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we will know by tomorrow 5pm if iso is another dud. hahaha
maybe he wants you to sell so that he can buy at cheaper price? just my guess.
fastandfuriousch ( Date: 03-Oct-2013 11:13) Posted:
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lol
Rosesyrup ( Date: 03-Oct-2013 11:34) Posted:
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LOL
Rosesyrup ( Date: 03-Oct-2013 11:34) Posted:
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i'm a supporter of ipco, but i dont think blumont placement will cause ipco to rise.. blumont maybe will rise, but unlikely ipco.. cos blumont rising from 30cents to 2.40 about 8 times, ipco still at around same price as before.. market has not factor in blumont story into ipco significantly yet.. on a side note, it's weird how some bearish forummers say ipco stock will plunge if blumont collapse, when blumont rise has not cause much of a change in ipco price.. and why SGX query counter that run up too much? shouldnt they also query counters that have been too undervalued? like say " please provide possible explanation that explains why price is depressed" .. i think that will be funny haha
k2kingkong ( Date: 03-Oct-2013 11:24) Posted:
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lol..
Rosesyrup ( Date: 03-Oct-2013 11:34) Posted:
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Isolator Sensei, how come party haven't start yet? I dress nice nice sit here and wait since 9am leh. Now I sweating like (curry)pig already.
Blumont Group Ltd.
(199302554G) 298 Tiong Bahru Road #20-02/03 Central
Plaza Singapore 168730 Tel: (65) 6332 9488 Fax: (6
5) 6332 9489
1
(Company Registration No.: 199302554G)
(Incorporated in the Republic of Singapore)
STATEMENT TO REINFORCE RESPONSES DATED 1 OCTOBER 20
13 TO QUERIES RAISED BY
THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Blumont Group Ltd (?
Blumont
? or the ?
Company
?) refers to the recent queries by the Singapore Secu
rities
Trading Limited (?SGX-ST?) on the substantial increase
in the price of Blumont shares and related media art
icles,
and wishes to clarify the following:
The Company restates its initial response to the SGX tha
t the Company is not aware of any information not
previously announced concerning the Company, its subsid
iaries or associated companies which might explain the
increase in the share price.
1.
Establishment of new business activity
The Company had on 21 August 2013
formally
announced on SGXNET, a strategic move into the busin
ess
of exploration, development and production of miner
al and energy resources, including investments in
companies and projects in related sectors, as an additio
nal core business activity of the Company. In this
connection, the Company would be seeking approval in
general meeting for the additional core business
activity.
As part of this new business direction, the Company has a
cquired or is in the process of acquiring assets
in the mineral and energy resources sector since Decemb
er 2012. Over the past five months, discussions
have been held with over 20 additional potential ac
quisition targets and joint venture partners, the
majority of which are listed entities governed by the
listing rules of their respective securities stock
exchanges and investment laws in countries of operatio
n. Some of these negotiations are in an advanced
stage, and the Company expects the imminent announcem
ents of some of these deals. Such
negotiations have included different investment banke
rs, legal advisors and technical consultants
representing the Company and the prospects of interest,
in different parts of the world.
See Annex A for a list of Blumont?s recent activiti
es and Annex B for a chart that outlines the Compan
y?s
Areas of Focus, which include coking coal, thermal
coal, uranium, gold, nickel, iron, copper, oil & ga
s, and
phosphate.
2.
Strategic partners with notable track records
Blumont?s recent transactions have included strategic p
artners with industry track records and who are
recognised industry leaders and experts in their respect
ive fields. The Company believes that the market
has found comfort in this prudent investment approach.
Most recent of these, and as an example, is
Company?s announcement dated 18 September 2013, of a
joint venture with copper industry expert, Ines
Scotland, to set up Blumont Copper Pte Ltd. After t
he establishment of the joint venture, the Company
proposed the investment in Australian-listed Discovery M
etals Limited, with copper and silver production
in Botswana, on 19 September 2013.
On 16 September 2013, the Company also announced pla
ns for a significant investment in ASX and JSE
listed coal mining company, Resource Generation Limit
ed, under the leadership of renowned coal mining
Blumont Group Ltd.
(199302554G) 298 Tiong Bahru Road #20-02/03 Central
Plaza Singapore 168730 Tel: (65) 6332 9488 Fax: (6
5) 6332 9489
2
expert, Paul Jury. SGX-ST-listed Noble Group Limite
d is also an anchor investor in this project. Further
partnerships are being sought seeking out further partn
erships and joint ventures with individuals and
groups in the mineral resources sector.
3.
International interest in Blumont?s securities
The Company believes that its recent activities could
have attracted and contributed to the tremendous
interest in its securities across borders. In this respect,
the Company has in recent months been
approached by global financial parties, including an
international fund management firm, which has
expressed interest in investing in the Company by way o
f a private placement. Discussions are ongoing.
4.
Review of Management and Board structure in line wi
th new focus and proposed name change
In the same announcement dated 21 August 2013 about i
ts new business activity, the Company also
announced a proposed name change to Blumont Phoenix
Corporation Ltd. to reflect its new direction. In
line with this, the Group is in the process of reviewin
g its management and board structures, the results
of which will be announced in due course.
5.
