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Post by oldman on Dec 6, 2013 17:15:07 GMT 7
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Post by zuolun on Dec 6, 2013 17:43:39 GMT 7
十个瓶子九个盖。 Ten bottles with only nine bottle caps; no matter how you play with it, one bottle is always not covered. 
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Post by odie on Dec 6, 2013 21:53:01 GMT 7
十个瓶子九个盖。 Ten bottles with only nine bottle caps; no matter how you play with it, one bottle is always not covered. i know of 2 good friends who bought but failed to dissuade them luckily they didn't buy many |
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Post by zuolun on Dec 6, 2013 22:46:11 GMT 7
i know of 2 good friends who bought but failed to dissuade them luckily they didn't buy many odie, 常在河边走，哪有不湿鞋？If you often walk by the river, you're bound to get your feet wet. |
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Post by oldman on Dec 18, 2013 13:41:59 GMT 7
Blumont share price is down 0.9cts to 8.2cts today. $22,571,236.60 is not a small amount (excludes interests) especially when one has to cough up that amount by 26th Feb 2014.... 2 months away. Interesting to see where that money will come from.
---------------
DEED OF SETTLEMENT WITH RESOURCE GENERATION LIMITED
Unless otherwise defined herein, all terms used in this announcement shall bear the same meanings
ascribed to them in the announcement by Blumont Group Ltd. (博诺有限公司) (the “Company”) dated
16 September 2013 on the Company’s proposed subscription for new shares in Resource Generation
Limited.
1. INTRODUCTION
Further to the Company’s announcement dated 6 December 2013 on the Company’s proposed
subscription for new shares in Resource Generation Limited (“RES”), the Company wishes to
inform its shareholders that the Company has entered into a deed of settlement (the “Deed of
Settlement”) dated 18 December 2013 with RES to amend the terms of the SSA.
2. TERMS OF THE DEED OF SETTLEMENT
The principal terms of the Deed of Settlement are as follows:
(a) Extension of Completion Date
The Completion Date under the SSA will be extended to 26 February 2014 (the “New
Completion Date”).
(b) Payment of the Subscription Price
The Company shall pay AUD$2.5 million to RES on or before 31 December 2013 as an
advance payment towards payment for the Subscription Price (the “Advance Payment”)
for the Placement Shares. The balance of the Subscription Price for the Placement
Shares (after deduction of the Advance Payment) (the “Balance Payment”) plus interest
on the Balance Payment (the “Interest Payment”) at a rate of 8.5% per annum
calculated on a simple basis from 4 December 2013 until the New Completion Date, will
be payable by the Company to RES on or before the New Completion Date.
If the Advance Payment is not received by RES by 4 pm (Sydney time) on 31 December
2013, the Deed of Settlement will automatically terminate.
(c) Non-Payment of the Balance Payment and Interest Payment
If the Company fails to pay to RES the Balance Payment plus the Interest Payment by 5
pm (Sydney time) on the New Completion Date, the Company will not be entitled to a
refund of any part of the Advance Payment or to be issued any of the Placement Shares.
In such an event, RES accepts that it will have no further claim against the Company in
respect of the SSA and each of RES and the Company agrees that the SSA will be
terminated on the New Completion Date and releases the other from any claims that may
be made under the SSA.
BY ORDER OF THE BOARD
BLUMONT GROUP LTD.
James Hong Gee Ho
Executive Director
18 December 2013
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Post by oldman on Dec 20, 2013 17:41:17 GMT 7
Poor Blumont. Nothing seems to be going right for them......
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UPDATE ON INVESTMENT IN DISCOVERY METALS LIMITED
_____________________________________________________________________________________
Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to its announcement dated 19 September
2013 on its proposed subscription for US$100 million in convertible bonds to be issued by Discovery
Metals Limited (“DML”). Terms defined therein shall bear the same meaning in this announcement unless
otherwise defined here.
