Geo Energy Res    Last:0.355    -0.005

Geo Energy

wah lau, is this counter hopeless alr???

 

wow drop also huat ?? u guys shorted?

 

finally confirm........huat huat......this one really to fire up.

 

Good news! huat huat ah...but, Y still no release yet??

 

Company entered into a conditional sales & purchase agreement for its 5th mine concession in 2013. The agreement was for an acquisition of 97.9% interest in the capital of PT Surya Tambang Tolindo. This new concession, spanning a total concession area of 4,600 hectares, is estimated to contain higher calorific value coal of 7,200 kcal/kg (GAR) and semi-coking coal, expanding the Group’s range of production. On the previous four concessions which the group entered on 25 Feb: four mining concessions in Kutai Barat Regency, East Kalimantan. Each of the four options to purchase agreements, when converted, will result in Geo holding an aggregate of 93% interests in the 4 mining concessions in East Kalimantan totaling 21,377 ha. These 4 target companies have not commenced coal production and are currently loss-making. The Group previously stated its intention to continue to enter into suitable coal mining arrangements with other third party sources to gain access to new concession areas in order to expand its operations. All 4 mining concessions will be bought from Gold Lion Resources Ltd- an investment holding company incorporated in the British Virgin Islands and its sole beneficial shareholder is Mr Kandhy Haribowo. The independent technical reports for i) PT Bomboy Central Prima Coal and ii) PT Karya Permata Prima (iii) PT Kencana Wilsa and iv) PT Central Coalindo Utama are estimated to be completed in July, August and September 2013, respectively. All the five potential mine concessions are situated in areas neighbouring the Group’s current BEK mine in East Kalimantan and will allow the Group to synergise its upcoming operations to cater to its operations in the aforementioned mining concessions.

 

Buying another land

 

Any update? Halt for so long hours  liao...

 

Hope have good news and shoot up all the way

halleluyah      ( Date: 11-Apr-2013 17:52) Posted: U r right....req fr trading halt TBS123      ( Date: 03-Apr-2013 23:26) Posted: Heard that going to halt within this few day. But don't know good or bad new.

 

U r right....req fr trading halt

TBS123      ( Date: 03-Apr-2013 23:26) Posted: Heard that going to halt within this few day. But don't know good or bad new.

 

GEO ENERGY RESOURCES LIMITED REQUEST FOR TRADING HALT

 

Rotation play....

 

what happened ah? haha haven been catching the news, busy with work!

 

Up up up...huat ah!!! Show power liao!

 

bishan22 u shorting ah?

bishan22      ( Date: 11-Apr-2013 10:57) Posted: Failed to take off.

 

Failed to take off. 

 

wads up tmr?

 

wait and watch tomolo .....

 

even with STI above 3.3k, this counter is still not reacting :s

 

looks like Geo energy is falling exactly according to plan of   14 mar when geo energy   was still at 59

for more details , see my geo energy chart   tq.

 

hello123      ( Date: 14-Mar-2013 19:54) Posted: geo energy may fall to 51.5   rebound then maybe 47.5 then ..  for more details see my geo energy chart ( click here)   tq

 

well the rumour of halting for announcement has been in the market for 2 months already up to date nothing has happened ...... only see price keep dropping...... judge for yrself rumour real or not lor ..... if real price action tells the best story

the way i see it someone must be selling big time for the price to keep coming down if rumour is real shouldnt they be buying instead of selling?? i trust my charting more than rumours ............. break 0.5 next target 0.48 follow by 0.435