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Luketoh said " seems like an one night counter" . I cannot agree with you more, right from the start (IPO) the money already in question.
Borrow an acronym from Blanchard, " the $$$ already ended up in Relevant Worthwhile Spending or Money in Balance Sheet."
If it happened at the start, Maybe Halleluyah is right " feeling like can drop to around ipo px." is not impossible.
When there is a mismanagement issue, it is more serious than coal prices very low. As the saying goes " where angel fear to tread" until the skeleton is revealed and changes in the management takes place. Not vested
High chance there is more downside risks.
For your reading, it has to do with their management issue. The skeleton is not out of the closet, ... it could get even cheaper still
First US$5mil was used in the Coal Sales Purchase Agreement dated 11-Dec-2012 for 4 million metric tonnes with agreed coal specifications and average stripping ratio.
Second US$5mil was used in the Coal Mining Cooperation Agreement dated 09-Jan-2013 for 650,000 metric tonnes.
Seem like Geo Energy Resources has utilised its US$10mil set aside for business expansion. But no announcement been made by company on the utilisation of its IPO proceeds, so perhaps those 2 agreements were funded internally.
1) Was curious why GEO Energy Resources did not to acquire any of their qualifying assets listed under ROFOAR using the US$10mil first but instead spend US$10mil on Coal Agreements with other coal miners. Should not it be better to have their own coal mines since they currently owns only one coal mine BEK?
2) The second Agreement coal do not seem to be a better deal than the first agreement if we compares 650,000 metric tonnes to 4 million metric tonnes using the same amount of US$5 million. Wonder if the second agreement involves better coal specifications and stripping ratio?
coal prices are very low tooo. thats why geo also affected
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. |
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Supreme teeth53,
As long as the skeleton is not out, agreed with me, the downside prevail.
It's difficult to to down grade to ipo prices when Directoe bot ( from SGX site, note - Offer Price SGD0.3250)
It seems to me the worst is not over. Maybe Halleluyah is right " feeling like can drop to around ipo px." Can tell us how you have that feeling .....
Is there skeleton in the closet ? I remembered there was some queries " What is the duration of the Coal Purchase Contract?"
Now statement that Mr Ong Beng Chye is not a substantial shareholder. What is your view ?
Will be back on rotational play, unlikely another Ausgroup. (think so)
luketoh ( Date: 17-May-2013 15:01) Posted:
| Seems like is having same fate with Aus group... |
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BBs going big on IPO-ing shr...(think so, just a wild guess)
Still not moving bro... Eying this counter for many days...
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 |
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Consolidating for the past week ard 42c..
technicals oversold, likely to breakout upwards from consolidation..
look out for it..
gd luck dyodd
feeling like can drop to around ipo px.
luketoh ( Date: 17-May-2013 15:01) Posted:
| Seems like is having same fate with Aus group... |
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Seems like is having same fate with Aus group...
Seems like an one night stand counter...
Sister ballball, money where got enuf one...lol.
ballball ( Date: 10-May-2013 16:28) Posted:
Sister, ur chinantown still not enuf kopi to drink ah? How much u looking at, to enter here?
halleluyah ( Date: 10-May-2013 16:17) Posted:
| aiyah, am monitor it vry closely....waiting fr it drop later in afternoon as volumme quite low n as i step into kitchen, come out it went up....shit arhh. Bro u got buy?? Wasted no kopi O to drink....arm too |
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Sister, ur chinantown still not enuf kopi to drink ah? How much u looking at, to enter here?
halleluyah ( Date: 10-May-2013 16:17) Posted:
aiyah, am monitor it vry closely....waiting fr it drop later in afternoon as volumme quite low n as i step into kitchen, come out it went up....shit arhh. Bro u got buy?? Wasted no kopi O to drink....arm tooi
bishan22 ( Date: 10-May-2013 16:06) Posted:
Good volume today. Look c look c for next week.  |
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No need kan cheong lah. Let market push up more before grab. This is a downtrend stock, may get trap and get kill by shortists. Good luck.
halleluyah ( Date: 10-May-2013 16:17) Posted:
aiyah, am monitor it vry closely....waiting fr it drop later in afternoon as volumme quite low n as i step into kitchen, come out it went up....shit arhh. Bro u got buy?? Wasted no kopi O to drink....arm tooi
bishan22 ( Date: 10-May-2013 16:06) Posted:
| Good volume today. Look c look c for next week. |
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