JAT - Jatcorp Limited

[Trader Paul]

Hi folks,

JAT ... has been ticking up nicely, since the gap-up,
on the 2008 June solstice ... but, not even a mention on ASF ... !~!

... and looking ahead, we anticipate some further
positive cycles for this month, as well:

14-15072008 ... positive spotlight on JAT ...

22-23072008 ... positive news expected here

31072008 ... minor and positive (intraday) cycle

Hopefully, JAT will have enough legs to stay close to the top,
in the current ASF tipping contest, too ... !~!

More later.

have a great day

paul



=====

 

[springhill]

MC - $3m
SP - 4.1c
Shares - 75m approx
Options - ?
Cash - $615k

Coal Plus
On 18 July 2012, Jatenergy announced that it had licensed the Coal Plus coal upgrading technology from
Zhengzhou Zhongneng Metallurgy Co Ltd (ZZM). With its existing operations and substantial coal assets in
Indonesia, the world’s largest thermal coal exporter, Jatenergy’s licensing of the Coal Plus technology
provides the company with several key strategic benefits. Coal Plus has the potential to unlock large, low
grade coal assets that are otherwise uneconomic to mine. Such technology is particularly important in
Indonesia, which has numerous large deposits of low grade coal.
Jatenergy’s licensing of Coal Plus sees a realignment of the Company’s existing coal exploration and mining
operations to include a value-adding process technology. This realignment is an important step in Jatenergy
achieving financial sustainability and increased shareholder value, while achieving its goal of being a major
player in the lucrative Indonesian coal industry.

For detailed information about Coal Plus, read here.
http://www.asx.com.au/asxpdf/20120718/pdf/427gd9brgxjw9l.pdf

Change of company board and management team
On 23 May 2012, Jatenergy announced significant changes to its board and management team, with the resignation of Chairman Mr Alan Broome, Managing Director Mr Phil Hodgson and Non- Executive Director Mr Ross Kestel. The outgoing directors were replaced by Mr Tony Crimmins as Executive Chairman and Mr Richard Pritchard as a Non-Executive Director. The existing directors Mr Xipeng Li (Non-Executive Director) and Mr Wilton Yao (Alternate Director) are continuing in their roles.

Reduced operating expenditure
Following the changes to its board and management team, Jatenergy has substantially flattened its
management structure, resulting in efficiency improvements and a significant reduction in the running cost
of its Sydney head office, bringing it into line with the running cost of its Jakarta office. Between May and
June, monthly staffing costs fell by over 50%. Together with other savings, these cost reductions are
expected to have a significant positive impact on the company’s future cash flows and allow the company
to attain a sustainable financial position.
The current board considers the recent changes to Jatenergy’s management structure as necessary given
the current economic climate and the difficulties in raising capital from investors. With its current pipeline of revenue-generating projects, Jatenergy is now in a strong position to achieve financial sustainability and increased shareholder value in the near future.

Continuing revenue from coal operations
During the June quarter, Jatenergy generated an additional $70,000 in revenue from the production and
sale of coal from its Jongkang project in East Kalimantan. This revenue is in addition to the $221,000 in
revenue received from the project during the March quarter. The drop in revenue is a result of a drop in the
price of Indonesian coal and the subsequent decision to stockpile coal from the project and suspend some
operations until the coal price improves. The stockpile is illustrated below.
Operations at Jongkang will remain suspended until the coal price increases, following which revenues from
the production and sale of coal from the project are expected to resume.

Shareholder Share purchase scheme
Jatenergy is planning to make an offer of shares to existing Shareholders to raise an amount of over $250,000. Details of the offer are yet to be finalised and will be provided shortly.

Sale of assets
The board of Jatenergy is looking to divest the company of certain assets, including its Katingan coal asset
in Indonesia and some of its Australian coal assets. We are currently in negotiations for the sale of Katingan
and will provide further details as appropriate.
The sale of these assets is expected to increase the company’s cash reserves, while allowing the company
to focus on its core projects.

 

[pettlepop]

JAT has transformed from an energy company into selling goods to the Chinese market. If you missed out on the massive rally on BUB shares lately, then JAT could be your next best bet. Check out their website to see what kinds of products JAT are selling to the Chinese
https://jatenergy.com/

 

[pettlepop]

Mexican Stand Off on JAT, maybe Trump is building that wall as we speak

 

[tech/a]

You seen to be a habitual rapper on stock which show no signs of life.
You'll get one one day.

 

[Joe Blow]

Pettlepop reminds me an ASF member from a long time ago, krisbarry. Some here may remember Kris.

I hope that from this point forward pettlepop will add a little more meaningful content to their posts in stock threads.

 

[greggles]

Jatenergy on the move today but no news to speak of. Up 61.54% today to 1.6c. That's a big jump without anything obvious motivating it.

This company appears to be well and truly flying under the radar. Anyone have any in depth knowledge of their operations?

