BlackGoldNatural    Last:0.003   -

Blackhorse

Low vol with 0.018

lp2000      ( Date: 01-Jun-2021 09:01) Posted: It looks like it is moving up again today, if you look at the pre-market opening volumes, though trade with care.

 

It looks like it is moving up again today, if you look at the pre-market opening volumes, though trade with care.

 

Thanks. 

tanstg      ( Date: 31-May-2021 08:35) Posted: The financial health of this company is not looking very good.  Liabitities is very high plus last yesr company earning down by -106% and assets left only US$133K.  So be very careful and DyoD before getting it.  lp2000      ( Date: 30-May-2021 19:56) Posted: Thanks. Always safe to dyod and check the track record of any company properly. Howpfully this time is more substance and a higher chance to get the deal right and bring more confidence to the price to move up

 

The financial health of this company is not looking very good. 
Liabitities is very high plus last yesr company earning down by -106% and assets left only US$133K. 
So be very careful and DyoD before getting it. 

lp2000      ( Date: 30-May-2021 19:56) Posted: Thanks. Always safe to dyod and check the track record of any company properly. Howpfully this time is more substance and a higher chance to get the deal right and bring more confidence to the price to move up. investment      ( Date: 30-May-2021 17:19) Posted: Thanks

 

If not wrong,they mentioned within 21 days of signing SPA they are propose placement shares.So we will see placement as the first step.

 

Thanks. Always safe to dyod and check the track record of any company properly. Howpfully this time is more substance and a higher chance to get the deal right and bring more confidence to the price to move up.

investment      ( Date: 30-May-2021 17:19) Posted: Thanks. hem2998      ( Date: 30-May-2021 16:40) Posted: The deal is not done. They have a 1 year time frame to make it happen. Suggest you read through all their past deals and dealings. This counter does not have a good track record. Wish you all the best.

 

Thanks.

hem2998      ( Date: 30-May-2021 16:40) Posted: The deal is not done. They have a 1 year time frame to make it happen. Suggest you read through all their past deals and dealings. This counter does not have a good track record. Wish you all the best. investment      ( Date: 29-May-2021 18:46) Posted: I was hoping the price would go up higher .As They indicted the value of black gold is $202million Roughly equivalent to share price around $0.20. How come the price still traded at#0.019. No investor interested as it way way undervalued.

 

The deal is not done.
They have a 1 year time frame to make it happen.

Suggest you read through all their past deals and dealings.
This counter does not have a good track record.

Wish you all the best.

investment      ( Date: 29-May-2021 18:46) Posted: I was hoping the price would go up higher .As They indicted the value of black gold is $202million Roughly equivalent to share price around $0.20. How come the price still traded at#0.019. No investor interested as it way way undervalued. peterwong321      ( Date: 29-May-2021 18:42) Posted: I enter 400lots@22,21,20,19 , hope will go back to old good day 20 cents Target price

 

I was hoping the price would go up higher .As
They indicted the value of black gold is $202million
Roughly equivalent to share price around $0.20.
How come the price still traded at#0.019.
No investor interested as it way way undervalued.

peterwong321      ( Date: 29-May-2021 18:42) Posted: I enter 400lots@22,21,20,19 , hope will go back to old good day 20 cents Target price

 

I enter 400lots@22,21,20,19 , hope will go back to old good day 20 cents Target price

 

But only issue us the TEC company which reputation was damaged which previously involved in QT vascular.

 

I think Black gold is seriously getting the deal done as they tried to get whatever deal which will benefit the company and shareholders.

 

That' s always a possibility of default, even if the deal was signed and sealed...same, there is no profit until you cashed in your shares. But then, if we do not have some trust in the managment of a company where we invest our money...then, it is just gambling...Looking at the facts and the latest news, I think there is some solid ground to move the price higher than the current one nevertheless always dyod and be prepare to wait longer than planned in order to see results.

investment      ( Date: 28-May-2021 17:35) Posted: Pertaining to the SPA,so actually now still consider not a done deal.Maybe the deal can be cancel same as what QT Vascular which gone through this RTO.

 

They never update anything news regarding S Lad.So now they have 2 deal to select?

 

if this TEC thing failed again.. then it will be the biggest BS RTO company.. 

