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4/7/11 - announced gold pour in Mongolia,
7/7/11 - query from SGX regarding trading activity
Question 1: Are you aware of any information not previously announced concerning you (the
issuer), your subsidiaries or associated companies which, if known, might explain
the trading?
- If yes, the information must be announced immediately
Response: Neither the Board nor the Company is aware of any information not previously
announced concerning the Company, its subsidiaries or associated companies
(including the businesses, operations and finances of the Company, its
subsidiaries or associated companies) which, if known might explain the trading.
Question 2: Are you aware of any other possible explanation for the trading?
Response: Neither the Board nor the Company is aware of any other possible explanation
for the trading.
Question 3: Can you confirm your compliance with the listing rules and, in particular, listing
rule 703?
Response: The Board confirms that the Company is in full compliance with the provisions of
the Listing Manual and, in particular, Rule 703.
The obvious reason why share price jump and yet the reply did not mention that the reason is becos " gold pour in Mongolia" . Can it be that it is a " one time off" just to er........
The
Think Environmental Co Ltd is pleased to announce
that its gold recovery operations in Tsagaan Jalga, Mongolia, has
produced its first gold pour from 454.99g of gold with a recovery rate
of 95% at a highly lucrative rate of up to 0.7g/m3.
http://sgsharemarket.com/home/2011/07/singapore-company-highlights-05072011/?=ThinkEnv
ThinkEnv is taking rest this morning after breaking historical high yesterday. volume for this stock is very steady and healthy. with it's nice up-trending price, chance for it to move higher is very high. 0.90 is within reach. cheers!
0372341 ( Date: 18-Apr-2011 16:37) Posted:
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ThinkEnv is moving again. This is a very nice uptrending stock. Breaking historical high is in the making. Sky is the limit now.
http://pick-the-winning-stock.blogspot.com/
The Think Environmental Co Ltd announced that Emas Mali S.A. has signed a partnership agreement with Sourakata Mining & Trading. This move brings The Think Environmental Co Ltd a step closer to realizing its aim of amalgamating artisanal mines in Kekoro, South Mali as soon as possible.
/sgx
/**
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it? http://www.youtube.com/watch?v=kMOvjDJeOuQ 
Private Msg me here for details
The Think Environmental Co Ltd announced that its wholly-owned subsidiary, Think Investments Pte Ltd has entered into two separate Sale and Purchase Agreements to sell its respective interests in Flagship Ecosystems Investments Pte Ltd and Luoyang Sing-yu Energy Company Ltd to Opulent Investments Ltd. The aggregate consideration for the disposals is S$8,200,000 and is to be paid in cash on completion. The company is making a gain of approximately S$2.03 million from the Disposals after taking into account the retained losses of approximately S$168,939 for in Flagship Ecosystems Investments and approximately S$194,100 for Luoyang Sing-yu Energy Company.
/sgx/==
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it? http://www.youtube.com/watch?v=kMOvjDJeOuQ PM me for details
The Think Environmental Co Ltd updated that Emas Mali S.A., a company owned by Mornington Offshore Inc which it has recently proposed to acquire, has executed a heads of agreement with African Resource and Investment SARL. In the heads of agreement, Emsa intends to establish a new company named Newco in Mali , in which Emas would have 80% interest and the balance 20% held by the African Resource and Investment SARL. The African Resource and Investment SARL will transfer the Kekoro licence currently held by it to Newco and will then jointly undertake the exploration and mining of gold with Emas under the Kekoro licence via Newco.
/sgx
With gold breaking the record high , gold related company such as gold mining company should be moving to new high soon.
Keep a look out for T
hink environmental as it is the only company in s'pore involving in gold mining directly.
Vest and good luck.
TECHNICALS
* Platinum support at $1,820 an ounce, resistance at $1,862
and 14-day RSI at 55.1.
* Silver support at $33.60 an ounce, resistance at $37.10
and 14-day RSI at 69.4.
(Reporting by Melanie Burton, editing by Alison Birrane)
* Gold support at $1,417 an ounce, resistance at $1,450 an
ounce and 14-day RSI at 68.5.
Think Environmental had gain control of gold concessions in Mali in Western Africa, thus making it the only Singapore-listed company with gold mining assets.
With gold trading at the peak of US$1433/OZ, I strong believe that it should break it resistance trading above $1.00 in month to come.
Do keep a look out, Vest and good luck.
The Think Environmental Company Ltd announced that its subsidiary, Industrial Power Technology Pte Ltd, has entered into an EPCC contract with FTJ Bio Power Sdn Bhd for a RM87.0 million turnkey project for the construction of a 10.0 MW empty fruit brunch biomass power plant to be located at Jengka, Pahang , Malaysia . FTJ Bio Power Sdn Bhd is a joint venture company between Felda Palm Industries Sdn Bhd and Tenaga Nasional Bhd.
