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.

Posted by ntbg3933 > 2013-10-22 10:52 | Report Abuse

Thank you so much... is really very very helpful

Posted by Nallayak > 2013-10-22 18:21 | Report Abuse

usual lah risk averse investors took n dumped but may attract punters for its lower price compare with L and A

Posted by inphyy > 2013-10-22 19:04 | Report Abuse

PROPOSED ISSUE OF UP TO US$200 MILLION IN PRINCIPAL AMOUNT OF REDEEMABLE CONVERTIBLE BONDS TO PLATINUM PARTNERS VALUE ARBITRAGE FUND L.P.

1. INTRODUCTION

Further to the announcement by Blumont Group Ltd. (the “Company”) dated 18 October 2013(the “Announcement”) in relation to the proposed issue of up to US$200 million in principal amount of redeemable convertible bonds (the “Bonds”) to Platinum Partners Value Arbitrage Fund L.P. (“PPVAF”), the board of directors (the “Board”) of the Company wishes to announce the following additional information.

Terms defined in the Announcement shall have the same meanings when used herein unless the context requires otherwise.

2. ARRANGER FEE

As stated in paragraph 4 of the Announcement, the Company shall pay to the Arranger a fee equal to 5% of the aggregate proceeds received by the Company from the subscription of the Bonds.

The amount of fee payable to the Arranger was determined on an arm’s length basis, based on normal commercial terms. The Board understands that the amount of fee payable is within the range of fees paid by other mining and resources companies listed on the Toronto Stock Exchange and TSX Venture Exchange for fund-raising transactions during the period from 1 July 2012 to 30 June 2013. The fees paid in those transactions ranged between 4 - 24% of total funds raised. Toronto Stock Exchange and TSX Venture Exchange are a global leader in listing issuers in the resource sectors, including mining and oil and gas companies.

3. INTERESTS OF DIRECTORS AND SUBSTANTIAL SHAREHOLDERS

None of the Directors or substantial shareholders of the Company and their respective associates (other than in its capacity as a Shareholder) has any interest, direct or indirect, in the Bonds.

None of the Company, the Directors or substantial shareholders and their respective associates are related, directly or indirectly, to (i) PPVAF, (ii) the Arranger, and (ii) their respective directors, substantial shareholders and their respective associates.

BY ORDER OF THE BOARD
Blumont Group Ltd.

James Hong Gee Ho
Executive Director
22 October 2013

Posted by albertlaw > 2013-10-23 08:42 | Report Abuse

Correction
IN "Asiasons, Blumont and LionGold stocks soar" (BT, Oct 22), we erred in quoting a broker as saying that Blumont's rights issue was undersubscribed. The issue was oversubscribed by 37 per cent. We are sorry for the error.

Posted by Nallayak > 2013-10-23 09:02 | Report Abuse

undersubsribe underwriters will make lah

Posted by ticktock > 2013-10-23 09:18 | Report Abuse

BT--Blur liao?

Posted by kenlfo > 2013-10-23 14:19 | Report Abuse

0.20/0.205 is good price to grab?

Posted by inphyy > 2013-10-23 14:28 | Report Abuse

Strong Support at 0.2
The different between above and below 0.2 are 0.005 and 0.001

Posted by albertlaw > 2013-10-23 19:19 | Report Abuse

There is still forced selling by directors of Bluemont..also from new rights shares..20cts should hold as the new CEO will be buying 220-60cts minium at 20cts max at 60cts..so far last did not close below 20cts..thos ewho bought during designated period like myself at 11-15cts would have sold too..hope that 20cts would not break...

Liverpool77 ( Date: 23-Oct-2013 11:26) Posted:



Any idea it will hold above 0.20 level?

Posted by Nallayak > 2013-10-23 20:01 | Report Abuse

Asiasons better, shares more tightly held and unlikely to face forced huge selling pressure

Posted by alaxgray > 2013-10-23 20:53 |

Post removed.Why?

Posted by inphyy > 2013-10-24 09:18 | Report Abuse

0.2 level broke.... Too early to judge, wait until closing bell.

Posted by inphyy > 2013-10-24 17:07 | Report Abuse

Closing bell 0.2

Posted by ticktock > 2013-10-25 09:00 | Report Abuse

BROKE 0.20........not good....

Posted by Melaos > 2013-10-25 09:09 | Report Abuse

So what do other bros think about this counter? Is it still a buy?

Posted by Nallayak > 2013-10-25 10:08 | Report Abuse

MAS and SGX launch probe into 3 infamous counters again so looks like MAS not happy with SGX inability to find the culprit. 7 big boys margin the shares from Nasdaq broker on margin, legal team to try to collect margin losses

Posted by Nallayak > 2013-10-25 10:08 | Report Abuse

Asiasons should be ok

Posted by inphyy > 2013-10-25 10:08 | Report Abuse

Singapore Reviews Blumont, Asiasons, LionGold After Stock Slump

http://www.bloomberg.com/news/2013-10-25/singapore-reviews-blumont-asiasons-liongold-after-stock-slump.html?cmpid=yhoo

Posted by kenlfo > 2013-10-25 14:09 | Report Abuse

Why keep on dropping???

