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fruitfulness Senior	16-Jul-2023 15:06        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	Actually, investors who had bought and accumulated between 2 and 5 years ago all made away with tidy sums of 200% and 700% gains. GEAR delisted near its all time high, although we know it is worth much more (like closer to $1.40 or $1.50 per share) based on SOTP valuations.  Those who did late stage speculation and buy the shares above 97.3 cts per share hoping for another round of exit offer adjustment are the ones who lose monies.  I am thankful for the gains made, despite the low-ball offer  (Not that bad as compared to the palm oil stock for example)
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moonsun Senior	16-Jul-2023 13:51        moonsun About Contact  Quote this Post!
x 0   x 0  Alert Admin	One by one up lorry.. most shareholders burn 🔥 except big boss.. tis worst than casino.. at least you stand some chance of odds.. sgx seems happy.. we better head for exit.. there is no rule of law here imho..
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TA_Expert Supreme	16-Jul-2023 00:37        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Most of the minority shareholders have accepted the offer despite being a low offer. This is Singapore. Welcome to SGX.
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ysh2006 Supreme	15-Jul-2023 14:41        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very simple if want money cash than do nothing they will bank it to your account ...if want Indonesia share than need to complete the attached form and give back them.Share will be traded in Indonesia market ... Cherylyan81      ( Date: 15-Jul-2023 11:30) Posted: hi all ,  please advise how do we accept the offer ?
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Cherylyan81 Member	15-Jul-2023 11:30        Cherylyan81 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi all ,  please advise how do we accept the offer ?
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Catrade Master	12-Jul-2023 18:34        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, this GEAR chapter is over, another coal stock, Geo Energy is worth looking at. Presently Geo is trading near to its Net cash value of 22c/pc, NTA 40c n almost zero debt. Furthermore the management continues to give quarterly dividend. Can expect abt 1c dividend in August. Is a very safe stock to invest though thermal coal is a sunset commodity but is still the cheapest energy source in this transition phase into green energy.  Maybe Geo majority stake holder would follow Golden to do a low-ball takeover ..... perhaps with an offer of 32-35c ! fruitfulness      ( Date: 12-Jul-2023 10:38) Posted: Just submitted acceptance online via SGX portal and DBS digibot service. We can be thankful we made good gains in this relatively difficult market conditions. My GEAR share price average is also 30+ cts. And thanks to you, I bought a few hundred lots in the high 70s and low 80s, thereby making additional $$$$$. I truly hope better measures will be in place soon to better protect retail investors from such low-ball takeover and delisting exploitations!  At least GEAR is somewhat better than other low-ballers, having made one round of exit offer adjustment.  Anyway, this episode is over and now must turn to the other coal stock, Geo Energy Resources, to see if any low-ball offer will pan out ... Catrade      ( Date: 12-Jul-2023 00:23) Posted: Yeah, its game over for Golden Energy! It?s sad that an obvious low-ball offer can garner more than 90% acceptance from SGX GEAR investors. Perhaps, SGX_RegCo should further review its Takeover & Delisting criteria & rules. My main consolation is that my cost for GEAR is very low avg abt 30c or 324% profit over 2-3yrs of investment. Thus I should be thankful 😍
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fruitfulness Senior	12-Jul-2023 11:47        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	It seems offeror will payout within 7 days after they receive confirmation of acceptance.  " The Exit Offer therefore remains an opportunity for Shareholders to accept the Exit Offer in respect of their Offer Shares and receive the Revised Exit Offer Price as soon as practicable within seven (7) Business Days after the Offeror&rsquo s receiptof such valid acceptances of the Exit Offer, instead of waiting until the Offeror exercises its rightof Compulsory Acquisition which will delay payment of the Revised Exit Offer Price by theOfferor to such Shareholders." are the statements issued in addressing potential dissenting shareholders. For those investors using CPF or SRS, they will have to wait until Aug.  Most likely, the CPF or SRS agents will wait till Aug to send collective acceptance figures to the offeror. Anyway, payout of cash, $0.792 cts per share, for GEMS distribution-in-specie will be about 21 Aug (if I did remember correctly) and disbursement of exit offer, $0.181 cts per share, should be no later than 23 Aug (16 Aug + 7 days)???   ysh2006      ( Date: 12-Jul-2023 11:14) Posted: Any idea if one submitted when money come in ? ysh2006      ( Date: 12-Jul-2023 01:51) Posted: Like this if submit the acceptance form do I need to receive cash one month or 7 days later
