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Overview
HeadlinesNo recent Headlines for this stock. 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.
  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 4:25 PM  WallStBull Does anyone knows what will happen when it gets $0.01? This counter will get unlisted from SGX? 06/12/2013 9:04 PM inphyy U mean delist? me guarantee u wouldn't. Still can trade 0.009 to all the way 0.001 06/12/2013 9:33 PM 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 9:56 PM  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 11:31 PM inphyy UPDATE ON DISPUTE WITH PROSPECT RESOURCES LIMITED http://infopub.sgx.com/FileOpen/BGL_PSC_13122013.ashx?App=Announcement&FileID=267732 13/12/2013 7:32 PM 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 11:19 PM 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 1:28 PM 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 3:45 PM Nallayak Citibank trained their ppl not to waste time on bad prospect and ang moh will follow ctibank training 15/12/2013 3:46 PM 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 AM kenlfo US$30,000,000 LOAN FACILITY FROM WINTERCREST ADVISORS LLC http://sgx.i3investor.com/servlets/anpth/137050.jsp 26/12/2013 11:03 AM 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 PM  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 10:02 PM 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 6:11 PM Hokkien Don't ever believe the acquisition. Just ask yourself a simple question, where to get the money? 09/01/2014 10:30 PM Invest8124 Everything goes up will come down, likewise, everything goes down will come up. Hold on guys. 09/01/2014 11:40 PM 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 11:12 PM Hokkien If Blumont were cash rich, why need to sell IPCO's shares even at a very low price? 11/01/2014 9:13 PM albertlaw They sold Innopac recently...still at profit to them..not Ipco..portoflio adjustment 14/01/2014 4:05 PM 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 9:19 AM 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 8:02 PM dsavafvad http://valueinvestorresearchsgx.blogspot.sg/2015/04/auditor-raises-issue-on-blumonts.html 20/04/2015 7:13 PM  |
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