Resources Prima

More
9 years 3 weeks ago #22047 by Joes
Resources Prima was created by Joes
For RTO, the Purchase Consideration was reduced from S$400 million to S$265 million. The issue price for each Consideration Share was reduced from S$0.25 to S$0.20. Current price? Only 13.9 cents. Why like that?

Please Log in or Create an account to join the conversation.

More
9 years 3 weeks ago #22052 by min1xyz
Replied by min1xyz on topic Resources Prima
We attended a recent presentation by the CEO. Look out for our report!

Please Log in or Create an account to join the conversation.

More
9 years 2 weeks ago #22065 by min1xyz
The following user(s) said Thank You: Joes

Please Log in or Create an account to join the conversation.

More
9 years 2 weeks ago #22087 by Rich
Replied by Rich on topic Resources Prima

Joes wrote: For RTO, the Purchase Consideration was reduced from S$400 million to S$265 million. The issue price for each Consideration Share was reduced from S$0.25 to S$0.20. Current price? Only 13.9 cents. Why like that?


--The reason is, as far back as Sept 2012, the RTO consideration was set at S$400m. Back then, the price of coal was much higher than today. Coal prices will remain weak in the near term. Any hint of a sustained recovery in price will certainly have a direct impact on the stock price of Resources Prima (now 15.9 cents). There are other catalysts which are more near-term, including a profitable quarter (in the absence of one-offs) + the award of the 2nd permit for the remaining concession area.

Please Log in or Create an account to join the conversation.

More
9 years 1 week ago - 9 years 1 week ago #22107 by Joes
Replied by Joes on topic Resources Prima
How can this make sense? To short, someone borrows just 1,000 shares (market value about $135) and pays a minimum fee of $50 to the shareholder?

Last edit: 9 years 1 week ago by Joes.

Please Log in or Create an account to join the conversation.

More
8 years 11 months ago #22160 by Joes
Replied by Joes on topic Resources Prima
UOB Kay Hian is expecting Resources Prima to achieve US$16 m for the current FY which started on April 1.



In the more immediate time frame (ie by end-next month, June), Resources Prima share price (13.8 cents last week) could run up with the award of the 2nd permit for mining its concession.

Please Log in or Create an account to join the conversation.

Time to create page: 0.237 seconds
Powered by Kunena Forum
 

We have 1113 guests and no members online

rss_2 NextInsight - Latest News