the ability to leverage on its relationships and expertise in China to potentially expand into pig iron processing. With large Chinese steel companies and other industrial businesses looking to build a footprint in Latin America, our companies are well positioned to capitalize on this unique opportunity. We intend to work quickly to build a strong mineral distribution business with MAPSA and exploit every aspect of these potentially lucrative opportunities as we continue to expand our efforts in Latin America."
Parties interested in obtaining more information about the press conference should contact Mr. Ross Friedman, Vice President of CDII Minerals in Peru at 51998389882 or email at ross.friedman@cdiiminerals.com.

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