Highlights
SGX: Blumont (A33)       BLUMONT GROUP LTD.
Last Price Today's Change   Day's Range   Trading Volume
0.004   0.00 (0.00%)  0.004 - 0.005  30,006,500

Overview

Avg Volume (4 weeks):14,627,931
4 Weeks Range:0.003 - 0.005
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:0.001 - 0.007
52 Weeks Price Volatility (%):
50.00%
Average Price Target:-

Headlines

Date Subject
05-Dec-2017 Blumont Group Demonstrates "Creation of Market Value"
01-Sep-2017 SGX Queried The Dormant Subsidiary Blumont Copper Struck-Off
26-Aug-2017 Blumont Group and Its New & Ultimate Horizon

Business Background

Blumont Group Ltd., an investment holding company, provides contract sterilization and polymerization services in Singapore, Malaysia, Indonesia, the United States, and Australia. It operates through four segments: Investment Holding, Sterilisation, Property, and Mineral and Energy Resources. The company invests in transferable securities, such as marketable shares, warrants, debentures, etc.; and delivers gamma irradiation services for decontamination, sterilization, and polymerization purposes primarily to agriculture, seafood, fruits, pharmaceutical and medical products, cosmetic items, and food packaging industries. It also develops properties for sale, including serviced apartments, commercial, and retail lots; and holds properties for rental and related income. In addition, it explores for, exploits, develops, and produces mineral and energy resources comprising oil and gas, uranium, and thermal coal; and invests in mineral and energy resources projects, entities, and companies. Further, the company provides steel making raw materials; base metals consisting of aluminum, copper, lead, nickel, tin, and zinc; and precious metals and stones, such as gold, silver, platinum, and gemstones. Blumont Group Ltd. was incorporated in 1993 and is headquartered in Singapore.

  godblessme1 likes this.
 
kenlfo Why ABL keep on dropping like no ending?
05/12/2013 12:20
kenlfo CEO REQUESTed FOR TRADING HALT at 9.15am
06/12/2013 11:08
inphyy Coal miner seeks payment from Blumont

Resource Generation says A$22.6m payment for 15% stake not received on due date

http://www.businesstimes.com.sg/premium/companies/others/coal-miner-seeks-payment-blumont-20131206
06/12/2013 16:25
WallSTBull Does anyone knows what will happen when it gets $0.01? This counter will get unlisted from SGX?
06/12/2013 21:04
inphyy U mean delist? me guarantee u wouldn't. Still can trade 0.009 to all the way 0.001
06/12/2013 21:33
ticktock any news?
09/12/2013 16:39
albertlaw http://www.flickr.com/photos/caricature/11286999805/
09/12/2013 17:57
kenlfo Alexander Molyneux already bought 135mil shares?
10/12/2013 10:12
Hokkien Please advise where u get the info from? How much is the buying price? I don't think he has the money to buy 135m shares even he managed to negotiate for $0.05 a share, that mean he needs to pay $6,750,000.
10/12/2013 21:56
kenlfo Hokkien, this is a Question only.
11/12/2013 10:58
Nallayak No lah, broker refuse to release shares as holding it as lien
12/12/2013 20:35
albertlaw Alex has the means to buy Bluemont

That means he shd have the means to buy Bluemont not just a falsefront as many have predicted



Looks like Alex has his interests in Celsius Coal: http://www.asx.com.au/asxpdf/20131212/pdf/42ll0s85bxwjnb.pdf
12/12/2013 23:31
kenlfo Alex will only becomes the chairman after acquire the 135 mil shares?
13/12/2013 09:40
inphyy UPDATE ON DISPUTE WITH PROSPECT RESOURCES LIMITED

http://infopub.sgx.com/FileOpen/BGL_PSC_13122013.ashx?App=Announcement&FileID=267732
13/12/2013 19:32
htekh984 No wonder the share shoot up end of the trading term
13/12/2013 19:51
htekh984 Hope it shoot up more next year
13/12/2013 19:52
albertlaw No did not buy at the bottom,,wanted to catch hesistated it went upwards.Ytday bought 500lots at $0.099..Hope Bluemont has already bottomed and now shd move higher..break thru resistance,,,was thinking how much can lose at the price I bought since bank's interest $50k not even $2 per month..hope 2nd time lucky with this purchase and all best wishes for those vested here.



http://www.flickr.com/photos/caricature/11305217063/
13/12/2013 23:19
Nallayak Asiasons the leader now, may play follow the leader
14/12/2013 16:25
albertlaw Made first round buy during designated period and sold on Oct 21 after the lifting..recently Bluemont hit a low of $0.056 bought went in at a high $0.099 as I trust Alex the incoming CEO see his credentials

Do you know Alex personally to vouch for his abilities and credibility?

