Posted by kk7198 > 2023-05-17 17:45 | Report Abuse

Brace for end of the month QR.

Posted by nicholas99 > 2023-05-17 17:47 | Report Abuse

now if FL come out and state commitment. price will be stable and maybe fly a bit. not sure if he wants to hold more percentage and take bigger role.

Posted by field123 > 2023-05-17 17:49 | Report Abuse

ask sabah government buy share and join the game also.....then government no need scare the gold will be steal.....

Posted by nicholas99 > 2023-05-17 17:50 | Report Abuse

CEO masuk jail also is gossip ka? lol he ready cuci punggung masuk jail.

Posted by nicholas99 > 2023-05-17 17:50 | Report Abuse

but sabah government not stable..keep change umno keep change ph.. hard also. need to see the government how.

Posted by supersaiyan3 > 2023-05-17 17:50 | Report Abuse

Wow, if real then can buy? This shows it could be profitable?

Posted by paulthesotong > 2023-05-17 17:51 | Report Abuse

Fascinating article.

https://www.goldavenue.com/en/blog/newsletter-precious-metals-spotlight/the-biggest-gold-mining-scandal-in-history

Posted by nicholas99 > 2023-05-17 17:51 | Report Abuse

gold make ceo lost his mind..

Posted by nicholas99 > 2023-05-17 17:53 | Report Abuse

whether profitable or not depends on many things. whether we can get DL to cancel the 20mil claim and get back the money from him. he is unlikely will admit it. because he admits = go to jail. at this stage, I don't think buyer will buy more too. maybe wait 3 days after and see what happened to DL.

Posted by moonslayer274 > 2023-05-17 17:57 | Report Abuse

kk7198
Brace for end of the month QR.
In all probability, the current price might have factored in the possibly dismal upcoming Q results. But this is just short term noise. In the medium term, this Co has goodwill and with good governance and management the future upward re-rating is anybody's guess.

Posted by Bullballs > 2023-05-17 17:58 | Report Abuse

Haha Korek King, didn't know you would go to jail sooner than I think. Good riddance. Next the SC will come for your arse.

Posted by cicakman > 2023-05-17 18:01 | Report Abuse

In court, mengaku tidak bersalah...it will takes long long times
Later everybody cari makan pun kena.
See you in court if not enough affidavit ,habis .

Posted by youarewelcome88 > 2023-05-17 18:15 | Report Abuse

It's underdeclaration & Sabah government got cheated by RM1.25 million. Sabah politics, I would say. Next question, What will the current government Hajiji do? Revoke the concessions? What's the effect on Bahvest?

Posted by Jack Khan > 2023-05-17 18:59 | Report Abuse

https://www.bharian.com.my/berita/nasional/2023/05/1102370/jual-emas-rm25-juta-6-individu-termasuk-datuk-direman-3-hari For those who have not yet read the news

Posted by field123 > 2023-05-17 19:05 | Report Abuse

I just want to know will DL dare to come Egm anot hehe ......

Posted by joyvest > 2023-05-17 19:15 | Report Abuse

Predecessor fault of deliberate omission but the compsny need to account for the shortfall,I am Afraid.

Posted by teareader818 > 2023-05-17 19:38 | Report Abuse

From the very beginning, DL and his cahoots planned to defraud the company and shareholders by building the factory on Southsea land. They could do what they wanted as it was on private land and trespassers could be prosecuted for unauthorized entry. I hope that the company is able to sue them for their misdeeds.

Posted by rohank71 > 2023-05-17 19:43 | Report Abuse

DL assets including his shares will be frozen. FL has polical connections to lobby state and get back all concession into Bahvest.

Posted by rohank71 > 2023-05-17 19:45 | Report Abuse

no wonder they sell fast to take money out of system. the justification of curi enas will b the land is owned by DL... DL and BOD members will pass in parts now after 3 days in remabd

Posted by rohank71 > 2023-05-17 19:45 | Report Abuse

they rather give up and run away and enjoy life with their money. or else be in Jail.

Posted by rohank71 > 2023-05-17 19:46 | Report Abuse

free ride for FL

Posted by cg14134 > 2023-05-17 19:49 | Report Abuse

I am sure the entire BOD is in trouble, but I am not so sure whether Bahvest has been a con job since the very beginning. If proven so by forensic audit, I am afraid to make any forecast of the share price.

Posted by Bullballs > 2023-05-17 19:50 | Report Abuse

No wonder Korek King & sons & associates dumped their shares in the market and took out whatever money from the company. Probably get ready to run.

Posted by LMN9997 > 2023-05-17 19:51 | Report Abuse

https://www.thestar.com.my/news/nation/2023/05/17/datuk-among-six-remanded-over-cheating-sabah-govt-of-gold-royalty

Posted by Bullballs > 2023-05-17 20:05 | Report Abuse

When Korek King goes to jail he can make full use of his korek skills to korek a tunnel out.

Posted by vivabursa > 2023-05-17 20:06 | Report Abuse

25m stolen from Bahvest and 1.25m to pay back state gov. obviously new shareholder and directors will act wise for the benefits of all

Posted by Bullballs > 2023-05-17 20:10 | Report Abuse

Best case scenario is the state govt withdraw the lease from South Seas cos of fraud and then reward the lease to Bahvest under the new management.

