BlackGoldNatural    Last:0.003   -

2020 - POTENTIAL TO EXPORT MORE ORH KIM THIS YEAR

This was their plan probably. Report string of bad news. Suppress the price. Suspend and than delist. Offer the minority shareholders with a lowball offer. No choice but to take

 

GG liao....supended

 

Everytime they request for trading halt, they take the full three days to announce bad news. What is the point actually? Doesnt SGX query why they keep doing this?

 

Most likley...... about time. Probably the investor who wanted to pump money pull out.

 

non stop halting !!!! anytime suspended

 

This is an extremely dodgy company. Have not reported their financial results since Sept 2022. Subsidiaries don't communicate effectively with their managment. They terminate agreement with supplier only inform shareholders 3 months later. Default on payment. Till now haven't renew the mining license. Eveytime get queried they claim they are signing new agreement with suppliers. Still have not resumed their mining activities or fufiled their obligations and so no revenue coming in. Borrow money never pay back and recently sponsor also run away and by next month no more sponsor.

Still got private investor willing to pump in 2.25 mil as well as placement deals on the side.

Non stop string of bad news. Either they trying to suppress the share price to try and undercut the minority shareholders or they are the worse run company. It's amazing how SGX still allows such company to remain trading.

 

Few years back once of the dark horse crossing over 20 cents. Everyone cheering for it to move up higher but so disappointed ....now few hundred k also cannot pay back

TraderBen      ( Date: 08-Jun-2023 14:59) Posted: GG liao.. 300k loan also cannot repay..get out with 0.003 while u can

 

GG liao.. 300k loan also cannot repay..get out with 0.003 while u can

 

3 days , then no answer requested for supension

 

Is it normal for trading halt to be so long?

 

AGM and report till now keep postponing. Sponsor terminated themselves but before people can throw the share they called for trading halt. Mark of a terrible management. Major red flag. Should be invesitgated. 

 

Delist. GGWP

 

likely is found new sponsor.. this one uobkh backed unlikely will toh.. just like hoe leong.. UOB backed.. how it trades also still around

 

Halt !!!!! Maybe oil too expensive and only coal price still able to meet consumers need.

 

i sold at a 2k loss at 0.011..

Johnsnow      ( Date: 15-Mar-2023 07:54) Posted: Who still holding , I think a number of posters here

 

Cannot extend Liao , AGM n report. This stock becoming stone liao

 

Who still holding , I think a number of posters here

 

QUERY 1 Response to SGX Query 2: ?Under the terms of the Cooperation Agreement, PT GEL is responsible for a target production of between 50,000 and 100,000 metric tonnes of coal every month. Accordingly, PT SB shall be seeking legal advice in relation to any possible recourse against PT GEL for loss of revenue or other losses in accordance with the terms of the Cooperation Agreement.? Please quantify the loss of revenue and other losses arising from non-fulfilment of the target production of between 50K and 100K metric tonnes of coal every month pursuant to the terms of the Cooperation Agreement. COMPANY?S RESPONSE TO QUERY 1 The potential loss of revenue (after tax) arising from non-fulfilment of the target production between 50,000 and 100,000 metric tonnes of coal per month is approximately US$40,000 to US$80,000. QUERY 2 Response to SGX Query 4: ?Pending signing of a definitive agreement with a new cooperation partner, PT SB is currently not able to produce and/or deliver any coal to its customer(s).? a. Would this result in breach of PT SB?s contracts with its customers? Eg: the long-term offtake agreement with Indonesia?s state-owned company to supply 960k metric tonnes of coal per annual (the ?Offtake Agreement?). This offtake agreement is part of the Board?s basis on the Group?s ability to continue operating as a going concern. b. If so, would PT SB be liable to compensate customers for such breaches? Please quantify the compensation amount. c. Who are PT SB?s major customers? COMPANY?S RESPONSE TO QUERY 2 a. Pursuant to an amendment signed on 14 October 2022 to the offtake agreement (?Offtake Agreement?) between PT SB and PT Perusahaan Listrik Negara (Persero) (?PLN?), PT SB

 

Time to change the company name to Blackstone Natural, their problems quite bad

 

  so many times said got potential buyer but pian lang,,,,, The new sgx chairman must look into this seriously... and few other issues like shut down businesses ... tk you...