Based on Bahvest assumptions no me..1. 1200 tonnes of ore processed daily 2. Ave gold grade at 2.72 gram/tonne 3. Ave cost of production at usd350/tonne. BAHVEST expected to produce 3260grams of gold Daily.
Pity the owners and management defending the price at RM1 by selling 'cheap'. Dont worry a bit more to go until 3pm then bonus share meeting already :) Haha !!
With the Bonus Issue approved this afternoon, now the Ex-date will be announced before month end,i.e. these few days. Good time to accumulate more at RM1.00.
Super bad result !!! Massive losses of RM4 million + this quarter. Lousy management. All should resign !!! No shame :( monthly production also lower. Dissapointing !! As usual 0 dividends and worst than keeping money in FD !!! More than 5 years 0 dividends !!! Wtf
Apa hal Vincent? Kena trap? Baik u cut Monday. Lepastu u gi carik high div stock ok? Growth stock memang takda dividen. Mungkin bila stockni sampai 5ringgit baru disorang bayar div. Tak perlu wtf skarang. Tapi fyi ni July - Sept qtr results. only the first 8 kg produced accounted-bah.. Oct - dec qtr belum lagi tapi dah ada 36 kg so tunggu tambah dec ja.
And you are wrong about the gold production figures, plz check properly, month of Aug 2018 is 6.46KG then month of Sept is 23.69KG. Which stated is the QR total for Q2 gold production is 30.1KG.
Then followed by Oct 2018 is 12.96KG, which will be counted under Q3 and shall be announce around end Feb 2019.
So you have mixed up what "only 8kg accounted and what 36kg oct - dec...", you are a joke la fren.
Plz read the qr in details, the management decided to sold the Aug month gold production and generated revenue RM1.027 mil; but kept the 23.69KG was kept under inventories.
(A) THE MAIN REASON OF THIS QR MAKING LOSSES, also stated in the qr : "The mining operations recorded a revenue and gross loss of RM1.027 million and RM3.346 million..... was mainly attributed to non- productive direct production cost incurred during the commissioning stage, higher depreciation as a result of the completion of the processing plant in previous quarter and also due to the low production as explained above."
(B) CONLUSION : 1. Q2 report making losses because of the mining plant to commission and completion.
2. Low production stated in qr : "yet to start drilling and mining of the sulphide ore at the identified mining site."
3. Bahvest currently have inventories of 23.7kg est value of $3.8m of revenue to bring forward to under Q3 or Q4.
4. Assume mining operation generate monthly +-30kg per month, by the end of Q4 (Oct - March 2019) will have 200kg (assume lower), revenue conservatively will have $ 30m (est. 200kg gold production for this 6mth, with assumption gold price usd $1220+-, which is relatively a low gold price).
The next coming full year also assume the same, revenue annually shall shot up to +-$50 to $60 mil !!!! (with est 300kg - 400kg annual production).
Bahvest past qr record showing that annually their revenue ranging around <20m (annually). So, you guys decide whether this current latest released Q2 report is good or bad ?
IF YOU GUYS DO NOT KNOW HOW TO READ QR, PLZ DO NOT SHIT AROUND. THANKS.
Hero66 so fierce ah. But what you said makes sense. Bahvest future in gold mining all planned out by owners. Maybe insiders can help us see owners' future plans.
Hero, I tak salah-bah. Aug is 8kg tu gold dore bar (6.4kg nett) accounted as revenue for July - sept qtr.
Sept is 23 kg held back as inventory (not sold therefore not revenue) + the latest Oct is 13kg = 36 kg + whatever the December kg shld then be revenue for current oct - dec qtr.
Kecuali diaorang hold back lagi tak nak jual...
Projection tu semua u buat sendiri ok. Nanti Vincent marah lagi.
Tapi utk I, semua ni -apa cakap om puteh- ialah ‘small potatoes’ sb semua ni skg top soil ‘waste’. Tapi good luck jugak sb waste pun dah ada gold. You patut tanya-lah bila diaorang nak sampai tu quartz vein...
Chart Ta showing weakness, will retrace to +-0.915. And if this support still not manage to hold on, most probably will reverse all its way to 0.875/0.81. Even after split, i dont think is a good thing, will dilute and even much much harder to climb up
Not true. Short term might drop a bit then surely all the "good news" will come. Ive seen this counter for donkey years. Too predictable d. Otherwise why the owners spend so much to do bonus shares. Better just leave it like this. Simple explaination... do U think its easier to push RM1 to RM2 or with bonus shares 50 sen to RM1. Both will give the same result but 50 sen to RM1 is easier to push. And as usual the donkeys will buy at RM1. And the whole cycle will start again. People getting trapped and owners selling and laughing at the idiots :)
i just fk hate this company management, i really hate them. Keep manipulate the shares price but knowing not to attract those big funds institution and fund manager, and also not increase mining efficiency. Nowadays really hard to find companies like QL, topglove, dufu.... just do what they supposed to do, simple.
Collected some today :) bahvest 45 sen free warrant at 25 sen. Super confusing calculations thanks to bahvest management makes bahvest at RM1.15 !!! Still a bit expensive but has dropped quite a lot from bahvest RM1.45 and free warrants around RM1.10 making bahvest RM2.00 !!! So now it has dropped around 40+ % Can start to collect slowly and buy more if drop further. Make sure U have holding power to at least June 2019 and good chance will double !!! Cheers people :)
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....
karheng123
37 posts
Posted by karheng123 > 2018-11-19 20:38 | Report Abuse
tmr ...but tmr holiday so postponed