Yeah, the water reserves are in the heavy metal and radio-active radon permeated mining pong (pun intended) water in the ex-mining pools. You should have seen the waste from tin-mining (both open caste and dredge) being poured back into the mining pools.
@hng33. Question: So is the fed going to pay for the repairs to the distribution pipes so as to minimise non-revenue water? Or is this issue forgotten?
" PAAB, a Federal Government entity, will take over the water assets and liabilities of RM7.68bil tied to the assets. This will leave the Selangor Government with the ownership of the operations and maintenance of the water assets. "
This is pretty scary, can we trust the state gov for operation and maintenance ? Mining pool water as reserve, no kidding........
I have to trust my amway e-spring to do a good filtering job for me ........
Gov will opt for any kinds of replacement, regardless. Lynas is a good example. I am not surprise with mine pool water. Be ready with all the surprises by gov.
El Nino's dry weather already started in Ipoh, Perak where I am currently a refugee from Khalid's mining pong (pun intended, it literally smells!) water which he is determined to feed to KL and Selangor! There was no rain here for over two weeks now!
Hng33 if kps n puncak after dispose the water business to sel gov . If kps n puncak they both go in to plantation sector n not declared special dividend . Then the share price will drop or not ?
hng33, how come KPS get so little from Splash ? According to the report, as of end of last year, Splash net assets are worth 2,271,080,000. 30% is 681k, no ? Bad deal, huh ?
i'm telling you all to "cabut" b'cos i experienced one time before that i cabut too late hoping everytime to rebound but end up close lower each day and stuck inside it. Lost all my profit that i make when reach sky high. The lesson i learn is not to be greedy. if make money, take profit.
This is not instigate. This is based on my real experience. You don;t want to cabut and still listening to fundamental story, it is up to you all. It may rebound but that it just based on hope. The hope may turn against you. Warren Buffet rule #1 : Don;t lose your money or capital
and if you ask me, with markets so bloody high at this point....its good to get CASH......with cash, KPS can buy some other biz cheap cheap when market crashes...if they dun buy before it crashes, that is :P
KPS value will shoot up to 2.50 per share when everything is done and dusted. Better to buy and keep at current price. Make about 80cts per share in few mothe time.
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upsidedown119
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Posted by upsidedown119 > 2014-06-24 11:00 | Report Abuse
Yeah, the water reserves are in the heavy metal and radio-active radon permeated mining pong (pun intended) water in the ex-mining pools. You should have seen the waste from tin-mining (both open caste and dredge) being poured back into the mining pools.