Geo Energy Res    Last:0.35    -0.005

Geo Energy

JMS213      ( Date: 26-May-2013 21:27) Posted: Is there any further news catalysts ? Please share with us. Otherwise the stock will deflate further. The BBs' IPO closed on the 17 Oct 2012 and on the 12 Mar 2013 Chairman Antonny Melati has to response to SGX queries. I'm not surprise if it goes below 40 cts. teeth53      ( Date: 22-May-2013 16:12) Posted: It's difficult to to down grade to ipo prices when Directoe bot, 48 cents coming.......(think so) si si huat....arhh.

 

Consolidating fr too long wth a lau sai/diarrhea mkts sentiment scared might break support level. Coal px dropping also. Directors just bot kacang puteh lots only...no impact. 

ozone2002      ( Date: 30-May-2013 15:53) Posted: consolidating very long.. but looks like there's support from insiders as reported below follow the big money.. gd luck dyodd @ GEO ENERGY, SAN TEH: Independent directors buy shares Written by Leong Chan Teik Thursday, 30 May 2013 11:48 IT IS NOT common for independent directors to buy shares in the companies whose boards they serve on. Geo Energy stock has declined from a peak of 65 cents in Jan 2013 as coal prices softened. Chart: BloombergSome directors hold the view that by not being vested, they can better maintain an independence that would serve the interest of minority shareholders. However, legendary investor Warren Buffett likes it that his board of directors at Berkhshire Hathaway comprises of shareholders, and big ones at that. " At Berkshire, board members travel the same road as shareholders," Buffett wrote in his 2004 letter to shareholders, adding in 2005, " I know of no other board in the country in which the financial interests of directors are so completely aligned with those of shareholders." It's noteworthy that two IDs of Geo Energy Resources have just bought shares in the Indonesian coal mine owner-cum-operator which listed on the Singapore Exchange in Oct 2012. Lu King Seng (left) and Ong Beng Chye. Photo: annual reportOng Beng Chye bought 100,000 shares on May 14 at 43 cents apiece, while Lu King Seng got in earlier at a higher price: 300,000 shares on 25 April at 46.5 cents apiece. These are the first transactions for them, and were made after the stock had descended substantially from recent highs. The stock recently has traded lower -- to around 42 cents. The two IDs are accounting-trained and experienced in financial matters. Lu King Seng has more than 6 years of commercial experience as CFO and 9 years of audit experience in London, according to Geo Energy's annual report. Ong Beng Chye has more than 20 years of experience in the financial sector, having served in various roles including group financial controller, and is currently the audit committee chairman of listed Hafary Holdings. Another board member who is a non-executive director, the famed investor Jim Rogers, also has a vested interest in the company. ozone2002      ( Date: 18-May-2013 10:51) Posted: Consolidating for the past week ard 42c.. technicals oversold, likely to breakout upwards from consolidation.. look out for it.. gd luck dyodd

 

Bro, we are looking for pounds but it looks like shillings 100,000 @ $0.43 is a paltry $43,000 even 300,000 @$0.465 is $139,500. Pretty insignificant !!

If this will spur the directors to buy much more maybe 10,000,000 shares. 

ozone2002      ( Date: 30-May-2013 15:53) Posted: consolidating very long.. but looks like there's support from insiders as reported below follow the big money.. gd luck dyodd @ GEO ENERGY, SAN TEH: Independent directors buy shares Written by Leong Chan Teik Thursday, 30 May 2013 11:48 IT IS NOT common for independent directors to buy shares in the companies whose boards they serve on. Geo Energy stock has declined from a peak of 65 cents in Jan 2013 as coal prices softened. Chart: BloombergSome directors hold the view that by not being vested, they can better maintain an independence that would serve the interest of minority shareholders. However, legendary investor Warren Buffett likes it that his board of directors at Berkhshire Hathaway comprises of shareholders, and big ones at that. " At Berkshire, board members travel the same road as shareholders," Buffett wrote in his 2004 letter to shareholders, adding in 2005, " I know of no other board in the country in which the financial interests of directors are so completely aligned with those of shareholders." It's noteworthy that two IDs of Geo Energy Resources have just bought shares in the Indonesian coal mine owner-cum-operator which listed on the Singapore Exchange in Oct 2012. Lu King Seng (left) and Ong Beng Chye. Photo: annual reportOng Beng Chye bought 100,000 shares on May 14 at 43 cents apiece, while Lu King Seng got in earlier at a higher price: 300,000 shares on 25 April at 46.5 cents apiece. These are the first transactions for them, and were made after the stock had descended substantially from recent highs. The stock recently has traded lower -- to around 42 cents. The two IDs are accounting-trained and experienced in financial matters. Lu King Seng has more than 6 years of commercial experience as CFO and 9 years of audit experience in London, according to Geo Energy's annual report. Ong Beng Chye has more than 20 years of experience in the financial sector, having served in various roles including group financial controller, and is currently the audit committee chairman of listed Hafary Holdings. Another board member who is a non-executive director, the famed investor Jim Rogers, also has a vested interest in the company. ozone2002      ( Date: 18-May-2013 10:51) Posted: Consolidating for the past week ard 42c.. technicals oversold, likely to breakout upwards from consolidation.. look out for it.. gd luck dyodd

