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Blumont

Blumont

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Behappyalways Offline
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#181
26-10-2013, 04:07 PM
The retiree lost money because he was not investing but trading.......buying because he expects the next person to buy from him at a higher price regardless of the value of the object he is buying......
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Behappyalways Offline
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#182
13-11-2013, 04:22 PM (This post was last modified: 13-11-2013, 04:23 PM by Behappyalways.)
Be careful with this counter......NAV 3 cents

http://www.nracapital.com/Research/KevinBlog/757

not vested
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NTL Offline
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#183
13-11-2013, 04:40 PM
Elite KSB current NAV is 0.6c. Trading at 5.2c now... Furthermore, the company has no business, no prospect...
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CityFarmer Offline
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#184
03-12-2013, 09:19 AM
“屋漏偏逢连夜雨”

Blumont Group will have endless troubles, after the incident...

Blumont Group sued by Australian miner Prospect Resources

Blumont Group said it is being sued by Australian miner Prospect Resources regarding its decision to terminate a deal to acquire 325 million new shares in the company for A$3.9 million ($4.5 million).

In its explanation released on Oct 31, Blumont cited the failure of Prospect Resources to satisfy the group that the transaction documents to acquire the Bushtick and Penhalonga projects had been validly executed and that the conditions precedent in those transaction documents have all been satisfied or waived.
...
http://www.theedgesingapore.com/the-dail...urces.html
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jim_city Offline
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#185
03-12-2013, 11:05 AM
Hmmm... Anybody else thinks that it might be interesting to gamble on this? Place a small bet and hope it grows 10 times back to 1 dollar region?
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Dividend Warrior Offline
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#186
03-12-2013, 12:45 PM
(03-12-2013, 11:05 AM)jim_city Wrote: Hmmm... Anybody else thinks that it might be interesting to gamble on this? Place a small bet and hope it grows 10 times back to 1 dollar region?

The question is.....

"Is it worth the risk?"
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NTL Offline
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#187
03-12-2013, 02:04 PM
(03-12-2013, 11:05 AM)jim_city Wrote: Hmmm... Anybody else thinks that it might be interesting to gamble on this? Place a small bet and hope it grows 10 times back to 1 dollar region?

Maybe when it is 1c and hope it will grow back to 10c? Big Grin

Doubt I will bet on it even it just 1c...
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mulyc Offline
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#188
04-12-2013, 10:37 AM
wait for NAV 3c lor. by then maybe everyone rushing to sell to you.
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BestPrice Offline
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#189
06-12-2013, 03:40 PM
(04-12-2013, 10:37 AM)mulyc Wrote: wait for NAV 3c lor. by then maybe everyone rushing to sell to you.

Maybe a lot of people rushing to sell today after trading halt is lifted. Hit a new low of $0.056. Moving towards right share price $0.05 soon.
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potatolover Offline
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#190
07-12-2013, 09:33 PM
Better to give some margin of discount to the book NAV . Probably good to buy at 1.5 cents , 50% discount to NAV
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