Is normal because once always give additional share esos it will go slow after, the additional listing is on 06/08/18, slowly uptrend, if not mistaken first TP reach RM 2.00 above. Buy.
Markkoh, fully agreed with you, lot of people got trapped into the Presidential suite, I checked out in the morning with an expensive tuition fees paid for, thanks...bahvest
From the start i already told U all, this counter is overpriced... some super smart ppl said rm2. Even rm 2.50 Haha ! How can a counter which bleeds losses for more than 5 years and gives 0 dividends be a good counter? Something is wrong with the management. Every year make losses rearing fish. What makes U think doing gold mine they can make profit? Do U think the management will share the gold mine profit with U with dividends? The only way to make money in this counter is to buy below RM1. For both bahvest and warrant add up. Then its a good buy. Otherwise just wait. No hurry. Ask all the people who bought at 1.30 to 1.40. See how much they got burnt by buying HIGH !! Happy trading everyone and if U can make money in bahvest, U are seriously quite skilled for the share market :)
You are wrong Vincenbravo from your opinion, Bahvest is started for the new development gold mine, it had done so many years of survey and research to get this project done, once profit it will give dividend but don't regret if the share price shoot up.
I think all the members in this group chat are strong supports of Bahvest! Otherwise wouldn’t be here! Maybe some have missed the boat and want to collect at lower price.
Yawn ~~~ collect while price is cheap, buy low sell high. Long term for the real germ, i'm not worry price plunge at all...yawn, confident investor nothing to worry; short term trader, yes, they should, so short sighted for merely earning few cent .... wait until full impact of the full production la, why hush =.="
I had deleted earlier post as there were some mistakes in figures in calculating the estimate income. Strangely, no-one had corrected them.
Vital numbers:
One Ounce (1 oz) = 31.10gm (One ounce (troy) of gold converted to gram equals to 31.103 g) or 31 1/10 grams (g) 1 kilogram (1 Kg / 1000 grams ) = 32.1507466 ounces *
Gold trade Conversion: Gold is not measured in the typical (Imperial) Ounce. Precious metals, gold included, are measured in what is known as a “Troy Ounce”. Troy Ounce is used as a standard measurement that is shared among anyone that deals with the purchasing and manufacture of anything related to gold. The Troy Ounce is part of a larger measurement system for precious metals that is known as “Troy weights”.
It is important to understand: A regular Ounce is comprised of 28.35 grams. A Troy Ounce, however, is comprised of 31.1034807 grams. As you can see, there isn’t much of an overall difference between the two types of Ounces, but when it comes to gold weight, that extra 2 or 3 grams affects the size of the finished product. If you were to compare a piece of jewellery, like a ring, that weighed a standard Ounce and one that weighed a Troy Ounce the latter ring would be slightly bigger or thicker. ~Source: UK Gold Trader~
Note: The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the 400-troy-ounce (12.4 kg or 438.9 ounces) Good Delivery gold bar. The kilobar, which is 1000 grams in mass (32.15 troy ounces), is the bar that is more manageable and is used extensively for trading and investment. The minimum purity required is 99.5% gold and be stamped with a unique serial number, the fineness, and the seal of the refiner.
Typically, Gold mines first produce rough gold, called a “dore bar”. These bars are typically about 80 percent pure gold. These dore-bars are sent to a refinery or even gold coins makes (eg. (Australia) https://www.ramint.gov.au; (Canadian) https://www.mint.ca/store/template/home.jsp) where they be refined into higher grade of gold of different forms and purity.
Gold Price: as at< 08.08.2018> Pure 24K gold with density: 19.282 g/cm3 calculated
@CURRENT USD$1,215.25 for a troy ounce OR USD38.99 per gram OR USD38,987.68 per KG
Divided by 608,550,000 shares = EPS x PE10, PE12, PE 15 = rough indicative fair share price
IMPORTANT: a) ALL figures are GROSS, still subject to cost and other variable factors; b) if spot gold jumps @USD$1,300.00 adds 6.97%; @USD$1,400.00 adds 15.2%; 3) a new mine may provide 30% reserve to reach full production capacity from any initial announcement of gold yield.
* As I said earlier, we cannot expect all those buried gold flakes/nuggets in the soil would keep popping up from the ground like pop corn in an oven and just net them freely with no cost; so the “gross” here means it is still subjected to its unknown production cost in MYR, minus 5% loyalties, discount of 20% as its initial gold bars/brick/dore-bar may only be delivering 80-85% purity. If we use a foreign listed, domestic gold miner’s 2012~2015 annual report figures for rough cost indicator, the Company presented their cost per ounce @USD300-00 for initial 5 years but its latest corporate report saw an increase from USD500 to USD600-00 possibly due to resources begins running out and has to go down one km for mining operation. In this case, Bahvest practices surface open-pit mining as suggested by RPM, so at least for the initial 5 years, its cost could be low, in addition operating as a local Company.
I got the numbers I want for last two days for my month-end bet (says anything you like). Enough, running out of usable bullets (Smile.. .)My opinion: if there are deliverable numbers: 50 (hold... or may consider sell back 1/3 and observe for another month); BUT if it is 80KG onwards (smile) or 100KG (then we can laugh all the way to the bank, hehe ..). So approaching 3rd week August, its share price should provide some indicator, I do hope 0098 can break out to whole new ground from here.
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....
Oowa
407 posts
Posted by Oowa > 2018-08-02 23:09 | Report Abuse
Well it's coming along quite well, things are moving, it seems like the beginning of a success story.