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camelhump Senior	22-May-2023 10:07        camelhump About Contact  Quote this Post!
x 0   x 0  Alert Admin	Received letter to accept $0.181 last friday, straight away threw it into the bin camelhump      ( Date: 20-May-2023 22:06) Posted: Financial One delisted from SGX at 0.25, then relisted in Taiwan as Chailease, now worth $9.50  Catrade      ( Date: 19-May-2023 22:49) Posted: Yes, that what I' m thinking also. Furthermore with Gold price trading near to all time high, there is a possibility that Ravenswood Gold mine could be listed in Auz.
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bornloser Senior	22-May-2023 09:59        bornloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can SIAS and relevant authorities investigate
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bornloser Senior	22-May-2023 09:57        bornloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	To buy cheap lower than $0.97 Mind game
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bechaotic Member	22-May-2023 09:54        bechaotic About Contact  Quote this Post!
x 0   x 0  Alert Admin	This really is confusing!  Why only 18.1 ct option tabled for acceptance?  What about the ' all cash' 97 ct offer that they have been mentioning about?
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bornloser Senior	22-May-2023 09:32        bornloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Offer at $0.181 ? ysh2006      ( Date: 22-May-2023 08:19) Posted: Still early lah August than closing date... Those who buy at $1xx may not surrender so fast..m TA_Expert      ( Date: 22-May-2023 02:05) Posted: Have all the minority shareholders accepted the offer?
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ysh2006 Supreme	22-May-2023 08:19        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still early lah August than closing date... Those who buy at $1xx may not surrender so fast..m TA_Expert      ( Date: 22-May-2023 02:05) Posted: Have all the minority shareholders accepted the offer?
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TA_Expert Supreme	22-May-2023 02:05        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Have all the minority shareholders accepted the offer?
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camelhump Senior	20-May-2023 22:06        camelhump About Contact  Quote this Post!
x 0   x 0  Alert Admin	Financial One delisted from SGX at 0.25, then relisted in Taiwan as Chailease, now worth $9.50  Catrade      ( Date: 19-May-2023 22:49) Posted: Yes, that what I' m thinking also. Furthermore with Gold price trading near to all time high, there is a possibility that Ravenswood Gold mine could be listed in Auz.  fruitfulness      ( Date: 19-May-2023 22:32) Posted: The other possible happening to holding the Stanmore & Ravenswood portion rather than surrendering it at $0.181 per Golden share is that it could be re-listed in SGX or another exchange (e.g. what has happened to Aztech or Osim) again.  In the case of Aztech, it was delisted at abt 40 or 42 cts and relisted at $1.28 per share
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Catrade Master	19-May-2023 22:49        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, that what I' m thinking also. Furthermore with Gold price trading near to all time high, there is a possibility that Ravenswood Gold mine could be listed in Auz.  fruitfulness      ( Date: 19-May-2023 22:32) Posted: The other possible happening to holding the Stanmore & Ravenswood portion rather than surrendering it at $0.181 per Golden share is that it could be re-listed in SGX or another exchange (e.g. what has happened to Aztech or Osim) again.  In the case of Aztech, it was delisted at abt 40 or 42 cts and relisted at $1.28 per share. fruitfulness      ( Date: 19-May-2023 10:14) Posted: Option 3 caught my eyes too and must be seriously considered.  (Can also negotiate to sell to the Widjajas privately, at a later time, the Stanmore & Ravenswood portion, if don' t wanna hold for too long)  Those shares bought using SRS monies will have to opt for Option 1