The Company notes that DML has announced on 19 December 2013 that the Conditions Precedent have
not been satisfied and the Term Sheet has lapsed. DML has also issued a letter to the Company dated 20
December 2013 to terminate the Term Sheet.
The Company will continue to engage in ongoing discussions with DML for a mutually beneficial outcome
on the investment in DML.
Further updates on the matter will be provided as and when appropriate. In the meantime, shareholders of
the Company are advised to refrain from taking any action in relation to their shares of the Company which
may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD
BLUMONT GROUP LTD.
James Hong Gee Ho
Director
20 December 2013
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Post by oldman on Jan 11, 2014 5:31:38 GMT 7
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Post by oldman on Jan 11, 2014 5:54:35 GMT 7
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Blumont
Jan 24, 2014 20:15:33 GMT 7
Post by oldman on Jan 24, 2014 20:15:33 GMT 7
Blumont closed up 0.9cts or 12.7% to 8cts today. In the morning, they announced the takeover of Genesis Resources listed on ASX. Took a quick look at Genesis. I think if the deal goes through, there will be even more sellers..... Surprised that the market reacted so positively to the news..... ----------------------- The Takeover Bid will be made at an implied bid price (the “Bid Price”) of A$0.169 (approximately S$0.1913) per GES Share, for an aggregate consideration of up to a maximum of A$32,495,816 (approximately S$36,642,283). The Bid Price represents a premium of approximately 87.78% over the VWAP of each GES Share traded on the ASX on 22 January 2014. No valuation report was procured for the GES Shares. In agreeing to the Bid Price, the Company relied on the closing price of the GES Shares and the net asset value (“NAV”) of the GES Shares of approximately A$7,981,516 as at 30 June 2013 as well as an arms’ length commercial negotiation with the management team of GES. infopub.sgx.com/FileOpen/BGL_GES_SGX_240114_FINAL.ashx?App=Announcement&FileID=272167-----------    Genesis Resources 2013 annual report |
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Post by oldman on Feb 5, 2014 16:44:35 GMT 7
If there is a buyer at 20cts and the market price for the shares is at 7.1cts, it should be a done deal for the financial institution holding on to the pledged shares to sell to the buyer. Guess, some things, I cannot understand.
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ACQUISITION OF SHARES BY CHAIRMAN DESIGNATE
The Board of Directors of Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to the
announcements by the Company dated 7 October 2013 and 8 November 2013 (the “Previous
Announcements”) on the proposed acquisition by Mr. Alexander Molyneux, Chairman designate of
the Company, of 135 million issued ordinary shares (“Shares”) in the Company (the “Acquisition”).
All terms used in this announcement shall bear the same meanings ascribed to them in the Previous
Announcements unless otherwise defined herein.
Further to the Previous Announcements, Mr. Molyneux has informed the Company that the parties to
the Acquisition are in continuing discussions to resolve certain technical issues and completion of the
Acquisition has been deferred.
The Company will disclose any updates on the Acquisition when appropriate. In the interim, Mr.
Molyneux will remain as Chairman designate of the Company.
BY ORDER OF THE BOARD
BLUMONT GROUP LTD.
