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zhuge_liang Supreme	05-Jun-2007 20:56        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Update on Electro Magnetics which is under judicial management. Following several rounds of negotiations, GMG has reached agreement with Electro Magnetics to settle EML's claim for a sum of $12.6m together with continuing interest claimed to be owing by the Company to EML under an Investment Agreement dated 18 Jan '97 and the various supplemental agreements thereto ("the Claimed Amount"). The Claimed Amount is disclosed in the Company's audited financial statements for the financial year ended 31 Dec '06 and 31 Dec '05. Under the terms of the aforesaid settlement ("the Settlement"), the Company shall make payment of the Claimed Amount by way of instalment payments over a cumulative period of 90 days. The Directors are of the view that the Company is in a position to meet its obligations under the terms of the Settlement while continuing to operate in the ordinary course of business. The Directors believe that the Settlement is in the best interests of its stakeholders and provides a framework for an amicable resolution to be reached in respect of the repayment of the Claimed Amount.
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Nostradamus Supreme	04-Jun-2007 21:37        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	TOCOM rubber futures ended 1.2% higher on Monday on short-covering after steep falls last week, but gains were limited by profit-taking. The benchmark rubber contract for Nov delivery settled at 286.0 yen per kg, up 3.3 yen. "It's a technical rebound with some support from other commodities, but rubber sentiment was weak," a dealer said. Still, the technical trend for TOCOM rubber remained bearish after the key contract slipped below its near-term support last week, but it has found solid technical support at the 100-day MA of 279.7 yen. "Luckily, TOCOM prices stayed above the key support, but no one knows whether they could maintain an upward trend as they failed several times to break 300 yen," a dealer said. TOCOM rubber was expected to rise a little further this week, boosted by speculative buying after the recent falls. But improving supply would keep pressure on prices as rain in key producing countries faded away. On the physical front, most Asian physical rubber prices were quoted a little higher on Monday, in line with the rise on TOCOM. Trading revived, with several buyers, including China, the world's biggest rubber consumer, looking to buy due to concern that physical prices would rise after TOCOM rebounded, traders said. However, physical prices were not expected to rise significantly because worries about tight supply were easing, they said. In Thailand, supply was improving gradually as rain faded away. "There was less rain in Thailand's south and supply should get back to normal over the next few weeks," a trader in Thailand's Hat Yai rubber centre said.
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zhuge_liang Supreme	04-Jun-2007 16:51        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tyre makers, who purchased Indonesia's rubber last week, were on the lookout on Monday, while main buyer China may boost purchases following a drop in domestic stocks. "Either Goodyear or Bridgestone bought SIR20 last week," said a dealer in Jakarta. Rubber prices were mostly higher in Thailand and Malaysia, the world's first and third-largest producer, but concerns about tight supplies in the two countries had subsided as rains stopped. "Indonesia still offers the cheapest rubber and it's difficult for Thailand to sell to China because our price is not competitive," said a dealer in Thailand's southern city of Hat Yai. "But after a drop in Shanghai stocks, we can hope China will slowly come back. They have been using their own stocks from the warehouses," he said. China was a reluctant buyer last week and dealers speculated that Chinese players were buying stocks from warehouses in Shanghai, which fell to 96,835 tonnes on May 31 from 98,100 tonnes on May 24. But some dealers said although local buyers in China could get rubber from the warehouses they often complained about problems such as delays in deliveries. They also said China was likely to step up purchases after high prices curbed demand earlier this year. China's imports of natural rubber in Q1 '07 fell 1% to 497,370 tonnes from the same period a year earlier, customs data showed. China imports rubber from Thailand, Indonesia and Malaysia as well as Vietnam and Myanmar. "China should come again. They are still looking for nearby shipments, especially for June," said a dealer in Singapore. "I think we can expect to sell at a good price because many buyers there are quite tight," he said. Supply remained tight in parts of Indonesia especially in northern Sumatra because of the wintering. The wintering season, when rubber trees shed their leaves and latex output declines, was expected to start soon in the southern part of Sumatra.
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Green8 Senior	01-Jun-2007 18:55        Green8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You need to have holding power as the stock price will be move up fast. Buy on weakness.
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zhuge_liang Supreme	01-Jun-2007 17:44        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM bounced back, attracting repurchases on the back of gains in gold and oil products futures. The benchmark, most distant Nov '07 contract settled at 282.7 yen per kg, up 1.9 yen.
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Nostradamus Supreme	31-May-2007 18:15        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM lost further ground. The Nov '07 contract settled at 280.8 yen per kg, down 7.1 yen, after briefly slipping below 280 yen in the afternoon session.
