| Latest Forum Topics / Renaissance United Last:0.001 -- |
 Post Reply
|
|
Neglected, Illiquid, Undervalue, Recovery counter
|
|||||
|
oreocookie
Member |
03-Oct-2013 11:54
|
||||
|
x 0
x 0 Alert Admin |
we will know by tomorrow 5pm if iso is another dud. hahaha | ||||
| Useful To Me Not Useful To Me | |||||
|
solidbuy
Veteran |
03-Oct-2013 11:53
|
||||
|
x 0
x 0 Alert Admin |
maybe he wants you to sell so that he can buy at cheaper price? just my guess.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
solidbuy
Veteran |
03-Oct-2013 11:52
|
||||
|
x 0
x 0 Alert Admin |
lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
cobrajr
Member |
03-Oct-2013 11:50
|
||||
|
x 0
x 0 Alert Admin |
LOL
|
||||
| Useful To Me Not Useful To Me | |||||
|
nqing87
Veteran |
03-Oct-2013 11:44
|
||||
|
x 0
x 1 Alert Admin |
i'm a supporter of ipco, but i dont think blumont placement will cause ipco to rise.. blumont maybe will rise, but unlikely ipco.. cos blumont rising from 30cents to 2.40 about 8 times, ipco still at around same price as before.. market has not factor in blumont story into ipco significantly yet.. on a side note, it's weird how some bearish forummers say ipco stock will plunge if blumont collapse, when blumont rise has not cause much of a change in ipco price.. and why SGX query counter that run up too much? shouldnt they also query counters that have been too undervalued? like say " please provide possible explanation that explains why price is depressed" .. i think that will be funny haha
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
currypig
Member |
03-Oct-2013 11:39
|
||||
|
x 0
x 1 Alert Admin |
lol..
|
||||
| Useful To Me Not Useful To Me | |||||
|
Rosesyrup
Veteran |
03-Oct-2013 11:34
Yells: "Get your own opinion, don't follow blindly." |
||||
|
x 0
x 1 Alert Admin |
Isolator Sensei, how come party haven't start yet? I dress nice nice sit here and wait since 9am leh. Now I sweating like (curry)pig already. | ||||
| Useful To Me Not Useful To Me | |||||
|
k2kingkong
Member |
03-Oct-2013 11:28
|
||||
|
x 0
x 1 Alert Admin |
Blumont Group Ltd. (199302554G) 298 Tiong Bahru Road #20-02/03 Central Plaza Singapore 168730 Tel: (65) 6332 9488 Fax: (6 5) 6332 9489 1 (Company Registration No.: 199302554G) (Incorporated in the Republic of Singapore) STATEMENT TO REINFORCE RESPONSES DATED 1 OCTOBER 20 13 TO QUERIES RAISED BY THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED Blumont Group Ltd (? Blumont ? or the ? Company ?) refers to the recent queries by the Singapore Secu rities Trading Limited (?SGX-ST?) on the substantial increase in the price of Blumont shares and related media art icles, and wishes to clarify the following: The Company restates its initial response to the SGX tha t the Company is not aware of any information not previously announced concerning the Company, its subsid iaries or associated companies which might explain the increase in the share price. 1. Establishment of new business activity The Company had on 21 August 2013 formally announced on SGXNET, a strategic move into the busin ess of exploration, development and production of miner al and energy resources, including investments in companies and projects in related sectors, as an additio nal core business activity of the Company. In this connection, the Company would be seeking approval in general meeting for the additional core business activity. As part of this new business direction, the Company has a cquired or is in the process of acquiring assets in the mineral and energy resources sector since Decemb er 2012. Over the past five months, discussions have been held with over 20 additional potential ac quisition targets and joint venture partners, the majority of which are listed entities governed by the listing rules of their respective securities stock exchanges and investment laws in countries of operatio n. Some of these negotiations are in an advanced stage, and the Company expects the imminent announcem ents of some of these deals. Such negotiations have included different investment banke rs, legal advisors and technical consultants representing the Company and the prospects of interest, in different parts of the world. See Annex A for a list of Blumont?s recent activiti es and Annex B for a chart that outlines the Compan y?s Areas of Focus, which include coking coal, thermal coal, uranium, gold, nickel, iron, copper, oil & ga s, and phosphate. 