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It?s always the case. Buy on fear and sell on greed. Anyway not much money in here. Jus wait(years) for the next pennies bullrun then pull out. No hurry.
chiachiawee ( Date: 12-Nov-2021 18:58) Posted:
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What i do understand is they have done much better than their Second quarter so lets see how things go on monday.
I don' t think u can ever understand this. This company is not transparent at all. They don' t share their sales volume, ASP, and their loan is a mess. Probably that' s the main purpose of the management, making u lost in their report and u think they are " promising" =)
Goldblade ( Date: 12-Nov-2021 21:53) Posted:
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Finance Expenses Finance expenses amounted to US$2.0M in 3Q2021 and US$3.5M in 9M2021, against US$229K in 3Q2020 and US$725K in 9M2020. During 3Q2021, finance expenses increased by US$1.8M or 779% due to: &bull an increase in finance expenses from the profit-sharing arrangement with a cooperation partner and &bull an increase in interest expenses from fair valuation of shareholders&rsquo loans. During 9M2021, finance expense increased by US$2.8M or 386% due to: &bull an increase in finance expenses from the profit-sharing arrangement with a cooperation partner and &bull an increase in interest expenses from fair valuation of shareholders&rsquo loans.
I really wonder what this is.
I really wonder what this is.
Different lah! If blacky is similar in financial and other capability with ah geo, blacky share price would be in the 30+c
desmondxyz ( Date: 12-Nov-2021 21:31) Posted:
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They will always be naysayers but what they say have to be factual. They are loss making and thats no denying that but their revenue has increased and their gross profit has increased drastically. If what you say is true that their coal production has not been ramped up than something to be amazed by is that revenue and gross profit has still incrased. A take away from this is that they seem to be moving in the right direction.
Lets see what the market says on monday.
Lets see what the market says on monday.
desmondxyz ( Date: 12-Nov-2021 21:31) Posted:
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As if other coal mining company not in the pandemic period.....GEO actually ramped up production to produce more while the coal price is high.....
isaacsgx ( Date: 12-Nov-2021 21:26) Posted:
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It's during the pandemic period!
desmondxyz ( Date: 12-Nov-2021 21:17) Posted:
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I don' t know what is so promising here....sky high coal price in Q3 and yet this blackie can make a loss....Now the coal price has come down from its peak, I seriously wonder what can you expect from this company.
Let' s take a look of its production:
2021 Q1 production: 26,000 tonnes (115,304 tonnes in 2020 Q1)
2021 Q2 production: 38,500 tonnes (58,000 tonnes in 2020 Q2)
2021 Q3 production: 45,300 tonnes (78,000 tonnes in 2020 Q3)
2021 Q4 production: ? (47,996 tonnes in 2020 Q4)
While the coal price skyrocketing, the company drastically reduced coal production as compared to last year, Limpeh clap clap for the management.
Let' s take a look of its production:
2021 Q1 production: 26,000 tonnes (115,304 tonnes in 2020 Q1)
2021 Q2 production: 38,500 tonnes (58,000 tonnes in 2020 Q2)
2021 Q3 production: 45,300 tonnes (78,000 tonnes in 2020 Q3)
2021 Q4 production: ? (47,996 tonnes in 2020 Q4)
While the coal price skyrocketing, the company drastically reduced coal production as compared to last year, Limpeh clap clap for the management.
Goldblade ( Date: 12-Nov-2021 20:42) Posted:
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But its very promising becuase of this let see what happens on monday
The main factor is the increasing demand from China and several major importers. Another factor is seasonal, as subtropical nations in the northern hemisphere prepare for winter. Coal demand is on an uptrend for power generation, transportation, and industries, fueled along by economic recoveries in many countries. The increase in demand for coal following the recent economic recovery is expected to bode well for the Group.
The main factor is the increasing demand from China and several major importers. Another factor is seasonal, as subtropical nations in the northern hemisphere prepare for winter. Coal demand is on an uptrend for power generation, transportation, and industries, fueled along by economic recoveries in many countries. The increase in demand for coal following the recent economic recovery is expected to bode well for the Group.
The Group recorded gross profits of US$1.5M in 3Q2021 and US$ 3.1M in 9M2021 as compared to gross profits of US$327K in 3Q2020 and US$1.3M in 9M2020
Revenue amounted to US$4.7M for 3Q2021 and US$10.0M for 9M2021 as compared to US$ 1.8M for the third quarter ended 30 September 2020 (&ldquo 3Q2020&rdquo ) and US$6.6M for 9M2020 respectively. During 3Q2021, revenue increased by US$3.0M or 166% due to an increase in sales volume by approximately 233%. The increase was partially offset by a reduction in average price as more coal were delivered on FOB terms rather than on CIF terms. But their other cost are very heavy and thus
As a result of the abovementioned factors, the Group recorded net losses of US$1.1M in 3Q2021 and US$2.2M in 9M2021, against net losses of US$1.3M in 3Q2020 and US$3.0M in 9M2020.
Revenue amounted to US$4.7M for 3Q2021 and US$10.0M for 9M2021 as compared to US$ 1.8M for the third quarter ended 30 September 2020 (&ldquo 3Q2020&rdquo ) and US$6.6M for 9M2020 respectively. During 3Q2021, revenue increased by US$3.0M or 166% due to an increase in sales volume by approximately 233%. The increase was partially offset by a reduction in average price as more coal were delivered on FOB terms rather than on CIF terms. But their other cost are very heavy and thus
As a result of the abovementioned factors, the Group recorded net losses of US$1.1M in 3Q2021 and US$2.2M in 9M2021, against net losses of US$1.3M in 3Q2020 and US$3.0M in 9M2020.
Financials not really that bad. With increased in Revenue, GP and Cashflow from operation. Improvements!
There were lots of hoo haa during its 19 to 21..soon it dropped back to 13 and now 14.. if you have observed enough its trend and company performance and heard enough of this co, you should know it' s best worth to keep your money even in your pocket rather than throwing it in here.. I guess many bought from 18 to 20 and got stuck/painfully cut.. after all, its your money, if you think still can, by all means..just passing by..cheers..
Such lousy results. Orh Kim selling like hot cakes still cannot make money.. then dunno when can .. I am getting out. Stupid company
Yea, 14 all gone. fingers crossed.
Last one hour buy up at 14. Good sign. See if Monday can fly or not!
There is a buying pattern taking place looks wierd.
SGX market is like that. You can never predict because it shit
i also wonder....haha
Goldblade ( Date: 12-Nov-2021 09:34) Posted:
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Than how come your beloved Geo never move. Even got dividend.