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61-78 of 78
Buy when nobody keen
Going up up away
same as msc
expect huge profits for coming results
its commodity bull years
Going up up away
same as msc
expect huge profits for coming results
its commodity bull years
Creeping up quietly
buy when nobody seems interested
when next results announce, it will soar again
buy when nobody seems interested
when next results announce, it will soar again
Waiting for this one to fly for next result
Similar to MSC
Illiquid but lots of potential in the mining
Looks like it?s creeping up
Similar to MSC
Illiquid but lots of potential in the mining
Looks like it?s creeping up
Southern Alliance Mining
On March 17, Southern Alliance Mining CEO and executive director Pek Kok Sam acquired 65,000 shares of the Catalist-listed stock for a consideration of S$39,000.
At 60.0 cents per share, this took his direct interest in the company from 70.30 per cent to 70.32 per cent.
Mr Pek has over 18 years of experience in the mining and exploration of iron ore, tin and limestone industry, with early roots in limestone quarrying activities in Malaysia from 1993 to 2005.
He is responsible for the group' s business operations, including quality analysis and control, safety and environment, and site management aspects.
On March 13, the group reported H1FY21 (ended Jan 31) net profit of RM51.4 million (S$16.8 million), a 47.0 per cent increase from H1FY19.
The company noted that it expects iron ore prices to remain high, driven by the rising demand for steel from China, and supply disruptions from Brazil.
With the results, Mr Pek noted that the rising iron ore prices coupled with this rising demand and falling supply has enabled the group to expand its market reach considerably, and it will continue to focus on enhancing its exploration activities at its Chaah Mine.
The Chaah Mine is the group' s primary mining asset, an open mine pit consisting of two mining leases and covering an aggregate area of 225.7 hectares.
He added that with the Covid-19 pandemic still evolving, the group' s outlook remains cautiously optimistic.
The company debuted on the Catalist board on June 26, 2020 with an initial offer price of 25.0 cents.
https://links.sgx.com/1.0.0/corporate-announcements/MLTKO0J3K78TWRWO/9a08acfebf49a7a8221fdf4bc43b35871c499cb95c944e45893450742c36ea82
some areas already exceeded FY2020 performance on Q12021 alone
some areas already exceeded FY2020 performance on Q12021 alone
gxgx early hodlers... this illiquid gem was underpriced for damn long
Watch your front...
Gold price shot up and all other commodities. Iron ore prices too.
ipo pricing at ard PER 6.1xs. what' s the PER for mining stocks?
iron ore prices going tru the roof! unlike other ipos this one didnt smash down to buy.
Saw this too but just got sold down. likely can collect cheaper wor
ok noted. we pray for you..
johnng ( Date: 22-Jul-2020 14:28) Posted:
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I invest 100lot already on FRIDAY 27cents...TODAY add 50lot more 27cents...I put my bet in this FUTURE IRON ORE plays
ANYTIME chiong!!!
next week counter to huat!!!
TIME TO BREAKOUT!!!
anytime will BREAKOUT SOON!!!
Southern Alliance Mining
On June 26, Southern Alliance Mining, an established producer of high-grade iron ore products in Malaysia, listed on Catalist. The company is principally involved in the exploration, mining and processing of iron ore. It is currently operating the Chaah Mine in Johor, Malaysia, with the rights to carry out exploration and mining operations at three exploration assets in Johor.
Southern Alliance Mining received strong interest from investors and raised gross proceeds of S$19 million. The IPO was priced at approximately 6.13 times price-to-earnings based on the group' s audited profit before tax for its FY19 (ended July 31, 2019), which excludes a one-off tax credit in FY19.