blumont response, page-22

Also, maybe of interest is the following extra explanation to the SGX about Blumont's activities from October 2nd:

http://blumont.listedcompany.com/newsroom/20131002_182111_A33_6C557A68F2774D2E48257BF80037964C.1.pdf

If everything they say they will get into happens, they will be very busy indeed. It contains some interesting points:

from paragraph 1. As part of this new business direction, the Company has acquired or is in the process of acquiring assets in the mineral and energy resources sector since December 2012. Over the past five months, discussions
have been held with over 20 additional potential acquisition targets and joint venture partners, the
majority of which are listed entities governed by the listing rules of their respective securities stock
exchanges and investment laws in countries of operation. Some of these negotiations are in an advanced
stage, and the Company expects the imminent announcements of some of these deals.

and

3. International interest in Blumont’s securities
The Company believes that its recent activities could have attracted and contributed to the tremendous
interest in its securities across borders. In this respect, the Company has in recent months been
approached by global financial parties, including an international fund management firm, which has
expressed interest in investing in the Company by way of a private placement. Discussions are ongoing.

Lairy