GEO Energy Resources

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#11
Don't read too much into Jim Rogers. He may be a good hedge fund manager but not necessarily a good business man.

Frankly everyone ages including his ex partner Soros. Personally I think the person that is well regarded even when he ages is Warren Buffet - cause he is a real builder of business - he is one that continues to reinvest the cashflow that is being generated in his businesses.

Imagine as one's base gets larger, the ability to keep growing will become more challenging. Moreover, Warren Buffet always take advantage of crisis to further grow their businesses.

Hedge fund managers on the other hand tend to thrive on fears (panicks). Hence I have more respect for long managers as opposed to short hedge fund managers.

Much has been said about coal and its outlook - refer to threads posted under economic news
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#12
(28-06-2013, 01:28 PM)Nick Wrote: http://info.sgx.com/webcoranncatth.nsf/V...8005012E0/$file/CAM_Form1_Final.pdf?openelement

Jim Rogers was granted a 2 million shares call option exercisable at $0.350 for 10 years.

(Not Vested)

Seem like the deal was structured very attractively. The downside risk is almost negligible with huge upside return. A 12 years time horizon before the option expires (since the option to exercise will only valid from 2015 onward) should provide a sufficient margin of safety for Geo Energy to succeed.

With no cost being locked in, Jim Rogers can simply wait till the game is in his favor. Even if he commits the S$700,000 option to exercise, the amount is negligible to his fortune and as a non-executive director, he is already drawing a salary of between S$0 to S$250,000 from Geo Energy. Blue sky scenario at a S$250,000 annual pay, the cost will have been covered after 3 years at Geo Energy.

There is a lot of execution risk for a new company like Geo Energy.
"Criticism is the fertilizer of learning." - Sir John Templeton
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#13
Jim Rogers takes initial stake in Geo Energy Resources. On Aug 22, Rogers acquired 1.7 million shares in the coal mining and trading company at 35.5 cents each. The acquisition was Rogers’ first direct investment in Geo Energy, bringing his direct interest in it to 0.15%.

Read more about the deal:
http://valuestocksinvesting.blogspot.sg/...n-geo.html

Retail investors probably could follow this great investor as Mohnish Pabrai has mentioned about cloning the gurus
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#14
What is the Exchange differences on translation (after Profit after tax)? How should this number be interpreted and how is its real impact on business? Thanks
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#15
Coal industry in a global slump... may be only when Jim Rogers privatise the co, then may be indicative of the potential bottoming of the industry...

http://infopub.sgx.com/FileOpen/1Q2014_P...eID=295212
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#16
Jim Rogers can't turn the coal tide at all... he is just there to get his fees...

http://www.businesstimes.com.sg/premium/...e-20140819

PUBLISHED AUGUST 19, 2014
Geo Energy wraps up US$55m acquisition of coal mine
Move will raise its coal reserve bank to more than 40 million tonnes
BYMALMINDERJIT SINGH
msingh@sph.com.sg @MalminderjitBT

Solid reserve: Mr Zhou (above) says that increasing Geo's coal reserve bank is akin to increasing land bank for property developers. - PHOTO: ARTHUR LEE
INDONESIAN coal-mining specialist Geo Energy Resources has completed its acquisition of a 66 per cent stake in Borneo International Resources (BIR) for US$55 million.
By acquiring BIR, which through its Indonesian subsidiaries owns the new concession (SDJ) in South Kalimantan, Singapore-listed Geo will increase its coal reserve bank from about 11 million tonnes to more than 40 million tonnes.
Geo already owns a 4,570-hectare coal mining concession - PT Bumi Enggang Khatulistiwa (BEK) - in East Kalimantan. The acquisition will expand its presence in the region.
The indirect acquisition of SDJ forms part of Geo's overall strategy to diversify and expand its range of production.
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#17
http://www.businesstimes.com.sg/premium/...s-20140901

PUBLISHED SEPTEMBER 01, 2014
Geo Energy shops for more coal mines
It sees good value in the market and has a long-term view of Indonesian coal
BYANDREA SOH
sandrea@sph.com.sg @AndreaSohBT

Mr Zhou: The group hopes to widen its product mix to reduce its dependence on a single country or market. - PHOTO: ARTHUR LEE
[SINGAPORE] With prices of thermal coal - and hence, the value of coal mines - at a five-year low, mainboard-listed Geo Energy Resources is on the prowl for potential acquisitions.
The low coal prices are not a concern for the coal mining group, its chief investment officer Mark Zhou said, because it takes a "long-term perspective" on coal in Indonesia.
He told The Business Times in an interview: "After two years of tapering of coal prices, we have seen non-genuine buyers being sieved out, and genuine sellers are in the market. You are getting good value."
This is why the group in late June established a S$300 million multi-currency medium-term note programme.
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