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Geo rebound
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Joelton
Supreme |
12-Mar-2026 11:25
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Geo Energy Receives SGX Approval-in-Principle for Proposed Share Placement
Further to the Earlier Announcement relating to the proposed placement of up to 35,000,000 new ordinary shares (the &ldquo Placement Shares&rdquo ) in the capital of Geo Energy Resources Limited (the &ldquo Company&rdquo ) at the placement price of SGD0.425 per Placement Share (the &ldquo Placement&rdquo ), the Board of Directors of the Company is pleased to announce that the Company has on 10 March 2026 received the approval-in-principle from the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) for the listing and quotation of the Placement Shares on the Mainboard of the SGX-ST(the &ldquo AIP&rdquo ), subject to compliance with the SGX-ST&rsquo s listing requirements as well as the following: (a) A written undertaking from the Company that it will comply with Listing Rules 704(30) and 1207(20) in relation to the use of the proceeds from the Placement and, where proceeds are to be used for working capital purposes, the Company will disclose a breakdown with specific details on the use of proceeds for working capital in the Company&rsquo s announcements on use of proceeds and in the annual report (b) A written undertaking from the Company that it will comply with Listing Rule 803 (c) A written undertaking from the placement agent(s) that they will ensure that the Company will comply with Listing Rule 803 (d) A written confirmation from the Company that it will not issue the Placement Shares to persons prohibited under Listing Rule 812(1) and (e) A written confirmation from the placement agent(s) that the Placement Shares will not be placed out to persons under Listing Rule 812(1). The Placement Shares have to be placed out within 7 market days from the date of the AIP. The SGX-ST&rsquo s approval-in-principle is not to be taken as an indication of the merits of the Placement, the Company, its subsidiaries or its securities. |
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Joelton
Supreme |
28-Nov-2025 10:52
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Geo Energy: PhillipCapital maintains 59 cents target price
Geo Energy Resources has reported 3QFY2025 earnings that were below expectations but Paul Chew of PhillipCapital, citing major earnings drivers down the road, has maintained his " buy" call and 59 cents target price.
Chew notes that coal prices have recovered " sharply" in the current 4QFY2025 to US$46 per tonne. In addition, the company' s construction of a 92-km-long hauling road and jetty is on schedule and will be ready in the middle of this coming year.
" The completion of the hauling road is a major earnings driver for Geo Energy Resources," says Chew.
Not only will it allow the production to be doubled, this road is also going to be leased to other mines for use and thereby generate additional income.
" We believe there are also opportunities to secure customers for the hauling road and even stake sale before the middle of 2026," says Chew.
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Joelton
Supreme |
30-Sep-2025 11:29
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Geo Energy Secures New Upsized US$275 Million Loan Facilities from Bank Mandiri to Support its Growth Plans Reflects Strong Confidence of the Group' s Expansion Plans and Long-Term Growth Trajectory
&bull The new upsized loan facilities carries interest rates lower than the Group&rsquo s existing loan facilities from Bank Mandiri, Indonesia&rsquo s largest bank.
&bull Strengthens the Group&rsquo s liquidity position, with the new loan structure deferring a larger portion of repayment obligations to later years that will be supported by future income streams from its expansion plans.
&bull Renewed commitment from Bank Mandiri reflects strong confidence and endorsement of the Group' s expansion plans and long-term growth trajectory.
&bull Around US$200 million will be used for refinancing the Group&rsquo s existing loan facilities at a lower interest rate.
&bull Around US$55 million will be used for operational and capital expenditure for the accelerated expansion of its TRA coal mine, boosting production capacity to up to 25 million tons per annum over the next couple of years after the completion of MBJ&rsquo s integrated infrastructure targeted by June 2026.
&bull Around US$20 million will be used for the Group&rsquo s proposed strategic acquisition of the established shipping companies that specialises in logistics transportation of commodities.
Previously, the Group secured a US$220 million facility from Bank Mandiri in September 2023 that was used mainly for the acquisition of PT Golden Eagle Energy Tbk which owns the TRA coal mine and PT Marga Bara Jaya which owns the Integrated Infrastructure that is currently under construction.
