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not sure... havent heard anything on this yet.
HVRRVH ( Date: 04-Jan-2015 23:38) Posted:
Any update to the forest deal?
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Any update to the forest deal?
Saw BB loading up at 0.031 for the past few days. Any potential takers on further ups on prices?
Bro, happy New Year 2015. Hope you huat big big.
wesely2k ( Date: 16-Jul-2014 20:54) Posted:
Today want to jeep JES。 。 。 On Q but later withdraw out.
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Buy when no one buy.....Sell when BB flushing ! No BB eat yourself. This is JES
Today want to jeep JES。 。 。 On Q but later withdraw out.
YZJ I should say...
granto ( Date: 16-Jul-2014 16:15) Posted:
Last set of orders at JES, Fortescue say they are going to another Chinese shipbuilding for four more VLOCs, wonder if its JES?
Fortescue to get four more VLOCs
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Last set of orders at JES, Fortescue say they are going to another Chinese shipbuilding for four more VLOCs, wonder if its JES?
Fortescue to get four more VLOCs
This deal sounds too good to be true. Like JES paying SCIBOIS CO. LTD 1 gold bar, then JES is guaranteed 6 gold bars in return within 4 years, upon listing in a reputable stock exchange, its going to be worth 15 gold bars. And the forest they are buying over has a potential 100 gold bars.
Note 1 Gold bar is worth USD 30 million.
As a seller, it look stupid to accept such a cheap offer that has a potential worth of USD 3 billion.
Now with this buyout thing, the share price is hung at same price just before Halted.
Anyone familiar with the black forest there? The trees there can anyhow chop or not? How much need to pay up first then can chop the trees there? Like that still got profit or not?
The government has written a new forestry code that requires companies to invest in local development and follow a sustainable, twenty-five-year cycle of rotational logging. When a company is granted a concession from central government to log in Congo, it must sign an agreement with the local chiefs and hereditary land owners, who give permission for it to extract the trees in return for development packages. In theory, the companies must pay government nearly $18m rent a year for these concessions, of which 40% in taxes paid should be returned to provincial governments for investment in social development of the local population in the logged areas.
warrenbegger ( Date: 05-Jul-2014 18:03) Posted:
http://en.wikipedia.org/wiki/Congo_Basin
Environmental importance[edit]
The Congo forest is an important biodiversity hotspot. It is home to okapi, bonobo and the Congo Peafowl, but is also an important source of African teak, used for building furniture and flooring. An estimated 40 million people depend on these woodlands, surviving on traditional livelihoods. At a global level, Congo' s forests act as the planet' s second lung, counterpart to the rapidly dwindling Amazon. They are a huge " carbon sink," trapping carbon that could otherwise become carbon dioxide, the main cause of global warming. The Congo Basin holds roughly 8 percent of the world' s forest-based carbon. These forests also affect rainfall across the North Atlantic. In other words, these distant forests are crucial to the future of climate stability, a bulwark against runaway climate change.
A moratorium on logging in the Congo forest was agreed with the World Bank and the Ré publique Dé mocratique du Congo in May 2002. The World Bank agreed to provide $90 million of development aid to RDC with the proviso that the government did not issue any new concessions granting logging companies rights to exploit the forest. The deal also prohibited the renewal of existing concessions.[2]
Greenpeace is calling on the World Bank to " think outside the box" and use the forest' s potential in the battle against climate change. If these woodlands are deforested, the carbon they trap will be released into the atmosphere. It says that 8% of the Earth' s forest-based carbon is stored in the RDC' s forests. Predictions for future unabated deforestation estimate that by 2050 activities in the DRC will release roughly the same amount of carbon dioxide as the United Kingdom has emitted over the last 60 years.
The government has written a new forestry code that requires companies to invest in local development and follow a sustainable, twenty-five-year cycle of rotational logging. When a company is granted a concession from central government to log in Congo, it must sign an agreement with the local chiefs and hereditary land owners, who give permission for it to extract the trees in return for development packages. In theory, the companies must pay government nearly $18m rent a year for these concessions, of which 40% in taxes paid should be returned to provincial governments for investment in social development of the local population in the logged areas.