As far as his track record shows, this guy has no credibility. He has a seriously tarnished reputation. Known to many as a scum.

..See Alex's record..I believe Bluemont has bottomed bouncing from$0.056 recently..I bought as I think Alex has his records and credentials to prove his mettle

That Angmoh you speaks of, not your average ang moh.

That Angmoh was once a:
Hold an Econ degree => Not only an economic person but also an economist. Sure he got the tools and knowledge to do a proper valuation on any investment. But whether his valuation is correct or not is another issue.
Head of Metal and mining in Citibank for 10 years => No capability can climb up and hold on to that seat for 10 years?
One of the highest paid CEO in Canada in 2010=> Reinforced his ability, not capable who want to hire with such salary?
His previous firm, SouthGobi Resources grew 60+% in 2010 => > > Good growth but might be due to local government support
Currently holding leadership position in 3 other firms, besides Blumont. 2 out of 3 of these firms are listed firms. ==> > > Say something about his credibility. Listed firms always avoid having dubious character on their board, as doing so would depress their share price.
Age: 38 only===> > > Still a long way to go. If he decided to cheat now, he is destorying his own career prospect.
His current stake in Blumont only 1.3millions====> > > His previous annual pay from SouthGlobi is more than 3millions=> > > > He need to resort to con and destory his own career prospect just to save his stake in Blumont, which is equivalent to only half his annual salary? Worth it?
chensing is online now Report Post
15/12/2013 13:28
Nallayak ang Moh says blumont in big danger, he's no lawyer don't know how to solve blumont legal woes, walked away best for him why get bogged down
15/12/2013 15:45
Nallayak Citibank trained their ppl not to waste time on bad prospect and ang moh will follow ctibank training
15/12/2013 15:46
inphyy DEED OF SETTLEMENT WITH RESOURCE GENERATION LIMITED

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=1025839&fileId=Deed_of_Settlement_181213_Announcement.pdf
18/12/2013 10:38
kenlfo US$30,000,000 LOAN FACILITY FROM WINTERCREST ADVISORS LLC

http://sgx.i3investor.com/servlets/anpth/137050.jsp
26/12/2013 11:03
kengfp USD30mil loan.... for investments and working capital, can be good news also bad news. Foresee high gearing ratio, unless a profitable investment.
26/12/2013 12:16
kenlfo no news is good or bad news?
06/01/2014 13:01
kengfp no news = good news? =.='
07/01/2014 15:13
Peter Chen What happen in 2013
2013年最资深有经验美丽的企业公主
http://aseantradinglink.blogspot.com/2014/01/what-happen-in-2013.html
07/01/2014 22:02
inphyy PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF HUDSON MINERALS HOLDINGS PTE. LTD. TERMINATION OF THE SALE AND PURCHASE AGREEMENT

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=1027690&fileId=BGL_TerminationofHMPL_08012014.pdf
08/01/2014 18:11
Hokkien Don't ever believe the acquisition. Just ask yourself a simple question, where to get the money?
09/01/2014 22:30
Invest8124 Everything goes up will come down, likewise, everything goes down will come up. Hold on guys.
09/01/2014 23:40
Wong Chie Kiong so cheap now..
10/01/2014 10:34
0665hock very cheap
10/01/2014 21:22
0665hock their low is 0.015...so still got room to go down
10/01/2014 21:24
albertlaw Looks like Bluemont not really desperate for cash....can channel money meant from working capital for capital expansion







BLUMONT GROUP LTD.

(Company Registration No. 199302554G)

(Incorporated in the Republic of Singapore)





USE OF NET PROCEEDS FROM THE RIGHTS ISSUE 2013





Unless otherwise defined, all terms used in this announcement shall bear the same meanings

ascribed to them in the announcement by the Company dated 29 July 2013 (the ?Rights Issue 2013

Announcement?) on the proposed renounceable non-underwritten rights issue of up to 861,002,293

new ordinary shares in the capital of the Company (the ?Rights Issue 2013?) and the announcements

by the Company dated 25 October and 7 November 2013 (the ?Previous Announcements?) on the

use of the Net Proceeds (as defined below).



1. UPDATE ON USE OF THE NET PROCEEDS



The Board of Directors of Blumont Group Ltd. (博 诺 有 限 公 司 ) (the ?Company?, and together

with its subsidiaries, the ?Group?) refers to the Rights Issue 2013 completed on 21 October

2013, which raised net proceeds of approximately S$42.67 million (the ?Net Proceeds?) (after

deducting expenses of approximately S$380,000).



