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Geo Energy Res
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Black Gold Industry Discussion
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tccroy
Elite |
15-Feb-2024 16:29
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Geo suddenly woke up and roar.....
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piscesmonkey
Supreme |
15-Feb-2024 16:18
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swiss BB buying today? 1mouth clear 430💪 👍 | ||||
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FOREVERFREEDOM
Veteran |
15-Feb-2024 11:34
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Possible, based on the Equity Investment Agreement, Res Invest will purchase ordinary shares through open market purchases (&ldquo Market Purchases&rdquo ) for an aggregate consideration of US$20 million in accordance with the terms, comprising (i) US$10 million within 4 weeks from the date of the Equity Investment Agreement or in any event by 31 March 2024 and (ii) another US$10 million within 8 weeks from the date of the Equity Investment Agreement or in any event by 30 June 2024 So, US$10mil equivalents to SGD13.5mil. How many shares will be swallowed by Res Invest??
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lailai
Elite |
15-Feb-2024 10:45
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obvious bbs buying 43.0 las few days. they put huge barrier initially at 43.0 to scare weak holders to sell to him. ytd, and tdy, huge buying at 43.0.  tink they goin to start hi pressure pump soon, not tis wk will be next week. 44, 45, 46, ... otw. cheers to bbs. ![]()
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piscesmonkey
Supreme |
15-Feb-2024 10:08
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Look like some buying from BB 1 mouth 3m at 430
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desmodeus
Veteran |
15-Feb-2024 09:59
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whale feasting. let it finish and no more plankton to block | ||||
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piscesmonkey
Supreme |
15-Feb-2024 09:56
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What i think is swiss BB will start to buy $10m shares within 4week feb2024. Wait for some annoucement once they bought | ||||
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ozone2002
Supreme |
15-Feb-2024 09:35
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Getting sold down at 43c in the morning only can sell to 42.5c or buy at 43c Past few trading days could indicate exhaustion gap unless Swiss power up their purchase spree
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wehuattogether88
Supreme |
15-Feb-2024 09:25
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Might see the Europe Swiss buying | ||||
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piscesmonkey
Supreme |
15-Feb-2024 08:59
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Can see that contra due. Holding very well at 430. Today start to move up 450? | ||||
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tccroy
Elite |
15-Feb-2024 08:56
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Although yesterday's price touched 42.5 but I still think the price will go up today. Geo will be a billion dollar club soon.
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Charity88
Senior |
15-Feb-2024 08:49
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GEO ENERGY SUCCESSFULLY SIGNS LIFE-OF-MINE COAL OFFTAKE WITH ONE OF THE LARGEST EUROPEAN ENERGY GROUPS  AND  SECURES LONG-TERM MULTI-MILLION DOLLAR  EQUITY INVESTMENT  EP Resources AG (" EP Resources" ), one of the largest European energy groups,  has committed to offtake  75% to 85%  of export volumes of Triaryani (" TRA" ) coal  up to 12 million tonnes of coal per annum for the life of mine.  Coal offtake and standby prepayment    In terms of the coal offtake, the Group will supply to EP Resources 75% to 85% of export volumes of TRA coal up to 12 million tonnes per annum, priced at an index-linked price less the offtake margin.  EP Resources will make available a standby prepayment facility for the Coal Offtake up to US$20 million (" Standby Prepayment" ), which will boost Geo Energy&rsquo s working capital and cash position.      Commentary    Mr Charles Antonny Melati, Executive Chairman and Chief Executive Officer of Geo Energy commented, " Following the acquisition of TRA, we have received numerous competing offers interested in the offtake of TRA coal especially due to its attractive coal specifications (low ash and low sulfur) that commands a premium above market price.  EP Resources, part of one of the largest energy groups in Europe, was selected to develop markets for TRA coal based on their scale and international presence as well as its expertise and experience.    We are also proud to welcome EPH group to Geo' s family as a long-term business partner, ahead of these exciting times. EPH group&rsquo s partnership with Geo Energy is a strong testament to our value and growth potential and is a significant milestone for our Group.  With EP Resources on board, we are well placed to achieve greater heights, affirm our position as one of the biggest Indonesian coal companies and realise our vision of bringing Geo Energy into a billion-dollar business." About TRA coal mine  TRA has a mining concession over a producing coal mine located in North Musi Rawas Regency, South Sumatra Province, Indonesia with a coal operation and IUP Production Operations Permit valid through  22 May 2030 (extendable for a further two 10-year periods).    TRA has an estimated mining valuation of around US$1 billion, with a 2P (proved and probable) JORC coal reserves of 275 million tonnes and a coal resource of 388 million tonnes. The low sulphur and low ash content in TRA coal reserves is attractive to both domestic and international markets, as it is eco-friendly and one of the cleanest coals available in the thermal coal market.  About EP Resources, EPH group  EP Resources, a commodities trading and shipping company, is a subsidiary of Energetický a prů myslový holding, a.s. (" EPH" ). EPH group is a large investment grade European energy utility that owns and operates assets in the Czech Republic, the Slovak Republic, Germany, Italy, Ireland, the UK, France, the Netherlands and Switzerland.    |
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lailai
Elite |
14-Feb-2024 11:16
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tdy, volume quite lo, looks like weak holders drying up, not much left for bbs to collec liao. hope they hv collec enuf by tdy, then 2molo can exp them to start the hi pressure pump to 44,45, 46, ...  ![]() .
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ozone2002
Supreme |
14-Feb-2024 11:16
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Saving grace is oil price shot up to $77 commodity price should follow suit as well coal price now in mid 50s, have not reflected crude' s bullishness |
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wehuattogether88
Supreme |
14-Feb-2024 11:12
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Yes, that is why I think Geo should be declaring at least more than 2 cents this time round.
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huattuatua
Elite |
14-Feb-2024 11:09
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should be, i check, last yr the fy 22' s div is more than 4 cts
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wehuattogether88
Supreme |
14-Feb-2024 11:00
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Coming FY results will give tell tale signs of greater things to come for Geo. Also the coming dividend will probably be more than 2 cents. I am just guessing only.  
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huattuatua
Elite |
14-Feb-2024 10:58
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and last years total dividend is 5.4 cents, div yield is more than 10%, this year maybe higher, dyodd |
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huattuatua
Elite |
14-Feb-2024 10:55
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i miss this totally when it broke out at 355 but i still think the price is holding well at this juncture thinking of getting in when the price is right good luck to those vested |
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wehuattogether88
Supreme |
14-Feb-2024 10:53
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I think the coming FY results will give tell tale signs of greater things to come for Geo. Just be patience. 
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