Injunction is futile. When Bahvest is sitting on the trespassed , they are already found to be guilty. Sublease agreement spells out very loud and clear the right of lessor and lessee. Concession is out of the question here. The Big gun behind is said to be furious of the new management of meddling with the affairs they are not supposed to
Due to the negative news today, there has been no movement of internal selling or buying activities since morning .Hence it can be inferred that the demand and supply of this counter shares are internally self- motivated without active participation of other retailers and other investors. Basically, the retailers and other investors have already sidelined this counter.
The fish monger did the right thing by employing Wagner thugs to disrupt Bahvest mining operations. It has actually strengthen Bahvest's injunction application. Come July 17th, the fish monger will have no choice but to sell off entirely Southsea, the concession owner to Bahvest. See if the fish monger dare to go against the injunction. Mining operation will soon start...
Even before the extraction operation starts , the cash stricken Bahvest is required to pay compensation of RM 7 million to southsea , failing which complete shutdown of operation is expected. There is a deadline for injunction. DL is expected to wait till 17th July .It is expected that the said injunction will not be extended following which DL will whack Bahvest hard .
Cicakman, flight in the air just roaming around, cannot land, airport runway full. Just now touchdown. I checked the Gunung Mas middle Kalimantan issue. The article describe there are stacks of gold ore reserves underneath which they mined previously. And this belong to the Dutch at that time. Quite Ok settlement, I am surprised because the article say population there is about 120.000. I think if we got money, brave and a strong heart, places like that got plenty of opportunities to cari makan lah. They welcome outsiders? Hospitable place or not meaning electricity, water, communications?
Communucations wise they use repeaters for every receiveable distance. As long can give them daily good income are welcomes but bosses a must from their ppls. Food from rivers ,lakes and jungle are fresh.Use generators but in future can use solar.Water are clean river water however we drink Bottle Aqua only. Unlike Sumsel we drink rain water only cz there air hutan bakau only got.
youarewelcome88 The fish monger is History... He has buried himself. I am sorry for you
Fish Monger has not seen yet LOD (Letter of Demand) which is on the way to his table: Plant equipment damages in lieu of intended malice to destroy property, and plant temporary impairment causing lost production and thus lost income generation. Equipment 1.5 M, Impairment causing lost income: RM 0.5 M per day x 14 days = RM 7 mil. Bahvest demand for reimbursement : 6 Mil Total Fishmonger to raise: RM 14.5 M
If like this, Fishmonger better run to the land with pygmy elephants to repent and do animal welfare care-taking.
Those counter claims are subject to be challenged to be determined by the court at the later stage , which could not be used to offset against the confirmed compensation of RM 7 M . Bahvest must pay 1st before the counter claims are to be heard at different intervals.
@moonslayer274... You are very right. I find the new management have been very patient with him. He is creating too much troubles instead. Couldn't accept the Withdrawal Syndrome, maybe...
IlmuKhodam RT: BRICS is set to introduce,,,,,,, Bro, Ruble and Yuan become Taiko, because they hold gold reserves. US will switch off their minting machine, because their US dollar will be devalued to god knows what level. In five years time USD /RGT relationship will be upside down. And and....... Bahvest will be an institutional stock backed by Bank Negara. 😁😁😁 Could this happen Bro? I am only layman, not knowing much about currency.
So far no news bro. With this Madani Gamen, File on MACC table now maybe stacked up to height of 1 floor. Buncit still court cluster, so far no judgement yet giving his pending case NFA. Time will tell. Terus terang cerita la, ini Buncit tak ada standard as MD or CEO. Lebih baik dia jadi politician saja.
@moonslayer274... Apart from what you have stated earlier on the damages, my hope is after July 17th, Bahvest will proceed with the legal actions to recover the RM20.4 millions from the fish monger... I find the payment illegal
@youarewelcome88, I think Fishmonger was not paid 20.4 mil, according to his initial knee jerk demand to scare Kretam Iceman. They sat down and reset the condition to a non claimable deposit of 13 mil, as terms to enter into further negotiations. The first tranche paid was the 6mil, which Bahvest wants to recover from fishmonger. Fishmonger can only create difficulties through rough+tough measures. To undertake a corporate raid, no way, He sold due to margin call and now wants to buy higher, well he is an Ah beng indeed, if that is the case. Most probably, he is still in contention because forum members are breathing life into him, whereas in reality he has already lost the plot. Bro, itu orang got no talent or skill to be a corporate player. Best he join Bung Mukhtar, and become his PA and carry Bung's luggage when they travel together.
cicakman This buncit really bus stop. Sent him to interior Kalimantan to dig gold down there and stay wth dayak tribes.
Betul Bro. Mana dia ada facility +asset + manpower sekarang nak korek. Dia bikin kerja satu orang ma, bawa cangkul dan spade dan pail of water and dulang.
To enter into further negotiation , full deposit of RM 13 M must be paid as a prerequisite condition. Any shortfall or partial payment will jeopardise the nego. RM 6 M is still falling short of RM 13M. RM 7 M must be paid before any nego process can be proceeded otherwise more lawsuits will be entertained.
It is learnt that other significant shareholders of Bahvest are losing patience and unhappy with the new management for their inability to address the crux of the issues to get the operation started in a smooth manner. The new management is said to jeopardise the interests of other shareholders with their vengeful and insidious approaches
Cicakman, if you watch Buncit bagi statement pada video which KK7198 uploaded yesterday, Aiyoo, hello Sabah no other better MD kah? Seperti the late Samy Vellu mentioned, Buncit adalah satu Kemaluan besar untuk negeri Sabah.😁😁😁
Wow, surprising, nobody posting this positive news. Normally I will be the last to know. And usually news like this will be posted immediately when issued at bursa portal. Why,everybody already deserted this company. No one now believing in this Co? Woi, what's happening? 😄😄😄 a snippet of the report: the Board of Directors are delighted to announce that the Group’s gold mining and processing operations have been resumed smoothly as of 6 July 2023, after the damaged water reservoir bund wall was fully restored.
@moonslayer274... If you read the news yesterday, Wagner thugs were actually placed at entry points leading to the so-called trespassed land. With the injunction, the Wagner guard posts were brought down. The new management are doing Great job in getting Bahvest digging again
The year 2023 will be inscribed in permanent memory, where the supporters of Bahvest will witness it winning the Grammy Award easily by runaway votes, hands down, as the Company with the most drama unfolding making it the best suspense thriller company in Bursa. Needles to say, those incidents unraveled since end May till Mid July are enough to throw you off your seat, if you are not harnessed by your seat belt. From here on till 31 Dec. I wonder what next. Only God Knows! And how are things being tackled and managed by Kretam Iceman and Assassins: Excellence beyond par! Well is Bahvest not the Gift of God? 😎😁
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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....
kk7198
2,483 posts
Posted by kk7198 > 2023-07-05 23:20 | Report Abuse
moonslayer274, indeed, that's y life is exciting. I like this phrase....we live to fight another battle another day.