read the edge...

but i cant find the link to share now.... is it missing or being taken down??

keep in safebox... waiting...

am just holding sona.. sold all wa...

peace of mind... hope all will make good profits...

really??... took profits at 0.80 :|

boleh masuk lagi??

took some profit at 36...

censof wb at 35...

good luck to all

i am also into censof and wb.. :)

the major shareholder of dnex

coming... :)

Waiting game.... sold all warrants... keeping sona below its cash value...

Keep in save & waiting to collect money :)

Playing other counters first

Most money stuck in Sona & Reach... :|

Potential bidding war for Salamander by Ophir :〔〕

http://www.iii.co.uk/investment/detail?code=cotn%3ASMDR.L&display=discussion&threshold=0&action=detail&id=11415515

Looks like for real this time... holding the balance share tight tight... tp 0.70.....

Too bad, i sold some warrants too early....

Wish all here good luck and huat big big

haha... thats why i accumulate both sona and reach when there have margin of safety... :)

hope both huat big big!!

dunno how true... but i am selling to play safe... keeping some if really shot up...

reducing warrant....

good luck to all

from salamander website:

http://www.salamander-energy.com/media/news/update-sona-transaction

Dunno the delay news reliable or not?

http://www.rigzone.com/news/oil_gas/a/135518/Sona_to_Get_MSCs_Clearance_Soon_to_Acquire_Salamanders_Thailand_Assets

guys, just be more careful.

it is earning reporting week in US, china GDP report tomorrow.... market may turn cautious... with current market sentiment, i choose to take careful steps... holding more cash now...

i might be wrong...

guys, checked with 2 channels, sona QA will be delayed <dunno what does it mean? Really delay or cancelled?> announcement on the way...

anyone else here heard anything??

am taking profits on recent low price purchase and cut down on warrant holding... preparing bullets just in case price drop... still confident with sona...

Delay??.... bad news.... taking profits... thanks!

Reach... still red... have to hold for longer term...

Preparing more bullets to sapu when it move lower

anyone has insider update on QA progress?

looking at the price movement, sense it might not be good news... postpone? cancel?

Possible to drop further with uncertainty on QA & world market

Will hold the mother share as it is sure profits

Warrant a bit worry if deal didnt get thru

return of 45 + interest is confirm! that's why i hoot kau kau kau in sona and reach and some cliq too :)

sold all other shares already

these 3 spacs brothers is great buy now, if can hold till maturity or until QA (max 3 years). return is better than FD rate!!

i am keeping buying now for all allocations to buy equity :)

huat ah!

for sona, any purchase at 45 and below... no fear... sure gain, just hold :)

anyone has any idea the progress of SC approval?

am not worry at all for the mother share, sapu more today at 0.42 :)
coz 45 return + interest is guaranteed

but...... i also have a lot of sona-wa with avg price of 0.24. if QA not approved, warrant may dive.... :[

better buy more mother share as insurance to the warrants.... haiya, have to stop buying Reach for now....

in fact, all 3 spacs (Sona, Cliq and Reach) are in money now... if wanna keep, buy the mother. sure gain dy ;)

SC approve or not??..... :[

A drop of usd$10/barel will take away 4c eps from sona. No jokes!

Assume:

Production = 10k barels perday
Effective interest = 40%
Exchange rate = usd$1 : rm3.5
Production = 365 days

10,000 x 40% x usd$10 x 365 x 3.5 / 1.2bil shares =~ 0.043

Well, commodity price do fluctuate... short to mid term might be down as over supply & economy slow down.

Plus Sona need to borrow huge debt to pay for the purchase.

Am concern coz holding Sona as major potion of my portfolio

Looks like going to drop somemore... manage to get some at 61.5 today

Paper lost.... but happily waiting :)

How low it will go?not much bullets left, must use to buy at best price

It is like buying 0.705 cash (~95% of 0.75) at 0.63 (or lower if market not rationale) cost! Plus interest & potential gain if QA at right timing

But must have holding power to wait & wait

Brent below $85!

Will sell more counters and buy more cheaper cash :P

Reach is totally cash at a discount! Haha...

Wonderful opportunity for Reach to shop for good oil field when oil is cheap!!

Just hope the management is smart & efficient. Anyway, it is in the money now haha

Brent below $85 ....

