Posted by 390465 > 2013-05-03 12:13 | Report Abuse

gogogo

Posted by inphyy > 2013-10-04 23:39 | Report Abuse

Blumont scraps S$146m coal mine purchase

Posted by inphyy > 2013-10-06 18:26 | Report Abuse

Date of Lifting of Suspension * 07-10-2013
Time of Resumption of Trading * 0900 hours

Posted by hobson64 > 2013-10-07 10:55 | Report Abuse

Designated!!!

Posted by Nallayak > 2013-10-07 20:18 | Report Abuse

datuk Azlan Hashim not so simple to yield lah, even Cimb boss got to call him Shi fu and he dared to defy Dr M,

Posted by Peter Chen > 2013-10-08 09:26 | Report Abuse

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge

李静霖有关连公司在新加坡跌停板

http://aseantradinglink.blogspot.com/2013/10/company-related-to-dian-lee-suspended.html

Posted by albertlaw > 2013-10-08 14:43 | Report Abuse

CorporateProfile.pdf
BGL_AlexPR.pdf
GroupAreasOfFocus.pdf
PaulInesBios.pdf
AlexBio1.pdf
Total size =1005K
(2048K size limit recommended)

When the designated was lifted sure cheong to a resaonable level..what I experienced in Jade(Cedar..now) worth taking the bet since Bluemountain is profitable since 2009,,recalled how citibank went below USD5 and AIG...can punt but be prepared to lose unlikley all the capital-in short better than casinos

Posted by ticktock > 2013-10-08 16:40 | Report Abuse

no hope.........

Posted by Nallayak > 2013-10-08 18:33 | Report Abuse

want hope go to albedo and rowsley both iskandar play survived the carnage can only get stronger

Posted by Nallayak > 2013-10-09 17:19 | Report Abuse

BT today quoted blumont not under SGX investigation so Sgx must be investigated why create low mkt, nvr mind lah tq to SGX for allow us to buy cheap cheap

Posted by Nallayak > 2013-10-10 12:44 | Report Abuse

buy below 13.5c

Posted by albertlaw > 2013-10-10 19:08 | Report Abuse

Singapore Exchange Ltd. (S68.SG) is investigating short-selling activity seen in the shares of Asiasons Capital Ltd. (5ET.SG) and Blumont Group Ltd. (A33.SG) that violate trading curbs placed on those stocks, the bourse said Thursday.

Asiasons and Blumont are among three stocks subjected by SGX to trading restrictions and added scrutiny since Monday after sharp plunges last week. The curbs included bans on short selling, margin trading and contra trading. "We will be investigating these cases and take the appropriate disciplinary actions as necessary," Kelvin Koh, SGX's head of market surveillance, said in an email response to queries from The Wall Street Journal. The short-selling activity in question took place on Monday, he said, without elaborating on the investigations. Asiasons and Blumont declined to comment.

In his Thursday comments, Mr. Koh said SGX would continue monitoring trading activity on the three stocks, and "lift the designation as soon as it is appropriate to do so."

The short-sale ban required that sellers of the three stocks already own the shares they wish to sell. In short selling, an investor borrows a security from a broker in order to sell it, hoping to buy it back later at a lower price to repay the broker, with the investor pocketing the price difference. Buyers of the three stocks, meanwhile, will have to pay cash immediately to settle the trades upon execution, rather than buying on margin, or using borrowed money. SGX's designated-securities framework also bars online trading and contra trading. In a contra trade, an investor offsets an earlier share purchase with an equivalent sale before the initial deal is settled; this allows an investor to book profits without committing any capital, as long as the selling price is higher than the purchase price.
Some action will be taken against those who shorted heavily must have prior insider info..CAD will act against especially the directors or related relatives...

Posted by Nallayak > 2013-10-10 20:20 | Report Abuse

Lift designation lah, unfair for shrholders on margin who kena forced sale under unsupervised short selling case. who now dare to buy SGX shr on margin, if kena designation play margin shareholder sure bankrupt

Posted by Nallayak > 2013-10-10 21:57 | Report Abuse

Dow up must get in early

Posted by albertlaw > 2013-10-11 23:06 | Report Abuse

crooks..more crooks and more cans of worms uncovered..

I just found out that even a recent ID appointed in July 2013, Yin Kum Choy, is clearly not going to independent and has a questionable history. Somehow SGX allowed his appointment and accepted the answer to this query:

“On 12th July 2004, upon the finding of the Inquiry Committee of the Public Accountants Oversight Committee that Yin Kum Choy is guilty of improper conduct in the discharge of his professional duty...the Public Accountants Oversight Committee ordered that Yin Kum Choy pays a penalty of $5,000/-...”

