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Today very 👍 buyup... Imo, super good time ahead.... Loadup with no hesitation 😁
luckychiong99 ( Date: 12-Oct-2021 17:52) Posted:
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Pls refer to the previous announcement and uob is the under writer
The price is 0.06
Not 0.006
Uob need more time but due to non extension of time hence deal fails through.
Bbs give us hint already. After announced 2Q results in august, they announced the failed deal together.
Probably this time they know that coal price surge will get them a better deal from 0.06
Let?s cross fingers
First, the walls at 20/21 were thinner by a lot due to all those contra sellers withdrawn and sold down 18.
From tomorrow, it?s easier to break the walls at 20/21 for the bbs.
Let?s Huat big big here
investment ( Date: 12-Oct-2021 17:48) Posted:
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Last offer is it 0.006 or 0.06.A lot different.
luckychiong99 ( Date: 12-Oct-2021 17:32) Posted:
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Last offer is 0.06 which failed just in August.
Maybe this time we will have more. 3 fold from current price and yet takeover still fail.
Mmmm.. wondering what price then ?
Let' s hope they make an offer soon...
TraderBen ( Date: 12-Oct-2021 16:50) Posted:
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china will offer better price to take all ur coal.. better if take over the whole company..
That' s good
luckychiong99 ( Date: 12-Oct-2021 16:28) Posted:
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BLACKGOLD NATURAL RESOURCES LIMITED
(Company Registration Number: 199704544C)
(Incorporated in the Republic of Singapore)
MEMORANDUM OF COOPERATION WITH XIAMEN RUNPU IMPORT AND EXPORT CO., LTD (厦
门 市 润 璞 进 出 有 限 公 司 ) (&ldquo OFFTAKE AGREEMENT&rdquo )
- SUPPLEMENTAL OFFTAKE AGREEMENT (EXTENSION OF EXPIRY DATE)
Unless otherwise defined, all terms and references used in this announcement shall bear the same
meaning ascribed to them in the Company&rsquo s announcements dated 5 February 2020 (the &ldquo Previous
Announcement&rdquo ) in relation to, inter alia, the signing of the Offtake Agreement dated 29 January 2020
with Xiamen Runpu Import and Export Co., Ltd (厦 门 市 润 璞 进 出 有 限 公 司 ) (&ldquo Xiamen Runpu&rdquo ) for the
supply of coal to Xiamen Runpu.
1. Further to the Previous Announcement, the Board wishes to announce that the Company and
Xiamen Runpu have entered into a supplemental offtake agreement on 29 January 2021
(&ldquo Supplemental Offtake Agreement&rdquo ) to extend the expiry date of the Offtake Agreement for a
further one (1) year from 29 January 2021 until 29 January 2022. All other terms in the Offtake
Agreement and all rights and obligations of the parties thereunder remain unchanged. Subject to a
definitive agreement being entered between the Company and Xiamen Runpu, the Company would
like to inform that the supply of coal from the Company to Xiamen Runpu would be in the ordinary
course of Group&rsquo s business.
2. The Company will continue to make announcements as and when appropriate to update
shareholders on this matter.
3. Shareholders and potential investors are advised to carefully read this announcement and any
further announcements made by the Company. Shareholders are also advised to refrain from taking
any action in respect of their securities in the Company which may be prejudicial to their interests,
and to exercise caution when dealing in the securities of the Company. In the event of any doubt,
shareholders and potential investors should consult their stockbrokers, bank managers, solicitors,
accountants or other professional advisers
By Order of the Board
Soh Sai Kiang
Independent Non-Executive Chairman
29 January 2021
This announcement has been reviewed by the Company' s sponsor, SAC Capital Private Limited (the " Sponsor" ).
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited
(&ldquo SGX-ST&rdquo ) and the SGX-ST assumes no responsibility for the contents of this announcement including the
correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr David Yeong (Telephone number: +65 6232 3210), at 1 Robinson Road,
#21-00 AIA Tower, Singapore 048542
(Company Registration Number: 199704544C)
(Incorporated in the Republic of Singapore)
MEMORANDUM OF COOPERATION WITH XIAMEN RUNPU IMPORT AND EXPORT CO., LTD (厦
门 市 润 璞 进 出 有 限 公 司 ) (&ldquo OFFTAKE AGREEMENT&rdquo )
- SUPPLEMENTAL OFFTAKE AGREEMENT (EXTENSION OF EXPIRY DATE)
Unless otherwise defined, all terms and references used in this announcement shall bear the same
meaning ascribed to them in the Company&rsquo s announcements dated 5 February 2020 (the &ldquo Previous
Announcement&rdquo ) in relation to, inter alia, the signing of the Offtake Agreement dated 29 January 2020
with Xiamen Runpu Import and Export Co., Ltd (厦 门 市 润 璞 进 出 有 限 公 司 ) (&ldquo Xiamen Runpu&rdquo ) for the
supply of coal to Xiamen Runpu.
