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I hope SGX can shut this counter for good , prevent more loss from innocent people.
This JES is so full of shit. Now business in Congo. There are so many con men in Afica , do not believe a word they said. Every 3 months , JES will come announce something big like 170 million profit guarantee for 4 years . I advise every one not to get foo by the management.
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?
I don' t quite like to play JES, because it is always very unpredictable.
Cannot make from trading the shares, and selling off after holding nearly 3 months for a small profit.
Hi ramus ! I have vested in this stock. But after today's news it came down. However managed to climb back up. Should I continue to hold on or I should cut ?
ramuslow ( Date: 26-Jun-2014 20:26) Posted:
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Ha haa haaa
sheerluck ( Date: 02-Jul-2014 14:28) Posted:
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The loan anouncement didn' t mentioned about that 150mil shares. Anyway, Lyceum should have trust their assessment. JES got mines, got trees (come free with Monkey somemore) got ships and can tell nice story. Where on earth to find such wonderful company at a fair price. Even WB will buy.
Tree fall Monkey run like siao... Ha haa haaa...
S-Shiiit, really very creative and a lots of pattern...
This is coming out into the media now... http://www.sinoshipnews.com/News/JES-International-in-loan-dispute/3w3c2801.html
JES International in loan dispute
Singapore: Singapore-listed Chinese shipbuilder JES International Holdings announced that it has received an email notification from Lyceum Partners LLC&rsquo s legal counsel alleging that the company has committed a default under a loan & maintenance agreement by failing to make due payment of maintenance fee.
Maybe caught too many monkeys in Congo forest lately. Now got monkey business to handle
Oh oh. Another dispute regarding money owed.
http://infopub.sgx.com/FileOpen/JES%20Announcement%20-%20Dispute%20on%20Loan%20Maintenance%20Agreement.ashx?App=Announcement& FileID=303790
edwinjup ( Date: 02-Jul-2014 08:20) Posted:
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Got loan problem...another s cheap ??..trade with care....
Sadly history repeating itself again.
JES is high risk counter. Recent run is without logic. Beware.
I think Jes may start to run soon.
High accumulation in the last few month
See more details in my blog - masterstocktrader blog spot sg
ya la ~~ ya la~~ bo jio.
luckily last rd i stick to u closely.... but u din heard my footstep...hehehe
richinsperm ( Date: 26-Jun-2014 15:33) Posted:
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wahaaaaaaaaaaaaaaaaa :)
Think JES field staffs finally found real monkey liao. Golden monkey
wah.. Mr sperm bo jio ...wasted again :)
Note that CFO has resigned. So short after independant director resigned. Also, auditors statement of material uncertainty about JES as an ongoing concern has not changed. A bit dangerous.
| granto ( Date: 25-Jun-2014 10:01) Posted: |