Further to the Previous Announcements, the Company wishes to announce that the Net

Proceeds have been further utilised as follows:



(a) approximately S$7.65 million for the business expansion of the Group (equivalent to

approximately 17.9% of the Net Proceeds), comprising:



(i) S$0.60 million for completion of the fifth tranche of subscription of shares in Cokal

Limited, as announced on 20 November 2013



(ii) S$0.63 million advanced to Cokal Limited under a loan facility of up to US$8.00

million, as announced on 5 November 2013



(iii) S$0.58 million drawn down by Celsius Coal Limited under the Convertible Note

Deed, as announced on 7 February 2013



(iv) S$0.26 million drawn down by Azarga Resources Limited under the Azarga

Facility, as announced on 28 August 2013



(v) S$1.14 million advanced to Resource Generation Limited (?RES?) as part payment

of the AUD$2.50 million advance payment under the deed of settlement dated 18

December 2013 in relation to the subscription of shares in RES by the Company,

as announced on 18 December 2013 and



(vi) S$4.44 million for the repayment of an interest-free director?s loan which was

utilised as follows:



1. (A) S$1.24 million for the subscription of shares in Cokal Limited (B) S$0.45

million for the subscription of shares in Kidman Resources Limited and (C)

S$1.34 million for the subscription of shares in Discovery Metals Limited, as



announced on 8 July 2013, 13 August 2013 and 19 September 2013

respectively



2. S$0.34 million drawn down by Celsius Coal Limited under the Convertible

Note Deed, as announced on 7 February 2013 and



3. S$1.07 million drawn down by Azarga Resources Limited under the Azarga

Facility and



(b) approximately S$1.11 million for general working capital purposes (equivalent to

approximately 2.6% of the Net Proceeds) which was utilised as follows:



(i) S$0.26 million for wages and salaries



(ii) S$0.02 million for professional and statutory fees



(iii) S$0.77 million for legal and consultancy fees and



(iv) S$0.06 million for rental fees and general administration.



2. CHANGE IN STATED USE OF THE NET PROCEEDS



The percentage allocation of the Net Proceeds has changed from that disclosed in the Rights

Issue 2013 Announcement. The Net Proceeds were to be used for the following purposes:



(a) 80% of the Net Proceeds to fund the Company?s business expansion through, inter alia,

acquisitions, investments, joint ventures and/or other collaborations and



(b) 20% of the Net Proceeds for general working capital purposes.



As the Company has and is expected to have sufficient cash or funds from operations to meet

its existing and future general working capital requirements the Company has re-allocated

S$6.73 million previously allocated for general working capital purposes for use in the business

expansion of the Group.



3. CUMULATIVE USE OF THE NET PROCEEDS



The Company has now fully utilised the Net Proceeds. The cumulative percentage breakdown

of the use of the Net Proceeds is as follows:



Use of Net Proceeds

Cumulative amount utilised

as at 10 January 2014

As a percentage of

the Net Proceeds

Business expansion of the Group S$40.87 million 95.8%

General working capital purposes S$1.80 million 4.2%

Total S$42.67 million 100%





By Order of the Board

BLUMONT GROUP LTD.

James Hong Gee Ho

Executive Director

10 January 2014
10/01/2014 23:12
Hokkien If Blumont were cash rich, why need to sell IPCO's shares even at a very low price?
11/01/2014 21:13
albertlaw They sold Innopac recently...still at profit to them..not Ipco..portoflio adjustment
14/01/2014 16:05
inphyy Blumont makes takeover offer for Genesis Resources, plans to pay by issuing new shares

http://www.straitstimes.com/breaking-news/money/story/blumont-makes-takeover-offer-genesis-resources-plans-pay-issuing-new-share
24/01/2014 09:19
kenlfo volumes sudden jump?
18/02/2014 10:54
Frant Denner Post removed. Why?
04/04/2014 17:15
Nallayak palm oil trading the best, very volatile even stan chart does it
04/04/2014 19:57
kenlfo Non-stop dropping? Still don't know the depth of the hole.
09/04/2014 10:00
Nallayak Even Ang Moh Chairman run road, very far to drop lah
10/04/2014 19:42
kenlfo haha...will this company goes towards bankruptcy
11/04/2014 10:23
dicklinglk Blueblack liao ....
11/04/2014 21:58
Nallayak under CAD investigation Ang Moh ran, everyday interview where got time to do business, next time must put interviews in CV also
20/05/2014 20:02
nicholas79 why goes up suddently?!! Any news
06/06/2014 15:21
kenlfo extraordinary transaction and jump >40%
09/06/2014 16:55
dsavafvad stunned like a vegetable
17/04/2015 09:30
Stock Analyst Ayush Post removed. Why?
17/04/2015 15:18
dsavafvad http://valueinvestorresearchsgx.blogspot.sg/2015/04/auditor-raises-issue-on-blumonts.html
20/04/2015 19:13


 

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