Yin was a director in Inno Pac and IPCO in the late 1990s and First Engineering, hence making him a member of the Soh Chee Wen clan. SGX should consider removing the word Independence or put a disclaimer somewhere if they keep allowing such appointments to pass through.

I wonder why the stocks of all these Soh Chee Wen related stocks are not under SGX radar much earlier.
Wow crooks after crooks..opening more cans of worms...


Look like the angmo going to head Bluemont is also a crook or useless guy,otherwise kenna sack..red flag also why management still has to force sell by banks...all pledged their co's shares to banks like what the S chip directors had done so previously..co may eventually fold up..what's your views

Rio Tinto is a bluechip co so when they sack him, he must be really " useless" . Shows that he is incapable as CEO. Though sacking took place 1 year ago, it is relevant to his character reference.
SouthGobi Resources fires CEO Molyneux



(Financial Post Published 12/9/2012)

Mining giant Rio Tinto Ltd. has terminated the chief executive of SouthGobi Resources Ltd., removing one of the only remaining links to the Robert Friedland era in its Mongolian business.
The move Wednesday to fire Alex Molyneux is part of Rio?s effort to improve strained relations with the Mongolian government and get SouthGobi?s idled mine re-started. It comes just a day after Mr. Friedland launched an initial public offering of Ivanplats Ltd., his first big move since resigning from Turquoise Hill Resources Ltd. (formerly Ivanhoe Mines).

Rio Tinto took control of Turquoise Hill in April in order to get its hands on the giant Oyu Tolgoi mine in Mongolia. It also ended up with some non-core assets. One of them is the majority stake in SouthGobi, which controls the Ovoot Tolgoi coal mine (also in Mongolia). And SouthGobi was turning into a major political headache for Rio Tinto.

Shortly before Rio got control of Turquoise Hill, Mr. Friedland cut a deal to sell its SouthGobi stake in to Aluminum Corp. of China Ltd. (Chalco).

This infuriated many Mongolians, who dislike their powerful Chinese neighbours and worry about falling under their thumb. The timing of the announcement was particularly bad because Mongolia was in the midst of an election cycle and political rhetoric was elevated.

AdvertisementThe Mongolian government quickly suspended SouthGobi?s licences on Ovoot Tolgoi, and the parliament passed a foreign investment law the main purpose of which appeared to be stopping this deal.
Mr. Molyneux, SouthGobi?s then-CEO, said last month that he thought the Chalco deal had virtually no chance of success.

?Without clear regulation on the foreign investment law or without a process through which such foreign investment proposals can be reviewed and considered, it?s almost impossible to see how Chalco can navigate its bid through the Mongolian government infrastructure,? he said on a conference call.

Apparently, Chalco agreed ? it dropped the bid a couple of weeks later.

It is understood that Rio Tinto was not pleased about Mr. Molyneux?s public comments, seeing them as detrimental to its relations with the government. It also wanted to bring someone into SouthGobi with mining experience who could manage a re-start of the mine.

As a former investment banker, Mr. Molyneux was not that person. He was replaced Wednesday with Rio Tinto veteran Ross Tromans.

Rio?s move also distances SouthGobi from the Friedland era. Mr. Molyneux was personally hired by Mr. Friedland to run the coal business, and is one of his longtime business associates. But SouthGobi is now controlled by Rio Tinto, and no one was surprised that Rio wants one of its own people running it.

shadowmoon ( Date: 11-Oct-2013 12:25) Posted:

Oh ya the ang mo is fishy also...

wanglausern ( Date: 11-Oct-2013 12:08) Posted:



I'll be blunt and straightforward!

This chow angmoh who was sacked from Rio Tinto is nothing, but a stooge to those crooks from up north.

