Posted by pauskecik > Nov 19, 2015 11:39 AM | Report Abuse
Who's dumping pls stop dump...no more cash to collect...40 footer trailler full bucket already...nearly become director already.. =======================================================
RI 1:1 confirm have ppl subscribe To meet the minimum subscription level, HWGB has obtained an irrevocable written undertaking from its major shareholder, Kintron Holding Sdn Bhd, which currently holds 8.46%, to subscribe for 200 million rights shares. This will result in Kintron holding 32.38%.
If Qtrly result not good, most likely will consolidate back. Trading Vol getting lesser. Still 4 more months to go... quite long also.
RI issue have bigshareholder want to subscribe but main problem is whether have ppl want to push up the price before share Par reduction and how more shares X4?
“The minimum subscription level was determined based on, among others, the funding requirements of HWGB. The board is expected to raise proceeds of approximately RM16mil based on an indicative issue price of eight sen per rights share,” it said in a stock exchange announcement.
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whats the estimated price before ex- par reduction and before Ex-RI? Thats the main concern for investors.
HO WAH GENTING BERHAD Company No: 272923-H (Incorporated In Malaysia) NOTES TO FINANCIAL REPORT FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2015
1 Review of Performance for the third quarter and current financial period to date (continued) Though the total tin concentrates output and revenue were higher as compared to the preceding year’s corresponding period, the Tin Mining Division recorded a higher losses due to increase in mining activities on the site. The Tin Mining Division is now processing the tin ores from a selection of top soil with high grade of tin ore contents while focusing on the top soil removal.
The Group’s Tin Mining Division recorded an increment of tin from a total of **199 metric tons** of tin concentrates had been produced during the current financial period ended 30 September 2015 as compared to its preceding year’s corresponding period output of **34 metric tons** of tin concentrates.
13. Quarterly Updates on Tin Mining Activities
On 10 June 2013, HWG Tin Mining Sdn Bhd (“HWG Tin Mining”) had engaged an external exploration consultancy company to carry out resource estimation works entailing among others, evaluation of historical data, geological evaluation, geological mapping, geophysical survey, review of all existing drill data, design drill and exploration plan, field and surface sampling, laboratory chemical analysis, culminating in a resource estimation report.
The fieldwork was completed on 27 July 2013 and a copy the geological and geophysical report dated 16 August 2013 was issued. The report indicated a rough resource estimation of tin deposits and iron deposits of approximately **44,000 metric tons(tin@usd14,000.00/tonne)** and **29,250,000 metric tons(iron@usd50.00/tonne)** respectively.
The report also recommended HWG Tin Mining to undertake a deep drilling plan to determine the essential features such as the possibility of the ore body continuance, origin and type of the deposit and economic feasibility.
HWG Tin Mining has yet to engage the drilling contractor to do the drilling works as at the latest practicable date of this report.
During the quarter, the Tin Mining Division increased its mining activities on the site. The Tin Mining Division is now processing the tin ores from a selection of top soil with high grade of tin ore contents while focusing on the top soil removal.
44,000 metric tons tin@usd14,000.00/tonne = 44k*usd14k=usd616mil*Rm4.00 =rm2.464b note tin price is low now but if reach back to usd20k/tonne...??
and **29,250,000 metric tons iron@usd50.00/tonne =29.25m*usd50.00 =usd1,462,000,000.00*rm4.00 =rm5,848,000,000.00 or 5.8b
i don't know if my calculation is correct due to too many zero??
this is the mining sector potentials that is not fully running at maximize productions!!!
& if they undertake a deep drilling plan to determine the essential features such as the possibility of the ore body continuance, origin and type of the deposit and economic feasibility...!!! more deposit will be find???
Long term not good, dont waste your time and money on this counter. If you want to goreng then go ahead. I have been holding this counter for a long time and its not worth it.
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....
pauskecik
38 posts
Posted by pauskecik > 2015-11-19 11:39 | Report Abuse
Who's dumping pls stop dump...no more cash to collect...40 footer trailler full bucket already...nearly become director already..