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Wednesday, November 16, 2005

YaSheng Group (YHGG) methanol update

YaSheng issued another press release to clarify their methanol deal.

Key points:
The only thing that's new is that they're using some by-product gas. And that doesn't even matter because their cost is exactly what I expected. If I were in charge at YaSheng, I'd stop the project immediately, even with the contributions from the Chinese government.

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