Posted by field123 > 2023-05-17 20:34 | Report Abuse

Heard that 10% shareholder have some influential in sabah....but not sure how big is it....

Posted by rohank71 > 2023-05-17 20:36 | Report Abuse

FL is too well conceted with Sabah administration... doesn't mater BN or PN or PH or Warisan.

Posted by youarewelcome88 > 2023-05-17 20:51 | Report Abuse

My wild guess... Sabah government revoke the existing concession. New guy will get awarded. It will be up to the new management of Bahvest to negotiate with the new concession owner to be allowed to continue mining. Possible?

Posted by kk7198 > 2023-05-17 20:59 | Report Abuse

No wonder Bahvest is running at a loss. All profit siphoned by Korek King. Damn greedy n has been cheating Shareholders for many years. A low class Datuk, wearing short to lock up.

Posted by Jack Khan > 2023-05-17 20:59 | Report Abuse

New BOD can sue DL and the gang for any money(and gold) siphoned out from bahvest for their own gain. With authority on their back now it make the job easier.
This might even result in Bahvest takeover the southsea gold land. Few thing for sure is Bahvest production will not be halt by any threat from southsea gold as their director itself is under investigation. It is serious because they are remanded for 3 days not invited.

Posted by cicakman > 2023-05-17 21:13 | Report Abuse

Where this buncit keep those money all these years without being trace?

Posted by JuliusCeasar > 2023-05-17 21:16 | Report Abuse

Aiyooo!! Tomorrow look like another drop and below 10C again.

Posted by Bullballs > 2023-05-17 21:18 | Report Abuse

Whoever has the confidence to get the lease will buy as much Bahvest share at this current low price cos no matter how Bahvest is needed to get the gold out of the ground.

Posted by youarewelcome88 > 2023-05-17 21:18 | Report Abuse

@jackkhan...I agree with you that production will not be halted now that this Gang of Six are being investigated. He has been 'tamed' by the law. Even his legal challenge will be withdrawn

Posted by Bullballs > 2023-05-17 21:23 | Report Abuse

With all these dramas one important fact has been established. That is there is enough gold there for everyone if nobody is stealing.

Posted by Jack Khan > 2023-05-17 21:27 | Report Abuse

remand meaning is "The act of sending an accused person back into custody whilst awaiting trial." which mean there will be trial in court after 3 days.

Posted by field123 > 2023-05-17 21:32 | Report Abuse

the new owner no need set up a factory again, they can just acquire bahvest to mine for them...

Posted by Jack Khan > 2023-05-17 21:33 | Report Abuse

agree! maybe more if not for the HIGH cost of sales which drag the profit down!!
Posted by Bullballs > 5 minutes ago | Report Abuse

With all these dramas one important fact has been established. That is there is enough gold there for everyone if nobody is stealing.

Posted by Jack Khan > 2023-05-17 21:53 | Report Abuse

New announcement from bursa!!
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3352596

Posted by birkincollector > 2023-05-17 22:01 | Report Abuse

At least we know wat actually happened. Before all guessing games

Posted by moonslayer274 > 2023-05-17 22:06 | Report Abuse

JuliusCeasar
Aiyooo!! Tomorrow look like another drop and below 10C again.

Dont despair my friend. Within the price dynamics for tomorrow, there might be a temporary fear instilled moments when the market maker test the sentiment from the news coverage to make those faint-hearted release their holdings to him. Based on the previous trading prices, the 12 sen level was being protected like crazy. So no way will the market maker let the price linger too long below 12 sen which might allow others to buy below his bulk collecting price. In fact the news was released before the 2nd session today, i think at 2pm, yet there was no panic selling. Even if pampers wearing DL wants to shit out his balance 40 million shares tomorrow at one go, the market maker is prepared, judging by the way how they absorbed the over hundred million shares on previous trading days.
Sayonara DL and enjoy roti canai and menu rahmah in seclusion for some parts of your remaining life span. Karma indeed.

Posted by Masin > 2023-05-17 22:12 | Report Abuse

I googled Frederick Chong and found that he owns many penny stocks. That does not reflect a saviour to an already troubled company.

Posted by moonslayer274 > 2023-05-17 22:25 | Report Abuse

BTW, Anyone knows what is the position to be assumed by Kretam Iceman, FL, in the scheme of things, once the dust has settled?

Posted by Muyutin > 2023-05-17 23:07 | Report Abuse

謝天謝地
我浪費了五年
天有眼
你們這班動物進去動物園吧

Posted by fl888 > 2023-05-17 23:11 | Report Abuse

DL and cronies will have their shares and bank accounts temporarily frozen by the relevant authorities tomorrow…

Posted by kk7198 > 2023-05-17 23:11 | Report Abuse

Well said, Muyutin.

Posted by nicholas99 > 2023-05-18 00:01 | Report Abuse

Yes DL use bahvest and southsea korek gold.. no give income to government. Sure license gone already. Maybe it's best to award it to bahvest under new management.

Posted by nicholas99 > 2023-05-18 00:02 | Report Abuse

Like I said earlier. dL better sell fast and run to Philippines. Now is too late for him.