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fruitfulness Veteran	19-May-2023 22:32        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	The other possible happening to holding the Stanmore & Ravenswood portion rather than surrendering it at $0.181 per Golden share is that it could be re-listed in SGX or another exchange (e.g. what has happened to Aztech or Osim) again.  In the case of Aztech, it was delisted at abt 40 or 42 cts and relisted at $1.28 per share. fruitfulness      ( Date: 19-May-2023 10:14) Posted: Option 3 caught my eyes too and must be seriously considered.  (Can also negotiate to sell to the Widjajas privately, at a later time, the Stanmore & Ravenswood portion, if don' t wanna hold for too long)  Those shares bought using SRS monies will have to opt for Option 1. Catrade      ( Date: 19-May-2023 02:03) Posted: Thanks Fruitfulness for ur sharings, I appreciate your openness, knowledge n wisdom. Yes, I also hope the EGM voting on the 2 Resolutions will go through, but after that what is best from the 4 options to choose from? 1.  Revised All Cash Consideration (S$0.973) 2.  Revised GEMS Shares (S$0.964) 3.  Revised GEMS Cash Consideration Only (S$0.792) 4.  GEMS Shares Consideration Only  (S$0.783) Initially I was for Option 1, but now I' m thinking of Option 3 becoz Stanmore Resources & Ravenswood Gold mine r worth keeping. What do u think
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fruitfulness Veteran	19-May-2023 10:14        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	Option 3 caught my eyes too and must be seriously considered.  (Can also negotiate to sell to the Widjajas privately, at a later time, the Stanmore & Ravenswood portion, if don' t wanna hold for too long)  Those shares bought using SRS monies will have to opt for Option 1. Catrade      ( Date: 19-May-2023 02:03) Posted: Thanks Fruitfulness for ur sharings, I appreciate your openness, knowledge n wisdom. Yes, I also hope the EGM voting on the 2 Resolutions will go through, but after that what is best from the 4 options to choose from? 1.  Revised All Cash Consideration (S$0.973) 2.  Revised GEMS Shares (S$0.964) 3.  Revised GEMS Cash Consideration Only (S$0.792) 4.  GEMS Shares Consideration Only  (S$0.783) Initially I was for Option 1, but now I' m thinking of Option 3 becoz Stanmore Resources & Ravenswood Gold mine r worth keeping. What do u think? fruitfulness      ( Date: 18-May-2023 22:38) Posted: Like what ysh2006 said, they may be toothless.  I am hoping for the offer price to be revised to $1.10 per share thereabout. Little hope left, unless SGX RegCo comes out and intervene! However, the Widjajas had imposed a tight timeline, beyond which everything will lapse.  For me, I am getting to become somewhat weary. There are much uncertain times ahead. Thanks to you Catrade, I bought back a few hundred lots of Golden shares at 79 to low 80s cts per share. I have sold some earlier from 84 to 88 cts per share (and even 100 lots at 53 cts some months earlier). All in, I should have made a tidy 6 figure sum gain (could not hit 7 figure for me), if the EGM voting goes thru. I was thankful at least there was an adjustment made to the offer price!
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Catrade Master	19-May-2023 02:03        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks Fruitfulness for ur sharings, I appreciate your openness, knowledge n wisdom. Yes, I also hope the EGM voting on the 2 Resolutions will go through, but after that what is best from the 4 options to choose from? 1.  Revised All Cash Consideration (S$0.973) 2.  Revised GEMS Shares (S$0.964) 3.  Revised GEMS Cash Consideration Only (S$0.792) 4.  GEMS Shares Consideration Only  (S$0.783) Initially I was for Option 1, but now I' m thinking of Option 3 becoz Stanmore Resources & Ravenswood Gold mine r worth keeping. What do u think? fruitfulness      ( Date: 18-May-2023 22:38) Posted: Like what ysh2006 said, they may be toothless.  I am hoping for the offer price to be revised to $1.10 per share thereabout. Little hope left, unless SGX RegCo comes out and intervene! However, the Widjajas had imposed a tight timeline, beyond which everything will lapse.  For me, I am getting to become somewhat weary. There are much uncertain times ahead. Thanks to you Catrade, I bought back a few hundred lots of Golden shares at 79 to low 80s cts per share. I have sold some earlier from 84 to 88 cts per share (and even 100 lots at 53 cts some months earlier). All in, I should have made a tidy 6 figure sum gain (could not hit 7 figure for me), if the EGM voting goes thru. I was thankful at least there was an adjustment made to the offer price!  Catrade      ( Date: 18-May-2023 16:50) Posted: Yes, what would SGX_RegCo n SIAS going to say regarding this? Fruitfulness, What do u think is our best strategy going forwards
