blumont response, page-30

It seems as if Blumont were raising capital to buy CKA- that might not be funded easily:

http://www.bloomberg.com/news/2013-10-04/sgx-suspends-blumont-liongold-asiasons-as-stocks-plunge.html

"Blumont, which invests in minerals and energy resources, tumbled 56 percent to 88 Singapore cents, the second-biggest decliner on the FTSE ST All-Share Index (FSTAS), before the trading suspension. The company said today it will issue new shares at S$2.02 to fund the acquisition of an unnamed coal company traded overseas for as much as S$145.9 million ($117 million)."
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Raising @ $2.02. Current share price is 88c.