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reply to limhpp...hold on to jade
Got contract to supply 200,000metric tonnes of oil to First Growth Ltd and into IT biz...pte placement is gd for co unlike rights issue where investors may have to come out with co...new biz..maybe new directors...will be another oculus...TP 35cts :P
Market lau sai today! Its a shakeup of contrarians..............
I refer to corporate information on jade.
Approximately 76.2 percent of the shares of Jade are held by SILLC Asia, LLC, a 59.2 percent indirectly-owned subsidiary of Citigroup Inc., a company incorporated in the United States of America with its shares listed on the New York Stock Exchange. The public and a Director hold the balance of about 23.8 percent of Jade shares.
Hopefully happyday words will come true. I am feeling upset to see the px keep coming down.
Vested ytd at 0.21
vested another 200 lots at 18 this morning.
i believe firm support at 18 should hold well, unless severe mkt correction.
time for bargains!
thks happyday.
:)
tks to happyday's reply, im not worried abt the overall market movement today. Just want to have your comment on jade as after reading the FR,dun feel good.infact, ive vested 200 at 0.215 yesterday. Good luck to u and the bros here.
cheers
Besides I"ve sold all my oculus at 42cts and my fund will be channeled to Jade
reply to rayzor..depressed price for Jade because overall mkt sentiment weak esp after Citicorp report...but over long term if the contracts/investment materalise ...Jade shd move to at least 35ctsTP...fudamentals wise...constant losses but we buy for long term because of promise/future growth-reasonable to obtain...contracts to supply 200,000metric tonnes to First Growth Capital Ltd...going into IT biz..a total revamp for Jade's former loss making biz....stay vested but don't play contra esp for this counter....besides I"ve
| Jade Technologies - Enters two placement agreements Yeo Sue En, 26 Jun 2007 Jade Technologies has entered a placement agreement with OCBC Securities for 40 mln of its new shares for a cash consideration of S$3 mln. It has also entered a placement agreement with Ow Kim Chuan Jonathan for 30 mln of its new shares for a cash consideration of S$2.25 mln. New shares issued represent about 8.24% of its existing issued and paid-up shared capital. The issue price of S$0.075 for each new share has a discount of about 64.47% . Jade Technologies will have net proceeds of about S$5.12 mln after deducting S$130,000 for expenses. It will use the proceeds as general working capital and to fund other operating expenses and business expansion. It last traded at S$0.18, down 10% |
hmm, maybe we will be able to see how weak OCBC securities are later...
hi happyday,
notice u are very confident on jade,however,the contract is not confirm yet, wats your view to support the above? tks
cheers
Heard from my remisier someone from OCBC securities short Jade 18.5cts/19cts as they are aware of pte placement...now waiting to cover at 18cts...when Jade recovers ...that joker amy suffer great loss..anyway to check..fellow readers?
When corrected "irrationally" within a short time ..... it's also bargain hunting time .....
Like the old song goes...
"Hold me another, squeeze me another..... "
Short squeeze time again.
New biz to supply 200,000 mthly metric tons of oil and into IT biz...pte placement is ok.....> fund for jade..nothing adverse...it's time to seize the ah
Jade members, this is the time to BUY!
CHEER!!!!!!!!!!!!!!!!!
Price drop temporary only...don't be tricked...so many new biz...supply 200,000metric tons of oil,...into IT biz...another oculus
Could be a bear trap. NTA <1.5c, negative earnings. Offer on the table = 1.5c. So even if bid doubled to 3c, still way below today's closing @ 5.5c. Should avoid 'cos limited upside on fundamentals.
Suppose it's time to review the pricing ?