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zhuge_liang Supreme	30-May-2007 23:12        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	TOCOM rubber futures little changed. The benchmark, most distant Nov '07 contract finished up 0.3 yen.
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Nostradamus Supreme	29-May-2007 21:55        Nostradamus About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures on TOCOM lost further ground Tuesday, pressured by bears' selling and long liquidation. The most distant Nov '07 contract closed at 287.6 yen per kg, down 5.6 yen from the previous day. Rubber futures got off to a weak start as long liquidation grew. Prices briefly pushed back to plus territory, reflecting rebounds in oil products and crude oil futures. But sentiment weakened toward the morning close. Prices fell further amid bears' selling in the afternoon session.
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zhuge_liang Supreme	29-May-2007 12:14        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures slid on Tuesday more than 1% due to profit taking as investors liquidated long positions after the benchmark contract failed to breach resistance at 300 yen. The most active rubber contract on TOCOM for Nov delivery ended the morning session at 289.7 yen per kg, down 1.2% from Monday's close. However, TOCOM prices were expected to be supported by both technical and fundamental factors including rebounding oil prices and tight physical supply. Limited supply on the physical front also lent support to TOCOM prices, dealers said. Most Asian physical rubber prices remained high despite a fall on TOCOM and trading was expected to revive this week, with the United States and Europe back from a holiday and Japanese and Chinese buyers in the market for STR20 and SIR20, traders said. Supply in Thailand, Indonesia and Malaysia -- is still tight due to persistent rain disrupting tapping.
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Nostradamus Supreme	28-May-2007 22:08        Nostradamus About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures on TOCOM lost ground on renewed selling Monday, wiping out gains in early trading. The benchmark Oct '07 contract finished at 291.6 yen per kg, falling 5.4 yen from Friday. The new Nov '07 contract ended its first day at 293.2 yen, down from its debut price of 298.5 yen. The remaining contracts from Jun to Sep were 3.4-4.9 yen lower. Rubber futures opened slightly higher, attracting bull buying on gains in gold futures. Three contracts from Jun to Aug climbed to new lifetime highs just after the start. But prices slipped back into minus territory later as long liquidation and bears' selling became active amid fears of excessive rises. Rubber futures remained at lower ground in the afternoon session.
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zhuge_liang Supreme	28-May-2007 12:54        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures in Tokyo, the global benchmark, fell for the1st day in 9 as prices dropped for crude oil, which is used to make a synthetic alternative to NR. Crude oil for July delivery fell as much as 0.8% to US$64.73 a barrel, in after-hours electronic trading on the New York Mercantile Exchange. The commodity traded at US$64.84 a barrel at 11:43 a.m. in Singapore, compared with the 3-week high of US$67.10 on May 21. "The weakness in oil is helping drag rubber down," said Mutsuki Okubo, a trader at Kanetsu Asset Management Co. in Tokyo. Rubber for delivery in Oct fell 1.9% to 291.4 yen a kg by the time of the lunch break on TOCOM. The most-traded contract climbed as high as 298.2 yen a kilogram in Tokyo last week, prompting some traders to speculate it would break through 300 yen this week. Kanetsu's Okubo said today traders are selling out of bets on further price increases, or long positions, on expectations the contract will not rise beyond 300 yen. "We tried twice to break through 300 yen this year and each time, it fell after that, so traders are afraid to push rubber up to that level and are instead liquidating their long positions," Okubo said in an interview. Crude rubber held at Japanese warehouses fell to 17,998 metric tons as of May 10 from 18,101 tons at the end of Apr and 18,640 tons a month earlier, according to data from the Rubber Trade Association of Japan.
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zhuge_liang Supreme	25-May-2007 23:22        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM were mixed at the close Friday, with some contracts pushing back into plus territory on late buying. The benchmark, most distant Oct '07 contract climbed to a session high of 297 yen per kg at the close, unchanged from Thursday. Contracts from Jun to Sep were 0.2 yen lower to 0.5 yen higher. These contracts also ended at session highs. The May '07 contract drew a final settlement price of 295.9 yen on its expiration, rising 0.6 yen from the previous day. This was the 2nd highest ever expiration price next to the final price of 315.5 yen for the Jun 2006 contract. Rubber futures other than the expired contract opened slightly lower as long liquidation grew on declines in gold and oil products futures. They lost further ground after that, but they recouped part of the losses toward the morning close. Repurchases for weekend repositioning then became active toward the close.
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Nostradamus Supreme	25-May-2007 18:57        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Don't need to thank me. It's team effort that makes this and Wilmar threads great. Just give a topic rating which you think the threads deserve.
