This forum isn't very useful. It's just people arguing about getting the best price, trying to guess the market's peak and bottom.

you need to see the bigger picture, envisioning the potential direction of the stock. It's all part of a well-thought-out strategy. Abg Izzarim didn't acquire this stock for fun.

He's aiming for specific goals, much like Abg Jo's objectives:

1. Achieve a turnaround, ensuring no more quarterly losses.
2. Introduce new business ventures.
3. Set a market cap goal of 1 Billion.
4. Attract institutional investors to participate.

These developments take time and won't happen overnight.

MINETEC is set to be a standout stock in 2024, just watch.
When you notice a company undergoing a transformation that could escalate its earnings from millions to billions, that's your cue to get involved.

Currently, MINETEC has a market cap of 300M.
As soon as projects worth billions of ringgit start rolling in, your topline could soar to hundreds of millions, potentially pushing the market cap beyond 1 Billion.

Next week, MINETEC will hit 20 sen. Remember, you heard it here first.

If you misplaced your ticket yesterday, please head to gate 17 sen. There aren't many tickets remaining. The train is set to depart shortly.

The train is departing at 17 sen. Make sure your seatbelt is securely fastened.

Anyone make investment decisions solely on quarterly results is a beginner.
Investing in stocks is about anticipating the future.

The path is open at 17 sen, ready to surpass it at any moment. Anticipate the arrival of buyers with significant volumes today.

Quarterly results are now considered outdated. Current investors in MINETEC are not focused on previous earnings reports.

They're looking forward, thinking about the future.

Today's closing price will be at least 17 sen, just watch. It won't drop below 10 sen anymore.
If it hits 10 sen, it's already beneath Abang Izzarim's buying price.
He wouldn't let others purchase at a lower rate than his.

The path is now open at 17 sen. The large sell queue at 17 sen has disappeared.
Yesterday's movement was merely a strategy to accumulate shares at lower prices of 165 sen and 16 sen.

Cheer on, Minetec! Rise and shine!
Hold firm and don't let anyone offload their shares only to repurchase at a lower rate.
Let the engines ignite today!

Go Go MINETEC

Let's see if the market is kind enough to allow Eagle to buy back in at a lower price after selling his shares yesterday.

If it happens, lucky Eagle. If not, please avoid spreading negativity in this forum. haha
just kidding, write whatever u want. this is open forum

My observation so far:

The large number of shares bought at 0.17 (45mil done) and few sold at 0.165 (5 mil done) indicates the price might go up if buyers keep buying and sellers are not eager to sell for less.

Haha, in reality, most people don't really care if there's an operator behind the scenes or not. What they really care about is seeing the share price go up. That's their main concern.

If an operator boosts the share price, everyone's suddenly thrilled and praises the operator's skills. But if the operator dumps the shares, suddenly everyone's quick to label the stock as manipulated and scammy. Haha, funny how that works!

Here are 3 classic strategies that stock operators often use:

Creating Fake Sell: Manipulators place large sell orders. This gives the impression that many people are trying to sell the stock.

When retailers see these big sell orders, they might panic and start selling their shares at lower prices, thinking the stock will keep dropping.

Once enough people have sold and the price drops, manipulators cancel their big sell orders. This move can cause the price to bounce back up or stabilize, as the fake sell pressure disappears.

Where to run? Haha Sell at 16.5 cents or 16 cents?

So far, 45 million shares have changed hands at 17 cents.

Someone has been purchasing a significant number of shares from the operator at 17 cents. The operator must cancel their queue. They don't want to lose too many shares at a low price, so they cancel the queue.

This is a classic operator tactic. They set up a fake barrier at 17 cents, preventing retailers from selling at that price. This forces impatient retailers to dump their shares at 16.5 cents.

As you can observe, the sell queue at 17 cents is quite substantial. Not many people want to throw shares at 16.5 cents.

Suddenly, there are many large buy orders at the price of 17 cents. Previously, there were none. This indicates that someone is interested in accumulating shares.

There's been a sudden spike in trading volume. Many lots were bought at 17 cents, as we discussed.

