Golden Energy and Resources Ltd

SGX (SGD): Golden Energy (AUE)

Last Price

0.18

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0

Overview

Avg Volume (4 weeks)

4 Weeks Range

4 Weeks Price Volatility (%)

%

52 Weeks Range

52 Weeks Price Volatility (%)

%

Previous Close

0.18

Open

0.00

Bid

0.00 x 0

Ask

0.00 x 0

Day's Range

0.00 - 0.00

Trading Volume

0

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Company Profile

Sector: Mining and Quarrying

Sector: Mining and Quarrying

Description:

Golden Energy and Resources Limited is a Singapore-based energy and resources company. The Company is engaged in mining of metallurgical coal through its subsidiary Stanmore Resources Limited, which operates in Australia; mining of energy coal through its subsidiary PT Golden Energy Mines Tbk (GEMS), which operates in Indonesia; mining of gold through Ravenswood Gold Pty Ltd, which operates in Australia; and various investments in renewable energy projects in Asia. The Company operates through three segments. Energy coal segment includes exploration, mining, processing and marketing of energy coal from its coal mining concession areas and procuring sales orders from customers and sourcing for domestic suppliers. Metallurgical coal segment includes exploration, mining, processing and marketing of metallurgical coal from its coal mining concession areas. Non-coal Business segment includes forestry, investment holding company, gold mining and provision of management services.

Discussions
1 person likes this. Showing 4 of 4 comments

halim_mogren

Management could not complete the Stanmore acquisition as minorities would not sell. Ravenswood will not make as much money as they hoped and will not save them. They will loose $200 million in 2020 but still post positive credit rating on website. Dishonest.

2020-07-28 08:48

halim_mogren

When will management pay the staff and the contractors. When will I get paid?

2020-07-28 08:48

halim_mogren

Big losses from coal this year for Golden Energy. No cash and no more bank loans. They will loose $200 million in 2020 and have no money. Staff and contractors not being paid.

2020-07-28 08:48

halim_mogren

Cannot repay bank debt and cannot raise more money. Stock will drop on any volume.

2020-07-28 08:49

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