Today all SPAC counter moved due to Hibiscus effect. Potential oil in Oman and contract to drill already awarded. Fair value of Hibiscus will be RM5.20 if oil successfully found.
Favorable time for the mngt to acquire QA now. Ringgit appreciated and crude oil price stable. Better do it now before tapering comes into play again. I hope the mngt team is aggressive enough. This is the last train out
personally i dont think CLIQ's price wont be as "spectacular" as Hibiscus because of the QA target is different. i opine fairly for warrant 0.80-1.00 after QA announcement.
The QA will happen in a longer time. I sell now and will be back if drops lower. still holding 270k share mother, and 200k shares wa. Im not abandoning all !!
Don't worry if you holding cliq or sona , both counter will announce QA . The only things is we don't know when. I'm holding both counter share but weightage is more on sona cause it is cheaper. So that i can hold more lots. Either one announce QA both counter will benefit.
guys : im just trading partially, im not abandoning this counter. Previously i wanna hold till QA. now get to know QA will take longer time, might as well trade some, to pay for my Margin interest.
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yamatotrading
387 posts
Posted by yamatotrading > 2013-09-19 23:32 | Report Abuse
must believe that the deal to be secured after MYR surged, or else... bought it expensive, and oil price dropping.. double pain.