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WILL CHIONG UP to 2cents..WHY are you so worried? BBs want earn the BIG MONEY...
gregtan123 ( Date: 10-Jun-2020 15:05) Posted:
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OEL Styled and FAKE. Trapped all the 1.4 and 1.3. Blackgold sian.
johnng ( Date: 10-Jun-2020 14:16) Posted:
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FINALLY BREAKOUT 14 NOW 15...can we see 20 TODAY?
14 is a DISCOUNTED PRICE CHEAP CHEAP...
14 is a DISCOUNTED PRICE CHEAP CHEAP...
CHIONG LE!!!
BLACKGOLD coming anytime...it is a real BREAKOUT...demand at 13 is real...
gregtan123 ( Date: 10-Jun-2020 13:51) Posted:
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bro this feels like a OEL, SINO, Sunmoon. ALL fake breakouts. all stuck at bad prices. Don ' t get mewrong I also wish you r right. I got 300,000 shares at 0.017 average. so yes i want it to go 2 lor.
johnng ( Date: 10-Jun-2020 13:42) Posted:
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bro flash in pan. 1.3 buyers ALL dead.
johnng ( Date: 10-Jun-2020 13:37) Posted:
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CHIONG ARH!!
Go go go BLACKGOLD to 20....
will go 2 meh?
johnng ( Date: 10-Jun-2020 13:35) Posted:
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CHIONG ARH 14 1 mouth breakout
gregtan123 ( Date: 10-Jun-2020 13:31) Posted:
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Wow in 1 minute 2.4 mill shares BUY UP. U r the guru
johnng ( Date: 10-Jun-2020 13:28) Posted:
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COMING NOW WILL GO 2cents TODAY....
where? no trade
johnng ( Date: 10-Jun-2020 13:28) Posted:
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THIS ONE coming now!!!
OIL Crash is good for them too.
As reported by Argus Media on 1 April 2020, Indonesia exported 456.36 million tonnes of coal in 2019. This was 6.4 percent higher than in 2018 and was likely an all-time high, with the increase driven by firm demand from China and India, as well as growing demand from Southeast Asia. Thermal coal accounted for 428.83 million tonnes of 2019 exports, up by 35.2 million tonnes from 2018. Nevertheless, Indonesian exports could contract by around 15 million tonnes this year amid a slowdown in demand in the Asia-Pacific region, said Hong Kong-based trading firm Noble Resources' head of research Rodrigo Echeverri. Despite the weaker demand outlook, Indonesian mining companies may not look to cut output immediately, especially given the recent slump in crude prices that has REDUCED their coal production costs significantly.
Covid Outlook
The outbreak of the Novel Coronavirus (&ldquo Covid-19&rdquo ) has impacted the local and international business environment. While Covid-19 outbreak may have an impact on the international market, underlying low calorie coal demand for the local market remains healthy.
The Group&rsquo s current operation is NOT significantly impacted by the ongoing Covid-19 pandemic.
As reported by Argus Media on 1 April 2020, Indonesia exported 456.36 million tonnes of coal in 2019. This was 6.4 percent higher than in 2018 and was likely an all-time high, with the increase driven by firm demand from China and India, as well as growing demand from Southeast Asia. Thermal coal accounted for 428.83 million tonnes of 2019 exports, up by 35.2 million tonnes from 2018. Nevertheless, Indonesian exports could contract by around 15 million tonnes this year amid a slowdown in demand in the Asia-Pacific region, said Hong Kong-based trading firm Noble Resources' head of research Rodrigo Echeverri. Despite the weaker demand outlook, Indonesian mining companies may not look to cut output immediately, especially given the recent slump in crude prices that has REDUCED their coal production costs significantly.
Covid Outlook
The outbreak of the Novel Coronavirus (&ldquo Covid-19&rdquo ) has impacted the local and international business environment. While Covid-19 outbreak may have an impact on the international market, underlying low calorie coal demand for the local market remains healthy.