Pls don't throw away anymore of your children's money

Posted by inphyy > 2013-10-12 01:05 | Report Abuse

Investor Saves Blumont After Being Crushed in SGX

Oct. 11 (Bloomberg) –-Blumont Chairman Designate Alexander Molyneux discusses why he will buy 135M Blumont shares after the stock after 3 crushing days of trading on the Singapore Stock Exchange. He speaks to John Dawson on Bloomberg Television’s “On The Move Asia.” (Source: Bloomberg)

http://www.bloomberg.com/video/investor-saves-blumont-after-being-crushed-in-sgx-iB4kvsoZQjK1ooW1fDsnVQ.html?cmpid=yhoo

Posted by Nallayak > 2013-10-12 17:02 | Report Abuse

he is tryg to turn blumont into the next bhp think he knows how to do itwith world wide connections to many rich miners leveraging on sgx global liquidity

Posted by Nallayak > 2013-10-12 17:03 | Report Abuse

a m likes liongold as well

Posted by albertlaw > 2013-10-12 22:48 | Report Abuse

Originally Posted by xfactor View Post
Hoosier/erebos

I believe that the second wave will kill punters who rushed in Tuesday and Wednesday when the stocks ie the infamous 3 rebounded. More joined in on Thursday morning, the second wave of the Tsumani hits the crowd busy picking what they consider as Gold and Diamonds. Friday was a debacle and the syndicates unloaded more and stocks really plunged

I expect more blood on the streets on Monday when those early birds who bought and Monday will take whatever profits available

The effect will be felt by the secondary, innocents or otherwise all new resources stocks like Mirech Energy, Rex, Magnus, IPCO, Ramba Innopac( a member of the infamous
3
Those who bought on Tue 8 Oct can start selling on Mon 14 Oct..and for Bluemon the rights shares coming back soon ..more downward pressure..

Be careful if the loans pledged by designated stocks were used to buy more such designated stocks previously..then the domino effect difficult for the 3 stocks to rise..u notice those who rush in to biuy in the morning by afternoon or 10a.m the stocks start to fall..effect of forced selling by the banks


RED FLAG:

Forced sales by bank on Thurs 10 Oct:

1) Former Executive Chairman Neo Kim Hock sold 2.922m shares @20c for $586,416

2) Present CEO James Hong Gee Ho sold 1.5m shares @19.82c for $297,300




edwinjup ( Date: 12-Oct-2013 08:19) Posted:

Thanks..hope sgx can actions faster....if sgx suspend this three counters...sgx ceo better provide a super good reasons or else pls resign

akchua ( Date: 12-Oct-2013 08:08) Posted:

Of course u are right. They deliberately stopped servicing the loan to trigger the force selling, so that they can keep reducing their share holding to the market.These buggers have planned so many ways to exit, very experience people.

Posted by Nallayak > 2013-10-13 18:50 | Report Abuse

the Edge named one KL Soh as the suspected master mind as some of his old associates that surfaces can be traced as his loyalist, but Datuk Soh dnt have that much money so most likely KL old money is in with him so now all abandoned ship

Posted by albertlaw > 2013-10-13 23:10 | Report Abuse

So sad for u bro Richman..take it as only $$$ lost but u still have your life to live on


Quote:
Originally Posted by maverick121 View Post
I see......really puzzled me,is SGX really so stupid?
As for those Directors selling at current levels,I think it's ok,unless they have start unloading at 2dollars,then someone has gotta do something.
Anyway,I have other counters to take care of,this one let it rot first.
Bluemont was 0.019-0.02 in Dec 2011 and Asiasons was 0.18-0.19..so the sharp crash is back to its old level again,becareful by Mon 14 Oct,those who bought cash upfront can start selling..probably morning up a biy by afternoon price will head south again especially forced selling by directors pledging to banks haven't stopped yetChairfallCop




Richman ( Date: 13-Oct-2013 20:23) Posted:



I love my bluechips and I am not parting with it at the moment.

I biggest mistake is greed. I went in at 1.60 and didn't take profit at 2.20 and everything happen so fast and I have no time to react.

Greed is the biggest killer !

edwinjup ( Date: 13-Oct-2013 17:00) Posted:

U are a blue chip investor..why switch ?


Peter_Pan ( Date: 13-Oct-2013 20:26) Posted:

retailers must trade with care not to carry big fishes' babies as can be seen from sgx announcement. brokerages may also be unwinding theirs and/or their clients' positions in these 3 companies.

Posted by Nallayak > 2013-10-14 12:50 | Report Abuse

One Soh can cause so miuch damage, unbelievable , the system is defective as without circuit breakers unlike KLSE

Posted by hewiester > 2013-10-14 16:07 | Report Abuse

does anyone knows what is the fair mkt value for BLumont stocks?

