victorchinjy

victorchinjy | Joined since 2023-11-22

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2023-11-29 16:56 | Report Abuse

Obviously got gold there right, that's why it is a gold mine there ma. So what is exciting about having gold in a gold mine, until will make counter fly next week?

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2023-11-29 16:28 | Report Abuse

Bullballs, selling on news might be done for now (or not), but definitely doesn't mean will fly anytime soon such as next week lo. For it to fly again, must have new rumours/news ma.

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2023-11-29 16:25 | Report Abuse

choop818 I didn't say got totally no correlation, I said there is little correlation la. If you think got strong correlation, today's price movement should wake you up to it. Maybe you can see correlation on very long term basis, but you still need to discount many other factors such as FX, operational cost efficiency, leakages, disruption...etc, ends up the correlation become too small to trade counter based on the commodity price strength.

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2023-11-29 15:58 | Report Abuse

Buy on rumour, sell on news. News came out already last night, so selling comes in until next rumour or news circulate in market.

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2023-11-29 15:54 | Report Abuse

choop818 and other gold bulls, you should Long gold on commodities market instead. There is very little correlation between this counter price and commodity price.

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2023-11-29 10:24 | Report Abuse

sammmy prices don't usually go up in straight line unless there is fresh rumour or news ma. Last few week everyone expecting strong QR, came out last night already and no strong follow up buying, means that move is done already lo.

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2023-11-29 10:04 | Report Abuse

By now should realise already that share price is not strongly correlate to commodity price. I think still got some good growth for this counter, but better wait for next wave la. This wave got profit better take first.

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2023-11-29 09:32 | Report Abuse

Aiyahhh....we have to be realistic lo. If after strong earnings report, still no power to break new high then this run is over liao. Have to wait for next news for new move.

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2023-11-22 09:52 | Report Abuse

"Someone expert here can check section 5 mineral development act 1994"

Their gold mine in Sabah, falls under Sabah Mining Ordinance under state control, so this one above not applicable lo. State oredi said no problem ma. Dun simply scare peopel