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Golden Energy new
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Adtower
Veteran |
19-May-2017 12:40
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I loaded some more at 0.435 for long...cheers
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Adtower
Veteran |
19-May-2017 11:17
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Really heading toward 0.71?? | ||||
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newbieliu
Elite |
19-May-2017 08:57
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Wah, how come so much promotion about this stock in these few months.... the company really puts in a lot of effort in fighting back http://www.sharejunction.com/sharejunction/insightArticle.htm?id=0& s=1
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Adtower
Veteran |
18-May-2017 21:53
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What KGI?
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moron101
Supreme |
18-May-2017 21:09
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It is even cheaper if you compare with KGI's target price of 95cents last time. But prices dropped all the way from 58cents to current low of 40 + cents?
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newbieliu
Elite |
18-May-2017 18:04
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Oh yay pls Cheong more tomorrow f
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Adtower
Veteran |
18-May-2017 17:50
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Nice closing!!! | ||||
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Adtower
Veteran |
18-May-2017 16:12
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RHB insane or what??? TP 0.71???? If so it look v cheap now | ||||
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Adtower
Veteran |
18-May-2017 13:44
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All GEARed up for a &lsquo buy&rsquoBy:
PC Lee
SINGAPORE (May 18): RHB is initiating coverage on Golden Energy & Resources with a &ldquo buy&rdquo call and target price of 71 cents after booking strong 1Q17 coal production of 3 million tonnes, up 47.8% from a year ago. (See also: Golden Energy and Resources 1Q earnings increase over 11-fold to $26.5 mil on revenue surge) &ldquo We believe that there would be continued growth, after appointing two coal industry veterans to the board of directors of Golden Energy Mines earlier this year,&rdquo says RHB in a report out today. GEAR is one of the largest thermal coal reserve owners in Indonesia, with 2 billion tonnes of thermal coal resources and 780 million tonnes of thermal coal reserves as at Dec 31 2016. Most of its coal production, coal reserves and earnings come from Borneo Indobara (BIB), with its coal mine sites located in South Kalimantan. GEAR increased its thermal coal production by a CAGR of 32% 2010-2016 to 9.5 million tonnes in FY16. The company plans to ramp up BIB&rsquo s coal production to 13 million tonnes in 2018, 22 million tonnes in 2020 and 40 million tonnes from 2023 onwards. To ensure it meets its coal production targets, GEAR appointed two coal industry veterans Bonifasius and Utoro as the president director and director of its 66.9%-owned subsidiary, Golden Energy Mines, effective Jan 1. Utoro was formerly Kaltim Prima Coal&rsquo s (KPC) chief operating officer and instrumental in increasing that company&rsquo s coal production to more than 60 million tonnes pa (mtpa) from 2 mtpa. GEAR also has a low stripping ratio with the average life of a mine stripping ratio at BIB&rsquo s concession areas ranging from 3-6x. According to a valuation by Salva Resources, the average total operating cost over BIB&rsquo s life of mine is US$17.31 per tonne ($24.08 per tonne) of coal, excluding royalty. GEAR through its subsidiary Golden Energy Mines, has a 25-year offtake agreement to sell up to 217.5 million tonnes of coal to GMR Coal Resources (GMR), a leading infrastructure group in India. On top of that, as part of the Sinar Mas conglomerate, GEAR should benefit from its synergy with the other companies under this group. |
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dav781
Senior |
17-May-2017 18:39
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Let' s hope $0.44 becomes the floor for GEAR' s share price going forward:-)
A good example is Imperium Crown. Every time there was an insider transaction in recent times, the transaction price became the floor. GEAR is a company with a solid business model, so I am confident of its share price. Many people are comparing GEAR with Geo Energy. While it is true that Geo Energy has higher PE and lower PB (for now), but GEAR has a much higher coal reserve (higher potential), strong backing from a well-established Indoesdian comglomerate and low gearing. Most importantly, GEAR has a much lower cost of production and therefore is able to stay profitable even if coal prices were to drop, unlike Geo Energy. Geo Energy might also face some challenges servicing its short term debts next year. Just some thoughts. |
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Adtower
Veteran |
17-May-2017 18:34
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I brought 50 lots at 0.42 too lol
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newbieliu
Elite |
17-May-2017 18:25
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TMD I also bought today at 42 cents thinking it is low enough... dropped again some more jinxed. luckily my spackman came alive !
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dav781
Senior |
17-May-2017 18:22
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Finally, action and an indication of confidence from a Director of GEAR. He bought 100k shares from open market at $0.44 yesterday. A good sign. http://infopub.sgx.com/FileOpen/_FORM1%20-%20Paul%20Lim%20Yu%20Neng.ashx?App=Announcement& FileID=454243 |
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NextEvolution
Elite |
17-May-2017 11:27
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6 months new low even with a strong set of result. Those chased up yesterday all in the red | ||||
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Adtower
Veteran |
16-May-2017 20:31
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V good result n not rise much today tml can load more
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Stocky901
Supreme |
16-May-2017 20:25
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Yes. Load more. Very strong support at 43 / 44 cents.
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jamesng
Master |
16-May-2017 02:08
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I think eps for this stock is low. Too many outstanding share. By comparison, I think geo energy is better in term of PE. Not too sure why it drops so much...........any idea? |
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Stocky901
Supreme |
15-May-2017 20:59
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Dropped so much from 58 c to 42 c. Time to load up. | ||||
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eric998
Supreme |
15-May-2017 18:50
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GOLDEN ENERGY AND RESOURCES? NET PROFIT INCREASED ALMOST 14 TIMES TO US$29.6 MILLION FOR 1Q2017
- Revenue surged 47.9% to US$143.2 million, up from US$96.8 million previously - Group?s average selling price of coal in latest financial quarter rose 29.6% on a year-on-year basis - Group?s production increased 50% from 2.0 million tonnes in 1Q2016 to 3.0 million tonnes in 1Q2017, well positioned to achieve 14 MT production target for FY2017 - Healthy cash position in excess of US$100 million enables GEAR to capitalise on strategic acquisitions should opportunities arise |
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Wind22i
Supreme |
03-May-2017 19:44
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Going back to holland level.. | ||||
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