Posted by kenlfo > 2014-06-05 16:18 | Report Abuse

attractive price now...can collect at 0.29...

Posted by abdulrahim > 2014-06-05 16:20 | Report Abuse

its all about contra... no easy money...

Posted by derrickinvestor > 2014-06-05 16:45 | Report Abuse

Oops how come drop since already sign...

Posted by Livinia > 2014-06-05 16:47 | Report Abuse

syndicate play. This syndicate very aggressive not like cliq, very weak.

Posted by derrickinvestor > 2014-06-05 16:51 | Report Abuse

Run.... Cut losss big ipo become more careless in finance....

Posted by derrickinvestor > 2014-06-05 17:07 | Report Abuse

cut loss now and wait till it drop bottom then only buy back

Posted by abdulrahim > 2014-06-05 18:48 | Report Abuse

Derrickinvestor is contra player

Posted by derrickinvestor > 2014-06-05 21:25 | Report Abuse

ya.... lost a lot in sona wa....

Posted by powerwk > 2014-06-06 01:15 | Report Abuse

for contra and short term have to cut loss because their funding or cash is very limited they have to keep switch and rolling the cash. If you are not the contra player then you have more options; hold; sell; sell half and etc is all up to you.

I personally advice you to keep if you have the power to hold. At least give yourself a chance to see more details what will happen later even the QA is firm and no one know yet what the revenue and profit of the acquisition once they sign and firm deal.

Remember this is just the beginning and NOT REALLY done yet!!!

Posted by rais > 2014-06-06 08:58 | Report Abuse

I think it is good stuff based on the LSE reports. Here is what they release. I think should add more lol


5 June 2014

Salamander Energy plc
("Salamander" or the "Group")

Agreement to Sell 40% Stake in Greater Bualuang Area

Non-Binding Heads of Agreement ("HoA") with SONA Petroleum Berhad ("SONA")
Salamander is pleased to announce that it has signed a non-binding HoA with SONA to sell an effective 40% working interest in both the B8/38 concession (containing the Bualuang Field) and the surrounding G4/50 concession for a total cash consideration of US$280 million (together the "Transaction").
Under the terms of the Transaction:
· SONA will pay Salamander US$250 million for a 40% effective interest in the B8/38 concession
· SONA will pay Salamander US$30 million for a 40% effective interest in the G4/50 exploration
concession
· Salamander will carry SONA's costs associated with the drilling of two exploration wells in the G4/50
concession up to an agreed cap
· SONA will pay Salamander a contingent cash payment in the event of a commercial discovery in
G4/50 of up to $15 million

As at 31 December 2013, Salamander's estimated gross Bualuang Field 2P reserves were 32.7 million barrels of oil ("MMbo") and gross 2C resources were 32.3 MMbo.
The Transaction has an effective date of 1 January 2014 and following its successful completion, the Board has approved a US$50 million capital return to shareholders, equivalent to approximately 11 pence per share. Post closure of the Transaction, and ahead of the next phase of development of the Bualuang Field, the Group expects to retire between $200 million and $250 million of current debt.
The HoA remains subject to, amongst other things, the signature of final documentation, including share sale and purchase and shareholders' agreements, which is anticipated to occur prior to the end of June. A further announcement will be made at that time. The Transaction is expected to close by the end of Q3 2014 following satisfaction of all conditions, including receipt of both regulatory and shareholder approvals of both Salamander and SONA.


Update on Formal Sale Process
Today's announcement is consistent with the strategy articulated by the Board of Salamander on 1 May 2014 when the formal sales process was announced, where Salamander stated that it had been considering a divestment of certain assets, and had also received a number of preliminary and conditional expressions of interest in relation to an offer for the Group. The formal sale process (with respect to potential offers for the Group) has not yet concluded and continues in parallel, as the Company and SONA progress Transaction documentation. A further announcement will be made as appropriate.
James Menzies, CEO of Salamander, commented:
"Our Bualuang field and surrounding acreage has proved to be a highly successful growth asset for Salamander. The Group's hub strategy is designed to bring assets to phased maturity, releasing value in turn and providing for both re-investment in early stage development and capital return.
The price achieved reflects the quality of Bualuang barrels, and the prospectivity of the G4/50 acreage which surrounds the Bualuang Field.
Today's announcement demonstrates the value embedded in the Group's portfolio, and the Transaction provides an excellent opportunity to crystallise a portion of that value."

