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Didnt add or didnt sell. Held from Feb with a 1.7 average price. Went out, put in a queue at realistic TP but didnt get. Now back 1.9 or low 1.8. Sian? Yes. But overall, does not change my TP. And if true, the takeover price is min above 2.3. Dont talk NAV pls. None of the takeover ever look at NAV for penny takeovers. Also, the BBs entered some bond/invest at 1.5 cents. Cannot be sell at 1.8/1.9. Judging from Luzhou takeover, it was 1.5 then takeover 3 cents. Blackgold 1.2 so 2.4? or 1.3 so 2.6? In any case, it could be a SCAM annoucement, so u can sell if u wish. I wont be adding, wont be selling below 2.3 that' s for sure. U need to follow this counter and know the BB to play this.
Absorbing all selling at 19 before making new high...Lets see..wink2
the sell down is fast and furious
| 13:09:06 | 0.019 | 200,000 | Sell Down |
| 13:09:06 | 0.019 | 400,000 | Sell Down |
| 13:09:06 | 0.019 | 396,400 | Sell Down |
sell down in process.0.18 is a good bet
Entered at 22. Will pump to 30 or even 40. dyodd
limos88 ( Date: 02-Jul-2020 11:40) Posted:
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HI Johnng
I am new, seen some of your post can I buy at 0.19? Please advice or any good recommendation?
I am new, seen some of your post can I buy at 0.19? Please advice or any good recommendation?
johnng ( Date: 02-Jul-2020 11:33) Posted:
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took profit today....GREAT on BLACKGOLD....
Alot of selling pressure from those stuck at 0.020 at Feb 2020
Wha. Now sell queue looks like CSC from 2 days back. If same trading pattern, may go below 18 by end of the day.
More to come, wait for profit taking to clear first before going for higher level
Think have chance unless BB no give chance and buy up. Retailers don?t dare to buy at 20 now after the selldown from 23. Once buying at 20 stops, selling at 19 will begin.
KC1181 ( Date: 02-Jul-2020 10:04) Posted:
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long que. still waiting for orders to be filled at 19. I' m more hopeful, targeting 40s range.
Hope can see 30 soon..Il be grateful...heh
BlackGold Receives Letter of Intent from Indian Conglomerate, S Lad Group, for Proposed Strategic Business Collaboration and Acquisition of BlackGold
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With more than five decades of experience in the mining business, the S Lad Group has diversified the mining business into several units such as the manufacturing of pig iron and various other activities -
The S Lad Group also has substantial interest in over 16 diversified companies which are into information technology, real estate, entertainment industry and aviation -
The potential collaboration is envisioned to attain synergies for BlackGold&rsquo s operations by tapping on S Lad Group&rsquo s extensive mining expertise -
Potential to create inroads to new market opportunities in India for BlackGold
The S Lad Group, led by Shri. Santosh S Lad (Former Minister of Government of Karnataka) is a corporate house in South Indian State of Karnataka. Headquartered in Bangalore, the S Lad group is one of the oldest and largest suppliers of iron ore from the South Indian State of Karnataka. With more than five decades of experience in the mining business, it has diversified the mining business into several units such as the manufacturing of pig iron and various other activities.
The S Lad Group has substantial interest in over 16 diversified companies which are into information technology, real estate, entertainment industry and aviation. The S Lad Group businesses include IT firms, air cargo company, real estate development firms, movie and TV production companies, as well as online entertainment portals.
With extensive experience of the S Lad Group in the mining industry, the potential business collaboration is envisioned to attain synergies for BlackGold&rsquo s operations by tapping on S Lad Group&rsquo s extensive mining expertise. In addition, there is potential to create inroads to new market opportunities in India for BlackGold.
Previously in February 2020, the Group announced a 4-prong strategy to build strategic partnerships, establish offtake agreements, harness growth opportunities and strengthen financial foundation so as to capitalise on new opportunities within the resource industry in Asia, Papua New Guinea and Australia.
Then in March 2020, BlackGold completed a fundraising exercise for an aggregate S$2 million of interest-free convertible bonds.
Mr. Soh Sai Kiang, Chairman of BlackGold, said, &ldquo The S Lad Group&rsquo s letter of intent marks an exciting development for BlackGold because both companies share a commitment to support the long-term growth prospects of energy demand in Asia.
As the Group proceeds with negotiations and formulating a response to the LOI, it is envisioned that the proposed transaction, when brought to fruition, will mean significant long-term potential for synergies and multiple growth levers to expand our markets and range of commodities including iron ore.&rdquo
move buy que to 19. will we see this dark horse back to 100 range?
Absorbing profit taking now..Potemtial of another bull run later :))
que some more at 18
makdatok ( Date: 02-Jul-2020 09:21) Posted:
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Added more at 19..This could be my term play
Looks like big players are accumulating
Wonder who is buying with Retailers cashing out?