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fruitfulness Veteran	18-May-2023 22:38        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	Like what ysh2006 said, they may be toothless.  I am hoping for the offer price to be revised to $1.10 per share thereabout. Little hope left, unless SGX RegCo comes out and intervene! However, the Widjajas had imposed a tight timeline, beyond which everything will lapse.  For me, I am getting to become somewhat weary. There are much uncertain times ahead. Thanks to you Catrade, I bought back a few hundred lots of Golden shares at 79 to low 80s cts per share. I have sold some earlier from 84 to 88 cts per share (and even 100 lots at 53 cts some months earlier). All in, I should have made a tidy 6 figure sum gain (could not hit 7 figure for me), if the EGM voting goes thru. I was thankful at least there was an adjustment made to the offer price!  Catrade      ( Date: 18-May-2023 16:50) Posted: Yes, what would SGX_RegCo n SIAS going to say regarding this? Fruitfulness, What do u think is our best strategy going forwards? fruitfulness      ( Date: 18-May-2023 15:51) Posted: Looks like we are being screwed by the IFA and Non-conflicted directors. They all recommended that the offers are fair and reasonable in the circular.  I think the lousiest model is being used to arrive at the exit cash offer, which remains at $0.181 per Golden share.  The all-in total cash offer is still $0.973 per Golden share. (We can console ourselves that it is somewhat better than the first total cash offer of $0.846 per Golden share and the cash offer has exceeded to highest traded share price in SGX, so that none lose money).  Wonder if SGX RegCo or SIAS will come out to say something
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fruitfulness Veteran	18-May-2023 22:13        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	The types of valuation models can be arbitrarily selected by those sharks to justify their lowball offers. Certainly the market cap valuations of Stanmore in the recent months will not justify the paltry $0.181 exit cash offer. They chose not to use that, preferring to use premium over last halted share trading prices.  In SGX, most counters will receive lowball offers, if it keep on using undervalued share prices as the only basis.    (For the valuation of HDB resale prices, it always use the recent transacted prices - it constantly keep the valuations high currently, in the toppish market. So most buyers would desire a different model to value a HDB flat for resale) So SGX must mandate that all exit offers must withstand the scrutiny of at least two/three valuation models commonly utilized for that industry.   Catrade      ( Date: 18-May-2023 19:26) Posted: Look like unvalued stocks r rushing to SGX Exit door with a Lowball offer. Its a very sad situation .....  Somethings must be very wrong here! ysh2006      ( Date: 18-May-2023 17:16) Posted: All toothless....Global Palm and Boustead also like this fair or not fair and reasonable. Price change or some no change at all.
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Catrade Master	18-May-2023 19:26        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look like unvalued stocks r rushing to SGX Exit door with a Lowball offer. Its a very sad situation .....  Somethings must be very wrong here! ysh2006      ( Date: 18-May-2023 17:16) Posted: All toothless....Global Palm and Boustead also like this fair or not fair and reasonable. Price change or some no change at all.
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ysh2006 Supreme	18-May-2023 17:16        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	All toothless....Global Palm and Boustead also like this fair or not fair and reasonable. Price change or some no change at all.
