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ISR resume trading on March 6 Post Reply Rate topic
KeyMaster Member	04-Aug-2017 11:26        KeyMaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	It' s gaining back!
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Thinkvest Senior	03-Aug-2017 18:58        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	My personal observation is that in SGX once stock lose credibility very difficult to gain back, highly doubt that ISR will fly now, the most positive thing one can expect is that it goes up gradually only if they show that they are taking the right steps.
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zillion Master	03-Aug-2017 13:31        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	sgx has 2 issues with isr cap- over the high price to get 60% at $40m and the valuation report. This allies the the fear by paying at ard $4.52m (nearer to Euro 3.7m) so Jonathan Lim is not able to make outrageous $$$. Shareholders should rejoice!
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Thinkvest Senior	01-Aug-2017 19:25        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	IMO the Reo deal has been adjusted according to the current share price considering the huge drop it suffered from the high of 30 cents to current .006 cents. It was supposed to be 400 million shares at that point in time and now it' s 674 million considering the increase in number of outstanding shares. Earlier Reo had agreed 400million shares at 10 cents which will be unrealistic to agree to considering the current price so the new agreement. IMO it does not mean the valuation has changed from 1.2 billion to 120 million, why would anyone agree to work on a project of such massive scale if indicative valuation drops in such way. I have this concern though , ISR still suffers from not being able to come out and provide detailed explaiation required for retail shareholders, they should do more than just SGX announcement.
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Thinkvest Senior	01-Aug-2017 18:54        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	As I said ppl are confused as the announcement comes before the release of the latest valuation report, it will not be a straight Maths as you are explaining ISR needs to reveal more.  grateful      ( Date: 01-Aug-2017 15:21) Posted: ppl took it negatively and think it is proven a scam... just over one year, the purchase consideration dropped from 40m to 4.5m as a result of the change in fair value of the Madagascar project. That means the project valuation will also dropped from $1.08 billion to $121.5 million? for a company that has nothing, 60% of $121.5 million still has $72.9 million value worth of rare earth. Not too bad at all. difficult to get at 0.6...   Thinkvest      ( Date: 01-Aug-2017 13:55) Posted: Lets see if there is a further update confirming the same, the share price is not reflecting the positive aspect, ppl still confused what this announcement actually mean
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grateful Senior	01-Aug-2017 15:21        grateful About Contact  Quote this Post!
x 1   x 0  Alert Admin	ppl took it negatively and think it is proven a scam... just over one year, the purchase consideration dropped from 40m to 4.5m as a result of the change in fair value of the Madagascar project. That means the project valuation will also dropped from $1.08 billion to $121.5 million? for a company that has nothing, 60% of $121.5 million still has $72.9 million value worth of rare earth. Not too bad at all. difficult to get at 0.6...   Thinkvest      ( Date: 01-Aug-2017 13:55) Posted: Lets see if there is a further update confirming the same, the share price is not reflecting the positive aspect, ppl still confused what this announcement actually mean. calvinlooi      ( Date: 01-Aug-2017 13:44) Posted: So it is nothing to do with honest, fair and  faithful representatinon. It is nothing to do whether the less consideration would mean the mines would worth much lesser. There will be no financial impact. Just adjustment on price to reflect current position. It is good, they are working on it
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Thinkvest Senior	01-Aug-2017 13:55        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lets see if there is a further update confirming the same, the share price is not reflecting the positive aspect, ppl still confused what this announcement actually mean. calvinlooi      ( Date: 01-Aug-2017 13:44) Posted: So it is nothing to do with honest, fair and  faithful representatinon. It is nothing to do whether the less consideration would mean the mines would worth much lesser. There will be no financial impact. Just adjustment on price to reflect current position. It is good, they are working on it. Thinkvest      ( Date: 01-Aug-2017 13:29) Posted: Hmm.. right but this will mean something only after 3rd report release and SGX acceptance. CT should provide further clarity and direction in his next announcement
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calvinlooi Senior	01-Aug-2017 13:44        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	So it is nothing to do with honest, fair and  faithful representatinon. It is nothing to do whether the less consideration would mean the mines would worth much lesser. There will be no financial impact. Just adjustment on price to reflect current position. It is good, they are working on it. Thinkvest      ( Date: 01-Aug-2017 13:29) Posted: Hmm.. right but this will mean something only after 3rd report release and SGX acceptance. CT should provide further clarity and direction in his next announcement. calvinlooi      ( Date: 01-Aug-2017 12:52) Posted: Am I the only one who read the annoucement wrongly? Correct me if I' m wrong. ISR acquire Tantulum by issuing its own shares from treasury shares. One year ago, it is at price of 10 cent per shares, and now it is on 0.006-0.007 per shares. The number of shares to transfer still the same. So, the consideration drop from $40m to $4m.
