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The latest announcement is out from Geo Energy Resources Ltd. ( (SG:RE4) ).
Geo Energy Resources Ltd. has announced significant developments in its Integrated Infrastructure project through PT Marga Bara Jaya, with a Memorandum of Understanding signed with Resource Invest AG for an investment of US$50-US$100 million. Additionally, the company has entered into term sheets with two major Indonesian mining groups for long-term infrastructure usage agreements, potentially positioning Geo Energy as a key player in the region’s mining infrastructure sector.
More about Geo Energy Resources Ltd.
Geo Energy Resources Ltd. is a company involved in the mining industry, focusing on the development and management of integrated infrastructure projects. It operates primarily in Indonesia, where it collaborates with major mining groups to enhance its market presence.
YTD Price Performance: 5.08%
Average Trading Volume: 3,457,646
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$433.2M
For a thorough assessment of RE4 stock, go to TipRanks’ Stock Analysis page.