/sgxmasnet/
| Think Environmental up on gold miner stake |
| WRITTEN BY THOMSON REUTERS |
| TUESDAY, 28 DECEMBER 2010 10:30 |
Shares of Think Environmental (THEC.SI), a Singapore-based firm that invests in and manages renewable energy businesses, rose as much as 2.9% today after it said it will acquire 70% of gold miner Mornington Offshore for US$35 million ($45.4 million).
At 10:22 a.m., Think Environmental shares were trading at $0.72 on a volume of 4 million shares. The acquisition will give Think Environmental control of gold concessions in Mali in Western Africa, thus making it the only Singapore-listed company with gold mining assets, it said in a statement.
“Logically it should be positive, but this company hasn’t got a long track record. It’ll take a while for people to see if it’s a great investment, and also how much reserves there are in this gold mining company,” said a local trader.
“Although gold prices are high, but at the end of the day what’s important is whether you have a lot of gold reserves,” he added.
Spot gold edged higher to US$1,386.30 ($1,797.6) an ounce on Tuesday, as the dollar fell nearly half a% in thin year-end trade, and strong demand is expected to lend support to the bullion into the new year.
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Previous S$0.350
Target S$0.135 ?????????????
SINGAPORE EQUITY
Investment Research
DMG & Partners Research Corporate Update Private Circulation Only
ENVIRONMENT
Tan Chee How
+65 6232 3894
chee-how.tan@dmgaps.com.sg
THE THINK
ENVIRONMENTAL CO
SELL
Price S$0.660
Terence Wong, CFA
+65 6232 3896
terence.wong@dmgaps.com.sg
Previous S$0.350
Target S$0.135
Integrated green business
Integrated green business operator with focus
in waste management, waste-to-energy, and
EPC units across Asia and UK.
Stock Profile/Statistics
Bloomberg Ticker TENV SP
STI 3,148
Issued Share Capital (m) 719
Market Capitalisation (S$m) 475
52 week H | L Price (S$) 0.690 0.355
Average Volume (‘000) 5,579
YTD Returns (%) 73.7
Net gearing (x) Net cash
Altman Z-Score 7.2
ROCE/WACC 0.7
Beta (x) 0.8
Book Value/share (RMB¢) 6.6
Major Shareholders (%)
Sandalford Capital 15.5
Asiasons Investment 10.9
Share Performance (%)
Month Absolute Relative
1m 45.1 47.1
3m 63.0 60.3
6m 61.0 50.4
12m 85.9 74.1
6-month Share Price Performance
0.35
0.40
0.45
0.50
0.55
0.60
0.65
0.70
Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10
New gold venture in Africa a negative
The Think Environmental Co (TENV) announced it has entered into a MOA with
Mornington Offshore Inc (Mornington) for the proposed investment in the latter
which owns 100% stake in a gold exploration company, Societe Emas Mali SA
(SEM). We view TENV’s move into offshore gold mining negatively due to 1) its
shift in focus away from the troubled environmental business, and 2) the lack of
experience in offshore gold mining in a new country. In addition, we are cutting
our FY11F-FY12F estimates by 95%-77% respectively due to disappointing
delays in operations of the UK-based associates – Think Environmental (TE) and
Think Greenergy (TGE). Maintain SELL with lower TP of S$0.135 based on 14x
FY12F PATMI, in-line with peers average P/E.
No details on the proposed investment as yet. Through SEM, Mornington has
two mining exploration licences over Kolassokoro and Dougoufin in Mali, Africa’s
third-largest gold producer. At this stage, details of the investment in Mornington
remain scanty. Based on a report from the Department of Geology and Mining
issued in Mar 2010, the mine covered by the Kolassokoro Licence has a
geological reserve of >50MT of gold. Currently, due diligence exercise is being
carried out and upon satisfactory findings, TENV will only enter into binding
contractual terms with Mornington. Given that 1) the management has no proven
record in offshore gold mining, and 2) offshore gold exploration is filled with
uncertainty, we view TENV’s choice of business diversification negatively.
Continued delays in TE and TGE operations to hurt earnings. Based on
1HFY11F results, not only TGE has not commenced its waste-to-energy
operations, TE – a waste processor – is also incurring huge losses. Hence, we
cut TE’s estimated processed waste tonnage by 93%/76% to 36k MT/188k MT in
FY11F/FY12F respectively. Separately, we think TGE will not commence
operations until FY12F at the earliest and have cut its estimated electricity output
by 86% to 112k MWH in FY12F.