Posted by albertlaw > 2013-10-14 23:26 | Report Abuse

sanbecky wrote:
Anyone buying?
..Once in a lifetime..be prepared to lose but better than casino,,recalled how Citibank crashed to $5 and recovered to >$40..but of course Citibank is "world-class"Then we compared with a lousy stock..Jade..owned by Dr Soh..after being lifted from designated stock..it soared..should move up as demand is being artifically curbed

Posted by inphyy > 2013-10-15 11:31 | Report Abuse

Patience is the key.....when the sea calm, fishes return. (>‿◠)✌

Posted by ticktock > 2013-10-15 20:27 | Report Abuse

citibank is a bank...and too "big"to fail and US govt "rescued" them.....who will rescue "blumont?
Don't throw good money away........stay away.....::))

Posted by albertlaw > 2013-10-15 21:57 | Report Abuse

If co is still profitable esp with its new cash injections via rights issue and new CEO..unlikley Bluemont will be suspended or go bust...of course Bluemont is never like Citibank too big to fail or saved by govt fund...worth the punt

Posted by ticktock > 2013-10-16 15:24 | Report Abuse

would anyone still punt this counter?

Posted by inphyy > 2013-10-16 16:38 | Report Abuse

When the restriction remove,interest will return.

Posted by albertlaw > 2013-10-16 16:55 | Report Abuse

Originally Posted by maverick121 View Post
Just sharing,a group of " ppl" bot in liongold last week at 0.19, dunno the reason behind,but obviously they are losing big time now.professionals somemore,si bei funny....
..Today I long a bit on the 3 designated stocks..just for the punt/fun

Originally Posted by ezo View Post
will sgx boot them out??
just like dod shit got the boot from kr xchange?
..use your previous profits to punt Asiasions,Bluemont and LionGold at this level and prepare to lose all..then u won't feel the pain should theses companies got delisted or suspended but if lifted should go up...because now demand is curbed..I thought Bluemont is still profitable since 2009 and lionGold has remained > 80cts since Sept 2011 and Asiasons > 30cts since March 2012



starlene ( Date: 16-Oct-2013 15:03) Posted:

Anyone who bought > 15cts based on 1 for rights at $0.05 =$0.117 (0.15x2+0.05)/3.will lose $$$.Bluemont was about 30cts in Jan 2013,hence majority would have lost $$$ unless they took profits along the way..quite tempting to buy now

explosive2013 ( Date: 16-Oct-2013 11:03) Posted:



0.05 will be the lowest. those right issue holder will keep on selling. they still making profit as the right issue share price is super damn low.

i believe will drop to 0.05 by this friday. everyone standby cash to get ready to sapu all at 0.05 - 0.06

Posted by albertlaw > 2013-10-18 15:10 | Report Abuse

1Q14 revenue jumped 34.6% mainly attributed to revenue recognition from its Gold Mining Division which was absent in the corresponding qtr last year.Coupled with higher other income as a result of fair value gain on financial assets,Lion Gold turned the corner to report a net profit of S$2.6mil..from latest share investmentLaughingBounce

LionGold has FYE 31 March

Bluemont's 1H13 revenue rose 18.3% underpinned from higher contributions but earnings slumped due to a sharp drop in other net gains 1H13 $12.2mil verses 1H12 $28.5 mil.Bluemont has been profitable since 31 Dec 2009

Asiasion sunk into the red for 1H13 $1.554mil although Asiasions has remained profitable since 31 Dec 2009

edwinjup ( Date: 18-Oct-2013 10:57) Posted:

Past few days ..market flood with lots of bad rumours like cad or mas suspend or etc...with sgx chief confirmed lifting will be very soon...I think rumours is unfounded...

Posted by albertlaw > 2013-10-18 18:00 | Report Abuse

ingapore Exchange (SGX) will end the designation of Blumont Group Ltd,Asiasons,LionGold with effect from the start of trading on Monday, 21 October 2013, at 8.30am.

SGX will continue to monitor the trading of Blumont.

Shareholders and investors are advised to trade with caution.





1Q14 revenue jumped 34.6% mainly attributed to revenue recognition from its Gold Mining Division which was absent in the corresponding qtr last year.Coupled with higher other income as a result of fair value gain on financial assets,Lion Gold turned the corner to report a net profit of S$2.6mil..from latest share investment

LionGold has FYE 31 March

Bluemont's 1H13 revenue rose 18.3% underpinned from higher contributions but earnings slumped due to a sharp drop in other net gains 1H13 $12.2mil verses 1H12 $28.5 mil.Bluemont has been profitable since 31 Dec 2009

Asiasion sunk into the red for 1H13 $1.554mil although Asiasions has remained profitable since 31 Dec 2009

Posted by inphyy > 2013-10-18 19:58 | Report Abuse

Singapore Exchange To Lift Trading Curbs on Three Stocks

By Chun Han Wong

SINGAPORE--Singapore Exchange Ltd. (S68.SG) said Friday that it will lift bans on short selling and margin trading on three stocks that were recently put under stricter trading rules due to unusual share-price movements.

