JAT - Commences first biofuel production
http://www.stocknessmonster.com/news...E=ASX&N=598132
Plenty of upside for this tiddler micro cap, especially as production ramps up
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JAT - Commences first biofuel production
http://www.stocknessmonster.com/news...E=ASX&N=598132
Plenty of upside for this tiddler micro cap, especially as production ramps up
JAT - Quarterly Cashflow Statement
http://www.stocknessmonster.com/news...E=ASX&N=599644
Cash in hand $4.2m
Market cap @ $0.024 < $3m
Should be more news this quarter on production progress
Announcement today that JAT are completing a 4 for 1 share consolidation and are buying a coal mine in Kalimantan. It appears to be a way of maintaining income while they are developing the jatropha plantations.
Here's the ann
http://www.stocknessmonster.com/news...E=ASX&N=604846
Not sure why they are doing a share consolidation when they only have ~115m on issue & a ~3c share price
Given JAT appears to be on the "alternative energy" track it is a bit disappointing they have turned to "dirty" coal
From my understanding, the consolidation is a requirement of listing rules. As for the coal the announcement explains it thus:
It mitigates development risk and is complementary. I guess that means cashflow is the primary reason
So JAT becomes ~30m shares @ ~$0.12, doesnt make sense to me, wouldn't less shares free float cause more liquidity issues?
The coal transaction may provide another revenue stream, but given Jatropha's "green" nature, (& the fact MBT is looking at going that way rather than palm oil), it's disappointing it can't promote itself as a "clean alternative energy company", thats at least what i thought they were aiming for!
JAT - Presentation
http://www.stocknessmonster.com/news...E=ASX&N=604936
A good background account of what Jatoil are all about
I have to admit that the coal arrangement goes against their stated principles. Perhaps it is a short term project until they get the renewables producing at full steam?
JAT - Focus on Indonesia after strategic review
http://www.stocknessmonster.com/news...E=ASX&N=607065
JAT's 46% owned Vietnam project will be written down to $0, showing a $2.5m impairment
JAT will now focus on Jatropha biofuel & Coal projects in Indonesia