FYE 31 Mar (S$ m) FY09 FY10 FY11F FY12F FY13F
Turnover 79.8 72.3 76.8 89.0 92.1
Net profit (5.2) 2.9 0.8 6.7 19.3
Core net profit (4.4) 0.7 0.8 6.7 19.3
% chg YoY nm nm 14.4 716.5 186.3
Consensus
EPS (S¢) (0.9) 0.4 0.1 0.9 2.7
DPS (S¢) - - - - -
Div Yield - - - - -
ROE (%) n.m. 5.7 1.6 11.8 25.2
ROA (%) n.m. 3.0 1.1 7.9 16.6
P/E (x) n.m. 166.4 574.6 70.4 24.6
P/B (x) 10.0 9.5 9.4 8.3 6.2
The Think Environmental Co Ltd (TTEC) announced that it will acquire Mornington Offshore Inc., giving the company control of gold concessions in the Republic of Mali in Western Africa that are wholly owned by Mornington, and making TTEC the only main board listed company in Singapore with gold mining assets. Subject to satisfactory due diligence, TTEC will acquire 70 percent of Mornington for US$35 million from Avalon Ventures Corp., with an initial US$5 million to be paid via TTEC shares priced at S$0.6890 per share. The remaining sum will be paid on a structured performance fee basis that is dependent on the quantity of gold produced and audited reserves based on JORC standard certifications (measured and indicated). Additionally, TTEC will have the option of paying up to 70 percent of the performance fee through the issuance of new TTEC shares.
/sgx masnet/
| Think Environmental cut by DMG; Keeps Sell |
| WRITTEN BY DOW JONES & CO, INC |
| FRIDAY, 17 DECEMBER 2010 14:26 |
DMG cuts Think Environmental (A78.SG) target price to $0.135 from $0.350 and keeps the stock at Sell after the company announced it has entered into a MOA with Mornington Offshore for the proposed investment in the latter which owns 100% stake in a gold exploration company, Societe Emas Mali.
The house says details of the investment in Mornington “remain scanty,” but views the move into offshore gold mining negatively “due to its shift in focus away from the troubled environmental business, and the lack of experience in offshore gold mining in a new country.” The house also cuts its FY11F-FY12F earnings estimates by 95%-77% respectively due to disappointing delays in operations of Think’s UK-based associates, Think Environmental and Think Greenergy.
Shares are down 3.0% at $0.640.
/theedigesingapore/icomeireadipostFYI////
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The Think Environmental Co provided additional information on its proposed investment in a Mali gold reserve. Currently it is in the midst of an extensive exploration and drilling programme to determine the measured and indicated reserves in accordance with JORC standards. Contribution from the proposed investment can only come in once production is in place. Subject to due diligence investigations, the Company is cautiously optimistic of setting up a pilot production facility within the next 12 months. The contribution the proposed investment will bring to the Company will depend on, among others, the price of gold and the amount of gold to be extracted. Preliminary studies indicate there could be significant amounts of gold to be extracted. The simplistic earnings to cost ratio in the industry is presently fairly attractive. Production cost ranges from USD250 to USD400 per ounce whereas gold price is in the region of USD1,400 per ounce.
/sgx masnet/i read i post/
| Think Environmental up on gold mine rights |
| WRITTEN BY THOMSON REUTERS |
| TUESDAY, 07 DECEMBER 2010 10:05 |
Shares of Singapore’s renewable energy firm Think Environmental <THEC.SI> rose 7% on Tuesday after it said it had signed an agreement that would allow it to obtain rights to gold mines in west Africa. At 0146 GMT, shares of Think Environmental were traded at $0.61 with over 4.4 million shares changing hands. The Think Environmental signed an agreement with Mornington Offshore, which would allow it to buy the rights to gold mines in Mali, in western Africa. The firm did not say how much the mines would cost or how it would raise the funds. “The company recently changed its business not too long ago, so this is a pretty positive development for the firm. Although details are not too clear yet, it looks like a step in the right direction,” said a local trader. |
/theedgesingapore/icome iread ipost fyi only/
news for sgx masnet
The Think Environmental Co Ltd (TTEC) announced that it has entered into a Memorandum of Agreement (MOA) with Mornington Offshore Inc. which would see the company acquire the rights to gold mines in the Republic of Mali in Western Africa . Under the MOA, TTEC proposes to invest in Mornington Offshore Inc., which through its wholly owned subsidiary Societe Emas Mali S.A., a Mali-incorporated gold mining company, owns mining licences in the Dougoufin and Kolassokoro regions.
/i come i read i post/
It was formerly known as Asia Tiger Group. The Think Environmental Co. Ltd is a Singapore-based investment holding company focused on investing in and managing businesses that are engaged in renewable energy projects and industries.
Normally when company change name, may surge. Hope I'm not wrong this time. The charts look nice, seems just starting.
Just bought at 0.38 last Friday. Volume suddenly increase 5 times, think should have more upside.