1. Further to the Previous Announcement, the Board wishes to announce that the Company and
Xiamen Runpu have entered into a supplemental offtake agreement on 29 January 2021
(&ldquo Supplemental Offtake Agreement&rdquo ) to extend the expiry date of the Offtake Agreement for a
further one (1) year from 29 January 2021 until 29 January 2022. All other terms in the Offtake
Agreement and all rights and obligations of the parties thereunder remain unchanged. Subject to a
definitive agreement being entered between the Company and Xiamen Runpu, the Company would
like to inform that the supply of coal from the Company to Xiamen Runpu would be in the ordinary
course of Group&rsquo s business.
2. The Company will continue to make announcements as and when appropriate to update
shareholders on this matter.
3. Shareholders and potential investors are advised to carefully read this announcement and any
further announcements made by the Company. Shareholders are also advised to refrain from taking
any action in respect of their securities in the Company which may be prejudicial to their interests,
and to exercise caution when dealing in the securities of the Company. In the event of any doubt,
shareholders and potential investors should consult their stockbrokers, bank managers, solicitors,
accountants or other professional advisers
By Order of the Board
Soh Sai Kiang
Independent Non-Executive Chairman
29 January 2021
This announcement has been reviewed by the Company' s sponsor, SAC Capital Private Limited (the " Sponsor" ).
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited
(&ldquo SGX-ST&rdquo ) and the SGX-ST assumes no responsibility for the contents of this announcement including the
correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr David Yeong (Telephone number: +65 6232 3210), at 1 Robinson Road,
#21-00 AIA Tower, Singapore 048542
I dont know if they export to India but they export to China like Xiamen .
Pls read their all annoucements if you are vested
I am looking forward to their 3Q earnings next month .
Pls read their all annoucements if you are vested
I am looking forward to their 3Q earnings next month .
luckychiong99 ( Date: 12-Oct-2021 16:22) Posted:
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Thanks. Perhpas they should consider exporting to india/China too...
luckychiong99 ( Date: 12-Oct-2021 16:22) Posted:
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BlackGold Group (" BlackGold" or the " Group" ) is an Indonesia-focused coal mining company targeting Indonesia' s rapidly-growing power plant industry, with a specific focus on supplying coal to power plants located in Riau province, Sumatra, Indonesia.
The coal shortage in India and China will cause the global coal price knee jerk upwards .
It doesnt mean blackgold is exporting to India
The coal shortage in India and China will cause the global coal price knee jerk upwards .
It doesnt mean blackgold is exporting to India
luckychiong99 ( Date: 12-Oct-2021 16:20) Posted:
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Bbs have absorbed the contra sellers really well today. And now start eating 19. Are we going to finish on a high by close? That will be amazing. If 19 can eat up finish by close, tomorrow will be super interesting
lp2000 ( Date: 12-Oct-2021 16:14) Posted:
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Is BlackGold exporting/expanding its services to India? or is it mainly focused on Indonesia? it looks like there is still pressure on the price to go down today...
luckychiong99 ( Date: 12-Oct-2021 16:04) Posted:
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India faces electricity crisis as coal supplies run critically low
India is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts.
States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low.
According to data from the Central Electricity Authority of India, nearly 80% of the country&rsquo s coal-fired plants were in the critical, or &ldquo supercritical&rdquo stage, meaning their stocks could run out in less than five days.
Over the weekend, Delhi&rsquo s chief minister, Arvind Kejriwal, wrote to the prime minister, Narendra Modi, that the capital &ldquo could face a blackout&rdquo if power stations did not receive more coal.
States including Rajasthan, Jharkhand and Bihar have been experiencing power cuts lasting up to 14 hours.
Maharashtra shut down 13 thermal power plants and urged people to use electricity sparingly, and in Punjab three power plants halted production. Scheduled power cuts introduced in Punjab, lasting up to six hours at a time, have prompted protests.
However, experts have emphasised that the power issues are not due to a shortage of domestic coal production, as some have reported.
Over the past two decades, domestic coal production in India has continued to rise exponentially, though there was a minor dip in production of less than 1% from 2019 to 2020 due to the pandemic.
Energy providers and India&rsquo s state-owned coal producer, Coal India Limited, have instead been accused of failing to stockpile sufficient amounts to meet the predicted rise in demand.
