CNAM is gonna jump big on earnings! It's not like other china junk that does not respond to earnings reports, this one moves on earnings.

Company is legit, and stands to have made millions off the recent iron ore price swing that came off the lows in September at the time of there last quarterly report, which mans their year end report will show significant inventory appropriation on the order of a couple million. CEO already said 1q 2013 was very significantly better than previous year, and said that the recycling business turned a profit for the year. In order for the recycling busines to have turned a yearly profit would add at least .15 cents earnings for the 4q release.

Also the company just got tax breaks form the Chinese govt. and has access to very large credit facilities, on the order of close to 100m. which can be independently verified. This lends significant credibility to their legitimacy and solid finacial position.