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Catrade Master	18-May-2023 16:50        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, what would SGX_RegCo n SIAS going to say regarding this? Fruitfulness, What do u think is our best strategy going forwards? fruitfulness      ( Date: 18-May-2023 15:51) Posted: Looks like we are being screwed by the IFA and Non-conflicted directors. They all recommended that the offers are fair and reasonable in the circular.  I think the lousiest model is being used to arrive at the exit cash offer, which remains at $0.181 per Golden share.  The all-in total cash offer is still $0.973 per Golden share. (We can console ourselves that it is somewhat better than the first total cash offer of $0.846 per Golden share and the cash offer has exceeded to highest traded share price in SGX, so that none lose money).  Wonder if SGX RegCo or SIAS will come out to say something. Catrade      ( Date: 09-May-2023 23:57) Posted: With Gold hitting all time record price of USD$2050/oz, the unlisted Ravenswood Gold mine of GEAR definitely worth more now... should worth close to S$465m. As for Stanmore Resources its share price traded from Nov' 22 - 2May' 23 varies bet A$2.85 - 3.86. On average it should be around A$3.35/share which has a market cap of A$3.02B, n based on GEAR' s 64.01% ownership is worth A$1.93B. This definitely worth much more then the S$0.181 per share offered by Widjaja.  With all the facts above, the IFA &   Independent Directors  would hv a hard time justifying to shareholders to accept the current Exit Offer without first revise upwards. Further more SGX_RegCo had openly  emphasize to IFA that they should exercise due care, skill and professional judgement in adopting appropriate valuation methodology or methodologies to be used in its analysis and this must be supported by reasonable grounds and assumptions that    can withstand scrutiny. BTW the IFA (SAC Capital) has taken far too long to come up with the report since 9Nov' 22 ....
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fruitfulness Veteran	18-May-2023 15:51        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	Looks like we are being screwed by the IFA and Non-conflicted directors. They all recommended that the offers are fair and reasonable in the circular.  I think the lousiest model is being used to arrive at the exit cash offer, which remains at $0.181 per Golden share.  The all-in total cash offer is still $0.973 per Golden share. (We can console ourselves that it is somewhat better than the first total cash offer of $0.846 per Golden share and the cash offer has exceeded to highest traded share price in SGX, so that none lose money).  Wonder if SGX RegCo or SIAS will come out to say something. Catrade      ( Date: 09-May-2023 23:57) Posted: With Gold hitting all time record price of USD$2050/oz, the unlisted Ravenswood Gold mine of GEAR definitely worth more now... should worth close to S$465m. As for Stanmore Resources its share price traded from Nov' 22 - 2May' 23 varies bet A$2.85 - 3.86. On average it should be around A$3.35/share which has a market cap of A$3.02B, n based on GEAR' s 64.01% ownership is worth A$1.93B. This definitely worth much more then the S$0.181 per share offered by Widjaja.  With all the facts above, the IFA &   Independent Directors  would hv a hard time justifying to shareholders to accept the current Exit Offer without first revise upwards. Further more SGX_RegCo had openly  emphasize to IFA that they should exercise due care, skill and professional judgement in adopting appropriate valuation methodology or methodologies to be used in its analysis and this must be supported by reasonable grounds and assumptions that    can withstand scrutiny. BTW the IFA (SAC Capital) has taken far too long to come up with the report since 9Nov' 22 ....
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Catrade Master	15-May-2023 20:55        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buying-in Executed on May 15, 2023 Golden Energy 49,900  at SGD 50,784. Someone nake shorted  Golden Energy (49,900) shares, n was forced to buy back by SGX at an average price of $1.018 per share
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Catrade Master	09-May-2023 23:57        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	With Gold hitting all time record price of USD$2050/oz, the unlisted Ravenswood Gold mine of GEAR definitely worth more now... should worth close to S$465m. As for Stanmore Resources its share price traded from Nov' 22 - 2May' 23 varies bet A$2.85 - 3.86. On average it should be around A$3.35/share which has a market cap of A$3.02B, n based on GEAR' s 64.01% ownership is worth A$1.93B. This definitely worth much more then the S$0.181 per share offered by Widjaja.  With all the facts above, the IFA &   Independent Directors  would hv a hard time justifying to shareholders to accept the current Exit Offer without first revise upwards. Further more SGX_RegCo had openly  emphasize to IFA that they should exercise due care, skill and professional judgement in adopting appropriate valuation methodology or methodologies to be used in its analysis and this must be supported by reasonable grounds and assumptions that    can withstand scrutiny. BTW the IFA (SAC Capital) has taken far too long to come up with the report since 9Nov' 22 ....
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