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2381-2400 of 2510
it sound noob but it feel great to see tis counter back in green for me.
Short at your own peril. Good luck.
papayaface ( Date: 13-Oct-2017 09:05) Posted:
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Shortist get ready !!! Starting at 35 today. Good luck
Thought someone clarified in the other thread that these shares must be sold to tjandro first, instead of being placed on the open market? As such it will be inconsequential to the sp
andychew.eh ( Date: 13-Oct-2017 08:51) Posted:
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The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents by a pre-determined date, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents.
But if shares of AMA rose above 50 cents by the expiry date, Pramoko would not have to make further payment. As security for Lim, the court ordered the injunction of another 46.1 million shares.
But if shares of AMA rose above 50 cents by the expiry date, Pramoko would not have to make further payment. As security for Lim, the court ordered the injunction of another 46.1 million shares.
andychew.eh ( Date: 13-Oct-2017 08:51) Posted:
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According to court documents, these 72.3 million shares were seized as part of a claim made by Singapore businessman Jonathan Lim Keng Hock (photo).
See: REO Magnetic?s Jonathan Lim is new substantial shareholder of Alliance Mineral Assets
In an exclusive interview with The Edge Singapore on Sunday, Lim said he gave A$7 million (S$7.4 million) to Pramoko and Suen back in 2009 in exchange for a 50% stake in Living Waters Mining (Australia) (LWMA), an entity the couple created to own the mining assets that are now in AMA.
However, Lim claimed he found out a week before AMA?s IPO back in July 2014 that he wasn?t even listed as a shareholder in the prospectus. PrimePartners Corporate Finance was the issue manager, sponsor and placement agent for AMA?s listing.
Since then, Lim said he has been trying to claim his rightful share back from Pramoko and Suen, who is also an executive director of AMA. At the time of listing, LWMA held around 40% of AMA, which was offered to the public at 23 cents per share.
On April 25, both parties, in the presence of retired judge Kan Ting Chiu, reached an agreement following a mediation process. Under terms of the settlement, LWMA was to transfer nearly 46.1 million shares to Lim. LWMA also had to pay Lim S$7 million by May 31, 2017.
The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents by a pre-determined date, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents.
But if shares of AMA rose above 50 cents by the expiry date, Pramoko would not have to make further payment. As security for Lim, the court ordered the injunction of another 46.1 million shares.
On June 15, the 46.1 million shares, or 9.6% of the company, were transferred from LWMA to Lim in an off-market transaction worth S$14.7 million or 32 cents per share.
This was subsequently disclosed by AMA in a Singapore Exchange filing on June 21.
But the filing again made no mention that the off-market transaction was part of the April 25 court settlement.
Finally, when Lim did not receive the S$7 million cash portion of the settlement by the May 31 deadline, a writ of seizure was made on June 21 to seize AMA shares under LWMA. The shares were held under a nominee shareholder entity called Raffles Nominee. The seizure was completed on June 30.
See: REO Magnetic?s Jonathan Lim is new substantial shareholder of Alliance Mineral Assets
In an exclusive interview with The Edge Singapore on Sunday, Lim said he gave A$7 million (S$7.4 million) to Pramoko and Suen back in 2009 in exchange for a 50% stake in Living Waters Mining (Australia) (LWMA), an entity the couple created to own the mining assets that are now in AMA.
However, Lim claimed he found out a week before AMA?s IPO back in July 2014 that he wasn?t even listed as a shareholder in the prospectus. PrimePartners Corporate Finance was the issue manager, sponsor and placement agent for AMA?s listing.
Since then, Lim said he has been trying to claim his rightful share back from Pramoko and Suen, who is also an executive director of AMA. At the time of listing, LWMA held around 40% of AMA, which was offered to the public at 23 cents per share.
On April 25, both parties, in the presence of retired judge Kan Ting Chiu, reached an agreement following a mediation process. Under terms of the settlement, LWMA was to transfer nearly 46.1 million shares to Lim. LWMA also had to pay Lim S$7 million by May 31, 2017.
The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents by a pre-determined date, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents.
But if shares of AMA rose above 50 cents by the expiry date, Pramoko would not have to make further payment. As security for Lim, the court ordered the injunction of another 46.1 million shares.
On June 15, the 46.1 million shares, or 9.6% of the company, were transferred from LWMA to Lim in an off-market transaction worth S$14.7 million or 32 cents per share.
This was subsequently disclosed by AMA in a Singapore Exchange filing on June 21.
But the filing again made no mention that the off-market transaction was part of the April 25 court settlement.
Finally, when Lim did not receive the S$7 million cash portion of the settlement by the May 31 deadline, a writ of seizure was made on June 21 to seize AMA shares under LWMA. The shares were held under a nominee shareholder entity called Raffles Nominee. The seizure was completed on June 30.
andychew.eh ( Date: 13-Oct-2017 08:51) Posted:
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my fellow comrades at 0,3X....it' s been a long wait :)
Jonathan Lim and wife hold more than 100 mil shares.