Posted by ticktock > 2013-10-25 14:27 | Report Abuse

wah this is bad........

Posted by kenlfo > 2013-10-25 14:28 | Report Abuse

0.157 now!

Posted by kenlfo > 2013-10-25 14:48 | Report Abuse

hope it will rebound to 0.18

Posted by ticktock > 2013-10-25 15:19 | Report Abuse

short covering shud come in before close........

Posted by ryei > 2013-10-25 16:56 | Report Abuse

HAHAHA...going to holland already..

Posted by inphyy > 2013-10-25 17:07 | Report Abuse

No problem...still can take the pain .As said on page 1 limited invest in these 3 A B L.

Vested only A and L

Posted by Nallayak > 2013-10-25 17:24 | Report Abuse

blumont most puzzling why insiders dnt take up rights and now SGX no clue but MAS want to know what the heck happen , jack shrs from Nasdaq lah that's all and foreign broker got hit why Kepo and blame yourself lah system not robust

Posted by alaxgray > 2013-10-25 17:31 |

Post removed.Why?

Posted by ticktock > 2013-10-26 09:25 | Report Abuse

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_DBE52CC44524E1F348257C0F00425C14/$file/20131025_SGX_corrects_misconceptions.pdf?openelement

Posted by Nallayak > 2013-10-26 18:01 | Report Abuse

SGX is correct but MAS not consulted b4 lifting designation, now MAS want to see the smoking gun even if market becomes disorderly. MAS cant be bothered if investors lost again they want their pound of flesh

Posted by kenlfo > 2013-10-28 09:26 | Report Abuse

0.128!!!

Posted by ticktock > 2013-10-28 09:35 | Report Abuse

going to horland liao!! small investors at receiving end again

Posted by ryei > 2013-10-28 09:50 | Report Abuse

haha.. i think it is going back to 0.10 level.

Posted by cooler8 > 2013-10-28 09:52 | Report Abuse

Hard for this counter to be back to it's "glorious days"..

Posted by kenlfo > 2013-10-28 10:10 | Report Abuse

as long as no bankrupt, there is a hope LOL...

Posted by kenlfo > 2013-10-28 10:16 | Report Abuse

some rebound.....

Posted by Nallayak > 2013-10-28 17:40 | Report Abuse

shortist field day

Posted by Nallayak > 2013-10-28 18:24 | Report Abuse

one Goh S K acquired more blumont shr maybe he knows something shortist don't know, seems related to old tat Lee group

Posted by albertlaw > 2013-10-29 11:42 | Report Abuse

x 0

Alert Admin

Sori for the repeat news but wonder why this Goh see in Bluemont?..by Nov 7 the CEO will be replaced by the angmo..doubt anything fishy as Bluemont is now on everyone's spot light



Blumont : On 23.10.13, one Goh Seh Kiat became a SSH of Blumont after purchasing 154,940,274 shares...on 25 Oct he bought another 40mil

samon_yy ( Date: 28-Oct-2013 17:39) Posted:

Goh Seh Kiat have acquired 7.5% percent of blumont shares, it is a good sign someone still interest in it.

Posted by alaxgray > 2013-10-29 18:05 |

Post removed.Why?

Posted by Nallayak > 2013-10-30 16:24 | Report Abuse

price keep getting lower like that 40c ang moh deal die a natural death

Posted by Nallayak > 2013-10-30 16:25 | Report Abuse

5c rights insiders also don't want very silly insiders

Posted by albertlaw > 2013-10-30 22:52 | Report Abuse

Edge mag week Oct 21-27 pg 38..showed Oct 7 Alexander Alan Molyneux throught married deal acquired 135mil Bluemont shares.On pg 6 the incoming chairman said," The exchange is taking valid action,but it's not starting any investigation into the company" He tells Edge mag," If there has been any funny trading going on,that has nothing to do with the company"

nngeeh ( Date: 30-Oct-2013 22:27) Posted:



I think it might be good to wait until Platinum Partners subscribed the convertable bond and Alexander Molyneux complete the acquisition of the share. In both arrangement, the minimum conversion price is $0.20. We should be able to use that price as reference.

Posted by alaxgray > 2013-10-31 11:40 |

Post removed.Why?

Posted by Nallayak > 2013-10-31 12:45 | Report Abuse

AAM ang Moh deal is no go as prices stayed below 20 c for too long

Posted by ticktock > 2013-10-31 12:49 | Report Abuse

What's next move for this AngMoh? is he still committed to this company? Mus find out more about the SSH GSK....anyone any idea.

Posted by Nallayak > 2013-10-31 12:55 | Report Abuse

ang Moh will say investigation on so adios. GSK becomes lifelong shareholders lah

Posted by Nallayak > 2013-10-31 13:58 | Report Abuse

Mkt price 12 c why should ang Moh pays 20 to 40 c unless he's gone mad

Posted by kenlfo > 2013-10-31 14:09 | Report Abuse

he said eventhough at 40 c, it is still undervalue. I think he just wanted to show his confident level on this stock to public?

Posted by Nallayak > 2013-10-31 15:53 | Report Abuse

well he's out of tune with the mkt and if he use old money is Ok. If he use margin he's bust