James Hong Gee Ho
Executive Director
5 February 2014
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Post by oldman on Feb 19, 2014 4:24:59 GMT 7
Coutts sues Blumont chairman for S$19.9m - 19 Feb 2014 NEO Kim Hock, executive chairman of Singapore commodities company Blumont Group, has been sued by Coutts & Co, taking the sum banks and brokers are seeking to recover from an October crash to at least US$140 million. |
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Post by oldman on Feb 28, 2014 8:39:19 GMT 7
Not sure what to make out of this. Worth viewing the following past articles as Innopac was not successful in a 28ct offer for Merlin Diamonds last year. sg.finance.yahoo.com/news/innopac-holdings-ltd-why-not-080000222.htmlwww.theaustralian.com.au/business/companies/gutnick-takeover-play-with-merlin-diamonds-falters/story-fn91v9q3-1226679821634#----------------- TAKEOVER BID FOR MERLIN DIAMONDS LIMITED 1. INTRODUCTION The board of directors (the “Board”) of Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to its previous announcements dated 17 February 2014 and today in relation to its entry into a subscription application letter with Merlin Diamonds Limited (“MED”) to subscribe (the “Subscription”) for 26,000,000 fully paid ordinary shares in the capital of MED (“MED Shares”) at the subscription price of A$0.075 per MED Share (approximately S$0.08532751) for a total subscription price of A$1.95 million (approximately S$2.22 million) (the “Subscription Consideration”). The Company has been issued 13,333,333 MED Shares pursuant to the Subscription. The Board wishes to announce that in addition to the Subscription, the Company has, on 28 February 2014, entered into a bid implementation deed (the “Implementation Deed”) with MED, pursuant to which the Company has agreed to make an off-market takeover bid (the “Takeover Bid”) to acquire all the MED Shares which are not already held by the Company. A copy of the Implementation Deed is appended to this announcement as Annex A. The consideration to be offered under the Takeover Bid (the “Takeover Consideration”) is to be satisfied by way of an allotment and issue of 5.7 new fully paid ordinary shares in the capital of the Company (“Shares”) for every 2 MED Shares, up to a maximum of approximately 1,021,597,879 new Shares (the “Consideration Shares”), subject to any fractional entitlements being rounding up to the nearest whole Consideration Share. infopub.sgx.com/FileOpen/SGX_MED_Takeover_Bid_28022014.ashx?App=Announcement&FileID=276703 |
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Post by stockpicker on Mar 2, 2014 11:54:31 GMT 7
Again, like Asiasons, Blumont also caught the bug with a loss in its financial report released on 28 Feb 2014. The result is slightly worst than Asiasons with about 115 mil in the red. About 40% of the current asset value was wiped off. The company did not warn its shareholders about the intended losses beforehand. Just not sure how many small hands will be hurt come Monday. The company did not also mention what actually caused the losses except it said that there was an unrealised net losses from its financial assets.  |
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Post by oldman on Apr 2, 2014 19:01:26 GMT 7
Following the news below, Blumont was lifted from a trading halt this afternoon and fell 0.9cts to 4.9cts...... surprised that it did not fall further than that.....
BLUMONT GROUP LTD.
(Company Registration No.: 199302554G)
(Incorporated in the Republic of Singapore)
ASSISTANCE WITH INVESTIGATIONS
The board of directors (the “Board”) of Blumont Group Ltd. (博诺有限公司) (the “Company”) wishes
to announce that G1 Investments Pte Ltd (“G1 Investments”), a wholly-owned subsidiary of the
Company, has received a notice dated 2 April 2014 from the Commercial Affairs Department of the
Singapore Police Force (“CAD”) requiring G1 Investments’ assistance with the CAD’s investigations
into an offence under the Securities and Futures Act (Chapter 289) (the “SFA”). The CAD has
requested for access to, amongst others, all corporate electronic data from 1 January 2011 to-date,
information technology equipment and data storage devices (if any) belonging to Mr. Neo Kim Hock,
the Executive Chairman of the Board, and Mr. James Hong Gee Ho, Executive Director of the
Company.
Further, the Company has been informed that Mr. Hong has been requested to assist the CAD in its
investigations into a possible infringement under the SFA. Mr. Hong has indicated that he will
cooperate fully with CAD in its investigations.
The business and operations of the Company are not affected by the investigations and will continue
as normal.
The Company will monitor the progress of the investigation and make such further announcements as
required.
BY ORDER OF THE BOARD
Blumont Group Ltd.
Goh Boon Kok
Lead Independent Director
2 April 2014
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Post by zuolun on Apr 2, 2014 23:47:25 GMT 7
Following the news below, Blumont was lifted from a trading halt this afternoon and fell 0.9cts to 4.9cts...... surprised that it did not fall further than that..... oldman, Blumont's chart pattern shows a +ve divergence bet. share price and the OBV since 9 Dec 2013; expect follow-thru buying strength/support at 4.5cts.  |
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