the zero gearing statement is rather misleading. reach owe mieh 650m with 180m bearing average 12% interest. next 4Q minimum work programme commitment (expenses) is 145m
disclaimer: i have position in reach warrant, feel not a wise investment
... The group is still settling its outstanding payment of US$44 million for the acquisition of Emir-Oil. It proposed a SHARE PLACEMENT to raise as much as RM180 million.