It's your choice if you want to play the timing game. You might try to pinpoint a bottom and get lucky, but I'm not skilled at bottom fishing—it's not my strategy. Once they've finished accumulating (which is unknown to everyone), they'll likely remove all the obstacles and resistance at 18 cents and 20 cents, allowing the share price to rise smoothly.

I doubt the operator will flood the market with shares, allowing others to buy at low prices. If MINETEC has a significant development underway, I don't think the operator will allow retail investors to buy at a discount. It seems they've been accumulating shares steadily, particularly below 20 cents, based on my observation.

We're all speculators at heart. We invest in the stock market because we enjoy speculating. Whether it's anticipating good or bad quarterly reports, speculating on new projects, or pondering various possibilities, speculation is what drives us.

This is the essence of making money in the stock market: positioning yourself early, establishing your investment thesis, and determining your entry and exit points. If your thesis proves correct, you stand to reap significant rewards.

It's not about constantly shouting "BUY BUY BUY" when a stock is about to hit its limit up, or "SELL SELL SELL" when operators are dumping shares. It's about strategic decision-making based on your analysis and conviction.

Remember my name. I was the first to speculate about this new direction for MINETEC. Only time will tell if my speculation is accurate or not.

If these projects come to fruition, MINETEC stands to benefit significantly. Revenue from these two ventures could propel the company to generate billions of ringgit in revenue annually.

These developments signify a structural shift for the company, marking the emergence of MINETEC's new core business.

Here's my speculation:

Three major projects seem to be on the horizon for MINETEC:

Submarine cable projects
Data centers for artificial intelligence
Hydropower plants

Here's my speculation regarding MINETEC: Abang Izzarim's acquisition of MINETEC suggests a potential integration with IRIX Sdn Bhd.

IRIX specializes in subsea cable manufacturing, particularly submarine cables. According to Abang Izzarim's recent interview, his focus is on telecommunications and digital infrastructure projects.

Based on this, here are my speculations:

MINETEC could venture into submarine cable projects, particularly for transferring green energy electricity to Singapore from renewable sources like hydropower. This could lead to a collaboration where Singapore invests in data centers in Sarawak in exchange for energy.
MINETEC may also engage in digital infrastructure initiatives, such as building data centers for artificial intelligence applications. Sarawak's goal of establishing 5 Tier IV data centers aligns with this speculation

https://www.thestar.com.my/business/business-news/2024/01/27/injecting-new-energy-into-minetech

https://www.thestar.com.my/business/business-news/2024/01/27/injecting-new-energy-into-minetech

https://www.thestar.com.my/business/business-news/2024/01/27/injecting-new-energy-into-minetech

In his recent interview, Abang mentioned that he had given himself a six-month probation period to implement changes, introduce new ideas, and adopt innovative approaches for the benefit of SCIB. However, due to differences in business direction and visions between SCIB and Abang, he decided to step down.

Regarding MINETEC, Abang stated that he is focusing on telecommunications and digital infrastructure projects. Once a collaboration or deal is finalized, he will announce it on BURSA.

you can refer to his interview with STARBIZWEEK 27 January 2024

Investing in SARAWAK-themed companies is clearly promising. Just like in Johor where you have stocks like YTL, IWCITY, UEM, and others related to property due to the rapid development in Johor City.

However, in Sarawak, there aren't many companies directly linked to the region, except for those from the ex-TAIB era. One notable exception is MINETEC, given that Abang Jo's son is the owner. Another one is KKB, well-known as a GPS-related counter.

The majority of other stocks are heavily associated with TAIB or the Karim scammer, making them less attractive for investment.

That's the challenge with timing. No one knows when the operator will decide to push the price. Even if you manage to catch a bottom or top once or twice, it's largely luck. The real issue arises when the share price starts moving significantly, and you end up missing out.

In cases like this, it's often best to hold and refrain from taking action. If the price declines, you can consider buying more. If you don't have the funds to buy, just wait patiently.

Sarawak's energy sector is experiencing significant development. MINETEC currently holds a market cap of 300 million. Just last month, they secured a contract worth 250 million, equivalent to the entire market cap.

