if not bcoz of the china export tax issue, some how i think it fly all the way north ad... this make me think the china export tax exemption is picked at the right time when they think Al price is picking up
Alluminium price closed @ USD 1873 per MT on 28th April , up 2.02% ( USD 37 per MT ) 4 days in a row ( 23th,24th, 27th & 28th ) alluminium,s price gained USD 80 per MT ( 22nd's closing price was USD1793 per MT ) after the day AmResearch released report on 22nd April that China abolished export tax on alluminium but without high-lighting only certain specification / sizes will enjoy the tariff cut ( how unprofessional ), the question here is , " Are there any hidden agenda for AmResearch to throw out a half true report on alluminium future market scenario ?
don't get fool by those fund manager... they can just simply came out with research report and let you panic... whoever sold bcz of that new.. sorry to say u will regret soon ..
Lately saw a lot of PMETAL-WC converted into PMETAL. 29.04.2015 : 2,618,100
The conversion came with total cost above the direct purchase into PMETAL. Hence, I expected the (i) coming quarter will declare a dividend based on historical , and (ii) share price tend to above RM3 upon result is out soon.
Nick, I guess no significant impact as PMETAL has signed a PPA with SEB for power purchased. One catalyst in PMETAL is Salamaju Plant3 will start operating in Nov'15; which will increase it's production, revenue and PAT.
The additional power allocation will be made in two stages – the first drawdown of 330MW will start in end-2015, while the remaining 170MW will be drawn down from early-2018 onwards.
Jingweihan, directors/ founder has asked for approval to deal during “closed period” / within 30days before the result is out . He will buy more. I guess.
ivankvs , major shareholder CEO Paul Kon converted approx. 220mil Pmetal loan stock to mother share early this year giving up 6% per annum interest , furthermore , he need to add rm 1.00 or rm 1.10 ( I can't remember the actual conversion rate , plz check ) meaning he n his family gave approx. rm 13mil of interest per year as income but not only that , he needs to throw rm 200+ mil for the conversion , that's show how confident he had in this company .
“Unconfirmed source : Press Metal is only paying a tariff of 10.5 sen per KwH ”
This was covered in the Busy Weekly report i mentioned earlier. They signed a deal for 25 years with the authority. This is one of the reasons why PMetal can maintain a low cost operation compare to other competitor. On top of that, their plant in Sarawak is near to a port indirectly reduce the cost of transportation for exporting.
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....
genesis81
348 posts
Posted by genesis81 > 2015-04-28 21:43 | Report Abuse
fortunebullz, how much u bought and at what price?