 

[greggles]

OK, it's now all become clear. After my last post, JAT released an announcement concerning their 100% owned subsidiary Cobbitty Country Pty Ltd which is finalising logistics for the delivery of its first orders for its foundational product, ione milk plus+ DHA Instant Full Cream Milk Powder. Here's some more from the announcement:

Jatenergy will be signing production and distribution agreements to get the product ready for Chinese CFDA approval during the next two months. Sales for this product will be imminent on completion of this successful registration.

In the year to 30 June 2017, JAT’s Fast Moving Consumer Goods trading business achieved $10 million in exports to China. This year, having successfully established JAT in the market, our strategic emphasis is on increasing sales profitability, a key element of which is to use OEM product and increase their value through re-branding such as our Cobbitty Country trade name.

ione milk’s formulation was reviewed by Adjunct Professor Dr Ian Lean, BVSc, PhD, MACVSc, DVSc, a leading authority in the dairy industry, an Australian Dairy Science Award winner and Gilruth Medalist.

Chinese demand for dairy products remains strong. During the 12 months to October 2016, Chinese import volumes of dairy products grew 13% to 2.4 million tonnes. The value of Australian dairy exports to China jumped from $US380 million to $US660 million, the bulk of this growth due to milk powders (including infant formula).

At the time of my last post, JAT was up 61.54%. It ended up finishing the day up 169.23%! Missed the boat on this one. Obviously there is a lot of confidence in the Chinese market for dairy products like this. Will be interesting to see how the product is received in China.

On a side note, this isn't the first time I have seen a company run recently just before an announcement is made. Very suspicious. Clearly someone knew something.

 

[greggles]

Can someone explain what happened to JAT today?

They announced this morning that they have exceeded their capacity to issue equity securities without shareholder approval by 71,314,083 shares and are in breach of listing rule 7.1. They were then re-instated to official quotation and the share price spiked 128.57% to close at 16c.

I think I must have missed something.

 

[greggles]

JAT continuing to outperform today, up 16.67% to 21c and being accumulated. More than 40 million shares already traded this morning.

 

[greggles]

JAT up almost 20% today to 21.5c. This looks like a potential breakout to me. If it pushes through 23c convincingly it will be into blue sky territory.

 

[tech/a]

Got some today

 

[tech/a]

That was short stopped this morning!

Re set if 24c taken out!

 

[greggles]

That was short stopped this morning!

Re set if 24c taken out!

After some selling at the open this morning, JAT has finished the day back at 21.5c after buyers started taking control around 3pm. I think it might consolidate around this level before hopefully moving further north.

 

[greggles]

That was short stopped this morning!

Re set if 24c taken out!

24c has been taken out. JAT looking strong on a down day. You back in tech/a?

 

[tech/a]

Didn't see that.

So yes just now.

 

[greggles]

JAT now in a trading halt:

Request for Trading Halt pursuant to ASX Listing Rule 17.1

Pursuant to ASX Listing Rule 17.1, Jatenergy Limited requests a Trading Halt be granted by
the Australian Securities Exchange in respect of its securities with effect immediately.
For the purposes of ASX Listing Rule 17.1, and in support of its request, JAT advises that:

1. the trading halt is requested pending an announcement by JAT relation to clarifying
the CDFA approvals of Golden Koala products in China;

2. it requests that the trading halt remain in place until the earlier of such time as it
makes an announcement to the market about the CDFA approvals and the
commencement of trading on Tuesday 27 March 2018; and

3. it is not aware of any reason why the Trading Halt should not be granted or any other
information necessary to inform the market about the Trading Halt.

Looks like we'll have to wait until Tuesday to find out what all this is about, but given the trading in recent days, I suspect it may be good news.

 

[greggles]

JAT has essentially halved in price over the last month, declining from 29c to 14c on relatively low volume.

On Tuesday morning they went into a trading halt pending an announcement and this morning they announced that they will be acquiring a controlling interest in Green Forest International Pty Ltd, a Sydney based wholesaler, distributor and exporter to Hong Kong and mainland China. Green Forest appears to be a thriving business with sales revenue of $25.1 million and a profit before tax of almost $2 million. In the year ended 30 June 2017, Green Forest earned sales revenue of $24.7 million and a profit before tax of $790,000.

The terms of the share purchase agreement are that JAT will acquire 50% of the shares on issue in Green Forest for $2 million in cash and 40 million JAT shares. Representatives of JAT will have two directors out of the four on the board and will have the right to appoint the Chairman, who has a casting vote. As a result of the transaction, the number of JAT shares on issue will increase from 588,816,182 to 628,816,18.

Looks like this could be a good deal for JAT as it will provide a distribution and sales channel for its own products as well as providing a source of cash flow. Like all deals, the reality may turn out to be different to the promise but only time will tell in that regard.

JAT is currently trading at 15.5c, up 10.71%.

 

[tinhat]

Where do you dredge these stocks up from?

 

[greggles]

Where do you dredge these stocks up from?

What's moving, what's being discussed elsewhere, what I've been keeping an eye on. A variety of sources but I'm always interested in announcements and potential changes in trend.