Growing interest in mineral resources
Blumont is not alone in its recognition of the unprec
edented opportunity resulting from the recent
severe impairment of asset prices in the mineral resour
ces sector. For example, earlier this week, former
Xstrata CEO, Mick Davis, was seen raising a total of US$
1 billion from the Noble Group and private equity
investor, TPG Capital for investments dedicated to min
ing and metals industries.
Blumont wishes to emphasise that, at all times, the Comp
any has been in compliance with the listing rules and
in
particular, listing rule 703, regarding the disclosure
of material information.
By Order of the Board
Blumont Group Ltd
James Hong Gee Ho
Executive Director
2 October 2013
Blumont Group Ltd.
(199302554G) 298 Tiong Bahru Road #20-02/03 Central
Plaza Singapore 168730 Tel: (65) 6332 9488 Fax: (6
5) 6332 9489
3
Annex A
Blumont Group Ltd.?s recent investments in the mineral
and energy resources sector include:
?
Iron Ore (December 2012):
Entering into a conditional sale and purchase agreem
ent to subscribe for 2.5
million ordinary shares, representing the entire issued
share capital of Hudson Minerals Holdings Pte. Ltd.
for a purchase consideration of up to S$48.0 million
(including the assignment of the Shareholders? Loans
of not less than S$5.5 million by the Vendors to Blumo
nt)
?
Thermal and Coking Coal (March 2013):
Taken an 11.5% interest in Australian Securities Exch
ange
(?ASX?)-listed Celsius Coal Ltd., a metallurgical coal
explorer focused on developing coking and thermal
coal deposits in the Kyrgyz Republic
?
Coking Coal (July 2013):
Entering into a conditional agreement to acquire a
12.75% stake in the enlarged
capital of ASX-listed Cokal Limited, which focuses on
high margin metallurgical coal, and has interests in
coal exploration tenements in Kalimantan, Indonesia a
nd Tanzania
?
Gold (July 2013):
Leading a consortium of three partners to enter into
a conditional agreement to acquire
a 43.47% stake in the enlarged share capital of ASX-l
isted minerals explorer Prospect Resources Limited
?
Uranium (July 2013):
Entered into a conditional sale and purchase agreeme
nt to acquire 100% of
investment holding company Powerlite Ventures Limited
(?
Powerlite
?) for US$7.88 million, giving the
Group exposure to uranium projects in Kyrgyzstan and t
he US through Powerlite?s interests in Azarga
Resources Limited (?
Azarga
?), a major Asia-based uranium development and investm
ent company. On 28
August 2013, the Group announced it was expanding it
s commitment to the uranium sector by increasing
the size of its existing convertible loan facility to
Azarga by US$6 million to US$21 million
?
Copper (August 2013):
Taken a 10.7% stake in the enlarged share capital of
ASX-listed Kidman Resources
Limited, a company focused on the exploration and de
velopment of high grade copper-gold deposits
within Australia and
?
Thermal Coal (September 2013):
Entered into a conditional share subscription agreeme
nt to acquire 15%
of the potential enlarged share capital of ASX and J
ohannesburg Stock Exchange-listed coal mining
company, Resource Generation Limited, for a total in
vestment consideration of between A$20.97 million
and A$22.11 million and
?
Copper (September 2013):
Entered into a concurrent convertible bond and equi
ty placement agreement
with Discovery Metals Limited, a copper exploration a
nd production company listed on the ASX and
Botswana Stock Exchange, for a total investment consid
eration of A$116 million.
if Blumont issue private placement shares, Ipco will rise ...
just my opinion.
He BB so no need to report mah lol.
Insanity ( Date: 03-Oct-2013 11:21) Posted:
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So what happened to your shorts frm ytd? :)
fastandfuriousch ( Date: 03-Oct-2013 11:13) Posted:
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WARNING ...
My TP is lower now ....50 cents. Lol
sk6666 ( Date: 03-Oct-2013 10:54) Posted:
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ipco is still in uptrend...
waw ... you very frank leh... do you also see potential in it?
Bigmama ( Date: 03-Oct-2013 10:52) Posted:
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Yes, I think it's a good deal if you can get it cheap. I have some at 46.5 so my view may be bias.
sk6666 ( Date: 03-Oct-2013 10:28) Posted:
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he can short behind your back....lol...don't get shot! my crystal ball spoilt after 1 week....lousy brand.
Bigmama ( Date: 03-Oct-2013 10:42) Posted:
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I was analysing the block trades. I think his 25m was done in the morning when it hit buy Q at 3.6c. Anyone knows what this means? Is he the one parking huge sell Q at 3.6c. The stock can't run if his road block is there.
spss1955 ( Date: 30-Sep-2013 22:14) Posted:
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Crystal ball say buy at 4.4 when ipco is 4.6
Then crystal ball say buy at 3.7 when ipco is 3.9
Now crystal ball say 2.8 when ipco is 3.4.
I think I see a pattern in your crystal ball. Better throw it away.. Iso Sifu else you willing be say ' i..so... Stupid'
Then crystal ball say buy at 3.7 when ipco is 3.9
Now crystal ball say 2.8 when ipco is 3.4.
I think I see a pattern in your crystal ball. Better throw it away.. Iso Sifu else you willing be say ' i..so... Stupid'
Isolator ( Date: 03-Oct-2013 10:19) Posted:
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ok. set....
jomini ( Date: 03-Oct-2013 10:29) Posted:
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