Inno should keep buying and buy more else it is not so good news. by now they should know what's the gold production for next quarter. 100kg, 200kg or 300kg? Wkat's so difficult to count. Just borrow a weighing machine from a vegetable seller will know the approx weight alrteady.
If only Moon can find the time to blog here more often. I'm sure, besides myself, there are many readers here who appreciate and enjoy his insights in the corporate world.
To those interested in Goreng counters. Go for EDUSPEC (0107). Those who goreng TANCO (from 6 sen to 60+ sen over 3 years) and CFM (from 25sen to RM2+ over 3 years) are now actively in EDUSPEC.
It is believed that DL and gang are striking back and will not compromise to the proposed settlement offered by the incumbent management. From day 1, the incumbent management already knows they have been in the wrong for use of the trespassed land.
cicakman Moon Why Buncit court case quiet? You heard anythings from your slide?
If you wish to submit an injunction or letter of demand, it is immediate, because that comes from the legal office, straightforward issue , they get the fee for the preparation process based on templates, so easy money: with the letter completed, they convey it to the affected party. But if ensuing response or resolution or settlement, aside court intervention, among parties, then lawyers will submit to relevant courts for initial hearing. Its only 3 months since this whole episode started. Let me give an unrelated but reliably true example, based on many of my experiences: I have submitted many land ownership and inheritance application for initial hearing to "Pusaka Kecil" sessions court, and their professed charter is they will inform date of hearing within 6 months. Nay: it will be 9 months to a year, only then you obtain the date of hearing. and if parties are not in agreement during the first hearing, then the whole episode of haggling will go through many days in court. from one court date to another is about 3 to 4 months. So, expectations of court resolution in simple cases such as these will take about 2 to 3 years. Another example just to show how legal processes work much slower than the snail or sloth ( go look up what a sloth is if you are unsure): You have a missing relative that you want to confirm as deceased: police report+ lawyer submission+ investigative and confirmatory period + court decision+ issuance of report: 3-4 years.
About Buncits case: this will be heard at the high court. In all probability, the first sitting might happen early next year. And not to forget, Buncit has multiple cases, especially breach of fiduciary duty. If they keep on fighting and arguing in court to and fro, 5 years minimum. All these legal cases will not affect operations, becos companies have their legal experts to drag cases like sheet, if they have to. But Buncit will have to fork out from his pocket for legal services. So who is under pressure now? That is why on matters of injunction or at the junction or under the junction or over the junction, it does not matter. The case is going to court. If drag on for 5 years, imagine the legal fees running in the millions, and Buncit is defendant against those Kretam Raiders who have proof of substance to nail him for breach of fiduciary duties. Kretam will not pay Buncit a single cent, until a court decision is derived. And BTW, court decision and enforcement ( to make into effect the court decision) are 2 different processes. If the court decides that Bahvest has to pay compensation to Buncit, not necessary for Bahvest to pay immediately. So if Buncit wants to declare Bahvest insolvent, Brother, the process of litigation goes into Bahvest legal 2.0. How many years more? Your guess is as good as mine? But do you have the patience like Warren Buffet to hold on to a company for more than a decade? Because I am calling your bluff that you do not have Ace of Spades in hand, if you know what i mean.😁😁😁😁
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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....
Income
11,148 posts
Posted by Income > 2023-09-02 13:35 | Report Abuse
BV gld shown for the first time.
https://youtube.com/shorts/V3tANkZA6Ug?si=DihWOUTd-2uPaPnI