Why am I buying Yanzijiang and JES International now

More
16 Jan 2014 02:30 #18681 by yeng
This JES' investment in massive mine in Xinjiang, China has a couple of risk factors:

1. Political risk -- Xinjiang is a restive region.
2. Legal risk -- how transparent & water-tight are the laws there?
3. Financing risk -- If the mine is so huge, the funds required are also big if you want to move at a reasonably fast pace. Can these guys raise the funding?
The following user(s) said Thank You: asmec

Please Log in or Create an account to join the conversation.

More
03 Feb 2014 16:20 - 03 Feb 2014 16:21 #18964 by Rich
JES

About 12 cents : before announcing mine report on US$500 b of resources.

About 19.5 cents: after announcing.

Now 15.4 cents : after profit taking and after some hard questions were asked that only time can answer.

When is the IPO of MineRiver? What sort of valuation will it achieve? When will mining rights be granted? How much does it cost to extract and transport the magnesium oxide as fertiliser to customers? Many more questions.
Last edit: 03 Feb 2014 16:21 by Rich.

Please Log in or Create an account to join the conversation.

More
18 Feb 2014 15:34 #19151 by yeng
JES (15.2 cents) has become a trader's stock -- the upward and downward movement every other day is an opportunity for the nimble. For FA, it's not clear where the merits lie -- beyond the fact that the resources in the Xinjiang mine are massive. World's biggest magnesium mine, probably.

Please Log in or Create an account to join the conversation.

More
03 Mar 2014 20:35 #19283 by MacGyver
US$240m contract

The Board of Directors of JES International Holdings Limited (the “Company” together with its subsidiaries, the “Group”) is pleased to announce that, through its wholly owned subsidiaries, Jiangsu New East Marine Engineering Co., Ltd. and Jiangsu Eastern Heavy Industry Co., Ltd., the Group has secured shipbuilding contracts for the construction of 4 Newcastlemax and 1 Post-panamax bulk carriers with a total contract value of up to US$240.0 million.

Please Log in or Create an account to join the conversation.

More
03 Mar 2014 20:36 - 03 Mar 2014 20:36 #19284 by MacGyver
Trading Halt not lifted after results announcement. I suspect some corporate exercise going on.
Last edit: 03 Mar 2014 20:36 by MacGyver.

Please Log in or Create an account to join the conversation.

More
21 Mar 2014 17:00 #19426 by pine
Macbuddy: Can buy JES at 14 cents?

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.840-0.010
Avi-Tech Electronics0.275-
Best World1.760-0.020
Broadway Ind0.118-
China Sunsine0.405-
DISA0.003-
Food Empire0.650-0.010
Fortress Minerals0.330-
Geo Energy Res0.3750.010
Golden Energy0.7800.005
GSS Energy0.046-
InnoTek0.470-
ISDN Holdings0.405-
ISOTeam0.100-
IX Biopharma0.126-
Jiutian Chemical0.0780.001
KSH Holdings0.3500.005
Leader Env0.056-0.002
Medtecs Intl0.140-0.002
Meta Health0.025-0.001
Nordic Group0.4800.005
Oxley Holdings0.149-
REX International0.235-
Riverstone0.635-0.010
Sinostar PEC0.170-
Southern Alliance Mining0.380-0.060
Straco Corp.0.405-
Sunpower Group0.260-
The Trendlines0.088-
Totm Technologies0.105-0.002
UG Healthcare0.195-
Uni-Asia Group0.830-0.005
Wilmar Intl4.1200.020
Yangzijiang Shipbldg1.4200.020

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 2573 guests and no members online