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Golden Energy new

ssw518
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27-Aug-2020 16:00     
 
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 Alert Admin 		bro, got see my PM?

muifan      ( Date: 27-Aug-2020 15:18) Posted:

if CNMC can be in 30c range..
i dont see why golden energy cannot be trading on par..
since their gold mines are in Australia and more potential
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iwoods
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27-Aug-2020 15:58     
 
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 Alert Admin 		BT published some good news abt golden energy today! another up and rising star? huat ah!
  https://www.businesstimes.com.sg/companies-markets/second-time-lucky-for-golden-energys-takeover-bid-for-stanmore-coal

 
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muifan
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27-Aug-2020 15:18     
 
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 Alert Admin 		if CNMC can be in 30c range..
i dont see why golden energy cannot be trading on par..
since their gold mines are in Australia and more potential
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ssw518
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27-Aug-2020 14:54     
 
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 Alert Admin 		more potential if coal price move up, current drag is from coal, if not 20 cent bo liao.

trademaster      ( Date: 27-Aug-2020 14:45) Posted:

Nice breakout today , more to come

ssw518      ( Date: 27-Aug-2020 11:05) Posted:

congrate bro...bring my other two counter along....huat ah all into gol
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trademaster
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27-Aug-2020 14:45     
 
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 Alert Admin 		Nice breakout today , more to come

ssw518      ( Date: 27-Aug-2020 11:05) Posted:

congrate bro...bring my other two counter along....huat ah all into gold

muifan      ( Date: 27-Aug-2020 10:15) Posted:

liquidity is coming in..

NAV 22.5c
Good qtrly result 
this is a gem for gold play..

lets wait for more liquidity and will be game on to 20c :)
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ssw518
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27-Aug-2020 11:05     
 
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 Alert Admin 		congrate bro...bring my other two counter along....huat ah all into gold

muifan      ( Date: 27-Aug-2020 10:15) Posted:

liquidity is coming in..

NAV 22.5c
Good qtrly result 
this is a gem for gold play..

lets wait for more liquidity and will be game on to 20c :)
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muifan
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27-Aug-2020 10:15     
 
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 Alert Admin 		liquidity is coming in..

NAV 22.5c
Good qtrly result 
this is a gem for gold play..

lets wait for more liquidity and will be game on to 20c :)
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trademaster
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27-Aug-2020 08:58     
 
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 Alert Admin 		A laggard yet to run
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ssw518
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27-Aug-2020 08:44     
 
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 Alert Admin 		SGX ma....lol must prove de, see medical, ppl rush in only when result proven, then siami med counter all bouncing up like whatever current px is always cheap.

muifan      ( Date: 27-Aug-2020 08:17) Posted:

Yes bro maybe you also can share your findings.
From what I read , their coal business already improving on their latest result reporting

The goldmine they bought over in Australia has about 20 years of track record of gold productions

Thirdly. For the past 3 years steady attractive dvd payout also..

Just curious why this counter is so under the radar compared to cnmc ....

The potential is huge as it is trading below 20c...

Hope more others can share

ssw518      ( Date: 27-Aug-2020 07:55) Posted:

Few thing to consider, first, Q2 profit will go into Golden pocket? If no then just like rest of gold miner in sgx, all retailer waiting for prove ba. Swcond, I think Golden is not only just a gold miner, but also coal, maybe a better word will be resources mining company, looks to me like it' s a good strategy of the company to strike balance, when coal is high, gold usually low, nevertheless low all in cost should benefit from the report. So next question is anyone can share analysis report on gold undig before the transaction? Buying a mining company and need to explore for new mining spot will not be positive.
Overall, gold still bullish n coal bearish for now. they offset, thus more balance against risk. Key factor : breakdown percentage between both unknown. general comment for newbies, doydd. Hope those who vested can share more detail on financial background / structure, thank you. I m into gold for it' s bull run
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newbieliu
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27-Aug-2020 08:42     
 
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 Alert Admin 		Bought it since its before consolidation time mmmm Haizz huge losses. But at least it is trading now lol
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muifan
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27-Aug-2020 08:17     
 
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 Alert Admin 		Yes bro maybe you also can share your findings.
From what I read , their coal business already improving on their latest result reporting

The goldmine they bought over in Australia has about 20 years of track record of gold productions

Thirdly. For the past 3 years steady attractive dvd payout also..

Just curious why this counter is so under the radar compared to cnmc ....

The potential is huge as it is trading below 20c...

