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Any comment for ABTERRA?
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Laulan
Master |
17-Dec-2008 09:59
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Do you still think before consolidation is approved by shareholders, the BBs will push up the price to above 11 cts? I knew they underwrote at 11.5 cts last rts. If the don't push up now, then they hv to trade the burger at above $2.30 after the intended consolidation. Otherwise the BBs will have big book loss!
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keepnosecrets
Master |
16-Dec-2008 16:35
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Agreed. It might be better or it might be "worse". Now STXPO100 is up by more than $1.20 cents. It really cheong liao. Hope Abterra quickly do either of these: Make consolidation fast. Or don't consolidate untill the shares are too few.
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Hulumas
Supreme |
16-Dec-2008 16:20
Yells: "INVEST but not TRADE please!" |
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Different counter has different outcome I suppose... Could be better, or could be worse!
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Laulan
Master |
16-Dec-2008 13:42
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Just saw one STXPO 100, consolidated 10 for 1. Price after listing up more than $1.00. So now I think it can happen to Abterra. Cheers.
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keepnosecrets
Master |
15-Dec-2008 11:09
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Well, in the stock market anything is possssible!
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Laulan
Master |
15-Dec-2008 10:12
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If SJ data is accurate then the NTA of 4 cents for Abterra and net profit of SGD 13.9 mil as at 30 Jun 2008 gives me quite a good picture for the grp, bearing in mind it was losing money previously. But what for want to consolidate? Many people have bought the shares at between 8 to 10 cents prior to the crisis. Can we imagine Abterra trading ard S1.60 to $2.00+ in the very near future, if consolidated at 20 to 1? Any guess? | ||||
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ekekeg
Veteran |
05-Dec-2008 09:45
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Hello hello calling the BBs. BBs, don't make a fool out of yourselves. You look stupid to me.. You convert the loans per share at 11.5 cents and then sell at 0.02 cents. You fathers must have taught you the wrong thing. Sacrifice yourselves so others die first, then buy back? Wrong, wrong. You will go the Lehman ways...Foolish of you!!!! |
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abc2xyz
Senior |
28-Nov-2008 16:04
Yells: "A stock sucker always enriches the market makers" |
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Becareful. The zhengkay of this counter very buaya (crocodilic). Made me lost a fortune here. Rights at 11.5 cent 200 lots, and average 400 lots at 4.5 cents, now trading 2.5 cents. Just calculate can buy a Toyota. Some more now want to consolidate 20 to one and might even then play the new shares to single digits. Slated as NTA 4 cents, and 2008 profit $13.96 million, it is doing very poorly in the stock price. Think if after consolidation can it be above 80 cents in terms of NTA and above $2.30 in terms of post rights calculations? The only commodity stock that will pinch your money. Don't go for the consolidation. See what happened to Japan Land after consolidation, 10 to 1. The only way to get you is this way!!!! | ||||
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Laulan
Master |
13-Nov-2008 10:57
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Mathematics wise I think no difference, but there is a difference in the trading bids of the shares. Below one dollar, the bid movement is half cent, but above $1, it is 1 cent. The current market outlook is bad. All investments are now very risky. We need to build an appetite for it.
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Hulumas
Supreme |
13-Nov-2008 10:37
Yells: "INVEST but not TRADE please!" |
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Consolidation exercise prior to company share buy back scheme is not to the advantage of all minor share holders in the recent market condition, I suppose!
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Laulan
Master |
13-Nov-2008 09:48
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Abterra will "change" its name to Abterra Holdings, and consolidate all existing shares in the ratio of 20 to 1, That means if you have less than 20 lots at the time of conversion you practically will be landed with odd lots of less than 1,000 shares. The only solution for those holding less than 20 lots is to buy to make it up to 20 lots which on consolidation will give 1,000 shares, otherwise you will be trading in the units shares. Personally I believe that the consolidation exercise is the best way out for Abterra because this reduces the huge free float to about 260,000,000 shares (just an estimate) and will be favoured by investors since its NAV per new share will be very much higher (20 times higher). More penny stocks should follow this example! |
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techsys
Master |
15-Feb-2008 16:39
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This counter survive from Recesion, because its provide fundamental product for current development country. Metal price is hiking fast, due to the need from production and construction ... will keep moving ... support is good at .110 ... keep accumulating ... | ||||
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ekekeg
Veteran |
15-Feb-2008 16:03
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This counter I am giving it top marks. Did not fall much during the sell down that went on for several months. Think it is a good bet and very promising. Probably because iron ore and coal are in great demand during the cold seasons or that commodities are fetching good prices. Supported well by big time shareholders. Has to break the 12 cents mark to chiong. |
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zhuge_liang
Supreme |
19-Dec-2007 23:40
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Abterra trades in commodities, mainly iron ore and cotton. The company is involved in the supply chain management of iron ore from mines in Brazil and India. Abterra announced a $77.8 million purchase of 22.8% of Zuoquan Xinrui Metallurgy Mine Co, which owns 2 iron ore mines in Shanxi, China, with a total reserve of 34.7 million tonnes and annual capacity of 400,000 tonnes per annum. It will pay the share vendor in cash (320 million yuan) and through the issue of options. |
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ekekeg
Veteran |
31-Oct-2007 10:05
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Abterra share price is set to fly on this piece of news from Bloomberg: Click to read: http://www.bloomberg.com/apps/news?pid=20601081&sid=aix1ybWQcYTU&refer=australia |
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97399739
Member |
30-Oct-2007 13:14
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General Nice Resources (HK) increase holding from 50.190% to 51.489% on October at average price of 0.124 Oop : Should be increase from 51.710 % 53.220 % instead of the above |
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97399739
Member |
30-Oct-2007 10:31
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General Nice Resources (HK) increase holding from 50.190% to 51.489% on October at average price of 0.124 |
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ekekeg
Veteran |
18-Oct-2007 21:39
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Many investors are unaware that Abterra is also in commodities beside coal, iron ore and minerals and also cotton. These products are very fast money earners and with rising prices, the company stands to make huge profits. | ||||
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fnulnu
Member |
13-Oct-2007 10:09
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This news should be good for Abterra on Monday
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solar2000
Member |
10-Oct-2007 23:45
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Secretly moving up these 2 days. Good news and good TA. Breakout today? Abterra in MOU with Shenzhen Manfu ABTERRA has entered into a non-binding memorandum of understanding with Shenzhen Manfu Industrial Company to buy 80 per cent of Tai Xing (Jiao Zhong) Coal Industry Company for 300 million yuan (S$58.7 million). |
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