2. Strategic partners with notable track records Blumont?s recent transactions have included strategic p artners with industry track records and who are recognised industry leaders and experts in their respect ive fields. The Company believes that the market has found comfort in this prudent investment approach. Most recent of these, and as an example, is Company?s announcement dated 18 September 2013, of a joint venture with copper industry expert, Ines Scotland, to set up Blumont Copper Pte Ltd. After t he establishment of the joint venture, the Company proposed the investment in Australian-listed Discovery M etals Limited, with copper and silver production in Botswana, on 19 September 2013. On 16 September 2013, the Company also announced pla ns for a significant investment in ASX and JSE listed coal mining company, Resource Generation Limit ed, under the leadership of renowned coal mining Blumont Group Ltd. (199302554G) 298 Tiong Bahru Road #20-02/03 Central Plaza Singapore 168730 Tel: (65) 6332 9488 Fax: (6 5) 6332 9489 2 expert, Paul Jury. SGX-ST-listed Noble Group Limite d is also an anchor investor in this project. Further partnerships are being sought seeking out further partn erships and joint ventures with individuals and groups in the mineral resources sector. 3. International interest in Blumont?s securities The Company believes that its recent activities could have attracted and contributed to the tremendous interest in its securities across borders. In this respect, the Company has in recent months been approached by global financial parties, including an international fund management firm, which has expressed interest in investing in the Company by way o f a private placement. Discussions are ongoing. 4. Review of Management and Board structure in line wi th new focus and proposed name change In the same announcement dated 21 August 2013 about i ts new business activity, the Company also announced a proposed name change to Blumont Phoenix Corporation Ltd. to reflect its new direction. In line with this, the Group is in the process of reviewin g its management and board structures, the results of which will be announced in due course. 5. Growing interest in mineral resources Blumont is not alone in its recognition of the unprec edented opportunity resulting from the recent severe impairment of asset prices in the mineral resour ces sector. For example, earlier this week, former Xstrata CEO, Mick Davis, was seen raising a total of US$ 1 billion from the Noble Group and private equity investor, TPG Capital for investments dedicated to min ing and metals industries. Blumont wishes to emphasise that, at all times, the Comp any has been in compliance with the listing rules and in particular, listing rule 703, regarding the disclosure of material information. By Order of the Board Blumont Group Ltd James Hong Gee Ho Executive Director 2 October 2013 Blumont Group Ltd. (199302554G) 298 Tiong Bahru Road #20-02/03 Central Plaza Singapore 168730 Tel: (65) 6332 9488 Fax: (6 5) 6332 9489 3 Annex A Blumont Group Ltd.?s recent investments in the mineral and energy resources sector include: ? Iron Ore (December 2012): Entering into a conditional sale and purchase agreem ent to subscribe for 2.5 million ordinary shares, representing the entire issued share capital of Hudson Minerals Holdings Pte. Ltd. for a purchase consideration of up to S$48.0 million (including the assignment of the Shareholders? Loans of not less than S$5.5 million by the Vendors to Blumo nt) ? Thermal and Coking Coal (March 2013): Taken an 11.5% interest in Australian Securities Exch ange (?ASX?)