The Group&rsquo s current operation is NOT significantly impacted by the ongoing Covid-19 pandemic.
Most people who never delve deeper into this stock: see Loss. But delve deeper, Numbers look Good + Got BBS inside at 1.5 cents.
Revenue is generated through the sale of coal from its coal mining activities to its customers. Revenue amounted to US$2.7M in 1Q2020, as compared to US$980K in 1Q2019. This is due to an INCREASE of 165% in tons of coal sold during 1Q2020. 3X Revenue.
The Group recorded a gross profit of US$586K in 1Q2020 as compared to gross profit of US$142K in 1Q2019. The improved gross profit margin from 14.5% in 1Q2019 to 21.4% in 1Q2020 was mainly attributable to lower costs of production and reduced logistics costs of coal delivery to the Group&rsquo s customers arising from economy of scale setting in. 4X Gross Profit.
Issue: Currency Conversion LOSS due to USD Strengthening
Going Concern and Working Capital The Board is of the view that the Group is able to continue improving its working capital position and operate as a going concern for the following reasons:
(i) On 30 January 2020, the Group has entered into 3 (three) convertible bond agreements to raise an aggregate of S$5.0M from the Series A Bonds and up to S$20.0M from a subsequent tranche of Series B Bonds. Please refer to the Company&rsquo s announcement dated 5 February 2020 for details
(ii) As at the date of this announcement, the Company had received S$2.0M of the Series A Bonds
(iii) The Group has enlarged its portfolio of customers in 1Q2020, increasing its sales volume by 165% from 1Q2019
(iv) The Group has achieved better gross profits of US$586K in 1Q2020 as compared to 1Q2019. The Group believes that the trend will continue as the Group gains new customers and continues increasing production, moving towards a stronger working capital position over the course of the next 12 months (v) The Group has an available loan facility from its shareholders amounting to US$35,815,153 from which it can draw upon when required and (vi) The Group has secured supply chain financing facilities from a third party bank to support its operations.
Revenue is generated through the sale of coal from its coal mining activities to its customers. Revenue amounted to US$2.7M in 1Q2020, as compared to US$980K in 1Q2019. This is due to an INCREASE of 165% in tons of coal sold during 1Q2020. 3X Revenue.
The Group recorded a gross profit of US$586K in 1Q2020 as compared to gross profit of US$142K in 1Q2019. The improved gross profit margin from 14.5% in 1Q2019 to 21.4% in 1Q2020 was mainly attributable to lower costs of production and reduced logistics costs of coal delivery to the Group&rsquo s customers arising from economy of scale setting in. 4X Gross Profit.
Issue: Currency Conversion LOSS due to USD Strengthening
Going Concern and Working Capital The Board is of the view that the Group is able to continue improving its working capital position and operate as a going concern for the following reasons:
(i) On 30 January 2020, the Group has entered into 3 (three) convertible bond agreements to raise an aggregate of S$5.0M from the Series A Bonds and up to S$20.0M from a subsequent tranche of Series B Bonds. Please refer to the Company&rsquo s announcement dated 5 February 2020 for details
(ii) As at the date of this announcement, the Company had received S$2.0M of the Series A Bonds
(iii) The Group has enlarged its portfolio of customers in 1Q2020, increasing its sales volume by 165% from 1Q2019
(iv) The Group has achieved better gross profits of US$586K in 1Q2020 as compared to 1Q2019. The Group believes that the trend will continue as the Group gains new customers and continues increasing production, moving towards a stronger working capital position over the course of the next 12 months (v) The Group has an available loan facility from its shareholders amounting to US$35,815,153 from which it can draw upon when required and (vi) The Group has secured supply chain financing facilities from a third party bank to support its operations.
haha okay, 4 months from now we talk again
mikethong88 ( Date: 15-May-2020 17:43) Posted:
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loss again
gregtan123 ( Date: 15-May-2020 17:40) Posted:
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Sales increase 179%, Gross Profit increase 313%, SUPER dark horse. but lost on currency and expenses. Another super share.