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ysh2006 Supreme	12-Jul-2023 11:14        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea if one submitted when money come in ? ysh2006      ( Date: 12-Jul-2023 01:51) Posted: Like this if submit the acceptance form do I need to receive cash one month or 7 days later ? Catrade      ( Date: 12-Jul-2023 00:23) Posted: Yeah, its game over for Golden Energy! It?s sad that an obvious low-ball offer can garner more than 90% acceptance from SGX GEAR investors. Perhaps, SGX_RegCo should further review its Takeover & Delisting criteria & rules. My main consolation is that my cost for GEAR is very low avg abt 30c or 324% profit over 2-3yrs of investment. Thus I should be thankful 😍
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fruitfulness Senior	12-Jul-2023 10:38        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	Just submitted acceptance online via SGX portal and DBS digibot service. We can be thankful we made good gains in this relatively difficult market conditions. My GEAR share price average is also 30+ cts. And thanks to you, I bought a few hundred lots in the high 70s and low 80s, thereby making additional $$$$$. I truly hope better measures will be in place soon to better protect retail investors from such low-ball takeover and delisting exploitations!  At least GEAR is somewhat better than other low-ballers, having made one round of exit offer adjustment.  Anyway, this episode is over and now must turn to the other coal stock, Geo Energy Resources, to see if any low-ball offer will pan out ... Catrade      ( Date: 12-Jul-2023 00:23) Posted: Yeah, its game over for Golden Energy! It?s sad that an obvious low-ball offer can garner more than 90% acceptance from SGX GEAR investors. Perhaps, SGX_RegCo should further review its Takeover & Delisting criteria & rules. My main consolation is that my cost for GEAR is very low avg abt 30c or 324% profit over 2-3yrs of investment. Thus I should be thankful 😍 fruitfulness      ( Date: 11-Jul-2023 21:39) Posted: It' s game over following the company announcement this evening! The Offeror has received valid acceptances of the Exit Offer in respect of an aggregate of 427,432,780 Shares, representing approximately 16.20% of the total number of issued Shares. Together with the 77.49% orginally held by the Offeror Concert Group, a total of 93.69% has agreed to or accepted the exit offer.  So we should just submit the forms to accept the revised exit offer of 18.1 cts per share
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ysh2006 Supreme	12-Jul-2023 01:51        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like this if submit the acceptance form do I need to receive cash one month or 7 days later ? Catrade      ( Date: 12-Jul-2023 00:23) Posted: Yeah, its game over for Golden Energy! It?s sad that an obvious low-ball offer can garner more than 90% acceptance from SGX GEAR investors. Perhaps, SGX_RegCo should further review its Takeover & Delisting criteria & rules. My main consolation is that my cost for GEAR is very low avg abt 30c or 324% profit over 2-3yrs of investment. Thus I should be thankful 😍 fruitfulness      ( Date: 11-Jul-2023 21:39) Posted: It' s game over following the company announcement this evening! The Offeror has received valid acceptances of the Exit Offer in respect of an aggregate of 427,432,780 Shares, representing approximately 16.20% of the total number of issued Shares. Together with the 77.49% orginally held by the Offeror Concert Group, a total of 93.69% has agreed to or accepted the exit offer.  So we should just submit the forms to accept the revised exit offer of 18.1 cts per share
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Catrade Master	12-Jul-2023 00:23        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah, its game over for Golden Energy! It?s sad that an obvious low-ball offer can garner more than 90% acceptance from SGX GEAR investors. Perhaps, SGX_RegCo should further review its Takeover & Delisting criteria & rules. My main consolation is that my cost for GEAR is very low avg abt 30c or 324% profit over 2-3yrs of investment. Thus I should be thankful 😍 fruitfulness      ( Date: 11-Jul-2023 21:39) Posted: It' s game over following the company announcement this evening! The Offeror has received valid acceptances of the Exit Offer in respect of an aggregate of 427,432,780 Shares, representing approximately 16.20% of the total number of issued Shares. Together with the 77.49% orginally held by the Offeror Concert Group, a total of 93.69% has agreed to or accepted the exit offer.  So we should just submit the forms to accept the revised exit offer of 18.1 cts per share! Catrade      ( Date: 03-Jul-2023 13:41) Posted: Yes Fruitfulness, at this juncture there is nothing to lose for not accepting this " low ball" Exit offer of 18.1c. If Widjaja happens to get 90% or more Golden shares, he  would be entitled to exercise the right to compulsorily acquire all the Shares. I hope this level would not be reached becoz the 18.1c is too cheap for Golden' s Australia assets (64% Stanmore & 50% Ravenswood Gold mine).
