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Frencken Group Ltd
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financialfreedom
Senior |
29-Jun-2017 17:56
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but they report profits | ||||
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churnw
Elite |
29-Jun-2017 17:35
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Another counter after swiber , Ezra , cocola, ... | ||||
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financialfreedom
Senior |
29-Jun-2017 17:20
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just suspended like that ,cannot even cut loss | ||||
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Tommy12356
Master |
29-Jun-2017 14:51
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What happen to this counter? I thought they report profit?
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HuathuatLeo
Elite |
29-Jun-2017 11:25
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noble previously was a pedigree dog now a pariah dog. RPG not even a pedigree....worst than pariah now.
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financialfreedom
Senior |
29-Jun-2017 11:18
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noble has more problems and it is still in trading | ||||
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GuavaXF30
Elite |
29-Jun-2017 11:12
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It really reveals alot when a rainy season can cause it to have no money to pay off a contractor. So they are literally living off from hand to mouth. But perhaps this also presents an easy solution. Just get someone with just US20-25 m to take a stake. This will alow them to continure operations and when the rain stops, gets back into profit and cash generation again. After all, price of coal has been getting higher recently.  
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financialfreedom
Senior |
29-Jun-2017 10:18
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i think a lot of ppl stucked big time in rpg | ||||
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financialfreedom
Senior |
29-Jun-2017 10:16
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no time to go agm | ||||
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HuathuatLeo
Elite |
29-Jun-2017 10:09
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You stucked big time here bro?
Didnt you go to agm ask them to sack Agus?
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financialfreedom
Senior |
29-Jun-2017 08:34
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gone without time to get out | ||||
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Alvin2042
Master |
29-Jun-2017 08:24
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Read through the announcement. Possible that it may not go bankrupt if the mine is still feasible. But likely, will issue shares to CK for amount owed, making CK a major shareholders as CK will not get back much in casd of bankruptcy.
No matter what, even in best case scenario, existing shareholders will be substantially diluted.
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NextEvolution
Elite |
29-Jun-2017 07:38
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Somewhere in March I already flagged this counter
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Shifu8888
Supreme |
29-Jun-2017 07:25
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My prediction came true. Darn ass agus and management. I have no holdings but sympathize with retailers. Sorry to read this news. In USA they would have been sued by retailers for Not exercising standard of care as directors. Singapore has weak retailer voice. Sgx has too many monkey listcos. All waiting be for things to happen. Sgx is a huge circus. | ||||
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Wind22i
Supreme |
29-Jun-2017 07:08
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Its going bankrupt ! | ||||
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splee58
Member |
29-Jun-2017 02:03
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ABILITY TO CONTINUE AS A GOING CONCERN - TRADING SUSPENSION  @28-June-2017 11:34pm 1) Resources Prima announced main operating subsidiary, PT Rinjani Kartanegara (&ldquo Rinjani&rdquo ), has no certainty of its sources and sufficiency of revenue. 2) The forecasted negative financial results of Rinjani for the three-month period to 30 June 2017 as a result of continued above average rainfall and related dewatering issues causing a further reduction in coal production, coal sales quantities, coal sales revenue and cashflows after taking into account the following:- a. Rinjani inability  to pay its waste mining contractor PT Cipta Kridatama (" CK" ) costs US$15.1m on time by 22 June 2017. b. Cessation of waste mining operations by CK at Rinjani&rsquo s mine site with effect from 23 June 2017 and, consequently, the cessation of all coal production from Rinjani.  c. Rinjani  inability  to pay  US$5.0 million in corporate taxes based on the completion of Rinjani&rsquo s 2013 corporate tax audit. 3) Resources Prima is urgently seeking to address the above matters, and is currently unable to demonstrate that it is able to continue as a going concern or reasonably assess its financial position and inform the market accordingly.      4) In the best interests of the Company, the trading halt of the Company&rsquo s shares  will  be converted to a trading suspension with immediate effect.  Trading Halt @23-June-2017 Last Done  Price $0.026     |
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edwinjup
Supreme |
29-Jun-2017 00:35
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Gone liao | ||||
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hooh8787
Senior |
28-Jun-2017 20:01
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Dun scare people lor.......hoping is mao shan wang ...Cheers..5MM.. |
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Wind22i
Supreme |
28-Jun-2017 19:24
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In trouble? | ||||
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financialfreedom
Senior |
28-Jun-2017 18:39
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suspended? | ||||
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