Very low volume and quiet here or the whole market. 10 more days to end of quarter closing and the management have to decide how much gold to report or like Korek King to decide how much gold to keep on the side.
At this price, Inno should be buying more, a lot more to show confidence. If really can mine lots of gold why not put in more money? Later can always sell it off at a higher price with the gold backing.
Inno should keep buying and buy more else it is not so good news. by now they should know what's the gold production for next quarter. 100kg, 200kg or 300kg? Wkat's so difficult to count. Just borrow a weighing machine from a vegetable seller will know the approx weight alrteady.
I am in line with what Moon said about the potential of Bahvest but the proof of it has to be in the pudding. Being a long term interest free FD holder of Bahvest I have experienced many disappointments with Korek King. He made me suspicious of his character when every quarter he seems to just korek enough to pay his bills and leave a penny or two as profits. Meanwhile he keeps buying more and more machineries for the mine and with all the machineries it is always just enough gold to pay expenses and giving all sort of excuses regarding production. I hope the new management can do better and not come out with new antics.
Moon, after reading what you wrote above I went to check up what is epithermal deposit. From what I learn it is vien of mineral deposits forced up to the surface from underground thermal forces short of spewing lava. After that I went to check on the location of Bukit Mantri on Google Earth and it clearly shows that they are digging from the mountain top and already gold is found. Can you imagine if the vien stretches from below ground to the mountain top and laden with mineral deposits. Well I guess doing a comprehensive geological mapping to see how vast and deep are the veins around that area is a right thing to do.
MarioBros, there are more people losing money than making money in Bursa. If you are all stressed out, you better watch out for your health. The money is not worth it. Many people have fallen ill ços of losing money. Anyway my costs is above 40 sen and i have hold it for more than 2 years. My main complaint is that it is not giving me any dividends for holding it making it worst than my FD.
So now we all have to pray for a miracle that by the next QR Bahvest is able to produce more than 300kg of gold or Gold price is above USD2100 or discover rare earths or diamonds next to the gold ore. :)))
The profit is just shuffling of papers. Luckily the company still can manage to stay afloat after Korek King had cleaned out the money and gold plus adding damages. I am just looking forward to their operations in the coming months which should be very positive based on their gold production in June.
Moon, u r right that Bahvest should do more than 200kg of gold per quarter. 200kg per quarter will be a good start for them to bring in some real positive cash so that they can buy more machineries to dig more or venture further. Also with the elimination of some dead woods and the return of RM6 million from Korek King will be added bonus.
Wow! QR is out early in the morning. Notably there is no gold production in April but in the shortened working month of June the management were able to produce 48kg of gold. Thats great. Thats also means it can easily produce 200kg of gold per quarter. Now I see real GOLD! Lets go.
QR should be out anytime. Whether there is gold or fool's gold insiders should know by now. If there is a lot of gold, insiders should be quietly buying like crazy and if it is fool's gold, should have off loaded the bulk of their holdings already. Show me the gold! Also many bystanders are looking too. If the gold is there I am sure players like Pohkong or Tomei would be interested to buy a small stake too. RM5-10 million to them is small change.
Wow! Nice closing. Anyway this Inno, Frederick and gang still have a lot more to buy. They have to hold at least 30% of the shareholdings to be consider as owner or boss else somebody can do the same number on to them as to what happened to Korek King.
Moonslayer, Thank you. In this case Korek King must be having sleepless nights and like the recent MB he might get a call at 3am. I think Joyvest should learn from you or go back to school to study law.