Further to the Company’s announcement on 6 March 2024, the Board of Directors of the Company is pleased to announce that Jayamas Mining Sdn Bhd (“JMSB”) and Spate Precious Metals Sdn Bhd had notified the Company today that the Jabatan Alam Sekitar Kelantan i.e. the Kelantan State Department of Environment had, vide its letter dated 18 April 2024, stated that they have no objection to the implementation of the environmental management plan submitted for the proposed operation of the heap leach and carbon-in-leach gold beneficiation plants.
The Company is currently pending the hard rock operation mining scheme (“OMS”) approval from the Kelantan State Department of Mineral and Geoscience. Barring any unforeseen circumstance, the Company target to commence commercial production by third quarter of 2024.
Over the past 6 months gold prices have gone up by 18%. How have the Bursa gold related companies performed?
The top chart shows the share price gain for the 4 Bursa companies with gold-related businesses. The bottom chart shows that maybe there is still some potential for gold price to go higher. https://i.postimg.cc/s2jg2mGx/Gold-vs-Bursa-gold-proxy.png You can see that except for Niche Capital Emas, the other 3 have outperformed gold and the KLCI. What does this mean for the investor?
• You can of course interpret that Niche Capital Emas and Poh Kong share price has yet to catch up.
• You can also conclude that when gold price goes up, the share price of these companies go up much higher.
NICHE has no basis of Gold... that why every quarter making losses...look at Gold price....very very very high profit....But NICHE not moving much!!!!!!!!!
see their ceo comment, lisence will be obtains VERY SOON. then can start mining, nice 100m market cap while bahvest 800m, BUT NICE HAS LARGER LEASE MINING AREA THAN BAHVEST. can look at their JORC geology report in their website. RM1.50 NICE!!
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....
maggiemee
2,101 posts
Posted by maggiemee > 2024-04-12 16:41 | Report Abuse
Here got a lot scammer