Joelton      ( Date: 28-May-2021 09:54) Posted: BlackGold Signs Agreement for a RTO Transaction Valued at S$1 Billion To Undertake Placement of New Shares  to Fund the Related Acquisitions Costs and Expenses as well as Working Capital   - BlackGold to acquire TEC Group that has two operating entities in Mongolia, one entity holding mining licences to mine coal deposits in Bayan soum, Tuv province in Mongolia (&ldquo Target Concessions&rdquo ), and the other entity holding licences to construct power plants and energy facilities in the country (&ldquo Licences&rdquo )   - Mongolia' s economic growth is expected to recover gradually to 4.8% in 2021 and accelerate to 5.7% in 2022   - The purchase price of S$1 billion shall be adjusted based on an independent valuation of TEC Group and its assets   - BlackGold shall have an indicative ascribed value of S$202.5 million under the agreement    SINGAPORE, 28 May 2021 &ndash BlackGold Natural Resources Limited (&ldquo BlackGold&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that it has signed a sale and purchase agreement (&ldquo SPA&rdquo ) with MGL Development Pte. Ltd. (&ldquo MGL&rdquo ) following the announcement of a non-binding term sheet signed between BlackGold and MGL in April 2021.   The SPA with MGL is in relation to a proposed acquisition of the entire issued and paid-up share capital of Tengri Coal and Energy Pte. Limited (&ldquo TEC&rdquo , and together with its subsidiaries, the " TEC Group" ) by the Company.    Upon completion of the proposed acquisition, it will result in a &ldquo reverse takeover&rdquo (&ldquo RTO&rdquo ) of BlackGold and this transaction is subject to, inter alia, the approval of shareholders of the Company at an extraordinary general meeting to be convened and the approval of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ).   Aligned with the Group&rsquo s strategy to expand its business through mergers and acquisitions, the proposed acquisition will enable the Group to diversify and expand its geographical footprint beyond Southeast Asia. In addition, it will allow the Group to vertically integrate its coal supply chain from mining to electricity power supply.   As it is likely that the TEC Group may be eligible for a listing on the Mainboard of the SGX-ST, the Company intends to seek a transfer of its listing from the Catalist Board to the Mainboard of the SGX-ST, in connection with this transaction.   Mongolia' s Economic Growth is Expected to Recover Gradually in 2021 and Accelerate in 2022    Over the past three decades, Mongolia has transformed itself with political and economic reforms, tripling its GDP per capita since 1991. Vast quantities of untapped mineral resources in Mongolia have made the country attractive for foreign investments, boosting the country' s economic growth over the years.    According to Mongolia&rsquo s Energy Ministry, around 80% of the electrical supply is produced domestically and 20% is imported.   Coal is the primary source of electricity generation in Mongolia, accounting for an estimated 85% of the total electricity generation in the country. Since 1990, the energy consumption in Mongolia has increased 124.62% to reach 7.3 terawatt hour in 2018.   According to a recent report by the Asian Development Bank, it projects Mongolia&rsquo s economic growth to recover to 4.8% in 2021 compared to the 5.3% contraction seen in 2020 before climbing to 5.7% in 2022, boosted by domestic demand, investment, increased private credit, and a full recovery across economic sectors.   Mr. Soh Sai Kiang, Chairman of BlackGold, commented, &ldquo Energy is an essential building block of an economy and Mongolia&rsquo s economic growth will further spur energy demand as seen historically.    Leveraging on the track record and business networks of TEC Group in Mongolia, this acquisition provides us with immediate access and scalability to a new geographical market and harness new growth opportunities within the mining and energy industry.   We believe that this transaction will be accretive to our shareholders and it will create a stronger business foundation to tap new opportunities in our targeted markets.&rdquo   Speaking on behalf of TEC Group, Mr. Philip Moynagh, CEO of Tsaidam Energy, added, &ldquo The Tengri Energy Group has initiated and developed a large portfolio of assets in the energy sector that is aligned with Mongolia&rsquo s economic growth.    The assets include over half a billion tonnes of coal, licences and designs for state of the art power plants, licences and designs for hundreds of kilometers of transmission infrastructure, offtake agreements for the generated electricity, construction and debt agreements with Chinese state owned enterprises, and equity agreements with a US investment company. The first 600MW project, a US$860 million capital expenditure project, is now ready for groundbreaking.   BlackGold&rsquo s capabilities and resource-related activities are synergistic to our growth strategy. And a Singapore listing will accelerate our plans in the development of an Asia-centric energy value chain platform to serve the growing energy demand in Asia.&rdquo

 

Pertaining to the SPA,so actually now still consider not a done deal.Maybe the deal can be cancel same as what QT Vascular which gone through this RTO.

 

Still a good volume for the day, though I was expecting to go higher than 22. Now seems to be consolidating, around 19/20. how strong could the walls at 20/21 be? or the resistance growing now at 18...

investment      ( Date: 28-May-2021 12:44) Posted: But share price seems weak. TraderBen      ( Date: 28-May-2021 03:57) Posted: Deal done. 200m meaning 15 cents at least?

 

lousy stock

 

But share price seems weak.

