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No action....might be due to they have already clear out their mining assets as they claimed. Sighed!
lglg666 ( Date: 27-Oct-2016 17:23) Posted:
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go and short Ezra, better profit
Macqueen ( Date: 28-Oct-2016 10:12) Posted:
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A small retail got trap at 3cent waiting for almost 2 yr plus le am still waiting
lovetoshare ( Date: 28-Oct-2016 10:05) Posted:
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Err... Are you playing in million of dollars or just a small time retail trader?
This is just a penny less than $400. Hahaha.
Macqueen ( Date: 27-Oct-2016 22:40) Posted:
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let see whether the pattern can be like isr from 0.006cts bto 0.30ct.. buy small small will do..
sh0rthere ( Date: 27-Oct-2016 22:54) Posted:
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Long wait is better than nothing. Put money and punt to gain 2-10 times or lose all. Swee
Macqueen ( Date: 27-Oct-2016 22:40) Posted:
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Not to throw cold water think will be a real Long wait I maybe wrongb
lovetoshare ( Date: 27-Oct-2016 22:38) Posted:
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agree... this bugger is King of penny world.
Shifu8888 ( Date: 27-Oct-2016 15:26) Posted:
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Just looking through blumont transaction history... a couple days back, someone bought up 31m shares in 1 single trade at 0.004. Very unlikely to be short covering. Has to be an institution since value of trade is about $125k. And today so nice they announce the piece of news about kidman. Insider trading in broad daylight...World class exchange...
I cut paste only. Look at SGX announcement 12 Oct 2016 on extraordinary / special general meeting.
BBbull ( Date: 27-Oct-2016 20:52) Posted:
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If what you wrote is true then announcement about the lithium mining has no bearing in anyway to Blumont since they already out of the business. Very sayang hor. 😳
cupdub ( Date: 27-Oct-2016 19:42) Posted:
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Guess from his post below, he expects this to rise soon
cupdub ( Date: 27-Oct-2016 19:42) Posted:
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How did you calculate the 15m shares blumont will hold in elysium? I thought they had disposed all in 2015 as per the table
jlim777 ( Date: 27-Oct-2016 20:37) Posted:
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The Collateral Shares that the Company has provided to Wintercrest and to be disposed of in part settlement of the Outstanding Amount as at 31 December 2015 are set out in the table below for easy reference:
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S/No
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Name of
Collateral
Shares
|
No. of Collateral
Shares provided
as security as at
31 December
2015
|
No. of Collateral
Shares disposed
of in satisfaction
of debt as at
31 December
2015
|
Balance as at
31 December
2015
|
|---|---|---|---|---|
| 1. | Cokal Shares | 60,057,034 | 60,057,034 | Nil |
| 2. | Azarga Shares | 18,053,810 | 18,053,810 | Nil |
| 3. | Genesis Shares | 33,002,561 | 33,002,561 | Nil |
| 4. | Kidman Shares | 11,300,000 | 11,300,000 | Nil |
| 5. | Merlin Shares |
27,538,461
|
27,538,461
|
Nil |
| 6. | Elysium Shares | 100,000,000 | 100,000,000 | Nil |
| 7. | Celcius Shares | 404,424,253 | 404,424,253 | Nil |
Upon disposal of the shares set forth in the table above, the Company will not own any asset considered to be a mineral oil and gas asset. Notwithstanding these shares that the Company owns, the Group does not own any direct interest in tenements and its shareholding of these shares are non-controlling stakes in the various investee companies. The shares also do not directly contribute to the Group&rsquo s operating revenue and operating expenses. Assuming the Proposed Disposals was completed on 30 June 2016, the Group will hold 15,000,000 shares (or 3,100,000 shares, post share consolidation by Elysium Resources Limited as at the Latest Practicable Date) in Elysium Resources Limited, amounting to only 0.1% of the total asset of the Group, calculated as at 30 June 2016
BBbull ( Date: 27-Oct-2016 19:29) Posted:
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Blumont did say the deal involved transferring of all shares in the various mineral companies they owe, as they were put up for collateral, they are getting out of this sector.
And the debt owed to winter crest seems to far outweigh their stakes in these companies...
Shifu8888 any views?
And the debt owed to winter crest seems to far outweigh their stakes in these companies...
Shifu8888 any views?
Not all shares of kdr may be transferred to wintercrest, hence some kdr shares may be with blumont shareholders. And since this new development, as you said, blumont shareholders may vote against repayment if amount recovered from kdr is sufficient to repay wintercrest.
cupdub ( Date: 27-Oct-2016 19:17) Posted:
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Yea but I'm saying if kdr shares are to be transferred to winter crest for debt repayment, wintercrest may own 80+ % of blumont but blumont minor shareholders do not own any of wintercrest, hence, why would this development be of any benefit for minor shareholders?
Unless shareholders intend to vote against the repayment at the upcoming egm?
Unless shareholders intend to vote against the repayment at the upcoming egm?
BBbull ( Date: 27-Oct-2016 19:08) Posted:
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Yes it will make a difference, since blumont has a stake in KDR. Moreover, as stated in the article, uncovering lithium/gold etc from the region may be worth billions.
Take isr capital for example. The landsite in madagascar found is valued at over a billion, all they have to do now is uncover and unlock value. Thinking is the same for blumont. May not be in billions but millions at least imo. Feel it is worth the risk at this price, if they manage to uncover something precious, price has ability to rocket like isr capital. Just fyi, isr capital is asiasons (changed name a couple of years back). Doesn't mean that cause of the penny crash, those few stocks are worthless. There is potential.
Again, buy only if you think it's worth the risk, I am not trying to convince you to buy. I am vested myself.
Would KDR developments matter at all?? pending shareholder approval, all these assets will go to Wintercrest?
realised that upon approval, wintercrest essentuially makes 250% if this stock trades at 0.003?
would shareholders approve?
anyone has insights on this deal?
This is excellent news in my opinion. I do think blumont has serious potential to run up like other pennies soon. Not trying to influence anyone but a really good bet to collect below 0.005. Chance to double or maybe run up like ISR capital after their recent explorations. Just maybe :)
Kidman Resources to deliver maiden lithium estimate for Mt Holland
Share
08:30 27 Oct 2016
Kidman Resources Ltd (ASX:KDR) has completed resource drilling at the Earl Grey lithium-bearing pegmatite within its Mt Holland project in Western Australia.
Kidman Resources Ltd to deliver maiden lithium estimate for Mt Holland
The company is on track to publish a maiden JORC resource estimate in December.
Kidman&rsquo s recent drilling has extended the known lateral extent of the Earl Grey deposit from 1,100 metres to 1,400 metres, with a strike length of 750 metres.
The estimated average true width of the deposit is 70-80 metres and remains open to the north, south and east.
Further assays from the Earl Grey resource drilling program will be released to the market shortly.
In parallel with the resource estimate, Kidman is progressing the environmental, metallurgical and mining studies at Mt Holland.
The company is also preparing to start drilling the extensive Prince of Wales pegmatite, located 4 kilometres from Earl Grey.
This pegmatite, which sits on the same geological structure as Earl Grey, has been outlined by historical drilling over an area measuring 2.2 kilometres by 3 kilometres.
However, this drilling was part of a gold exploration program and therefore no lithium assays were conducted.
Kidman&rsquo s share price has increased by 513% during the past six months, last trading at $0.57.