 

The directors' holding is nothing compared to the 3 tranches at more than1,000,000 each (with one at 1,535,000 shares selldown). 

 

I don't think so. Look at the massive selldown. Apparently someone had offloaded massive of their holdings in this BBs. They knew it will go below 40cts, downside continue to prevail. It is a bear trap. Not vested

 

Tikam abit at 0.43.....see got kopi money or not?

 

consolidating very long.. but looks like there's support from insiders as reported below

follow the big money..

gd luck dyodd

@ GEO ENERGY, SAN TEH: Independent directors buy shares

ozone2002      ( Date: 18-May-2013 10:51) Posted: Consolidating for the past week ard 42c.. technicals oversold, likely to breakout upwards from consolidation.. look out for it.. gd luck dyodd

 

NV Energy shares jump on Berkshire buy

SAN FRANCISCO (MarketWatch) — NV Energy Inc. shares jumped late Wednesday on news that a Berkshire Hathaway Inc. subsidiary is buying the Las Vegas-based electricity and natural-gas utility.

NV Energy shares rallied 24% to $23.94 in heavy volume after it said Berkshire’s MidAmerican Energy Holdings Co. is acquiring it for $23.75 a share, or $5.59 billion. Including debt, the deal is valued at about $10 billion, the companies said.

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...any energy counters here has the potential as well^??? 

 

Agreed with you and jms, skeleton not out of the closet, " Pursuant to discussions with the Vendor, the independent technical reports for (i) PT Bomboy Central Prima Coal and PT Karya Permata Prima (ii) PT Kencana Wilsa and (iii) PT Central Coalindo Utama  are estimated to be completed in July, August and September 2013, respectively."

Also, for the BBs to regain strength, like one analyst mentioned few key events need to materialise :  1) significant resource to reserve conversion at BEK coalmine

2) earnings accretive acquisition of fresh mining concession that will help GER grow its coal production beyond 2016

3) realisation of higher coal prices as compared to their estimate and

4) announcement of maiden dividend payments.



 

luketoh      ( Date: 27-May-2013 15:58) Posted: I reckon this will be a long term investment . Be prepare to go below 40 cts...

 

I reckon this will be a long term investment . Be prepare to go below 40 cts...

 

Is there any further news catalysts ? Please share with us. Otherwise the stock will deflate further. The BBs' IPO closed on the 17 Oct 2012 and on the 12 Mar 2013 Chairman Antonny Melati has to response to SGX queries. I'm not surprise if it goes below 40 cts.

teeth53      ( Date: 22-May-2013 16:12) Posted: It's difficult to to down grade to ipo prices when Directoe bot, 48 cents coming.......(think so) si si huat....arhh.

 

" Jim Rogers(" JR" )  entered into an agreement dated 3 Jan 2013 with Charles Antonny Melati (“CAM”), granting to JR, on the day after the expiry of CAM’s 1 year share moratorium (given in connection with the Issuer's IPO) a call option over 2 million shares of the Issuer (owned or to be owned by CAM). The call option’s exercise price is S$0.35 per share, with exercise period of 10 years, commencing 1/1/2015. The call option is exercisable in whole or in part and subject to conditions precedent. The number of shares under the call option is subject to adjustment provisions.

http://www.nextinsight.net/index.php/component/ccboard/view-postlist/forum-3-sgx-stocks/topic-4972-geo-energy-resources

 

Bro, is that why you are waiting .... and not rushing in even though it looks so tempting.

halleluyah      ( Date: 21-May-2013 09:41) Posted: 0.36 is a vry vry gd bargain.....am waiting. No hurry as Dow most likely will fall in coming wk. JMS213      ( Date: 21-May-2013 09:26) Posted: Supreme teeth53, As long as the skeleton is not out, agreed with me, the downside prevail.

