Yes still not sure because I am not sure whether there is a room to make an appeal from suspension or not. Because in bursa news, the appeal only refer to de-listing.

Possible suspension is more than 90%.
Luckily no suspension is less than 10%.

Not de-list from market 98%.
De-list from market 2%.


My simple calculation only =)

The company still get suspension even though they made appeal both suspension and de-listing.

Why still get suspension?

Because Bursa told the chance of appeal refer to de-listing although Bursa not told the company cannot make an appeal for suspension.

If there is a hidden law to get an excuse to avoid a suspension -by making an appeal from getting suspension too- then there is a hope. If not, the company just try their luck submitted an appeal from getting suspension where if Bursa give no room of appeal for this, then the date for suspension still in place.

Thats what I understand from their news.

From my understanding according to Bursa rules, the suspension of the company still in effect although they made an appeal from de-listing.

If Bursa approved the appeal, the company will not de-listing from the Market but still get suspension; no buy no sell starting 27 November 2013. Once get suspension, its take time to get back into the market.

Just be careful.

I think they buy because:

1. current price is fair price like the price before Octagon entered an agreement with OGPC Holdings in May 2013. At that time before May 2013, the price was between RM0.045-RM0.080. So current price is average. Beware, their current NTA still terrible.

2. hoping that Octagon will get the copper project soon.

If I have 90% confident that Octagon will get the copper project and or at least remove from the suspension within next 12 months, I will buy Octagon before the suspension at RM0.070 or below with 20% or less of my stocks' portfolio.

Means, I take 100% risk but just 20% total capital risk, and believe 400% profit potential from 20% total capital risk.

Welcome. I see the price still hungry to goes down again. It may break RM0.050 and may hit RM0.040 before the suspension.

To remove very quickly from suspension and avoid delisting, easy, just by making a lot of profits and pay debt to the creditors.

Anyone correct me if I am wrong from all my statements above. Thanks

From what I understand and learnt, there should be a chance. But still need many process and time.

First, Octagon has to make an appeal from delisting. If this appeal granted by Bursa, then Octagon will not delisting from markets. Octagon still get suspending from their market trading. No buy no sell. Logically, their price will drop before the suspend.

Second, while in the suspend, Octagon will have to work to fulfil all obligations made by Bursa e.g. make profits and pay their debt to creditors so then Bursa will remove the Octagon's suspension. All this process take long time up to 2-3 years or more.

Take an example of Luster. See how Luster got back in the market again. See how the price reacts once their suspension removed.

Although, the price is huge when the suspension removed, the risk still we have calculate carefully. Risks are: take long time to get the big profit, big risk if the company not able to fulfil their obligations from Bursa to remove their suspension thus the big profit that we wait is finish plus people not buy the share since their suspension still in effect.

I sold! Long adventure. Beware...I see there is a downside potential will occur again before the suspended next week. I expect the price will goes down again to hit RM0.050 or below.

In the future (1-24 months), there may be upside potential for the price to goes up to RM0.35 but the stock may already suspended from trading. This upside potential is what I thought to happen as long as Octagon really get the copper project in their hand.