Nowadays so many unpredictable disasters happen such as floods, earthquakes, hurricanes, disease outbreaks etc so the best thing to do is invest in gold and the worst is war 💥💥💥🩸🩸🩸
Further to the Company’s announcement on 6 March 2024, the Board of Directors of the Company is pleased to announce that Jayamas Mining Sdn Bhd (“JMSB”) and Spate Precious Metals Sdn Bhd had notified the Company today that the Jabatan Alam Sekitar Kelantan i.e. the Kelantan State Department of Environment had, vide its letter dated 18 April 2024, stated that they have no objection to the implementation of the environmental management plan submitted for the proposed operation of the heap leach and carbon-in-leach gold beneficiation plants.
The Company is currently pending the hard rock operation mining scheme (“OMS”) approval from the Kelantan State Department of Mineral and Geoscience. Barring any unforeseen circumstance, the Company target to commence commercial production by third quarter of 2024.
Over the past 6 months gold prices have gone up by 18%. How have the Bursa gold related companies performed?
The top chart shows the share price gain for the 4 Bursa companies with gold-related businesses. The bottom chart shows that maybe there is still some potential for gold price to go higher. https://i.postimg.cc/s2jg2mGx/Gold-vs-Bursa-gold-proxy.png You can see that except for Niche Capital Emas, the other 3 have outperformed gold and the KLCI. What does this mean for the investor?
• You can of course interpret that Niche Capital Emas and Poh Kong share price has yet to catch up.
• You can also conclude that when gold price goes up, the share price of these companies go up much higher.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Eagle77
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https://edition.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-11-24/index.html
The US and Middle East brace for a possible Iran attack that could escalate the conflict. Here's the latest