Noble China (NMO) on TSE. Chinese Brewery Stock Message Board

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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock

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To: Lee Matheson who wrote (97)	3/11/1999 11:57:00 AM
From: Mario Gallant	Read Replies (2) of 248

Zhaoquing is the only one that they still control. It is not one of the 2 Northern Breweries. I spoke with John Pennel yesterday and he indicated that the Zhaoquing was the most profitable brewery in China. I asked him what Brokerage company they would use to buy back their 1 million plus shares and he would not give me this information. His explanation was that this knowledge might cause the company to overpay when in the market buying. I agree with this but felt I had to ask just the same. The discussions with the 2 northern breweries are ongoing and are progressing well. I was left with the feeling that the deal with the 2 Northern Breweries will most likely be made but the company is trying to spend as little of their ( our ) money as possible in doing so. All in all this discussion was very positive and I think again that shareholders will see much higher prices in the not too distant future. The shares are at $ 2.70 today and the company has not started their buyback yet!!! Regards, Mario.

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