teeth53 ( Date: 29-Jan-2013 09:17) Posted:
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Lai lai...argh. Place ur bet here......going 0.024cents liao
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.023 | 310 | 157,634,000 | 59,235,000 | 0 | 98,399,000 |
| 0.024 | 87 | 35,185,000 | 0 | 0 | 35,185,000 |
| TOTAL | 397 | 192,819,000 | 59,235,000 | 0 | 133,584,000 |
As at 22 Jan 2013, Company has increased from 3,633,299,986 ordinary shares to 4,660,799,986 ordinary shares. Further to the announcements of 18 Jan 2013, 21 Jan 2013 and 23 Jan 2013, the Board of Directors of the Company wishes -- USE OF PROCEEDS:
Funds transferred to Grand Prosper Grp Ltd and its subsidiary Deshi Oil  & Gas Exploration Co. Ltd (3,463,000)
Funds transferred to Anlu, Dawu and XiaoChang Gas distribution network and CNG Fuel Station projects for business expansion of the Company (5,873,000)
Legal professional fees for Proposed Issue (153,000) Working Capital (5,868,000). Balance 43,743,000
The above utilization (Funds transferred to Anlu, Dawu and XiaoChang Gas distribution network, Legal professional fees and working capital amounting to S$11.894 million) of the net proceeds is within the limit of the balance (approximately S$12 million) of the total estimated net proceeds of about S$59 million from the S$60 million Notes, after setting aside the 80% portion.
(approximately S$47 million) intended to fund the expansion plans of the Deshi subsidiary as approved by the shareholders at the EGM held on 27 June 2008.
stevenlim109 ( Date: 29-Jan-2013 09:07) Posted:
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teeth53 ( Date: 29-Jan-2013 08:57) Posted:
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apollo8749 ( Date: 29-Jan-2013 08:47) Posted:
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Tips for every1 here... Dato will not simply invest money....
except for those got fantastic return...
I heavily invested.... hope all ppl hua t Ah.
More gd news to come!
Ipco. just collected alot of cash n still want to place out more shr at further discount. The dato certainly make more cash 10% liao, further this...it the BBs biggest can very easily making ton of of from un-suspecting players who'll, will be left holding  babe.
I m 101% sure about it...mean while happi speculate and help the dato rise to his target price, whatever he has in mind his target n not ur.
Speculators. Huat..argh 
 
srichipan ( Date: 29-Jan-2013 00:27) Posted:
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The placement new by the Dato is really positive. Should be moving to the TP: $0.100 in the coming months. Mid to long term should be good.
I am holding for the mid to long term.
jovenus ( Date: 29-Jan-2013 00:23) Posted:
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Need to be attactively priced to get placement. Else,   how can the placee make money ?
Dun think Dato interested in the  10 % discount  margin, $600k
srichipan ( Date: 29-Jan-2013 00:03) Posted:
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jovenus ( Date: 28-Jan-2013 23:55) Posted:
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Price can't be too high  when  issuing placement share to Dato.
After placement, who knows ?
moneycow ( Date: 28-Jan-2013 23:38) Posted:
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Nothing positive moving yet. If its so promising.
:) 
 
In addition, the Placee has agreed to a moratorium not to sell, assign, or trade in the
Placement Shares for a period of six (6) months from the date of the issue and allotment of
NTA per Share (cents)
Before placement $0.05
After  placement    $0.04
the Placement shares