Can ask the ekovest/iwcity people to join anzo lol

No wonder ekovest crashed like no tomorrow. Didn't bother to find out.

that's related to iwcity isn't it?

15 mill volume traded already. So you think all ESOS sold?

By the way, there's a lot going on in Malacca due to the Malacca Gateway project. Research around for your trading ideas.

The dilution is not as bad as you made it seemed to be lah. For example, if yesterday you own 10k shares out of 306 million shares, then after esos will be 10k out of 317 mill.

Hmm, 11 mill new shares, still the new NOSH is 317 million only. Today's traded volume is already 80.3 mill. I don't think it will affect that much. They can probably go for another rights issue if they want to raise fund I think, assuming 100% subscription, then the theoritical nosh will be 634 mill.

I'm also baffled by the pressing down. They got the sentiment/good news on their side and still... Dataprp flies over the mountain without needing anything haha.

You got a lot of money in this right Neverlossagain? Instead of trying to figure out when they will drive the price up, maybe better just re read some of the announcements and take a time off from monitoring the movement full time. This Datuk Chai is young and he's got a lot to prove that he is capable of steering Anzo in the right direction.

You have every right to doubt after what happened last month. What draws me after yesterday's announcement is because Tinta Anggun had no connection with Anzo (on paper at least) and yet they still gave the contract to Anzo while KNSB (the 1.2 bill contract) got Datuk Chai as a major shareholder so that tipped the balance in Anzo's favor in my opinion. Plus they will work with MCC Overseas, it's not a solely Anzo's 'responsibility'.

Nigel Low, if I remember correctly, they got 3 months to work on the finalization starting last month.

If you believe in the studies you've done, there's no reason to sell at all :). Based on a brief glimpse from what's stated on malaysiastock.biz, they've reduced their losses so that's a good sign.

As for the 1.2 bill contract, personally, I got a good feeling after Tinta Anggun has given Anzo the 109mill contract.

Zafirul Haris, you can wait until everything is completed and booked, nothing wrong with that :). For those inside, if they believe in the direction the company is taking, surely they won't let go of their shares at cheap. That's how it works.

You guys have been through a horrifying month. Whatever +ve movement, you deserve it. Don't sell cheap. Personally, I think now, even the other 1.2 billion contract is not that too far off.

longwinglongwin8899 there's no such news. The only news is, 'the decision' will be known next week which can mean either yes or no.

No..what I meant was, the way I understand it, they are opening possibilities for the contract to be denied.

"is still in the midst of finalising the contract documents and the decision of the said contract is expected to be announced by next week."

They didn't use phrases which could indicate only yes for example, "the final amount/value" for the contract will be decided, instead they use 'the decision'.

stayfocused, I don't like the wording of the announcement.

The thing is, the more price goes down, the more this syndicate can collect. It happened before when price was plunging and days after, why would they support now. Even no clues were given in their UMA reply. They are not in a rush. You are lucky if you can join them just before the push.

monitor cannnnn, buy don't. No reason at all at the moment.

Opps, correction on Dnex-wd exercise price. It's RM0.5 not RM0.75. Got mixed with another warrant :P. Sorry.

Yes, operator is winning big in time this counter. Everyday since the fall, the volume is very high. People keep trying to expect a rebound and it never happened.

Dsonic is in a different league, look at the price :). For a small company like Anzo, 109 mill is a good start. Their quarterly revenue is 1mill++ only. If the next next QR increase to 3-4 mill, you can assume that they are doing something right :).

Nah, that is if it's close to expiry. Look at Dnex-wd. The exercise price is 0.75.

The basic understanding is, Mother price - exercise price = warrant price. But since these warrants are quite far from maturity, how do you quantify that? People buy warrants with the expectations that mother will go up, at the moment, mother is past exercise price already. Let's say, mother price next week 0.5, do you think then only warrant price will move to 0.25? No way, market expectation will push it up very fast.

That's why I'm monitoring the warrant too. On other counters, when mother is past the exercise price and the warrant is far from expiry, the warrant will speed up like no tomorrow.

If that happens, I'll probably go for warrants, because even as it is, mother price is way above exercise price and maturity for both warrants are still way ahead :) .

Hard to find a fair valued penny stocks based on fundamentals alone. That's one of the reasons it's cheap. The fundamentals are struggling. Personally I'm looking for a cheap stock with a potential to turn around. At the moment, since Anzo has been awarded with contracts from Tinta Anggun before (worth 39 mill I think), meaning they've got some reputation with Tinta Anggun, I'm not discarding this from my radar.

you guys got any updates on the 109.3 mill contract from Tinta Anggun Sdn Bhd?

http://www.malaysiastock.biz/Company-Announcement.aspx?id=960597 based on this, within one month should finalize, now it's probably 1-2 days more than a month already.

Guys, don't quarrel. For this one, it's up to the market maker really. At the end of the day all of us want to make some money so we can buy that extra groceries or take our families for some leisure time. I sympathize with those who are losing a lot because I've been there before and it was in a counter that moved akin to Penta now :). One day, it just gapped down for no reason. Who would have thought right.

If you are inside already, just chill. You've endured the worse scare on this klci this month when other counters are happy :P, if it's moving up let it do so. Sell your shares when it's high.