&ldquo The current crisis is not manifested by shortage of coal mining capacity, but instead it is caused due to improper foresight, planning and stocking of coal by power generators and energy regulator in the country,&rdquo said Sunil Dahiya, an analyst at the Centre for Research on Energy and Clean Air.
This year&rsquo s heavy monsoon rains have also been blamed for affecting domestic coal mining due to flooding and impeding the dispatch of coal from the mines.
While this is no different from every year, more coal is usually imported to bridge the gap in production. But due to a global energy crisis, which has seen international prices hit record highs, it has been more of a financial challenge to import more coal, leading to greater shortages than usual.
Vibhuti Garg, lead India economist for the Institute for Energy Economics and Financial Analysis, said that there had been a significant growth in electricity demand recently, as India had re-emerged from the Covid lockdown, but added that this had been anticipated months ago, so should not have taken power companies by surprise.
&ldquo Various stakeholders are to be blamed for the situation,&rdquo said Garg, who described the situation as &ldquo scary but likely to get better soon&rdquo .
&ldquo Developers were playing safe, thinking that there was a high chance of another Covid wave hitting around this time of the year which would suppress demand. So they didn&rsquo t do enough to stock coal at their end.
So, while there was availability of coal in the last few months, developers were not maintaining enough stock at their end, leading to a crisis situation now.&rdquo
Garg said that over the past year &ldquo renewable energy installation also slowed down&rdquo and that, if the Indian government had focused on increasing the capacity of renewables such as solar, wind and hydro, &ldquo the increased demand could have been met through renewable energy and this crisis could have been averted&rdquo .
Seeking to allay fears around the power shortages, India&rsquo s minister for power, RK Singh, said that &ldquo panic has been unnecessarily created about coal shortages&rdquo .
Coal minister Pralhad Joshi blamed heavy rains and the high price of international coal for disrupting supply but insisted that in &ldquo another three to four days, things will be alright&rdquo
However, there are concerns that the shortages will be used by to justify pushing more domestic coal production, with some state governments already putting on the pressure for expedited clearance for new coalmines in protected areas.
India already has plans to boost its domestic coal production to 1bn tons by 2024.
&ldquo The situation is used by few stakeholders to push forward more opening up of coalmines citing the reason as low coal availability but that&rsquo s not true at all,&rdquo said Dahiya.
Any further expansion will mostly affect India&rsquo s tribal communities who live in the forests which cover India&rsquo s largest coal reserves, and who have already born the brunt of the environmental damage of coal mining.
If India is to meet its climate targets in the coming years, the country will also need to wean itself off coal, which currently powers almost 70% of its electricity.
&ldquo I think the government is using this as an opportunity to push for more coal mining or coal-based power generation,&rdquo said Garg. &ldquo But we should avoid investing money in assets which will become stranded.
&ldquo Coal based generation is expensive and the prices will further increase. On the other hand, renewable energy generation is cheap and prices are likely to go down further.&rdquo
India is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts.
States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low.
According to data from the Central Electricity Authority of India, nearly 80% of the country&rsquo s coal-fired plants were in the critical, or &ldquo supercritical&rdquo stage, meaning their stocks could run out in less than five days.
Over the weekend, Delhi&rsquo s chief minister, Arvind Kejriwal, wrote to the prime minister, Narendra Modi, that the capital &ldquo could face a blackout&rdquo if power stations did not receive more coal.
States including Rajasthan, Jharkhand and Bihar have been experiencing power cuts lasting up to 14 hours.
Maharashtra shut down 13 thermal power plants and urged people to use electricity sparingly, and in Punjab three power plants halted production. Scheduled power cuts introduced in Punjab, lasting up to six hours at a time, have prompted protests.
However, experts have emphasised that the power issues are not due to a shortage of domestic coal production, as some have reported.
Over the past two decades, domestic coal production in India has continued to rise exponentially, though there was a minor dip in production of less than 1% from 2019 to 2020 due to the pandemic.
Energy providers and India&rsquo s state-owned coal producer, Coal India Limited, have instead been accused of failing to stockpile sufficient amounts to meet the predicted rise in demand.
&ldquo The current crisis is not manifested by shortage of coal mining capacity, but instead it is caused due to improper foresight, planning and stocking of coal by power generators and energy regulator in the country,&rdquo said Sunil Dahiya, an analyst at the Centre for Research on Energy and Clean Air.
This year&rsquo s heavy monsoon rains have also been blamed for affecting domestic coal mining due to flooding and impeding the dispatch of coal from the mines.