Are they going to shoot it down ? Most likely .
Remember :
The lower the share price, the higher the extra "bonus $ ".
50 cts - lower share price = higher difference = higher bonus $ Jonathan Lim will get.
Watch the action.
Are they going to shoot it down ? Most likely .
Remember :
The lower the share price, the higher the extra "bonus $ ".
50 cts - lower share price = higher difference = higher bonus $ Jonathan Lim will get.
Watch the action.
Go to the venue to register,remember to bring NRIC.Ensure you are a shareholders of AMAL.
minicar ( Date: 13-Oct-2017 08:18) Posted:
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I have received the annual report and the letter thats inform me the AGM, may i know if i wanna to attend the AGM, i need to register 1st? Thanks
Mark Calderwood is a reputable seasoned professional and I can see why he' s doing what he' s doing.
His approach (of tackling by bite size) is definitely different from other miners and is rather sound from a business angle.
Start small, thus needing less starting up resources. Once you get some returns, reinvest and grow from there.
Step by Step, AMAL/TAW will grow into a mid-cap enterprise in 2-3 years time. Investors need to be super patience to see results.
Look at Galaxy Resources which took a different approach.
They had to raise alot of funds in the early stage and dilute the company like mad. In the end, they had to do a 5-to-1 share consolidation to reduce the number of floating shares.
Not to say that their approach is wrong. Just highlighting that there are pros and cons to different approach.
I do agree with RiskTaker that Mark' s approach suits AMAL/TAW.
The only downside of this Bite-Size approach - AMAL/TAW will not get much analysts coverage and go relatively unnoticed to big funds/institutions, as the story is not sexy enough.
That is great for long-term investors but not exciting for short-term traders. So be patient, the SP will also grow slowly. Take a 2-3 years view and the SP will be unimaginable - way beyond what Tjandra had mentioned IMO.
His approach (of tackling by bite size) is definitely different from other miners and is rather sound from a business angle.
Start small, thus needing less starting up resources. Once you get some returns, reinvest and grow from there.
Step by Step, AMAL/TAW will grow into a mid-cap enterprise in 2-3 years time. Investors need to be super patience to see results.
Look at Galaxy Resources which took a different approach.
They had to raise alot of funds in the early stage and dilute the company like mad. In the end, they had to do a 5-to-1 share consolidation to reduce the number of floating shares.
Not to say that their approach is wrong. Just highlighting that there are pros and cons to different approach.
I do agree with RiskTaker that Mark' s approach suits AMAL/TAW.
The only downside of this Bite-Size approach - AMAL/TAW will not get much analysts coverage and go relatively unnoticed to big funds/institutions, as the story is not sexy enough.
That is great for long-term investors but not exciting for short-term traders. So be patient, the SP will also grow slowly. Take a 2-3 years view and the SP will be unimaginable - way beyond what Tjandra had mentioned IMO.
risktaker ( Date: 12-Oct-2017 17:17) Posted:
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We are not talking about SP. But about the suspension which u r wrong.
papayaface ( Date: 13-Oct-2017 07:08) Posted:
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New thread ? A better tomorrow ...
Really? Let' s see who laughs last....hiak hiak hiak. More meat for shortists. Good luck
Tanahkow ( Date: 13-Oct-2017 05:49) Posted:
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IMHO, I anticipate gap up when trading resume and should not be too far from target $0.50 in next few days
Atom99 ( Date: 12-Oct-2017 23:46) Posted:
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Good luck to you papayaface ! Fearmonger, he will disappear by eating his own words of the 0.01%, as counter resume trading...Papayaface, you are hopless, maybe you are waiting for Dow to crash but it didnt crash on 12 Oct 2017
papayaface ( Date: 12-Oct-2017 22:04) Posted:
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I think Bro Atom is not questioning.
He is making a reassuring statement of the possibiliy of AMAL hitting 50cents by 24 Oct.
Caveat by DYOR and DYODD..
Cheers indeed to AMAL and those steadfast shareholders.
Happy Investing
He is making a reassuring statement of the possibiliy of AMAL hitting 50cents by 24 Oct.
Caveat by DYOR and DYODD..
Cheers indeed to AMAL and those steadfast shareholders.
Happy Investing
TigTig ( Date: 12-Oct-2017 23:57) Posted:
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Question of the year.
Atom99 ( Date: 12-Oct-2017 23:46) Posted:
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Perfect Timing from the CEO.
From tomorrow till 24 OCT 17,will AMAL' s SP hit 50 cents or more? Will it be an exciting or boring period?
We will know the outcome when the time comes.
Did I missed anything?
DYOR and DYODD. Cheers to AMAL!!!
From tomorrow till 24 OCT 17,will AMAL' s SP hit 50 cents or more? Will it be an exciting or boring period?
We will know the outcome when the time comes.
Did I missed anything?
DYOR and DYODD. Cheers to AMAL!!!
luanboo ( Date: 12-Oct-2017 23:24) Posted:
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Announcement is out. Trading resume tomorrow.