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Golden Energy new
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wehuattogether88
Supreme |
30-Mar-2023 13:27
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Huge road tower at $1.00 of 1369 lots for golden.
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Catrade
Master |
28-Mar-2023 22:41
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This round SGX_RegCo is smarter n very  specifically issued a 12 points open letter to  Golden Energy  Board of Directors &     SAC Capital (GEAR IFA) on    24 February 2023.  https://links.sgx.com/FileOpen/Letter%20to%20Golden%20Energy%20and%20Resources%20Limited_24%20Feb%202023.ashx?App=Announcement& FileID=747734 With this open letter, GEAR Board of Directors & SAC Capital (IFA) can' t easily bullshit their way through with their report benefiting the Offerer. At least SGX RegCo is now trying their best to protect investors like us.
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ysh2006
Supreme |
28-Mar-2023 20:38
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IFA often like to give " The offer price is not fair but reasonable and acceptable" so urged shareholders accept the offer loh..
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Catrade
Master |
28-Mar-2023 18:02
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SAC Capital (GEAR IFA) has been sitting on it since 9Nov' 22(more then 4mths), SGX_RegCo shou!ld repremand them why takes so long to come out with a  Fair n Reasonable  Exit Offer that can withstand scrutiny. This is the first time in the history of SGX_RegCo to issue a company such statement:
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wehuattogether88
Supreme |
28-Mar-2023 17:32
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Still low ball after the recent revision, they might want to do a upward revision very very soon. SGX WILL WHACK IFA if they keep quiet and do nothing on do not counter propose a better exit offer pricing scheme.
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Catrade
Master |
28-Mar-2023 16:49
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Dian Swastatika (DSSA IJ)  shareholders will vote on the in-specie distribution of  Golden Energy Mines    and the exit offer of  Golden Energy & Resources (GER SP)  on the 2 May.  This requires a simple majority vote, and the Widjaja family-controlled PT Sinar Mas Tunggal holds 59.9% in DSSA. With Stanmore Resources share price continues to rise, now at Au$3.51, it makes the recent total cash Exit offer of 97.3c looks still cheap n lowball. For long term strategy, if  Widjaja family is determined to take GEAR private n focus on Metallugical coal n Gold mining, I believe another upward Exit Offer is coming bet now till 2May of DSS shareholders vote. With recent SGX RegCo n SIAS publicly getting tough on companies privatising with lowball offer, IFAs r " warned" to be fair n reasonable to investors.    |
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ysh2006
Supreme |
28-Mar-2023 13:44
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Wait and see loh...4-6 month's time...
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Catrade
Master |
28-Mar-2023 00:03
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Golden Energy (GER SP): DSS Vote on 2 May Appraiser Unconvincingly States that Offer Is FairThe DSS appraiser (unsurprisingly) opines that the Widjaja family offer is fair. However, the valuation is flawed. Our SoTP valuation is S$1.29 per share, suggesting another bump is required. Event-Driven
75 Views, 27 Mar 2023 16:03
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ysh2006
Supreme |
27-Mar-2023 14:20
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Over the weekend no IFA ann whether fair price or not Also last time the privatisation was to be delay 4 -6 ntgs to get completed .. | |||||
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FrancisLim
Master |
27-Mar-2023 13:33
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Why the share price fell below the revised Cash Offer price of 97.5 cents? Can share any info? |
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wehuattogether88
Supreme |
24-Mar-2023 14:00
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well, if they want the offer to happen, they will really put in 1001 percent and make it happen. But now some fund houses are thinking that the revised offer is still not good enough, so IFA better come out with a good reason for their delay in announcing their proposal and recommandations. 
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superstartup
Elite |
24-Mar-2023 13:36
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Then another Frasers Hospitality in the making?  
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FrancisLim
Master |
24-Mar-2023 13:31
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Look like it is hard to pull through the offer due to various regulatory approvals.   |
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Catrade
Master |
23-Mar-2023 17:16
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Now GEAR share price had closed ($1.01) above its total cash offer of 97.3c. Very likely a more fair n reasonable offer is coming....
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FrancisLim
Master |
23-Mar-2023 16:16
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They revised the offer on 18 March 2023 announcement.
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Catrade
Master |
23-Mar-2023 15:38
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Big cheer to all who believe in GEAR fair n truth value of (GEMS, Stanmore & unlisted Ravenswood Gold mine), it has hit $1.02. The curry favour advices from KGI & Philip securities n SAC Capital (GEAR IFA) only favour Widjaja Family, not being professional, fair n reasonable in their advice to the poor retail investors... Through the recent Boustead case,  SGX_RegCo now probably know that many of these IFAs who r engaged by the company to do Privatisation r not truthly independence in their final report. Believe that SGX is taking some tough action to help innocent retail investors n also improve the overall market capitalisaton in SGX. Maybe hope SGX_RegCo can blacklist some of these errant n unprofessional IFAs, so as to bring back invetors confidence to the SGX ... |
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Pikachaimai
Senior |
23-Mar-2023 12:17
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HUAT to the galaxy and beyond  ![]() |
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wehuattogether88
Supreme |
23-Mar-2023 12:04
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I think now SGX is really getting tough on Boustead and also on Golden on IFA outcomes.
IFA will really be pressured to come out with a Fair share price offer, on liao
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ysh2006
Supreme |
23-Mar-2023 11:56
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SGX will scold them IFA if they say not fair but acceptable ? Like Boustead Project. | |||||
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wehuattogether88
Supreme |
23-Mar-2023 11:51
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Golden revised cash offer should be above S$1.00 to reflect the better valuation, probably probably | |||||
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