yes , bet on the capabilities of the people who manage the business . FL & his generals ( someone called them assassins ) . no doubt they are new to the gold mining business . But the benchmark set by old operators were too low.
if you recall someone was stopped at kk aiport ( or tawau ) 2 weeks ago to carry 110kg of gold otw to KL . that’s higher than the 85kg inventory ( valued at 30m in balance sheet ) .if production is normal like qtr 1 then qtr 2 can be better
no news on termination of SS concession . i think it’s not so simple as it involves powerful warlords behind the scenes. Just leave to the powers to be manage this .
if the 85kg is sold then the profits would be more than 40million and if production of gold remains the same or higher for the next quater then it would be another 40million of profits. That's a lot of money of a third rate company.
What's the intention of not selling the gold and show higher profits? Pressing down the price so that insiders can accumulate more as their current holdings is still relatively small.
How long can these people maintain to be low cost mining company and producer of gold? Perhaps they are the most efficient miner in the world? A company with a NOSH of 1.2 bil only intending to declare revenues of 19 mil? And they sacrificed their cash position to about 2 mil so as to maintain an inventory of 30 mil, equivalent to 85 kg gold not sold. With gold density taken into account, that weight of gold is only about 5 liters. Overnight a heist job to steal a 5 liter gold can leave the company high and dry with management crying and banging their heads to the wall. The company can be put into lots of difficulty. Hello just what sort of management practices has these people learned previously? Please don't tell me this people are practicing the cavemen management practices.
Thank you Joviwong for taking the initiative to inquire. Do let us know the reply from them. Maybe the license issue is played up by Kretam Assassin and not Korek King with the intention of getting the whole mining lease instead of just the license.
u pikir diaorang simpan inventori bawah katil , bawah meja , dalam tangki tandas ke? buduh. u ada biznes tiada insuran ke? buduh. klu macam ni, stud farms jugak boleh tutup kedai bah. All that inventori in their balls swinging freely in the pasture. Imagine klu kena culik.. buduh.
"u pikir diaorang simpan inventori bawah katil , bawah meja , dalam tangki tandas ke? buduh. u ada biznes tiada insuran ke? buduh. klu macam ni, stud farms jugak boleh tutup kedai bah. All that inventori in their balls swinging freely in the pasture. Imagine klu kena culik.. buduh."
No more cliff hanger S-dramas, less movement lor...those BV screenwriters don't have inspirations yet to create better storyline unlike last year's when some allegedly Dracula's Dato titled goon went up to smash the water catchment area at the mine. The resulting scare was a small windfall to me when everybody ran and I bought in...
The only reason I can think of is they are of the view that the price of gold will climb the next 2 years... Yes, turning themselves into a Commodity trader or speculator
I have been monitoring it for some time. But now not the time yet. Im interested in its warrant. Let it consolidate for few more days/weeks first. Sellers still many. @moon successful promote minetech in BV.
@welcome, perlu masa lagi. Tunggu semua short term traders tukar tangan ke long term traders. Kita tunggu di tepi. Bila api mula bakar, kita baru kipas.
@choop, NICE is a potential counter. If im not wrong, largest mining area in Malaysia. Wait they obtain whatever hardrock mining or open area mining license, their full potential will unleash. One of the counter i will all in if Puding go nerd.
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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....
youarewelcome88
1,390 posts
Posted by youarewelcome88 > 2024-02-27 20:40 | Report Abuse
@Zazzyy... Was expecting lower production output due to the seasonal wet weather. Confirm then the Goldfish monger is hiStory now...