Hope more others can share

ssw518      ( Date: 27-Aug-2020 07:55) Posted:

Few thing to consider, first, Q2 profit will go into Golden pocket? If no then just like rest of gold miner in sgx, all retailer waiting for prove ba. Swcond, I think Golden is not only just a gold miner, but also coal, maybe a better word will be resources mining company, looks to me like it' s a good strategy of the company to strike balance, when coal is high, gold usually low, nevertheless low all in cost should benefit from the report. So next question is anyone can share analysis report on gold undig before the transaction? Buying a mining company and need to explore for new mining spot will not be positive.
Overall, gold still bullish n coal bearish for now. they offset, thus more balance against risk. Key factor : breakdown percentage between both unknown. general comment for newbies, doydd. Hope those who vested can share more detail on financial background / structure, thank you. I m into gold for it' s bull run.

muifan      ( Date: 27-Aug-2020 06:26) Posted:

https://www.mining-technology.com/news/deal-news/resolute-mining-completes-sale-of-ravenswood-gold-mine/

Gold energy new gold mine has 430k ounce capacity after Covid disruptions

Let?s take ave gold price this year $2000 / ounce
Cost is $980/ ounce
Total profit from their gold will be: $2000-$980 x 430k
= 438mil?

And it is trading lower than cnmc?
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ssw518
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27-Aug-2020 08:16     
 
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 Alert Admin 		Bro Muifan, my bad just notice, aquisition done in March, is the Q2 mining result out for ravenswood / golden? 2 industries involve hard to jump in like that with 1 sided data.

ssw518      ( Date: 27-Aug-2020 07:55) Posted:

Few thing to consider, first, Q2 profit will go into Golden pocket? If no then just like rest of gold miner in sgx, all retailer waiting for prove ba. Swcond, I think Golden is not only just a gold miner, but also coal, maybe a better word will be resources mining company, looks to me like it' s a good strategy of the company to strike balance, when coal is high, gold usually low, nevertheless low all in cost should benefit from the report. So next question is anyone can share analysis report on gold undig before the transaction? Buying a mining company and need to explore for new mining spot will not be positive.
Overall, gold still bullish n coal bearish for now. they offset, thus more balance against risk. Key factor : breakdown percentage between both unknown. general comment for newbies, doydd. Hope those who vested can share more detail on financial background / structure, thank you. I m into gold for it' s bull run.

muifan      ( Date: 27-Aug-2020 06:26) Posted:

https://www.mining-technology.com/news/deal-news/resolute-mining-completes-sale-of-ravenswood-gold-mine/

Gold energy new gold mine has 430k ounce capacity after Covid disruptions

Let?s take ave gold price this year $2000 / ounce
Cost is $980/ ounce
Total profit from their gold will be: $2000-$980 x 430k
= 438mil?

And it is trading lower than cnmc?
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ssw518
Supreme
27-Aug-2020 07:55     
 
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 Alert Admin 		Few thing to consider, first, Q2 profit will go into Golden pocket? If no then just like rest of gold miner in sgx, all retailer waiting for prove ba. Swcond, I think Golden is not only just a gold miner, but also coal, maybe a better word will be resources mining company, looks to me like it' s a good strategy of the company to strike balance, when coal is high, gold usually low, nevertheless low all in cost should benefit from the report. So next question is anyone can share analysis report on gold undig before the transaction? Buying a mining company and need to explore for new mining spot will not be positive.
Overall, gold still bullish n coal bearish for now. they offset, thus more balance against risk. Key factor : breakdown percentage between both unknown. general comment for newbies, doydd. Hope those who vested can share more detail on financial background / structure, thank you. I m into gold for it' s bull run.

muifan      ( Date: 27-Aug-2020 06:26) Posted:

https://www.mining-technology.com/news/deal-news/resolute-mining-completes-sale-of-ravenswood-gold-mine/

Gold energy new gold mine has 430k ounce capacity after Covid disruptions

Let?s take ave gold price this year $2000 / ounce
Cost is $980/ ounce
Total profit from their gold will be: $2000-$980 x 430k
= 438mil?

And it is trading lower than cnmc?
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muifan
Supreme
27-Aug-2020 06:26     
 
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 Alert Admin 		https://www.mining-technology.com/news/deal-news/resolute-mining-completes-sale-of-ravenswood-gold-mine/

Gold energy new gold mine has 430k ounce capacity after Covid disruptions

Let?s take ave gold price this year $2000 / ounce
Cost is $980/ ounce
Total profit from their gold will be: $2000-$980 x 430k
= 438mil?

And it is trading lower than cnmc?
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muifan
Supreme
26-Aug-2020 11:46     
 
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 Alert Admin 		WHY IS THIS AT SUCH HUGE DISCOUNT TO CNMC?!

destinykraze      ( Date: 18-Aug-2020 10:40) Posted:

  • Yoy net profit up by 32.4%. 
  • Diversified into the gold industry
  • Better than most sgx counters in gold industry, in terms of profitability.
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destinykraze
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18-Aug-2020 10:40     
 
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  • Yoy net profit up by 32.4%. 
  • Diversified into the gold industry
  • Better than most sgx counters in gold industry, in terms of profitability.
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destinykraze
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18-Aug-2020 10:34     
 
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INTERNATIONAL coal mining and trading company Golden Energy and Resources (Gear) reported net profit of US$16.5 million for the first half of the year ended June, up 32.4 per cent from net profit of US$12.5 million in the year-ago period. 