 

You may want to check this up someone wrote " This is the call option between Jim Rogers  and Charles Antonny Melati, 2 million shares at $0.35."  

Guess the Guru knows his homework, even if the BBs nosedive, he is still in a very safe position isn't. 

teeth53      ( Date: 22-May-2013 16:12) Posted: It's difficult to to down grade to ipo prices when Directoe bot, 48 cents coming.......(think so) si si huat....arhh.

 

This is the dicey bit, technically Moving Average Convergence Divergence is an indication, nobody can be certain which direction it will take.

Legal advisers still conducting their legal due diligence. Ultimately the governing bodies must be satisfied with the findings. Yes, now may seem attractive but can get even more attractive still .... 

 

 

Technically maybe correct, legal advisers still conducting their legal due diligence nobody can say for certain. One more query and the company will have to response. I believe the BBs is not out of the woods yet. Worse is a bear trap to milk the biles, will wait and see

JMS213      ( Date: 21-May-2013 23:14) Posted:   For your reading pleasure ... this is one company I find hard to google .... lol When are the independent technical reports expected to be completed? Company Response: Pursuant to discussions with the Vendor, the independent technical reports for (i) PT Bomboy Central Prima Coal and PT Karya Permata Prima (ii) PT Kencana Wilsa and (iii) PT Central Coalindo Utama are estimated to be completed in July, August and September 2013, respectively. In the meantime, the Company has appointed Stamford Law Corporation as its legal adviser on Singapore law and ABNR as its legal adviser on Indonesian law as well as to conduct legal due diligence in respect of the Proposed Acquisitions. The Company is also currently in negotiations with and in the process of appointing Deloitte Jakarta to conduct financial and tax due diligence in respect of the Proposed Acquisitions. The due diligence will take place and be completed concurrently with the preparation and finalisation of the ITRs. By Order Of The Board Charles Antonny Melati Executive Chairman 12 March 2013

 

http://sg.finance.yahoo.com/q/ta?s=RE4.SI& t=6m& l=on& z=l& q=l& p=b%2Ce10%2Cv& a=m26-12-9& c=

MACD signal  - weak, treading toward  00 bar over.  Bollinger -  narrower, support seen at 0.405c, resistant to breakout  for profiting is seen at 0.44c

With low volume play from Mar to April, it MACD  show sign of recovery...into late June to July.

teeth53      ( Date: 22-May-2013 16:12) Posted: It's difficult to to down grade to ipo prices when Directoe bot, 48 cents coming.......(think so) si si huat....arhh.

 

Bro, have you seen company O, director bought at a x price and drop very sharply and needed a major shareholder to stabilise the fall. Otherwise, gone already. All because of mismanagement, the plane literally nosedive ... like Lion Air if you are inside " sian xai"

 

It's difficult to to down grade to ipo prices when Directoe bot, 48 cents coming.......(think so) si si huat....arhh.

 

  For your reading pleasure ... this is one company I find hard to google .... lol


When are the independent technical reports expected to be completed?


Company Response:
Pursuant to discussions with the Vendor, the independent technical reports for (i) PT Bomboy Central Prima Coal and PT Karya Permata Prima (ii) PT Kencana Wilsa and (iii) PT Central Coalindo Utama are estimated to be completed in July, August and September 2013, respectively.
In the meantime, the Company has appointed Stamford Law Corporation as its legal adviser on Singapore law and ABNR as its legal adviser on Indonesian law as well as to conduct legal due diligence in respect of the Proposed Acquisitions. The Company is also currently in negotiations with and in the process of appointing Deloitte Jakarta to conduct financial and tax due diligence in respect of the Proposed Acquisitions. The due diligence will take place and be completed concurrently with the preparation and finalisation of the ITRs.


By Order Of The Board
Charles Antonny Melati
Executive Chairman
12 March 2013