Trading curbs on Asiasons Capital Ltd. (5ET.SG), Blumont Group Ltd. (A33.SG) and LionGold Corp. (A78.SG) would be lifted Monday, as "trading in these stocks has since become more stable," SGX said in a statement.........

Posted by Nallayak > 2013-10-18 21:40 | Report Abuse

catch no culprit ?

Posted by albertlaw > 2013-10-18 22:23 | Report Abuse

The only objective achieved in this designated stocks is to curb interest in pennies stocks and remisiers' income affected

Posted by inphyy > 2013-10-18 22:50 | Report Abuse

Signal Update

Our system’s recommendation today is to BUY. The BULLISH THREE GAP DOWNS pattern finally received a confirmation because the prices crossed the confirmation level which was at 0.1170, and our valid average buying price stands now at 0.1200. The previous QUIT recommendation was issued on 7/10/2013, 11 days ago, when the stock price was 0.1300.

Market Outlook

The green light is on and this security is now screaming BUY. It is action time! The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. Do not miss this bullish opportunity.

Posted by Nallayak > 2013-10-20 17:49 | Report Abuse

blumont face selling from Clearwater who just want to cut links

Posted by ticktock > 2013-10-20 21:42 | Report Abuse

for those investors still searching for an answer and still waiting, perhaps this will give an insight to those who missed this article earlier on....
http://sg.finance.yahoo.com/news/blumont-group-ltd-did-outgoing-080000365.html

Posted by inphyy > 2013-10-20 22:58 | Report Abuse

human beings have short memory for history. Tomorrow trading at 9 or 8:30 start queuing, all jump in the pool hope to catch goldfishes.

Posted by domdom > 2013-10-21 10:34 | Report Abuse

http://www.theedgesingapore.com/the-daily-edge/business/45895-blumont-says-secured-248-mil-in-new-funds-from-us-investment-firm.html

Posted by inphyy > 2013-10-21 17:54 | Report Abuse

ENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 861,002,293 NEW
ORDINARY SHARES (THE “RIGHTS SHARES”) IN THE CAPITAL OF BLUMONT GROUP LTD.(THE “COMPANY”) AT AN ISSUE PRICE OF S$0.05 FOR EACH RIGHTS SHARE, ON THE BASIS OF ONE
(1) RIGHTS SHARE FOR EVERY TWO
(2) ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT THE BOOKS CLOSURE DATE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE “RIGHTS ISSUE”)

The 861,002,293 Rights Shares will be listed and quoted on the Official List of the SGX-ST on 22 October 2013, and trading of the Rights Shares will commence with effect from 9.00 a.m. on the same
date.

Posted by Vincent Than > 2013-10-21 19:41 | Report Abuse

If you dont mind me asking. What impact will this have on the share price tomorrow?? Will it impact the price Or the impact has already taken place during the announcement of issues of right shares??

Posted by Nallayak > 2013-10-21 20:13 | Report Abuse

take and dump lah

Posted by inphyy > 2013-10-22 09:13 | Report Abuse

Flood the market

Posted by ntbg3933 > 2013-10-22 09:21 | Report Abuse

hi :) Flood the market means buy?

Posted by inphyy > 2013-10-22 09:28 | Report Abuse

diluted share price

Posted by ntbg3933 > 2013-10-22 09:31 | Report Abuse

Sorry, a bit dumb here..

Means it will not be a good time to enter the market? :)

Posted by inphyy > 2013-10-22 09:57 | Report Abuse

Fundamental the company is good. Dont think will dip much lower as long BB interest. Believe market already absorb the Rights Issue matter. It only take long time to climb back 80cts. Can buy but suggest invest 50% of cash in case weak market sentiment.

Me settle Asiasons and LionGold first.

Posted by ntbg3933 > 2013-10-22 09:59 | Report Abuse

Thanks!

Posted by inphyy > 2013-10-22 10:31 | Report Abuse

This is a free market. Me seldom give advise but have to say this. These 3 stocks A,B and L still under watch by SGX.
Vaporize S$4 or 6 billion(forgotten) when prices fell from dollar to cents. Now desperate look for fund raising. Try anything funny again, they will go back to square one. That what I'm afraid of, and for that reason me limited $$$$$ invest in.