They should be close to finalizing the contract with Tinta Anggun, the RM109.3 million one.

It's a bit funny when such reminder is only posted at certain forum isn't it? Why not post at all the green ones too. But, a good reminder nonetheless. At the moment, the KOSPI is still green though. Btw, where is the volume tracking guy? :P

Sniperelite, for some reason, the writer in that link sounded like he was oblivious to what Reach was. Reach WAS an SPAC, and then after shareholders voted Yes to buy the shares in the Kazakh Asset from MIE Holdings (in Nov 2016), namely Emir Oil, it turned into an E&P OnG company. It had no assets, no revenues before this. It ran on monies from IPO and some of that monies were used to pay for the asset that they own now. So to compare to established OnG stocks which have been harvesting their fields for quite some time is a bit inaccurate. Not the time to do that yet until we get the idea of what they are producing now. That's my opinion.

No problem with the undervalued part though :P . If what was forecasted in the field evaluation lived up to the expectation, they could be better than some of their counterparts.

stockmanmy, haha yes. I was looking at it, and I think it looked like it was holding at close to 0.5 and then I went out and came back, had a quick peep and there it was, clinging for dear life around 0.3++. T4 punters, pumpers and dumpers, and avalanche happened.

gcke, everyone can say that after what happened, even what's written in the article. Assuming you were inside, the best thing to do was cutloss, minimise damage. If it rebounded around 0.495, everybody would be singing a different tune.

At the moment, I'm inclined to think Datuk Chai as a major shareholder/executive director at KNSB probably got his sight set on potential source of funds for Anzo to work with MCC on the project hence the LOI. Good chance to clean up his name too hehe.

Enjoy your weekend! Good night!

I can't find such statement stayfocused.

In both announcements, I only find this:
"The financial commitment required by HCCSB together with source of fund can only be determined upon finalisation of contract documents and final contract pricing."

That drop, in my opinion was a domino effect. Somebody threw a big chunk of shares, and all the other sharks were surprised and didn't see it coming and everybody just followed since the drop after drop kept triggering everybody's stop loss level. Pump and dump gone wrong, because it affected all those who joined during the initial climb. Even got people who exercised their warrants and who are now probably not very happy.

Find time to read, and we'll see next week.

That's why the condition of the LOI includes that they will be working with MCC Overseas LTd.
http://en.mccoverseas.com/product/type/2552-6461-1.html Here's a quick look at what MCC is capable of. But it's ok to be cautious.

I know, but doesn't mean I should stop studying it :) and what IF they managed to work something out? They've received contract before from these two entities, so that intrigued me.

After going further back, and yes they've received contract from Tinta Anggun too. Good stuff to study this long weekend.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=846645 this is the announcement related to that article. Yes, on the same lot 8087, 8089. Wow, this renewed my interest.

Hey, interesting find. After comparing the newspaper article to the announcement, I think that's probably referring to:

"Fasa 2A: 1 Tingkat Basement Dan 4 Tingkat Podium Tempat Letak Kereta"

But I could be wrong. But to me that means, Anzo has received contract from KNSB before.

Predict? kencanaaduka, then spend some time reading the prospectus attached to the OR announcement :)

But the guy losing 80k, did he cut loss? Just wondering. I'm so disturbed by that lol.

Rio2814, PP price is not yet determined. It will however, for certain, be cheaper than market price (they can give up to 15% discount). We presume it will be 59 cents because that's the maximum amount of money they can raise by issuing max PP shares, which is about RM180mil money raised from issuing 300+ mill shares.

Mamatede, about the project, I'm giving it the benefit of a doubt, since it's like Datuk Chai using his position in KL Northgate to bring Anzo into the contract on a condition that they'll work with a huge/respectable company namely MCC overseas. But still, no letter of award, no buy.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=960597

If you are trapped at a higher price and probably too late to cut loss, you can keep track on this. Read point 5 and 6. Good luck. May your loss be minimal or you make profit even.

From the RHB research
"Future upside. Apart from the on-going efforts to upgrade its 3P reserves to 2P
reserves, the group is expected to start the operation of a new central
processing facility, scheduled to be online by end-2016"

Now that Emir Oil is under Reach already, this is the nearest possible positive impact to production that I'm keen to know about.

If you don't have this yet, don't buy, don't queue, sometimes before you know it, they'll dump everything to you.

Hehe, it's our right to vote whichever and it came through still.

For those looking for the RHB one, it's a neutral one but if you read the first paragraph on the first page, there's something there. Do your own "due diligence" too.

http://reachenergy.listedcompany.com/misc/osk-report-my_reach-energy_non-rated_-20161026_rhb-bRKD1036295259580fe24e1a1f1%20(1).pdf

You have every right to doubt the TPs Orson since there's a lack of information at the moment. But once more data comes out, and IF it really matches up to whatever was forecasted, those TPs are not that impossible to achieve.

It can happen TheContrarian, since they got the right to carry out PP already and it's the best way to get more monies without incurring debts, so why not try for maximum amount.

to the new readers, can read some of the headlines related to this stock. Can give you the ideas why past QRs might not look good, why there's a certain set of TPs after certain points in time.

Their website got a lot of media coverage compilation as well under the Investors Relation section and one thing for certain is, they read this forum.