Imagine the impact if Abang secures a billion-dollar project for MINETEC in Sarawak. The company's topline and earnings could skyrocket.

Yes, you're correct. When Abang joined SCIB, his aim was to eventually take over the company. However, because SCIB and his vision didn't align, he left.

Abang then chose to get involved with MINETEC, acquiring a majority stake and negotiating with the previous owner to step down. The ESOS you saw earlier was part of this agreement.

Now that Abang has secured his position, all that's left is to wait for more projects to come to MINETEC.

Does anyone here know about charts? Maybe you can suggest others when to buy more shares? I think everyone here must be interested in this stock, or they wouldn't be on this forum.

No one can say for sure how long Abang will stay in MINETEC. He's the majority shareholder now, meaning he owns the company. If he decides to leave, someone else would have to buy from him.

But, I don't think Abang is foolish enough to take over as majority shareholder only to leave after six months. If he wanted short-term gains, he wouldn't need to become a majority shareholder; he could trade in other stocks for quicker profits.

Abang's position in MINETEC indicates his commitment to the long term and his intention to benefit from the SARAWAK Abang Jo era. That's my perspective.

Abang must have big plans for MINETEC. Why else would he spend so much money to become the main owner and replace the old management?

Check out the chart, find your way in, and wait calmly.

I'm not the best at understanding charts and predicting short-term price movements. I'm not sure about the best times to buy or sell. Is 0.165 the lowest point? I really can't say. It could be, or maybe not.

However, I really think MINETEC is changing for the better in 2024. Just look at the huge contract they just landed—it's as big as the company's whole market value! They've never managed to secure a deal this large before. So, I believe this marks the start of a major positive change for MINETEC.

Just a reminder, last month MINETEC got a huge contract extension worth RM250 million, which is as big as its entire market value. And that's just for the engineering part of their business.

I think MINETEC will get even more projects soon, especially with the Sarawak Renewable Energy plan coming up.

The next quarterly report's results, whether they're good or bad, won't really change things much for Minetec. It's important to look at the bigger picture, not just one report. Abang just became the boss of MINETEC last month. There's not much anyone can do in just one month to make the next report look great.

We should really be paying attention to what's happening in Sarawak. Minetec is going to do well because of these changes. The old days under Taib are done, and now it's Abang Jo's time. It's smart to invest in companies that will grow with Abang Jo's plans. That's the way to go.

BUY & HOLD

This forum has become overly negative and toxic. That's why I haven't commented here for a long time. There's a lack of genuine discussion, only mockery and trolling. Individuals who haven't invested in Sapura Energy continuously trolling those who have.

I fail to comprehend the motive behind this behavior. What benefit do individuals gain from such actions? There's a whole real world beyond this forum, yet some individuals have been stuck here for over a year, regurgitating the same content.

Ironically, the ones truly STUCK are those who spend their entire day commenting here, lacking a life outside this forum. What a nerd

The successful debt restructuring with banks holds several positive implications for SAPURA ENERGY:

1. Financial Stability
2. Creditor Confidence
3. Operational Continuity

SAPURA ENERGY is on track to exit PN17 status, and this development is expected to drive a positive movement in the share price as investors anticipate this significant milestone.

STAY FOCUS

Greetings fellow shareholders. Please refrain from engaging with individuals exhibiting a narrow mindset such as BobAxelrod. Let's stay focused, we're making good progress. =)

Hi fellow shareholders.
Reply with "Hi" if you happen to be a shareholder of Sapura Energy. =)

Individuals who aren't shareholders and those who engage in trolling often lack awareness of the company's latest developments, unlike us. Their knowledge seems confined to SAPURA ENERGY's 15 billion debt, PN17 status, RO expired, delisting, RIP and other negative aspects.

In contrast, we focus on staying informed about the Reset Plan's progress, advancements in debt restructuring, ongoing business operations of Sapura, and various other relevant updates.

STAY FOCUS

That concludes my message. I won't be posting any more. Soon, the trolls and non-shareholders might label me a scammer, hahahah.

I suggest that ALL SHAREHOLDERS ignore the scammers.
Let them make noise on the forum while we remain silent.

I'll provide updates from time to time.