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can short lah.....some burger already shorting at .12
Do NOT follow the shorters, it is not wise to short at this price unless you know any inside news.
If it concerns shareholders interest or any insider news, definitely SGX will probe them.
wonder will sgx step in to enquire
looks real bad...either is big timer disposing off stock if not its shortist know some bad news coming....rights or shareplacements again?
Good good, shortlist continue. Than we can get in at good price.
cool,....drop to .12 liao...something real bad coming...imagine it has gone back to may price.....
u already short? better buy back now before too late.
tchoonw ( Date: 15-Sep-2009 15:16) Posted:
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u can never short to win them if u r small player. better not. u will hit the wall only.
i wonder if its short selling or normal selling....if its shortselling then something's real bad coming....
short heavy at 12.5 and hope drop below 10 soon.
Keeping a watchfull eye for this one also.......
maybe its those who got the placement shares at 10cents now selling off for 25% profit. good price to hold some now
seems big players are shorting it at .125......price may go lower...seems like some bad news brewing...
Does anyone know how come there is such a huge selldown of HG Metal today?
with gold price passing the USD1K mark, it will also lead to an increase in other metals price...hence HG metal has good potential as it's still on it's low side and expects to cross 20c if gold price is strong.
Hi Seniors,
Today volume quite good? Still lagging?
Last year this time (August), about 0.39. Any commend?
knightrider ( Date: 13-Jul-2009 12:39) Posted:
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HG Metal’s business associates to snap up S$22.5 million new shares
Strong belief in HG Metal’s future prospects fuels demand
Singapore, 10 July 2009 – Mainboard-listed HG Metal Manufacturing Limited (“HG Metal” or “The
Group”), one of the largest steel stockists in Singapore and Southeast Asia has entered into 11 separate
subscription agreements (the “subscription agreements” and each, a “subscription agreement”) to allot
and issue an aggregate of 225,000,000 new ordinary shares (“new shares”) in the capital of the Group to
the subscribers (as defined below). The total consideration would amount to S$22.5 million. When
completed, the subscription will increase the existing issued share capital of HG Metal from S$89.5 million
comprising 550,671,962 shares to S$112.0 million comprising 775,671,962 shares.
“We are honored by the confidence which these long-term investors have in our business. With
the subscribers being mostly business associates, they are familiar with our business model and
are positive on the long term growth prospects of HG Metal.”
Mr Wee Piew, CEO of HG Metal
The subscribers have agreed to subscribe and pay for the new shares at the price of S$0.10 for each new
share (“subscription price”) in the proportions and for the consideration (“consideration”) as set out
against their names below (each a “subscriber” and collectively the “subscribers”):
Subscriber Number of New
Shares
Total Consideration
(S$)
1. Hock Lian Seng Investment Pte Ltd ("HLS") 70,000,000 7,000,000.00
2. Lingco Holdings Pte Ltd ("LCH") 30,000,000 3,000,000.00
3. Chong Thim Pheng 50,000,000 5,000,000.00
4. Ong King Sin 20,000,000 2,000,000.00
5. Chow Bon Tong 10,000,000 1,000,000.00
6. Chua Kian Lin 5,000,000 500,000.00
7. Ang Kian Lee 5,000,000 500,000.00
8. Tan Bock Huat 10,000,000 1,000,000.00
9. Teo Choon Hock 5,000,000 500,000.00
10. Yap Xi Ming 10,000,000 1,000,000.00
11. Tan Wai See 10,000,000 1,000,000.00
TOTAL: 225,000,000 22,500,000.00
eh!! never drop leh!! why ? any one can coment? don't understand leh!
lawcheemeng ( Date: 10-Jul-2009 14:00) Posted:
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omg! issue new share. 225 million at .10cts. oh no! price sure drop like rock to 10cts. just right issue no long now issue new share at 10cts, how !!!