Under the agreement, BOG was granted sole and exclusive rights to prospect and explore the mining area for minerals and precious metals including gold.

It will carry out mining works on the mining area within six months from the date of the agreement, if exploration indicates the existence of such resources including gold.

BOG will also advance a total sum of RM5 million to HDL. Net profit generated from the mining project will be shared on a 60:40 basis with BOG taking 60%.

In addition, BOG will pay tributes of 2.5% to PKNP and 5% to the Land and Mines Office based on sales revenue.

The duration of the agreement is for 20 years or the date all minerals and precious metals on the mining area have been exhausted, whichever is later.

Borneo Oil said the agreement will not have any effect on its issued and paid-up capital and is expected to contribute positively to the earnings of the group in the future.

Thank you very much ignissimia for your kind info

Can I know gaming tax difference between Vietnam and Malaysia ?

Homeriz

Maybe 0.575 closing ?

Calvin Sifu here i came to join and support to buy

And Mulpha also hold

AOG Aveo group Rm 787m
Mudajaya Rm 312m
Mulphaland Rm 63m

Total Rm 1.16B + Rm 5.27B = Rm 6.43B / 2135B share = Rm 3 per share.

If we apply 50% discount from what i imagine, it still worth ......?

Please correct me if I'm wrong

And final many thanks for Calvin to bring out at earlier stage.

Calvin have done his good job on this and now is up to the management of Mulpha for the rest.

If all of balance of the land build base at 2.5m at 7 unit per ekar
654 ekar x 7 x Rm 2.5m = Rm 11.4 B.

GDV of Rm 11.4B - Rm 5.7B land cost = Rm 5.7B for building.

If mulpha can make 20% profit of Rm 5.7B from Rm 2.5m banglo = Rm 1.14B

So land value Rm 5.7B + Rm 1.14B profit from banglo = Rm 6.84B max.

Mulpha latest debt stood at 2.1B - cash of 530 m = 1.57B debt.

Rm6.84B - RM 1.57B = Rm 5.27B about RM 2.00 per Mulpha share at future.

Please correct if I'm wrong

Mulpha Material properties of the group as at 31 dec 2013

lot 679, 7 , 8 , 1141 and 1514 mukim pulao and Tanjung Kupang Daerah Johor Bahru free hold land stood at 376.73 hektar.

Lot 84-89, 696, 908 and 2991 mukim pulai Johor Bahru stood at 41.79 hektar.

Mulpha did mension that 380 ekar will be reserved for golf, polo and recreation.

376.73 hektar + 41.79 hektar = 418.52 x 2.47105 = 1038 ekar minus 380 ekar recreation land
= 654 ekar.

If land alone value at RM200 after new access road = 654 ekar x 43560 x Rm 200 = Rm 5.7 B.

They also got 136 ekar land at padang Meha Kulim, Kedah.

Please correct me if I'm wrong.

Thanks sifu Calvin

will try if I'm lucky to buy at below 0.430

Dear Calvin sifu
I can see HONEST OPPORTUNITY LIMITED dispose once the price of mulpha reach 0.450 and plenty of support to buy once below 0.430 so safest entry price should be about 0.425-0.435 ?

Thanks again dgtalkid for the info

Thanks yuanlong57 for the latest information

Which means their reserved price for bungalow lot start at RM200 per sqft ? (8.7 million @ 1 ekar)

Can we find out how many ekar of Leasure farm land left for development ?

Thanks dgtalkid for latest info and sorry for my outdated info.

Thanks calvin for the under value GEM.
Here is some additional future income from Aveo (AOG ASX)

Jun 19 14
Aveo Group announced that the estimated dividend/distribution for the year ending 30 June 2014 is $0.04 per stapled security. The record date for determining entitlement to the dividend/distribution is 30 June 2014 with payment of the dividend/distribution anticipated to be made on or around 30 September 2014.

$0.04 aud x 3 = rm 120 x 84,326,000 (26.22%) AOG share own by mulpha = RM 10 million.

Shares of Aveo Group (ASX:AOG) opened at 2.030 on Friday. Aveo Group has a 52-week low of A$1.050 and a 52-week high of A$2.390. The stock has a 50-day moving average of A$2.03 and a 200-day moving average of A$2.07.

Value of Aveo alone appreciate 250 million.

Pls correct if I'm wrong

Next target 0.73-0.79 ?

The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.

2 bullish signal- closest target 0.58-0.60