albertlaw 287 posts | Posted by albertlaw > Dec 13, 2013 11:19 PM | Report Abuse 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/ |
Nallayak 310 posts | Posted by Nallayak > Dec 14, 2013 4:25 PM | Report Abuse Asiasons the leader now, may play follow the leader |
albertlaw 287 posts | Posted by albertlaw > Dec 15, 2013 1:28 PM | Report Abuse 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 |
Nallayak 310 posts | Posted by Nallayak > Dec 15, 2013 3:45 PM | Report Abuse 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 |
Nallayak 310 posts | Posted by Nallayak > Dec 15, 2013 3:46 PM | Report Abuse Citibank trained their ppl not to waste time on bad prospect and ang moh will follow ctibank training |
inphyy 338 posts | Posted by inphyy > Dec 18, 2013 10:38 AM | Report Abuse 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 |
kenlfo 433 posts | Posted by kenlfo > Dec 26, 2013 11:03 AM | Report Abuse US$30,000,000 LOAN FACILITY FROM WINTERCREST ADVISORS LLC http://sgx.i3investor.com/servlets/anpth/137050.jsp |
kengfp 454 posts | Posted by kengfp > Dec 26, 2013 12:16 PM | Report Abuse USD30mil loan.... for investments and working capital, can be good news also bad news. Foresee high gearing ratio, unless a profitable investment. |
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kenlfo 433 posts | Posted by kenlfo > Jan 6, 2014 1:01 PM | Report Abuse no news is good or bad news? |
kengfp 454 posts | Posted by kengfp > Jan 7, 2014 3:13 PM | Report Abuse no news = good news? =.=' |
Peter Chen 164 posts | Posted by Peter Chen > Jan 7, 2014 10:02 PM | Report Abuse 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 |
inphyy 338 posts | Posted by inphyy > Jan 8, 2014 6:11 PM | Report Abuse 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 |
Hokkien 19 posts | Posted by Hokkien > Jan 9, 2014 10:30 PM | Report Abuse Don't ever believe the acquisition. Just ask yourself a simple question, where to get the money? |
Invest8124 7 posts | Posted by Invest8124 > Jan 9, 2014 11:40 PM | Report Abuse Everything goes up will come down, likewise, everything goes down will come up. Hold on guys. |
Cash Only 564 posts | Posted by Cash Only > Jan 10, 2014 10:34 AM | Report Abuse so cheap now.. |
0665hock 234 posts | Posted by 0665hock > Jan 10, 2014 9:22 PM | Report Abuse very cheap |
0665hock 234 posts | Posted by 0665hock > Jan 10, 2014 9:24 PM | Report Abuse their low is 0.015...so still got room to go down |
albertlaw 287 posts | Posted by albertlaw > Jan 10, 2014 11:12 PM | Report Abuse 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 |
Hokkien 19 posts | Posted by Hokkien > Jan 11, 2014 9:13 PM | Report Abuse If Blumont were cash rich, why need to sell IPCO's shares even at a very low price? |
albertlaw 287 posts | Posted by albertlaw > Jan 14, 2014 4:05 PM | Report Abuse They sold Innopac recently...still at profit to them..not Ipco..portoflio adjustment |
inphyy 338 posts | Posted by inphyy > Jan 24, 2014 9:19 AM | Report Abuse 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 |
kenlfo 433 posts | Posted by kenlfo > Feb 18, 2014 10:54 AM | Report Abuse volumes sudden jump? |
Frant Denner 46 posts | Posted by Frant Denner > Apr 4, 2014 5:15 PM | Post removed. Why? |
Nallayak 310 posts | Posted by Nallayak > Apr 4, 2014 7:57 PM | Report Abuse palm oil trading the best, very volatile even stan chart does it |
kenlfo 433 posts | Posted by kenlfo > Apr 9, 2014 10:00 AM | Report Abuse Non-stop dropping? Still don't know the depth of the hole. |
Nallayak 310 posts | Posted by Nallayak > Apr 10, 2014 7:42 PM | Report Abuse Even Ang Moh Chairman run road, very far to drop lah |
kenlfo 433 posts | Posted by kenlfo > Apr 11, 2014 10:23 AM | Report Abuse haha...will this company goes towards bankruptcy |
dicklinglk 19 posts | Posted by dicklinglk > Apr 11, 2014 9:58 PM | Report Abuse Blueblack liao .... |
Nallayak 310 posts | Posted by Nallayak > May 20, 2014 8:02 PM | Report Abuse under CAD investigation Ang Moh ran, everyday interview where got time to do business, next time must put interviews in CV also |
nicholas79 3 posts | Posted by nicholas79 > Jun 6, 2014 3:21 PM | Report Abuse why goes up suddently?!! Any news |
kenlfo 433 posts | Posted by kenlfo > Jun 9, 2014 4:55 PM | Report Abuse extraordinary transaction and jump >40% |
dsavafvad 4 posts | Posted by dsavafvad > Apr 17, 2015 9:30 AM | Report Abuse stunned like a vegetable |
Stock Analyst Ayush 5 posts | Posted by Stock Analyst Ayush > Apr 17, 2015 3:18 PM | Post removed. Why? |
dsavafvad 4 posts | Posted by dsavafvad > Apr 20, 2015 7:13 PM | Report Abuse http://valueinvestorresearchsgx.blogspot.sg/2015/04/auditor-raises-issue-on-blumonts.html |