Posted by Pandu1 > 5 days ago | Report Abuse

As i told b4, AM will reach 4 sen. As per Mib, the Ask vol @ 4 sen is 53 mln n Bid @3.5 sen is 107 mln. Vol is 21 mln. Trade summary wt 3.7mln bid @ 4sen, 13.7mln @3.5sen. Ask 3.7mln. tayor

Posted by Pandu1 > 5 days ago | Report Abuse

To my opinion, with good coming fin reports in long term
it will shoot up. Sky is the limit.

Posted by MamakKutty > 5 days ago | Report Abuse

sor.hi

Posted by Robert Waters > 5 days ago | Report Abuse

Earnings are NOT a factor for company in distress about to be delisted from bursa. They need any of below to prevent it:
• Settlement of debts with creditors
• Reduction of capital to cancel accumulated losses
• Onboarding of new investors (white knights) via issuance of new shares
• Sale of assets
• Issuance of free warrants and right shares to retain old investors
• Establishment of an Employees Share Scheme (ESS)

Posted by axe123 > 5 days ago | Report Abuse

those who bought at 3.5 cents get out while you still can

Posted by Pandu1 > 5 days ago | Report Abuse

Robert Waters
Issuance of free warrants and right shares to retain old investors.
Thats proposal Bornoil n not AM.

Posted by Pandu1 > 5 days ago | Report Abuse

axe123. So that u can buy?

Posted by rageagainstmachine > 5 days ago | Report Abuse

I feel sorry for this company. As I recall, there was no announcement from them securing new project in year 2023. And we are in the 3rd quarter of 2024, there is still no announcement of new major project secured. To deduce, no new project means no new big income. No big income means no big profit. Sure, they are recording profits in the recent three quarters but they, like other companies, have huge debts as well. In conclusion, with no major projects secured plus having huge debts around is just a recipe for disaster. Just my 1 cent….

Posted by bullrun168 > 5 days ago | Report Abuse

axe123, i will only consider to unload it when it's price is 15 cents and above which all i was bought it at the price of 0.025 around 2 year ago...

Posted by bullrun168 > 5 days ago | Report Abuse

And i strongly believe that Creditor meeting on 26th July 2024 will be a positive developments which is a good path for Alam to exit from PN17 and start from today strong buying power of 4 cents seems already shows that a lot of the inisiders already knowing Alam's strong financial position that's why they all sailang now all their belongings till underwear to buy-in Alam's shares !

Heng ah, Ong ah, Huat ah !

Posted by axe123 > 5 days ago | Report Abuse

bro been eyeing on that porche i see for 15 cents

Posted by Robert Waters > 5 days ago | Report Abuse

There is NO strong buying. I see that one trader got about 100 mln shares at 3 to 3.5 sen. Now he tries to unload it at 4 sen. The problem is that there is no catalyst for price increase, except his buying.
Creditor Meeting is not a positive. It is a sign of distress. Most investors prefer companies without wind up petitions in the courts and without PN17 classification.

Posted by MamakKutty > 4 days ago | Report Abuse

SKL

Posted by axe123 > 3 days ago | Report Abuse

can 4 cents be a strong support? with a good catalyst it might breakout even

Posted by Robert Waters > 3 days ago | Report Abuse

Buying has stopped as of today and Alam is trading at 3.5 sen.
So in my opinion 4 sen is in fact a ceiling, not a support. Counter never went past 4. Contratulations to those who sold at 4. I managed to sell small amount in pre-market.

Posted by Pandu1 > 3 days ago | Report Abuse

Pivot Classic Fibonacci Camarilla Woodie DM
S3 0.028 0.033 0.039 0.033 —
S2 0.033 0.035 0.039 0.034 —
S1 0.037 0.036 0.040 0.038 0.038
P 0.038 0.038 0.038 0.039 0.039
R1 0.042 0.040 0.040 0.043 0.043
R2 0.043 0.041 0.041 0.044 —
R3 0.048 0.043 0.041 0.048

Posted by axe123 > 3 days ago | Report Abuse

still at 4 cent brader

Posted by Pandu1 > 3 days ago | Report Abuse

Bought 1.9million @ 4 sen today

Posted by Pandu1 > 3 days ago | Report Abuse

Sky is d limit lo. Welcome 10 sen ~ 20sen

Posted by Pandu1 > 3 days ago | Report Abuse

bullrun168. 👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍

Posted by Pandu1 > 3 days ago | Report Abuse

Heng ah, Ong ah, Huat ah !

Posted by Pandu1 > 3 days ago | Report Abuse

Sold only 100,000 ma. Meaning most investors holding ma for d free warrants

Posted by Pandu1 > 3 days ago | Report Abuse

Alam Maritim forms consortium to explore upstream O&G and subsea opportunities in Malaysia and Southeast Asia
By Izzul Ikram / theedgemarkets.com
04 Jan 2023, 06:49 pm
Updated - 07:55 pm

Posted by Pandu1 > 3 days ago | Report Abuse

Pls read d above in google. Tayor

Posted by bullrun168 > 3 days ago | Report Abuse

Pandu1, Alam got announce want to give free warrants meh?
When is the news ? Today ?

Posted by Pandu1 > 3 days ago | Report Abuse

7036 BORNOIL BORNEO OIL BHD
MULTIPLE PROPOSALS
MULTIPLE PROPOSALS
BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY")I. PROPOSED BONUS ISSUE OF
WARRANTS;II. PROPOSED TERMINATION OF EXISTING ESOS; ANDIII.
PROPOSED NEW ESOS(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

19/07/2024 05:01 PM


Ref Code: 202407193000059
Sorry. Its Bornoil

Posted by Pandu1 > 3 days ago | Report Abuse

Just proposal.

Posted by Pandu1 > 3 days ago | Report Abuse

Robert Waters
Issuance of free warrants and right shares to retain old investors.
Thats proposal Bornoil n not AM.
Robert Waters mentioned d free warrants n i corrected him. Now i also got confused.

Posted by zenbeginner > 2 days ago | Report Abuse

Pandu1, have not heard any projects won also...


Pandu1

Alam Maritim forms consortium to explore upstream O&G and subsea opportunities in Malaysia and Southeast Asia
By Izzul Ikram / theedgemarkets.com
04 Jan 2023, 06:49 pm
Updated - 07:55 pm

18 hours ago

Posted by Robert Waters > 2 days ago | Report Abuse

So, the bottom line is:
1. Alam Maritim is NOT issuing any warrants. Borneo Oil is.
2. There is NO new contract or project for AM.
3. Creditor meeting is scheduled. If 25% of creditors do not agree to 'haircut of the debt' the company will be wound up and shares become worthless. Creditors will divide assets of the company between themselves.

Posted by khoomingjau > 2 days ago | Report Abuse

Runrunrun

Posted by rageagainstmachine > 9 hours ago | Report Abuse

Reference is made to the Company’s announcements dated 4 January 2023.


The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") (“Board”) wishes to announce that the MOU dated 22 December 2022 entered between the Company, SAFEEN Survey and Subsea Services and MCS Group has been mutually terminated with effect from 2 May 2023.


The termination of the MOU is not expected to have any material effects on the issued share capital and substantial shareholders’ shareholdings of the Company, as well as the net assets, gearing, earnings and earnings per share of the Company.


The announcement is dated 3 May 2023.