This is a Sabah-owned project to benefit Sabahans by providing employment and advancement in mining technology. If the project succeeds, it will also provide royalties n taxes for the State government.
So which politician in their right mind would want to cancel an economically beneficial project like this? Btw Bahvest management was astute enough to ensure that the project would proceed without interruptions irregardless who became CM or which party formed the Govt. Please check the Bursa submissions regarding the acquisition.
i) biological asset (fish)rm155 million, up rm 55 million. who to verify the fish? ii) cash only left rm4 million, mana cukup to run ahard rock gold.mine iii) revenus rm755k for 3 quarter..basically income at all either fish/gold mining conclusion : very fishy company
if lucky, it take 2-3 years to break even in hard rock gold mining. bahvest only hv rm 4million cash, iy will tinggal nyawa ikan and need to have cash call
Market cap at RM730 million, as if the gold mine belongs to Musa Aman grandfather, if MACC do not investigate the injection of goldmine concession into Bahvest then it will be a black swan event under the new govt.
Why chase a lousy counter which is bleeding losses for the past many quarters & gives 0 dividends? RM1.20++ with the free warrants at 90 sen+ will make your buying price at a ridicously high price of around RM1.70 !!! Are U serious? And if the NEW state government scrap they gold mine, they are FINISHED !!!
Will new govt in Sabah lodge MACC report on goldmine injection into Bahvest?? Will investigation can commence soon? Next Monday first Sabah assembly convene, probably vote of no confidence against Musa Aman. Most probably after that all loop sided concession awarded during ex cm tenure will be investigated.
Sedih-kan? Tiada yg nak dengar nasihat baik. Harga masih tinggi. buyer agk byk jugak. But u all have to make up your minds-bah.. If this is scam, what difference does it make if the whole project got cancelled-lar, MACC investigate-lar, apa lollipop-sided-lar? There is no gold anyway. If no got gold then it has to be pump n dump, betui? But daily volume is not in the tens or hundreds of millions-bah.. at best still single digit millions only. How to dump? Share base is 600mil-bah. Kalau free float is 15% aja pun dah 90 million shares. Which operator in 2018 can absorb this in order to pump before even getting to dump? Maybe China operator come n do.
But as previous CM I already know no got gold so the contract written in that if cancelled or withdrawn HUGE compensation $$$$$$$ must be paid to BAHVEST by the State. You all understand what is signed contract? Like have to pay 22billion to cancel ECRL. Like have to pay 500mil to cancel HSR. So please please pergi cancel the contract. Jual, pergi jual , jgn tak jual..
budahsaham, kelakar-lah u-ni. But from my previous experience as CM, let me advise u. Do you really think they would not have EIA approval for sustainable n eco-friendly treatment of cyanide in the processing n refinery seeing that cyanide is integral in the refining process?? Any serious mining company would have this approval from the very beginning.
Secondly, please make up your mind if their gold mine is going to be cancelled as you mentioned previously or now only being reviewed? And on what basis? Just because there’s been a change in State Govt?
Buy low sell high. Rm1.20 with free warrant around 40 sen. Are your crazy to buy a company with losses every quarter and 0 dividends at RM1.60 ++ (NTA less than 30 sen) To make money you need to buy low sell high. As simple as that. The gold mine story i heard for more than 5 years already. Until now still no results. The only results is their quarter HUGE LOSSES results for the pass many years and never ending ESOS !!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MusaAman
111 posts
Posted by MusaAman > 2018-05-26 22:36 | Report Abuse
https://www.thestar.com.my/metro/community/2016/10/26/feedback-sought-on-gold-mine-state-authorities-reviewing-environmental-impact-of-mining-gold-in-tawa/
https://www.thestar.com.my/news/nation/2017/04/12/gold-mining-company-set-to-start-operations-in-tawau/?from=singlemessage&isappinstalled=0