In its current form, the Kyoto protocol does not reward so-called " avoided deforestation" - initiatives that protect forest from being cut down. But many climate scientists and policymakers hope that negotiations for Kyoto' s successor will include such measures. If this were the case, there could be a financial incentive for protecting forests.
L&rsquo Î le Mbiye in Kisangani is part of the Sustainable Forest Management in Africa Symposium project of forest ecosystem conservation conducted by Stellenbosch University. Ré publique Dé mocratique du Congo (RDC) is also looking to expand the area of forest under protection, for which it hopes to secure compensation through emerging markets for forest carbon.
The main Congolese environmental organization working to save the forests is an NGO called OCEAN, which serves as the link between international outfits like Greenpeace and local community groups in the concessions.
*The trees there can anyhow chop or not? Chop a bit ok? Or can chop all Congo forest?
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This deal is a no-brainer. JES issues 302,007,000 shares + USD30mil for a guaranteed PBT of USD170mil for four years. At last closed price of 9.6cts, that 302,007,000 shares are worth about SGD29mil or USD23mil. JES should fly on this deal. But......
Let' s see what the SCIBOIS CO. LTD or two Yangs gets. Oh same as above 302,007,000 shares + USD30mil but based on clause 4.5, they agreed to loaned JES that USD30mil. So effectively they are not get any cash but the 302,007,000 shares first.
Next question, why would SCIBOIS want to get into this deal with JES? Synergies or fund? Nothing on synergies since JES and SCIBOIS business are entrely different and mgmt already stated they are not going to be involved in the business of SCIBOIS (clause 3.1). Since they are not getting cash upfront, the only way to convert those shares to cash is to sell those shares, right? Imagine what offloading 302,007,000 shares to the market mean to the share prices of JES. All I can say is the two yangs are getting USD23mil worth of shares at existing JES shareholders expenses and because there are so little known about SCIBOIS you can only trust what JES said about this company and trust in this coy is what is lacking for me.
What does JES gains. One obivious benefit is a boost to its share prices on news which can help to maintain the loan with Lyceum. In fact now I started to link the facts that JES keep coming up with all these super duper deals to support its share prices to maintain its loan with Lyceum.
If this deal is handled by another company, I might give it more creditability. But because it is JES, I give none.
Just sharing my two cent thoughts and not a call to trade/buy/sell/contra/short/long/CFD/whatsoever. DYDD. 
This depend whether the JES directors got connection or not.
Not as simple as it can sell to who then who...
if is so easy... then 51% should sell to you
gslgsl ( Date: 06-Jul-2014 15:13) Posted:
Do you really believe US 170 million profit gurantee for 4 years and company in Congo? If so good , why sell 51 percent to JES a penny less counter.
RooniR ( Date: 06-Jul-2014 13:46) Posted:
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Then must sell to you, right? Business is business. First come first served. Opportunity strikes once at every man' s door.
This JES can....Jia yu..
gslgsl ( Date: 06-Jul-2014 15:13) Posted:
Do you really believe US 170 million profit gurantee for 4 years and company in Congo? If so good , why sell 51 percent to JES a penny less counter.
RooniR ( Date: 06-Jul-2014 13:46) Posted:
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Do you really believe US 170 million profit gurantee for 4 years and company in Congo? If so good , why sell 51 percent to JES a penny less counter.
RooniR ( Date: 06-Jul-2014 13:46) Posted:
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Agreed totally! This one needs to be monitored vigilantly. Made my fair share of profits within the past 2 months already.
Demostation ( Date: 06-Jul-2014 13:52) Posted:
JES vibrates too violently, and in this way many players lose money. Hahaha!!
But if one can ride the ups and the downs, it is a good share to speculate.
Nevertheless, despite everything good or bad in the eyes of the speculators, the counter has moved up steadily over the months.
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JES vibrates too violently, and in this way many players lose money. Hahaha!!
But if one can ride the ups and the downs, it is a good share to speculate.
Nevertheless, despite everything good or bad in the eyes of the speculators, the counter has moved up steadily over the months.
Why shut this counter?
