This morning I added China Vanadium (aka China VTM) (HK:893) to the private portfolio, paying HK$3.72 per share. The share price overran my limit resulting in my order being only partially filled.
The company is selling at well below market averages in terms of forward looking PE and operating cash flow (comparable to much larger international miners such as BHP (which I also hold) and Rio Tinto. The physical location of the company's operations should also make it a beneficiary of the industrialisation and development of China's west.
The company has a meaningful amount of net cash on the balance sheet to fund future expansion.
The only negative is the rather low dividend yield (1.6% trailing).