-listed Celsius Coal Ltd., a metallurgical coal explorer focused on developing coking and thermal coal deposits in the Kyrgyz Republic ? Coking Coal (July 2013): Entering into a conditional agreement to acquire a 12.75% stake in the enlarged capital of ASX-listed Cokal Limited, which focuses on high margin metallurgical coal, and has interests in coal exploration tenements in Kalimantan, Indonesia a nd Tanzania ? Gold (July 2013): Leading a consortium of three partners to enter into a conditional agreement to acquire a 43.47% stake in the enlarged share capital of ASX-l isted minerals explorer Prospect Resources Limited ? Uranium (July 2013): Entered into a conditional sale and purchase agreeme nt to acquire 100% of investment holding company Powerlite Ventures Limited (? Powerlite ?) for US$7.88 million, giving the Group exposure to uranium projects in Kyrgyzstan and t he US through Powerlite?s interests in Azarga Resources Limited (? Azarga ?), a major Asia-based uranium development and investm ent company. On 28 August 2013, the Group announced it was expanding it s commitment to the uranium sector by increasing the size of its existing convertible loan facility to Azarga by US$6 million to US$21 million ? Copper (August 2013): Taken a 10.7% stake in the enlarged share capital of ASX-listed Kidman Resources Limited, a company focused on the exploration and de velopment of high grade copper-gold deposits within Australia and ? Thermal Coal (September 2013): Entered into a conditional share subscription agreeme nt to acquire 15% of the potential enlarged share capital of ASX and J ohannesburg Stock Exchange-listed coal mining company, Resource Generation Limited, for a total in vestment consideration of between A$20.97 million and A$22.11 million and ? Copper (September 2013): Entered into a concurrent convertible bond and equi ty placement agreement with Discovery Metals Limited, a copper exploration a nd production company listed on the ASX and Botswana Stock Exchange, for a total investment consid eration of A$116 million. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
k2kingkong
Member |
03-Oct-2013 11:24
|
||||
|
x 0
x 1 Alert Admin |
if Blumont issue private placement shares, Ipco will rise ... just my opinion. |
||||
| Useful To Me Not Useful To Me | |||||
|
yummygd
Supreme |
03-Oct-2013 11:22
|
||||
|
x 0
x 1 Alert Admin |
He BB so no need to report mah lol.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Insanity
Member |
03-Oct-2013 11:21
|
||||
|
x 0
x 1 Alert Admin |
So what happened to your shorts frm ytd? :)
|
||||
| Useful To Me Not Useful To Me | |||||
|
fastandfuriousch
Member |
03-Oct-2013 11:13
|
||||
|
x 0
x 1 Alert Admin |
WARNING ... | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Bigmama
Master |
03-Oct-2013 11:05
|
||||
|
x 0
x 1 Alert Admin |
My TP is lower now ....50 cents. Lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
k2kingkong
Member |
03-Oct-2013 10:55
|
||||
|
x 0
x 1 Alert Admin |
ipco is still in uptrend... | ||||
| Useful To Me Not Useful To Me | |||||
|
sk6666
Veteran |
03-Oct-2013 10:54
|
||||
|
x 0
x 1 Alert Admin |
waw ... you very frank leh... do you also see potential in it?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Bigmama
Master |
03-Oct-2013 10:52
|
||||
|
x 0
x 1 Alert Admin |
Yes, I think it's a good deal if you can get it cheap. I have some at 46.5 so my view may be bias.
|
||||
| Useful To Me Not Useful To Me | |||||
|
solidbuy
Veteran |
03-Oct-2013 10:44
|
||||
|
x 0
x 1 Alert Admin |
he can short behind your back....lol...don't get shot! my crystal ball spoilt after 1 week....lousy brand.
|
||||
| Useful To Me Not Useful To Me | |||||
|
unique6
Member |
03-Oct-2013 10:44
Yells: "Good time no bad stocks. Bad times no good stock? " |
||||
|
x 0
x 1 Alert Admin |
I was analysing the block trades. I think his 25m was done in the morning when it hit buy Q at 3.6c. Anyone knows what this means? Is he the one parking huge sell Q at 3.6c. The stock can't run if his road block is there.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Bigmama
Master |
03-Oct-2013 10:42
|
||||
|
x 0
x 1 Alert Admin |
Crystal ball say buy at 4.4 when ipco is 4.6
Then crystal ball say buy at 3.7 when ipco is 3.9 Now crystal ball say 2.8 when ipco is 3.4. I think I see a pattern in your crystal ball. Better throw it away.. Iso Sifu else you willing be say ' i..so... Stupid'
|
||||
| Useful To Me Not Useful To Me | |||||
|
solidbuy
Veteran |
03-Oct-2013 10:34
|
||||
|
x 0
x 1 Alert Admin |
ok. set....
|
||||
| Useful To Me Not Useful To Me | |||||