@JoshuaMS7 i think consensus here is that Reach is a useless counter :) since no matter or how much brent price increased, Reach is always due south...

true true.. but having said that MTD Capital are known to be shrewd people.. beats me if they screwed up this one!!

wow volume going up? whats happening??

sleeping....

@Forcepre7238 i think cannot fly yet because:

1. Amount owing to shareholder not resolved - (what happened to the said PE funding?)

2. No permanent and competent CEO to drive the business

3. Central Processing Facility has not been completed and delayed to next year (hence limited output)

4. As-is the oil wells are producing lower output, which I suspect due to lower well pressure???

Anyone can share or correct my analyses?

This one goes to you @TheContrarian... juz for fun

Hai Reach lapuk tak boleh harap....
Basikal cabuk dah naik kurap...
Baru putus hai urat saraf...
Masuk angin keluar asap.....

@TheContrarion.. i like the song 'masuk angin keluar asap' too... hahahahha

@Brutus121 hey sifu you are right.. indeed 'masuk angin keluar asap'... hahahhahah

@Anisdesanika QR is red... operator push what? oil or hot air? ;)

@Hegoredi QR red lah boss.. still due North??? hhhmmmmm

@Infiltrader QR red but price green!! What gives? Whats going on??

December people not round la boss.. holiday oledy

operator sleeping share price can still maintain?? what gives?

Aiiiyyooo.. where got show ma????

wowo wowo wowo!!!

@Brutus121 hey sifu.. i know that song.. by the late P Ramlee (rip) .. masuk angin keluar asap... hehehehe.. very funney

hhahahah.. silly counter.. lots of useless people earning fat salaries one wise man once told me hahahahaha

no more steam hahahahha haiyaaa

@TheContrarion I tot already struck oil? found a bigger reserve??? ;)

i wonder whats the good news? new ceo? or green Q announcement?

wow what happened??

waaah.. @Hengoredi sumething coming ka?

uh just saw somebody's collecting yesterday.. tot there was some good news came out.. Q3 announcement soon ka?

@Izuddincikdin what am I missing bro? Go where?

I wonder how the smart people at MTD got this wrong??

@Brutus121 any hope for this dumb-ass not-so-Reach company??

the board must be considering an O&G seasoned player no?

Looks like MTD is taking charge now!! Hope for a better tomorrow!!

https://www.theedgemarkets.com/article/we-will-be-back-black-year-says-reach-energy

Ex-CEO practically lied in the news... The Edge some more!!

Back in the black in 2018....

Black my arse got lah

Poodah cheek useless ceo

new ceo coming!!!

where to go @Izuddincikdin??? downhill??

yes they do produce oil approx 1.6k barrel per day as per Q2 announcement

Q2 not good price still green? I am certainly confused!!!

why ascent now acadi? any news? or no news is good news???

hiyaaa why laaa

tyre pancit oledy? huhuhu

ok something good coming looks like it!! THIS IS CRAZY STUFF!!

wow wow wow something big coming ka @nasrulfahmi??

I Say a Little Prayer...

i loike too

@thenewbie you know something boss? can share? lots of people lost faith alreadt..

@thenewbie wah you know something we dont know ka???

Emphasis of Matter by Independent Auditors

“We draw attention to Note 3.1 of the financial statements which indicates that the Group
and the Company incurred net losses of RM180.1 million and RM7.0 million respectively
during the financial year ended 31 December 2019 and, as of that date, the Group’s current
liabilities exceeded its current assets by RM13.2 million. As disclosed in that Note, the
impact of Covid-19 to the industry and the decline in oil prices have affected the ability of
the Group and the Company to generate positive internal cash flows. These factors indicate
the existence of a material uncertainty which may cast significant doubt about the Group
and the Company’s ability to continue as a going concern. Our opinion is not modified in
respect of this matter.”

Price of Brent has doubled up since early this year right?

how so 'very good? sifus?

@nasrulfahmi don't count the chicks before they are hatched
#flyingwithoutwings #AGMfever

wow so many high TPs? Jual minyak angin?

@nasrulfahmi old adage, don't count the chicks before they are hatched...
#flyingwithoutwings

hahahaha.. yummeh good one @freddiehero!!

@freddiehero i think this is more like 'flying without wings'... hmmhhh what song was that?

fly bebeh fly