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fruitfulness Senior	11-Jul-2023 21:39        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	It' s game over following the company announcement this evening! The Offeror has received valid acceptances of the Exit Offer in respect of an aggregate of 427,432,780 Shares, representing approximately 16.20% of the total number of issued Shares. Together with the 77.49% orginally held by the Offeror Concert Group, a total of 93.69% has agreed to or accepted the exit offer.  So we should just submit the forms to accept the revised exit offer of 18.1 cts per share! Catrade      ( Date: 03-Jul-2023 13:41) Posted: Yes Fruitfulness, at this juncture there is nothing to lose for not accepting this " low ball" Exit offer of 18.1c. If Widjaja happens to get 90% or more Golden shares, he  would be entitled to exercise the right to compulsorily acquire all the Shares. I hope this level would not be reached becoz the 18.1c is too cheap for Golden' s Australia assets (64% Stanmore & 50% Ravenswood Gold mine).
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zhaozhao Member	04-Jul-2023 09:51        zhaozhao About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why did the price fall from 0.973 to 0.181, Can' t understand SGX passing their application? 1.394 Dividends would pay to us or not, no date of dividend payment
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ysh2006 Supreme	04-Jul-2023 05:40        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They announced offer doc will be sent out since Sgx passed their application...
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Catrade Master	03-Jul-2023 13:41        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes Fruitfulness, at this juncture there is nothing to lose for not accepting this " low ball" Exit offer of 18.1c. If Widjaja happens to get 90% or more Golden shares, he  would be entitled to exercise the right to compulsorily acquire all the Shares. I hope this level would not be reached becoz the 18.1c is too cheap for Golden' s Australia assets (64% Stanmore & 50% Ravenswood Gold mine).
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fruitfulness Senior	02-Jul-2023 15:13        fruitfulness About Contact  Quote this Post!   Yells: "May the Lord God establish the works of my hands!"
x 0   x 0  Alert Admin	The Widjajas owned 77% thereabout. Of the remaining 23% in public hands, they just need 13% to opt for cash.  Probability of them gaining a total of 90% or more, seems rather high. Nevertheless, we just try. Nothing to lose except some days of delay in receiving our cash! ysh2006      ( Date: 02-Jul-2023 10:06) Posted: For me think take shares and wait for good opportunity!
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ysh2006 Supreme	02-Jul-2023 10:06        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For me think take shares and wait for good opportunity!
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ysh2006 Supreme	01-Jul-2023 15:31        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If don't take up take what ? Indonesia shares ? Catrade      ( Date: 30-Jun-2023 13:15) Posted: I think it also depends on whether 90% n above GEAR shareholders take up the Exit offer of 18.1c. sweet639      ( Date: 30-Jun-2023 12:59) Posted: my remisier told me, the XE price is around 0.21, so I ask the price of 0.181 can buy, he says can not, cos this counter will be delisted soon. Anyone can give comments or check with your remisier. thanks
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Catrade Master	30-Jun-2023 13:15        Catrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it also depends on whether 90% n above GEAR shareholders take up the Exit offer of 18.1c. sweet639      ( Date: 30-Jun-2023 12:59) Posted: my remisier told me, the XE price is around 0.21, so I ask the price of 0.181 can buy, he says can not, cos this counter will be delisted soon. Anyone can give comments or check with your remisier. thanks   Catrade      ( Date: 30-Jun-2023 11:01) Posted: Its Ex-Entitlement of distribution of 1.3936 GEMS Shares per GEAR share or Cash(79.2c) per GEAR share
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sweet639 Senior	30-Jun-2023 12:59        sweet639 About Contact  Quote this Post!
x 0   x 0  Alert Admin	my remisier told me, the XE price is around 0.21, so I ask the price of 0.181 can buy, he says can not, cos this counter will be delisted soon. Anyone can give comments or check with your remisier. thanks   Catrade      ( Date: 30-Jun-2023 11:01) Posted: Its Ex-Entitlement of distribution of 1.3936 GEMS Shares per GEAR share or Cash(79.2c) per GEAR share. yau123      ( Date: 30-Jun-2023 10:39) Posted: Hi, Please advise what is the stoty? Why drop so much?
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