While this is no different from every year, more coal is usually imported to bridge the gap in production. But due to a global energy crisis, which has seen international prices hit record highs, it has been more of a financial challenge to import more coal, leading to greater shortages than usual.
Vibhuti Garg, lead India economist for the Institute for Energy Economics and Financial Analysis, said that there had been a significant growth in electricity demand recently, as India had re-emerged from the Covid lockdown, but added that this had been anticipated months ago, so should not have taken power companies by surprise.
&ldquo Various stakeholders are to be blamed for the situation,&rdquo said Garg, who described the situation as &ldquo scary but likely to get better soon&rdquo .
&ldquo Developers were playing safe, thinking that there was a high chance of another Covid wave hitting around this time of the year which would suppress demand. So they didn&rsquo t do enough to stock coal at their end.
So, while there was availability of coal in the last few months, developers were not maintaining enough stock at their end, leading to a crisis situation now.&rdquo
Garg said that over the past year &ldquo renewable energy installation also slowed down&rdquo and that, if the Indian government had focused on increasing the capacity of renewables such as solar, wind and hydro, &ldquo the increased demand could have been met through renewable energy and this crisis could have been averted&rdquo .
Seeking to allay fears around the power shortages, India&rsquo s minister for power, RK Singh, said that &ldquo panic has been unnecessarily created about coal shortages&rdquo .
Coal minister Pralhad Joshi blamed heavy rains and the high price of international coal for disrupting supply but insisted that in &ldquo another three to four days, things will be alright&rdquo
However, there are concerns that the shortages will be used by to justify pushing more domestic coal production, with some state governments already putting on the pressure for expedited clearance for new coalmines in protected areas.
India already has plans to boost its domestic coal production to 1bn tons by 2024.
&ldquo The situation is used by few stakeholders to push forward more opening up of coalmines citing the reason as low coal availability but that&rsquo s not true at all,&rdquo said Dahiya.
Any further expansion will mostly affect India&rsquo s tribal communities who live in the forests which cover India&rsquo s largest coal reserves, and who have already born the brunt of the environmental damage of coal mining.
If India is to meet its climate targets in the coming years, the country will also need to wean itself off coal, which currently powers almost 70% of its electricity.
&ldquo I think the government is using this as an opportunity to push for more coal mining or coal-based power generation,&rdquo said Garg. &ldquo But we should avoid investing money in assets which will become stranded.
&ldquo Coal based generation is expensive and the prices will further increase. On the other hand, renewable energy generation is cheap and prices are likely to go down further.&rdquo
That&rsquo s what happened to Shen Yao
Picked gold but end up swallowed by crocodiles
Picked gold but end up swallowed by crocodiles
Vivivie ( Date: 12-Oct-2021 13:27) Posted:
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change the name to blackheart ..orsim
some people " play" stocks like the fella who happily walked into a river to pick up some gleaming thing.
the river was calm, some winds blew but he didn' t ask himself a few questions.
no crocodile lah, don' t be scared. And guess what happened to him.
the river was calm, some winds blew but he didn' t ask himself a few questions.
no crocodile lah, don' t be scared. And guess what happened to him.
Bro , play stocks no need logic to ask why like this why like that . Play by movement n fundamentals with current market trend .
Why ytd no 6mil come out sell 19 why today have ? Why 21 wall shift down ? why ? Because bbs want suck them ?
I only know coming Nov Blackgold will more Huat !
Today consider drop durians prices , for those who not yet pick cheap durians then no more chance soon .
Goodlucky everyone and pls DYODD .
Why ytd no 6mil come out sell 19 why today have ? Why 21 wall shift down ? why ? Because bbs want suck them ?
I only know coming Nov Blackgold will more Huat !
Today consider drop durians prices , for those who not yet pick cheap durians then no more chance soon .
Goodlucky everyone and pls DYODD .
Vivivie ( Date: 12-Oct-2021 12:43) Posted:
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Today is the last day contra due that chased last week
Bbs sucking them out today
Total around 70 mil done I last week. How many contras 20/21 we should know by today closed. After which tomorrow will have no such contra dues already.
Bbs sucking them out today
Total around 70 mil done I last week. How many contras 20/21 we should know by today closed. After which tomorrow will have no such contra dues already.
Interesting stock with a low market cap of $20 million.
Questions:
1. They sell coal mainly to Indonesian power plants? What is the pricing compared to selling to international buyers ?
2. Why is the production volume erratic from quarter to quarter?
3 How is the coal price determined?
Questions:
1. They sell coal mainly to Indonesian power plants? What is the pricing compared to selling to international buyers ?
2. Why is the production volume erratic from quarter to quarter?
3 How is the coal price determined?