Gear&rsquo s earnings per share for the period was lifted to 0.7 US cent from 0.53 US cent last year. 

The group booked &ldquo record first-half revenue&rdquo of US$593.5 million, some 18.6 per cent higher than US$500.4 million in the corresponding period last year as the company&rsquo s production volume surged 31.7 per cent to 16.5 million tonnes from 12.6 million tonnes in H12019. 

Gear&rsquo s coal mining division saw its revenue increase 26.8 per cent to US$574.2 million on the back of higher sales volume of thermal coal, as well as revenue contributions from metallurgical coal, following  its acquisition of a controlling stake in Stanmore Coal  that was completed on April 2. 
 


Gear had disclosed that following its takeover bid, its subsidiary Golden Investments (Australia) now holds a 75.33 per cent stake in Stanmore Coal. 

Gear has also further diversified into the gold industry with the acquisition of the Ravenswood Gold mine in Queensland, Australia. The company said Ravenswood&rsquo s gold processing facility has a capacity of up to five million tonnes per annum, and is able to support &ldquo large scale, low cost and long term production&rdquo .

The company&rsquo s cash and cash equivalents stood at US$220 million as at end-June
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Joelton
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30-May-2020 11:22     
 
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THE head of finance and reporting at Golden Energy and Resources (Gear), Jill Tan, resigned on Friday to pursue other interests and career opportunities, the mainboard-listed company said in a bourse filing.
 
Appointed in July 2019, she was responsible for the coal-mining company' s overall financial and tax reporting, including consolidation.
 
Gear has appointed Chong Yae Yu as acting head of finance and reporting with effect from Friday, until the company finds a suitable replacement for Ms Tan. Ms Chong is the company' s senior general manager of finance.
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newbieliu
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03-Apr-2020 23:53     
 
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 Alert Admin 		missed the boat sad.

sunview      ( Date: 01-Apr-2020 13:26) Posted:

Share price has risen strongly in the last few sessions. The low was $0.096 on March 17 and the last traded price was $0.189 just now. 
 

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Joelton
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03-Apr-2020 10:07     
 
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Golden Energy unit makes takeover bid for Stanmore Coal
THU, APR 02, 2020 - 8:50 AM | UPDATED THU, APR 02, 2020 - 5:06 PM



A SUBSIDIARY of Singapore-listed mining company Golden Energy and Resources (Gear) has renewed a takeover attempt for Australia-listed Stanmore Coal.

Golden Investments (Australia) is making an unconditional cash offer for all the ordinary shares in Stanmore Coal it does not already own, at A$1 per share, according to a bourse filing on Thursday morning.

Stanmore Coal explores, develops, produces and sells metallurgical and thermal coal. Golden Investments is currently the largest shareholder of the coal company, with voting power of about 31.4 per cent.

The maximum cash payable by Golden Investments for the entire deal is about A$185.8 million (S$162 million), if it receives acceptances for all Stanmore Coal shares that are existing as at April 2 plus any shares issued and listed during the offer period.  (see amendment note)

Petra Capital, appointed as the broker for the takeover attempt, will stand in the market on behalf of Golden Investments and accept up to 50.3 million shares starting April 2, until the offer period officially starts on April 17. If Golden Investments manages to acquire all the 50.3 million shares, its stake in Stanmore Coal will increase to about 51 per cent.

Thereafter, once the offer period commences, Petra Capital will continue to purchase Stanmore Coal shares it does not already own on-market, until the offer ends on May 18 at the close of trading on the Australia bourse.

The offer price of A$1 represents a 22 per cent premium to Stanmore Coal' s closing price of A$0.82 on the Australia bourse on April 1, and a 27.3 per cent premium to the counter' s 30-day volume-weighted average price to the same date.

The renewed buyout offer comes more than a year after an unsuccessful attempt to obtain a majority position. Gear' s previous takeover offer for the coal company was  made at A$0.95 a share  in November 2018, and ended with Golden Investments  holding a 25.5 per cent stake  as at the offer' s close in January 2019.

On Thursday, Golden Investments said the offer will allow Stanmore Coal shareholders to realise value for their shares at an " attractive premium in a challenging environment, with an uncertain time horizon for recovery" .

It added that Stanmore Coal' s share price has been declining since July last year as its operational and financial performance continues to deteriorate.

This share price fall has accelerated recently as a result of the impact of the coronavirus pandemic on local and global economies, Golden Investments said.

As at 1.32pm on Thursday, shares of mainboard-listed Gear were trading at 18.1 Singapore cents, down 1.6 cent or 8.1 per cent.

Amendment note:  An earlier version of this article stated that the takeover offer could cost up to A$50.3 million. That figure actually refers to the total value of the 50.3 million shares the bid vehicle is looking to acquire before the offer period commences.
https://www.businesstimes.com.sg/companies-markets/golden-energy-unit-makes-takeover-bid-for-stanmore-coal
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