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Nostradamus Supreme	25-May-2007 00:05        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM extended gains to a 7th day Thursday with the benchmark contract driven up close to the much-touted 300-yen-per kilogram mark. The Oct '07 contract finished at 297 yen, up 1.5 yen from Wednesday, after trading in a range of 295.7 yen to 298.2 yen. Contracts from May to Sep were 0.7-1.7 yen higher. Tokyo rubber futures last broke above 300 yen in May '06 in terms of the benchmark, most distant contract. In Feb and Apr this year, the then most distant contracts tried to push above 300 yen, but to no avail. The Oct contract and three other contracts rewrote their lifetime highs. Rubber futures got off to a firm start, attracting bull buying on the back of gains in oil products and other futures. Prices repeated fluctuations in a narrow range for the rest of the day. Trading became nervous as the key contract came within reach of the 300-yen mark.
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zhuge_liang Supreme	24-May-2007 18:37        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Following are tables on the world's top regional producers and consumers of synthetic rubber in 2006:**  SYNTHETIC RUBBER PRODUCTION Ranking Region Production(Tonnes) 1. Asia/Oceania 5,248,000 2. European Union 2,718,000 3. North America 2,500,000 4. Other Europe 1,262,000 5. Latin America 720,000 6. Africa 67,000 TOTAL: 12,515,000 SYNTHETIC RUBBER CONSUMPTION Ranking Region Production(Tonnes) 1. Asia/Oceania 6,024,000 2. European Union 2,588,000 3. North America 2,032,000 4. Other Europe 894,000 5. Latin America 797,000 6. Africa 101,000 TOTAL: 12,617,000 ** All data from the International Rubber Study Group. Some numbers need balancing adjustments.
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zhuge_liang Supreme	23-May-2007 22:51        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM extended gains to a 6th day on Wednesday, wiping out the morning losses on renewed buying. The benchmark, most distant Oct '07 contract finished at 295.5 yen per kg, up 3.1 yen from the previous day. Contracts from May to Sep rose 2.5-3.9 yen. Rubber futures opened slightly lower on long liquidation on the back of declines in gold and oil products futures. The losses expanded toward the morning close. But prices swung back to plus territory in the afternoon as bull buying and short covering became active. Four contracts for May, Jun, Aug and Oct climbed to new lifetime highs.
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zhuge_liang Supreme	22-May-2007 22:19        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your're welcome, fruitty. Tokyo rubber futures climbed on Tuesday, extending gains for the 5th consecutive day as investors focused on firm oil prices and tight supply. But technical selling capped the topside of the distant months, where speculators had piled up long positions recently, analysts said. The benchmark Oct rubber futures contract on TOCOM finished the morning session at 292.4 yen a kg, up 0.4 yen from the previous close. It earlier rose as high as 294.7 yen, the highest for any benchmark since Apr 19. But still unable to break 300 yen. "The distant months have been overbought, and are technically difficult to rise further," said a dealer at a Japanese commodity brokerage. "In the mid term, however, demand from China is supportive," he said. China is keen to boost purchases and may focus on cheaper tyre-grade from Indonesia, dealers said. Unlike this time last year, there had been no serious disruption of supplies. But rubber prices remained supported in the past weeks as supplies were tight due to unfavourable weather in some producing areas. Production returns to normal around this time of the year when farmers resume tapping after the dry wintering season, when latex output falls, is over.
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fruitty Senior	22-May-2007 20:29        fruitty About Contact  Quote this Post!
x 1   x 0  Alert Admin	I like this thread, it helps me to guage the prospects of GMG in some ways. Thank you very much to Nostradamus & Zhuge_liang!
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sticw060629 Member	22-May-2007 16:20        sticw060629 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Zhuge, I am holding GMG but not so much for short term as I do believe commodities as well as biz in africa is sound, high risk, but I'm ok with it. As for your consideration, if people really just buy or sell based on whatever they read on forum without doing research or looking at TA for entry and exit then they can just treat it as tuition fee for being a student of the markets. Years ago I just chase prices, then I got burnt once, these days I hope I'm a little smarter... Cheers!
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zhuge_liang Supreme	22-May-2007 15:00        zhuge_liang About Contact  Quote this Post!
x 0   x 1  Alert Admin	sticw060629, I'm not disturbed about ranking. Just concerned that some forummers will take number of views, bad post and topic ratings at face value. When they're actually false impressions. synnexo, Maybe you're right. They're doing these out of jealousy. sohguanh, I'm not taking credit away from Hulumas. But given time, almost any stock will rise especially in this bull market. The blue chips rose first. It's just a matter of time before penny stocks started surging. You can see the 3rd liners surging on takeover rumours or if they have stories to tell. Except when the penny stocks are in deep trouble or go bankrupt.
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