Commenting on the renewed commitment from Bank Mandiri, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of the Group, said:
&ldquo Securing this upsized loan facility from Bank Mandiri reflects the strong endorsement and confidence placed in our Group&rsquo s expansion plans and longterm growth trajectory within this vital energy sector.
The extension of the effective tenure and the lower interest rates will strengthen the Group&rsquo s liquidity and balance sheet, as well as profitability going forward.
Together with the Group&rsquo s upcoming completion of the Integrated Infrastructure, TRA&rsquo s ramp up to 25 million tonnes per annum and the acquisition of the barging business, the Group is well placed to deliver enhanced and sustainable returns, and position ourselves as a leader in our industry.
With greater financial flexibility and interest rate competitiveness from this new loan facility, we remained firmly on track to achieving our long-term vision of becoming a billion-dollar integrated energy group.&rdquo
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tccroy
Elite |
15-Sep-2025 01:42
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Did you cover your short selling or sold your holding?
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piscesmonkey
Supreme |
15-Sep-2025 00:12
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tccroy
Elite |
14-Sep-2025 19:47
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https://www.utilitydive.com/news/vistra-gas-nuclear-coal-plants-clean-energy-tulane/759990/
Thermal coal is more reliable than clean energy |
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tccroy
Elite |
12-Sep-2025 14:44
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That's why BBs not in a hurry to collect from the sellers. Instead the contra players sell to him at 43 to close their position. Next week will go up after a short pause yesterday and today.
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tccroy
Elite |
12-Sep-2025 14:37
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https://www.tradingview.com/symbols/SGX-M42F1!/forward-curve/?contract=M42F2%21
You copy this link
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Login20
Master |
12-Sep-2025 14:07
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Today is also T+4 from 8 Sept price surge | ||||
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ozone2002
Supreme |
12-Sep-2025 13:58
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m42 broke recent high, but Geo moving in opposite direction, BBs taking the chance and collecting at cheap price?
 SGX IHS McCloskey M42 - Indonesian 4200kc GAR FOB Thermal Coal FuturesContinuous contract
M42F2!
 Singapore ExchangeMarket open
45.81USD&thinsp /&thinsp MTD
+0.92+2.05%
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Dannkh
Master |
12-Sep-2025 08:01
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Where do you get this price? My chk on sgx & trading View show only US $42.50. Thks.
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Trainner
Master |
11-Sep-2025 23:08
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👍
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tccroy
Elite |
11-Sep-2025 22:19
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M42 up 2% and hit above USD 45 to USD 45.82 and is trending up further north | ||||
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tccroy
Elite |
11-Sep-2025 16:53
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43.5 is very well absorbed by BBs. They have been accumulating a lot at 43.5 today. Wait for the exploding next week. | ||||
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tccroy
Elite |
11-Sep-2025 13:56
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It seems to me that BBs are putting a large road block at 44 for purpose of collecting at 43.5. Contra players are succumb to close their position by throwing to BBs at 43.5 | ||||
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Dannkh
Master |
11-Sep-2025 11:36
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I am still positive on this counter. But few red flags need to take note. 1. The depressed coal price. 2. The extra capital expenditure of over US$40m for the proposed road. 3.World economy may stagnant or goes down thereby lower the demand for coal. 4. Unforeseen operation issues eg natural causes or riots. The toll revenue will only comes in after mid 2026 hopefully.
The immediate event is proposed acquisition of the 51% of the transportation companies. Vested. Dyodd.
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Trainner
Master |
11-Sep-2025 10:10
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My favourite is Kopi-O-Kosong...... cannot start my day without it....... 😁 .....
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tccroy
Elite |
11-Sep-2025 09:56
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Thanks bro, in fact I just had teh halia and cheese cheong fun at the coffeeshop.
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Trainner
Master |
11-Sep-2025 09:44
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May be but not too worry...... many positive impactful events in the plan roadmap that will push the price much higher than today..... go and have a kopi~~~~☕ ️ ~~~~
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tccroy
Elite |
11-Sep-2025 09:16
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Look like contra players are closing their positions after T+2 | ||||
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