Jade Art Group Inc., through its wholly owned subsidiary, Jiangxi SheTai Jade Industrial Co., Ltd., sells and distributes raw jade, ranging in uses from decorative construction material to high-end jewelry sourced from the SheTai Jade mine, throughout China. This mine has an annual operating capacity of approximately 40,000 tons and has been operating for a number of years. It has one of the largest jade reserves in China and is owned by XiKai, with which Jade Art Group signed an agreement to acquire exclusive distribution rights to sell 90% of the SheTai Jade produced from the mine for the next 50 years. According to a survey report issued by the Inner Mongolia Geological Institution, the mine has proven and probable reserves of approximately 6 million tons, or approximately $16 billion worth of jade at current market rates of $2,750 per ton. Several national jade experts have noted the high quality of SheTai Jade as compared to the other existing varieties of Chinese jade.
Advanced Description :
No additional details have been entered yet. If you would like to moderate the board and provide an advanced description for this stock, please send a Board Moderation Request at top left of board.
Xantu 12-May-2010 11:33 AM
Post Type:
Public
Interesting price-level for an entry for believers (#2704)
12-May-2010 11:33 AM
In a few days Jada should post their annual result-SECfiling.
It seems that, in the past, Jada posted their filings in more than 67% of the cases ONE DAY BEFORE or ON THE LAST DAY of the extension period.
The shorts are driving the stock down at the moment, but there is a good chance for a reverse at last on Monday.
Good luck to the believers!
Xantu
Risk Analysis
Tracking 1053 U.S. listed China Stocks and Counting...
Tracking 1536 U.S. Stocks and Counting...