Enquiries:
Salamander Energy + 44 (0)20 7432 2680
James Menzies, Chief Executive Officer
Geoff Callow, Head of Corporate Affairs

Posted by rais > 2014-06-06 08:58 | Report Abuse

mau naik sikit masa lagi beli beli cepattttttt

Posted by derrickinvestor > 2014-06-06 09:25 | Report Abuse

tunggu dulu.... jatuh ke 0.20 baru beli balik

Posted by lloydlim > 2014-06-06 09:54 | Report Abuse

Sell cepat-cepat guys, I wanna buy at lower price, tqvm.

Posted by abdulrahim > 2014-06-06 12:32 | Report Abuse

contra loss again today...

Posted by derrickinvestor > 2014-06-06 14:00 | Report Abuse

Okay all sell to lloydlim at 0.35....

Posted by traderman > 2014-06-06 14:54 | Report Abuse

run !!!!!!

Posted by derrickinvestor > 2014-06-06 15:14 | Report Abuse

run? ok lets run together.....

Posted by derrickinvestor > 2014-06-06 15:41 | Report Abuse

hohoho.. keep dropping keep..... dropping.... TP 0.10.....

Posted by kcyim1970 > 2014-06-06 16:57 | Report Abuse

Could any one explain to me why Sona and its wa kept on dropping despite the recent QA news?

Posted by kcyim1970 > 2014-06-06 17:02 | Report Abuse

Could it because Sona has insufficient funds raised from its IPO to psy for the QA which cost some RM900M plus equivalent? Thus,Sona needs either bank borrowing or some other form of financing to make up the difference.

Posted by pdtan > 2014-06-06 17:04 | Report Abuse

They r preparing for the W/CUP Gala, in line with the general market SWING (down).

More details :
Posted by pdtan > Jun 6, 2014 04:57 PM | Report Abuse X

Overall Market/klci : Dip(bottom) target 1861-0 reached
Reversal now to close towards 1866-1870.

If next (mon) day OPENING GAP UP +5 1870 n above. Traders Beware!!!
1887-1888 reversal both monday close and tueday morn.

Tue(2nd)day close low will set the stage for the NEAR-WHOLE-MONTH's BLATANT MANIPULATION of the WHOLE MARKET MOOD, shoud scare the shit out of the retail-investors and traders and results in good losses before month's end. Traders : Stay safe, avoid losses, and keep PLENTY OF CASH TO BUY CHEAP AGAIN!!!
p/s : This picture shd generally concur with the earlier poster about WCUP..

I will cash out of DSonic + CA by Tueday if the double peaks is confirmed...

Posted by kcyim1970 > 2014-06-06 17:05 | Report Abuse

Dear Powerwk, care to enlighten me? Thank you.

Posted by speakup > 2014-06-06 17:25 | Report Abuse

once the deal done, I expect Sona to do a 1 for 2 Rights Issue to raise cash to lower the debts.

Posted by pdtan > 2014-06-06 17:47 | Report Abuse

Posted by abdulrahim > Jun 6, 2014 12:32 PM | Report Abuse

contra loss again today...

----------------------------
I will buy next when price CLOSE LOWEST @ 0.49, next morning further dip to 0.48, and sell T+2 morning at 0.52..... not much, I will go for other MEATIER counters.... like Dsonic-CA now @ 0.28

Posted by pdtan > 2014-06-06 17:51 | Report Abuse

You shoud check Sona-WA seems to hit bottom (???) (WA o.28 vs mothers 0.48 much earlier . Sona-wa expected to run up to 0.32 T+4 similarly

Posted by derrickinvestor > 2014-06-06 20:12 | Report Abuse

monday the tsunami will impact warrant, I guess

Posted by asam51 > 2014-06-07 16:05 | Report Abuse

tsunami cannot last forever

Posted by derrickinvestor > 2014-06-07 16:38 | Report Abuse

No one say tsunami last forever but for time being stay side line n take no action...

Posted by asam51 > 2014-06-07 17:54 | Report Abuse

understood. tq

Posted by kcyim1970 > 2014-06-07 22:45 | Report Abuse

Do the general market view positively on Sona' acquisition of the 40% interest of Salamander? Was it really a ggod buy? Are the 2 oil fields currently producing? Earlier, every one was anxiously awaiting for the QA news. Now that the news was out, no one seemed to bother about it like what had happened to Hibiscus. I really can't understand why its price dropped further despite the QA news?