:-[

buy sona (major position) and reach (largest position) until bullets almost habis.... sweat...

sold bornoil and put all into these 2 counters...

cheap sales everywhere, so busy shopping... hope rebound soon, else, put in freezer and wait long long....

happy investing :)

Exploring opportunity in Riau..... why not look within malaysia?

guys, oil price keep dropping... i am a bit concern now..

any expert here can advice is the Salamander QA still profitable if oil drop below US$90? taking into consideration the premium price pay be sona and operating cost.

if not wrong, the current contract from Bauluang field is selling at discount to market price....

can this QA meet the min 15% IRR criteria set by SC for QA?

am having quite a big position on this counter.

any oil man here can advice??

thanks

Reach is below cash value now... just buy and keep if you can hold

worldwide market not stable. i choose to swing strategy from heavy trading to investing.

Reach is ca$$$h rich with zero debt, with more than 700mil in the bank. so, why worry to hold. unless u need to use money in short term. however, do reserve some cash for shopping if market really do crashed.

Hope dropping oil price in near term allows Reach to nego and buy a quality oil field at good price. Also, i am of the opinion that dropping oil price may encourage more oil major to focus in their own market, meaning more oil field in the region up for sale :)

Both will be winner!

Sona just have to wait max 30days, can be earlier :)

buying back... :)
also added some WB

exercise price is RM0.10

just announce yesterday

Cheap sale for wb also nobody want.... fishy....

Sold the mother share for small profits

After Par deduction, Bornoil now has a lot of money.... whats the plan? Any insider news?

Early bird trap again.... haha

My frend ask me to look at this one... luckily didnt buy.... looks like in money thou

Suddenly so many supporters... haha...

When price dropped, so many posted stupid comments... haha..

Spacs:

1st Gen: Hibiscus -> success qa
2nd Gen: Cliq -> looks like heading to.... Ho...nd
3rd Gen: Sona -> QA in progress, likely successful
4th Gen: Reach -> new, biggest so far. Price below cash value

I am vested in Sona & Reach. Devested Cliq last month.

Sona's purchase is good. Profitting field of Salamander. Paying slightly higher price, but still profitable.

Reach, should be able to buy good asset as they have enough money to do so. Compare to Cliq, funding is an issue to acquire good asset. Hibiscus can success with smaller fund coz they buy exploration field with higher risk but cheaper.

derrickinvestor, good move! sell once you lost faith with a counter...

keep holding on and bragging not good for your health....

price may be press lower and lower by shark to collect... for those not ready to hold and see the price below your buying price, pls sell asap!! this counter might not rebound so soon, move out quickly if you are short term and wanna earn quick money.... let the shark play themselve and let long term investor collect

happy investing and huat to all :)

Obviously the price is pressed down with purpose. Do u th8nk vol is so low if they really selling?

Come on, be rational! This guy just lisyed ladt than a month. And it is a Spac! This is how it works... if u think this level is safe, buy and keep. No holding power, pls dont touch.

65 is a safe price to hold. Lower than min cash value of 71.

Just have to hold... it will sure up!

Talk 3 talk 4 and stupid comments on its forum is only make the commenters looks stupid!

Pls comment & talk with sense

I am vested with avg price 67. And i am happy to add more

hi speakup, is the 76sen stated in the prospectus? Anyway, 71 sen is sure thing... am happy to collect at 65.. if lower, keep add... as i consider it as sure gain investment..

well, i dont bother the current price so much, i just know i will sure gain in 3 years time with avg price of around 67 :))

if they manage to find good QA, hit jakpot!! else, small gain also not bad la.... haha

based on 10,000 barrel output per day for the Salamander field.... and Brent price above USD90/barrel.... this acquisition can easily fetch EPS of RM0.09-RM0.10/share.... price easily above RM0.70

AT PE 8, price target RM0.80
At PE 10, price target RM1.00

concern is its debt exposure after the acquisition and rate rise after QA

Any O&G experts here to give comment?

agreed profithunter, within 3 years sure up... as it is trading below its cash value now... :)

if have holding power can consider... else dont touch...

understand what you buy before buying... everyday talk nonsense and cursing or scolding here also no use... market is determined by banker (or better call them sharks!!) when to up or down is up to them to decide...

pick up more at 0.65

if have holding power. can consider buy and keep. else, advice not to touch or catch it during its uptrend later (dunno when.. haha)

collecting it as part of longer term investment portfolio

market direction unclear, consider this as safer as risk is capped at 0.71+.... net cash, zero debt... safest even if rate rise or market crashed....

Low debt.... cash in bank.... promising biz....

But margin slightly low....

Overall, not bad

http://biz.sinchew.com.my/node/100755?tid=6

Buy theedge newspaper rm6 only.....

Sigh.... so many here buy share without reading

lets see if there is announcement of Dato Mazlin acquiring Reach share in near future...