TraderBen      ( Date: 28-May-2021 03:57) Posted: Deal done. 200m meaning 15 cents at least?

 

Some good news.This can explain the up move today, isn' t it? 

Joelton      ( Date: 28-May-2021 09:54) Posted: BlackGold Signs Agreement for a RTO Transaction Valued at S$1 Billion To Undertake Placement of New Shares  to Fund the Related Acquisitions Costs and Expenses as well as Working Capital   - BlackGold to acquire TEC Group that has two operating entities in Mongolia, one entity holding mining licences to mine coal deposits in Bayan soum, Tuv province in Mongolia (&ldquo Target Concessions&rdquo ), and the other entity holding licences to construct power plants and energy facilities in the country (&ldquo Licences&rdquo )   - Mongolia' s economic growth is expected to recover gradually to 4.8% in 2021 and accelerate to 5.7% in 2022   - The purchase price of S$1 billion shall be adjusted based on an independent valuation of TEC Group and its assets   - BlackGold shall have an indicative ascribed value of S$202.5 million under the agreement    SINGAPORE, 28 May 2021 &ndash BlackGold Natural Resources Limited (&ldquo BlackGold&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that it has signed a sale and purchase agreement (&ldquo SPA&rdquo ) with MGL Development Pte. Ltd. (&ldquo MGL&rdquo ) following the announcement of a non-binding term sheet signed between BlackGold and MGL in April 2021.   The SPA with MGL is in relation to a proposed acquisition of the entire issued and paid-up share capital of Tengri Coal and Energy Pte. Limited (&ldquo TEC&rdquo , and together with its subsidiaries, the " TEC Group" ) by the Company.    Upon completion of the proposed acquisition, it will result in a &ldquo reverse takeover&rdquo (&ldquo RTO&rdquo ) of BlackGold and this transaction is subject to, inter alia, the approval of shareholders of the Company at an extraordinary general meeting to be convened and the approval of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ).   Aligned with the Group&rsquo s strategy to expand its business through mergers and acquisitions, the proposed acquisition will enable the Group to diversify and expand its geographical footprint beyond Southeast Asia. In addition, it will allow the Group to vertically integrate its coal supply chain from mining to electricity power supply.   As it is likely that the TEC Group may be eligible for a listing on the Mainboard of the SGX-ST, the Company intends to seek a transfer of its listing from the Catalist Board to the Mainboard of the SGX-ST, in connection with this transaction.   Mongolia' s Economic Growth is Expected to Recover Gradually in 2021 and Accelerate in 2022    Over the past three decades, Mongolia has transformed itself with political and economic reforms, tripling its GDP per capita since 1991. Vast quantities of untapped mineral resources in Mongolia have made the country attractive for foreign investments, boosting the country' s economic growth over the years.    According to Mongolia&rsquo s Energy Ministry, around 80% of the electrical supply is produced domestically and 20% is imported.   Coal is the primary source of electricity generation in Mongolia, accounting for an estimated 85% of the total electricity generation in the country. Since 1990, the energy consumption in Mongolia has increased 124.62% to reach 7.3 terawatt hour in 2018.   According to a recent report by the Asian Development Bank, it projects Mongolia&rsquo s economic growth to recover to 4.8% in 2021 compared to the 5.3% contraction seen in 2020 before climbing to 5.7% in 2022, boosted by domestic demand, investment, increased private credit, and a full recovery across economic sectors.   Mr. Soh Sai Kiang, Chairman of BlackGold, commented, &ldquo Energy is an essential building block of an economy and Mongolia&rsquo s economic growth will further spur energy demand as seen historically.    Leveraging on the track record and business networks of TEC Group in Mongolia, this acquisition provides us with immediate access and scalability to a new geographical market and harness new growth opportunities within the mining and energy industry.   We believe that this transaction will be accretive to our shareholders and it will create a stronger business foundation to tap new opportunities in our targeted markets.&rdquo   Speaking on behalf of TEC Group, Mr. Philip Moynagh, CEO of Tsaidam Energy, added, &ldquo The Tengri Energy Group has initiated and developed a large portfolio of assets in the energy sector that is aligned with Mongolia&rsquo s economic growth.    The assets include over half a billion tonnes of coal, licences and designs for state of the art power plants, licences and designs for hundreds of kilometers of transmission infrastructure, offtake agreements for the generated electricity, construction and debt agreements with Chinese state owned enterprises, and equity agreements with a US investment company. The first 600MW project, a US$860 million capital expenditure project, is now ready for groundbreaking.   BlackGold&rsquo s capabilities and resource-related activities are synergistic to our growth strategy. And a Singapore listing will accelerate our plans in the development of an Asia-centric energy value chain platform to serve the growing energy demand in Asia.&rdquo