Posted by derrickinvestor > 2014-06-08 01:58 | Report Abuse

Becoz the deal could be way offf... Now sona in debt ma.... If not clear debt in certain period, may go into pn17 lo... Risk is high lo.... And big player think sona mgmt is donating money to salander which already in debt lo... Just my understanding

Posted by goldenray > 2014-06-08 03:05 | Report Abuse

This is called gearing with bank support.
Almost all listed companies are filled with loans.
Don't be afraid of debt, it helps you to grow faster in a manageable way.
Just like how you buy a house.
You pay interest for it, doesn't mean you are bankrupt after you take a loan from bank.

PN17 won't happen if there is a profit every month. Cash flow management this is.

Comparing cliq and sona.1
Sona is a better buy now, with a solid oil field asset in hand, funded with help of bankers.

Cliq is still an empty shell company in the dark. NOTHING

Posted by derrickinvestor > 2014-06-08 09:59 | Report Abuse

If you manage to pay the debt then ok lo... If unmanaged to pay the debt, big trouble lo

Posted by 8557 > 2014-06-08 15:08 | Report Abuse

when sona-wa still intact,it means the deal is ok. else,they would have dump WA which now premium stand at 18.25%. Unless,next week sona-wa start dropping below .28 then i would consider Sona is in dilemma.

Else, i think there will be upside after AGM which will revealed the actual scenario to shareholders as they still need shareholders approval to buy 40% of salamender oil fields.

Posted by kcyim1970 > 2014-06-08 22:25 | Report Abuse

Let's hope for the better for the coming monday.

Posted by runway33 > 2014-06-08 22:56 | Report Abuse

When the durian falls, RUN! Can always come back and pick the fallen fruits later

Posted by derrickinvestor > 2014-06-08 23:10 | Report Abuse

yeah... when durian fall.... dont stand below the tree.... less end up in the hospital from a fallen durian.... hahhahahaa

Posted by skybursa > 2014-06-09 21:58 | Report Abuse

You kinda feel good when sona was in trouble?. And you even feel greater when those investing in Sona get burn badly?

Posted by kcyim1970 > 2014-06-09 22:14 | Report Abuse

Would there be any show down tomorrow before the World Cup starts?

Posted by derrickinvestor > 2014-06-10 10:52 | Report Abuse

yeah... can buy cheaper ma... who on earth dun wanna do that?

Posted by derrickinvestor > 2014-06-10 11:04 | Report Abuse

tomorrow world cup? Looks like Bursa gonna be quiet for a while.... sigh...

Posted by Gp_Chenfund > 2014-06-12 16:43 | Report Abuse

for world cup period,pls take note this good share.
keladi 总票数 758,310,000 单位，

它是净现金公司，每单位净现金 20sen。

地皮总面积 1486.98 英亩

1486.98 / 758,310,000 = 0.000001961 英亩土地

0.000001961 英亩 = 0.000001961 x 43,560 平方尺 = 0.08542平方尺。

每单位 keladi 代表着 现金 20sen + 0.08542平方尺地皮。

keladi 12/2/2014 股价收市价 = 35.5sen

意思也即是 0.08542 平方尺keladi 地皮才卖 35.5sen - 20sen = 15.5sen



1平方尺 卖 15.5sen x 1 / 0.08542 = 181.45sen = RM1.81

1 平方尺 才卖 RM1.81 ? 不到 RM2 !

也就是 1英亩 = 43,560 x 1.81 = RM78,8449 不到 RM80,000，这样便宜！

keladi 严重被低估

Posted by Steven Yong > 2014-06-12 16:51 | Report Abuse

Keladi and Gbh both good stocks to buy and hold longterm

Posted by Edmund investor > 2014-06-14 14:58 | Report Abuse

Spain loss.

Posted by derrickinvestor > 2014-06-14 23:10 | Report Abuse

holland bring spain to horlan..... hahahaha

Posted by ssboy > 2014-06-25 19:47 | Report Abuse

why always drop??really need to go holand liao...

Posted by optimusx8888 > 2014-06-25 19:50 | Report Abuse

gone case liao... going to 10c soon.

Posted by tpchuayap > 2014-06-26 09:03 | Report Abuse

Happy Trading

Posted by Gian Poh > 2014-06-30 01:51 | Report Abuse

better go down to 5 cts, optimusx

Posted by derrickinvestor > 2014-06-30 11:16 | Report Abuse

5 sen? That means waiting to be delisted wor..... Or pn17.... Hehheheheh