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194 comment(s). Last comment by dsavafvad at Apr 20, 2015 7:13 PM
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albertlaw
287 posts

Posted by albertlaw > Dec 9, 2013 5:57 PM | Report Abuse

http://www.flickr.com/photos/caricature/11286999805/


kenlfo
61 posts

Posted by kenlfo > Dec 10, 2013 10:12 AM | Report Abuse

Alexander Molyneux already bought 135mil shares?


Hokkien
19 posts

Posted by Hokkien > Dec 10, 2013 9:56 PM | Report Abuse

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.


kenlfo
61 posts

Posted by kenlfo > Dec 11, 2013 10:58 AM | Report Abuse

Hokkien, this is a Question only.


Nallayak
310 posts

Posted by Nallayak > Dec 12, 2013 8:35 PM | Report Abuse

No lah, broker refuse to release shares as holding it as lien


albertlaw
287 posts

Posted by albertlaw > Dec 12, 2013 11:31 PM | Report Abuse

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


kenlfo
61 posts

Posted by kenlfo > Dec 13, 2013 9:40 AM | Report Abuse

Alex will only becomes the chairman after acquire the 135 mil shares?


inphyy
338 posts

Posted by inphyy > Dec 13, 2013 7:32 PM | Report Abuse

UPDATE ON DISPUTE WITH PROSPECT RESOURCES LIMITED

http://infopub.sgx.com/FileOpen/BGL_PSC_13122013.ashx?App=Announcement&FileID=267732


htekh984
2 posts

Posted by htekh984 > Dec 13, 2013 7:51 PM | Report Abuse

No wonder the share shoot up end of the trading term


htekh984
2 posts

Posted by htekh984 > Dec 13, 2013 7:52 PM | Report Abuse

Hope it shoot up more next year


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
61 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
2 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.


kenlfo
61 posts

Posted by kenlfo > Jan 6, 2014 1:01 PM | Report Abuse

no news is good or bad news?


kengfp
2 posts

Posted by kengfp > Jan 7, 2014 3:13 PM | Report Abuse

no news = good news? =.='


Peter Chen
55 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
2 posts

Posted by Cash Only > Jan 10, 2014 10:34 AM | Report Abuse

so cheap now..


0665hock
75 posts

Posted by 0665hock > Jan 10, 2014 9:22 PM | Report Abuse

very cheap


0665hock
75 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
61 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
61 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
61 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
1 post

Posted by nicholas79 > Jun 6, 2014 3:21 PM | Report Abuse

why goes up suddently?!! Any news


kenlfo
61 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

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