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Thinkvest Senior	01-Aug-2017 13:29        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hmm.. right but this will mean something only after 3rd report release and SGX acceptance. CT should provide further clarity and direction in his next announcement. calvinlooi      ( Date: 01-Aug-2017 12:52) Posted: Am I the only one who read the annoucement wrongly? Correct me if I' m wrong. ISR acquire Tantulum by issuing its own shares from treasury shares. One year ago, it is at price of 10 cent per shares, and now it is on 0.006-0.007 per shares. The number of shares to transfer still the same. So, the consideration drop from $40m to $4m.
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calvinlooi Senior	01-Aug-2017 12:52        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Am I the only one who read the annoucement wrongly? Correct me if I' m wrong. ISR acquire Tantulum by issuing its own shares from treasury shares. One year ago, it is at price of 10 cent per shares, and now it is on 0.006-0.007 per shares. The number of shares to transfer still the same. So, the consideration drop from $40m to $4m.
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Thinkvest Senior	01-Aug-2017 12:28        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think people are confused if this is good news or bad.....any opinions?
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HappyInvestor22 Member	01-Aug-2017 12:25        HappyInvestor22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, I see it as good news. My opinon about Chen Tong as a credible and honest fellow seems positive tbus far, as ompared to the previous management. He acquires Tantalum as promised. Regardless the value used to acquire it, at least things are moving. Judging from his approaches, the Madagascar deal is real and 3rd report should be on the way. If the last piece of puzzle is solved, I am going to invest more!
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Thinkvest Senior	01-Aug-2017 12:19        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think people are confused if this is good news or bad.....any opinions?
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Thinkvest Senior	01-Aug-2017 10:53        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	First ISR needs to provide the latest valuation report and clear direction for the future before any further conversion or placement of shares.  zillion      ( Date: 01-Aug-2017 10:43) Posted: ​ isr cap is trying to reinvent itself by going into the next big thing-rare earth elements sexy play. it wanted to buy a stake in tantulus madagscar by paying $40m. tantulum germany sells to reo magnetic for euro 3.7m, Jonathan Lim has a 38.1% stake in reo magnetic sells to isr cap at $40m making Jonathan Lim of Alliance Mineral super $$$. SGX stepped in to question the huge sum to pay ($40m) and why the 2nd valuation report is no different from the 1st Report. SGX only recognises the Valmin Code reports for its resource and mining counters. I guess CT is making 100% sure this report will be no nonsense type in order to get things moving. There will be dilution of shares as new shares will be issued for the stake, convertible bonds conversion for working capital, balance of the private placements shares to be utilised. If the project is viable all these ' obstacles' can be absorped by the big boys. A check around on all the other lower liners does not show any sexy story as this one. A big bet of Big Win or money flush into the toilet bowl. Use of spare money/fun money not your hard earned money/coffin money in this counter.
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zillion Master	01-Aug-2017 10:43        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	​ isr cap is trying to reinvent itself by going into the next big thing-rare earth elements sexy play. it wanted to buy a stake in tantulus madagscar by paying $40m. tantulum germany sells to reo magnetic for euro 3.7m, Jonathan Lim has a 38.1% stake in reo magnetic sells to isr cap at $40m making Jonathan Lim of Alliance Mineral super $$$. SGX stepped in to question the huge sum to pay ($40m) and why the 2nd valuation report is no different from the 1st Report. SGX only recognises the Valmin Code reports for its resource and mining counters. I guess CT is making 100% sure this report will be no nonsense type in order to get things moving. There will be dilution of shares as new shares will be issued for the stake, convertible bonds conversion for working capital, balance of the private placements shares to be utilised. If the project is viable all these ' obstacles' can be absorped by the big boys. A check around on all the other lower liners does not show any sexy story as this one. A big bet of Big Win or money flush into the toilet bowl. Use of spare money/fun money not your hard earned money/coffin money in this counter.
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calvinlooi Senior	01-Aug-2017 10:37        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	I dont think the price is based on valuation report leh. It simply reflect current market price of ISR capital at around 0.006 to 0.007. The adjustment is to avoid excessive paper value on investment in subsidiaries and share premium once the agreement execised.
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Thinkvest Senior	01-Aug-2017 10:20        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think the latest valuation will determine the future direction of the share price, they should make the new valuation report public along with a press release from Chen Tong on the future plan of the Madagascar project.
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calvinlooi Senior	01-Aug-2017 09:34        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it is was an adjustment of consideration to its market price?  No changes in foundamental. It seems good to me. They are working on the acquisitions.
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Thinkvest Senior	01-Aug-2017 08:44        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Atleast did not give 40 million and then realize value only $4.5 million, if they know the new fair value they should release the new valuation report.  dyingcat      ( Date: 01-Aug-2017 08:30) Posted: Previously Tantalum valued at $40m, now only $4.5m within a year. What a scam! I'd better wait n see market reaction 1st.
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dyingcat Veteran	01-Aug-2017 08:30        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Previously Tantalum valued at $40m, now only $4.5m within a year. What a scam! I'd better wait n see market reaction 1st.
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