any big news coming?

For those who have been around during the 0.27-0.29 long period of stagnant, you are rewarded with the celebration now. The current correction is healthy development, if no correction that will be scary... so buy back when the share is pulling back! A correction is needed for next upward lift. Remember by end of this month, Q2 positive and follow by Application to out of PN17, the range is no longer 0.4-0.6, it will be 0.8-1 range, you will realised whatever happen this few days is just a warm up session!! Of course you need to monitor the global stock market remain the current momentum. As for now, the equity market is on the bull run globally, with interest in all time low, employment rate is low in US, Europe is yet to be out from recession fully, all the sign pointing to positive outlook as now!

Today is just part of games to push down to scare the ikan bilis so to prepare for next month celebration! Opportunity to buy in...

Sumatec Resources Bhd fell 27.9% today to close at 44 sen, having dropped 17 sen from its five-year high of 61 sen yesterday, as investors took profit after the stock’s strong rally since early July when it was traded at around 32 sen.

Its CEO Chris Dalton told The Edge Financial Daily this evening that the company was not concerned on the stock’s plunge, citing that the sell down today could be due to market volatility.

“With our second financial quarter results to be announced by the end of August after the board meeting, we expect to proceed on applying for PN17 upliftment as per planned,” he said.

It is a healthy correction! You dont expect the share keep moving without taking a break? Do you? So, dont be too sad! Only those with Contra will be bitten flat!

Remember they are supposed to complete the first well workover by end of May, so we just have to wait for their news soon. Like previously they plan to start in Feb but only started in May due to various logistic issues as reported by their press release. Since they have also announce first workover started recently, and therefore this delay shoud not be long… so news can be anytime this week, or next week, or who knows …if the first well result is encouraging, we shoud see some movement. Remember the plan is to workveor 11 wells to get 2000BOPD by year end.

After 2Q already positive, how much longer before they can officially out of PN17?

3 deals signed during Najib visit to KZ, 2 of them for HS... So, this is not Sona/Cliq/Hibiscus, this is real.. So RM5 at 2018 is a beautiful dream!

If all goes well, first well workover completed by next week, oil start to flow and news releases by early June, we should expect Suma goes to 0.35-0.40.. What do you think guys?

Yes..wait 2017-2018, Suma is RM5... OMG!! Lets dream on... This is worth the bet at 0.28, HS will make sure this time he goreng kaw2 more than Renong!

Any news on Suma?

Tomorrow all of us confirmed to be BBQ live to death like Banting case!
And the crook will pick up cheap cheap and start another good story ...
Merry Xmas God Bless BRK!!
Happy New Year!! Party time!!

If the REX technology is so good, big players like petronas, Exxomobil, Chevron will all using it, what a crook! This is the so call REX only used by BungaRaya and to BS all small fishes like you and me who know nothing about oil/gas... Hahahahaha...

Think about it, if the technology is good, surely other oil company will talk about it and use it, the fact is no one know what the fcxk is that, it is another way Dr K goreng...kakakak...

Tomorrow is going to be fun fun days...hahaha....limit down all the way to RM0.80!
The well suspended on 19/12, so they have well problem or they know it is a dry well before that maybe 16/12, the insider start throwing on 17/12-20/12, after that only they informed Bursa to suspend trading. And after suspended 2 days, to decide how to tell the bad story and chose 24/12 evening to annouce, hoping Xmas will cool down all those mad investors. It is fuxxking obvious insider started trading selling from 17-21 dec, just go and see the chart you will know. It is US this small fishes caught in this massive volcano tsutnami no way to run!! Ohhh what a orchestra by Bunga Raya Ku!

Market open expecting to go below RM1 on 26/12, so good time to go in for new year angpau from Dr Ken!

Dr Ken is a driller? Hahaha... He was justa wireline engineer with SLB during early time, and spent next 20 years with Sapura mostly nothing to do with well drilling but management in non well serbices business... He know how to goreng lah...not drilling!

This is so much fun.. when 0.28 no body wanted to buy.. when 0.305 all miss the boat.. how often you get WB @0.215? Set you entry target and move in! Target 0.5 before CNY. Dont get emotional. This is early day!!

Just in case you are not familiar with hibiscus/sona/cliq...all of them have ZeRo income, only Hibiscus with assets, but all assets with no proven oil except the small field in Australia which is 1/10 of Suma Asset in KZ. Regardless.. suma will continue to be hottest stock in KLSE for next 24 months.. Lets have fun together!!

Hibiscus..already 3 years, any income? Any profit? Share price still up?
Sona/Cliq, any assets? Any income? But those who bought already laugh to heaven..
Suma with strong assets, supported by HS/CMY/Corston... Then you tell me what will happen next? You dont need to be a share analyst to predict this....

That is for sure, price is sky the limit...but i will say 0.7-1.0 is not impossible...
Poorman, i too hope your prediction right, so i could enter with all the panties i have ...

They have 700mil shares, and many are part of the deal to pass to new Comer, so no big deal lah..

Prediction CNY RM1, min.

If someone try to calculate original price back in jan is 0.22, long before the right issue news, shot to 0.75, then post right to 0.35, that is equal 0.9 pre right, on top of that right entitlement 41 right for 10 share at 0.175 exercise price, plus free warrant for every 4 shares, now at 0.24. I will say that is already 600-700% return in less than 8 months. Ohhh my god!!

Suma is HS last chance to revive his lost fortune due to the bastard mamak who try to act more than a malay! Who is his supporter? CMY and Corsmith! Who are these two people? Now you tell me if Suma will fly or not? I know nothing abt oil/gas neither i know KZ is going to war with Russia, but i know ini kali lah.. CMY/HS will make sure the 90s glory is once again flying... Before they finally retired with glory and head up!!

WTF going on here? A few of you created few pages of Sumatic forum cursing each other? Focus on SUMA... Monday can up or not?

It is obvious a company blueocean bought all those sold by Tekad, so it is part of the structured deal, nothing to worry about. Tekad will not sell anymore after reduced from 25% to 11%, all these are announced on bursa! With HS/CMY, you should sit tight and enjoy!

http://www.btimes.com.my/Current_News/BTIMES/articles/20131129000353/Article/index_html

ANother big deal coming?? What is different between Suma and Markmore?