% gainers .....
1st place - WA
2nd place - WB
3rd place - Mother

I bought my WB when it was only RM0.225 level

Around RM0.35 level due to averaging from today's purchases. I have sold some of my WB to move over to WA earlier.

What should we do now? Continue holding on or cut our losses ..... Huge losses

Sold some mother and bought back more warrants at rm0.29 level.

I have increased my shareholding of WA the past few days. If you observes, amongst Mother, WB and WA, WA will always have the best increase in quantum and % vise. Further, even though WA has higher exercise price, it also enjoy a longer maturity period till 2021. So if TSHS's plan till 2018 works, WA will stand to benefit more.

Next target is rm1.40 then rm1.80

With the rate things are worsening, it's better to have Plan B if you have the opportunity or means to do so. This has nothing to do with nationalism as all of us non bumi will have to think of our children's future and I am not convinced they will enjoy a equitable life here in Malaysia going forward despite being a loyal citizen. Our grandfather and father's days may be better as then they live more harmoniously in a multicultural nation. Now, due to the govt's policy of divide and rule, none of us feel secure of our future here in Malaysia anymore despite contributing our effort to make this country successful. At the end of the day, we are blamed for squandering the country's wealth and marginalising the others.

And as a responsible parent, we will withdraw all our EPF, sell all our properties, shares and unit trust, convert all insurance value etc to migrate overseas in order to safeguard the interest of our children. Selfish? Depend on how you look at it.

000

But I did sold almost 800k of WB last week to recover my cost first. I am just highlighting my concern and hope some of us can get more insight into such issues for the benefit of all. I also want to make tonnes of money from Sumatec

Dear prc, I have been holding this counter for the past 8 months .... But converted all my mother to WA and WB over the months.... I now still holds close to 1 mil shares (both WA and WB).

The next thing we may hear will be Abang Johari resigning as Director....that will be a joke after coming in recently and disposing so much share within a short span of time. Being such an established individual, an extra one or two millions won't change his lifestyle, so why the urgency to dispose?

Who is the real owner of Borneo Energy ? If the oil wells are so great, why only 5 or 6 are operational today out of the total 26 wells. If HS is the real owner behind Borneo Energy, then the due diligence being carried out will surely favour and values the deal at RM780 mil. Then it will mean further capital injection by all....even if at inflated price. I don't like the fact that some of the directors of the company selling their stakes so early for a quick gain. Anyway, just wait and see ..... I am very sceptical with the recent developments.

I sold all my warrants on the opening bell with the highest on rm0.33 but still holding on to the mother. Hope the mother will recover to its rm0.90 to rm1.00 level as N2N is trading at this level.

What will be the likely impact of this latest development? This counter is already at a very low counter and I bought in due to the lower risk at the moment with hope that this will another turn-around story

Expect the unexpected and just play within your means. Do not be too greedy.

Read the latest on kini news ... Sumatec is not for the faint hearted

Even if you sell now, you would not get your money for Raya. Those who has this intention has done so the past few days. This is the normal listless trading pattern prior to any long holiday break in view of the uncertainties around the world for the next few days. I believe it will stay above the RM0.40 level in the interim. No need to be so "kan cheong". We have been holding this counter for the past 8 months, so another week won't make much of a difference. Tungggguuuuu

Just enjoy the Raya break and forget about Sumatec and the share market for the next few days....relax and enjoy .... When we come back, the market will be alive again .... Only then Sumatec will continue its upward trend ...

Will be slow for the next few trading days....better don't see and open back the screen on the next Monday after Hari Raya

Sold all my warrants but still holding mother. Expect mother to go back to rm0.90 to rm1.00 level soon.

It will be like this for the whole of next week as well. Have a good break guys

No strength to push this morning as next week long break. Most likely will be stagnant from now till end of next week

Eddie chai good buddy, Kenneth vun is being charged by SC for securities violation relating to DVM in 2006

But they do have a bad name when it comes to property developments ... Thus far, I don't think there is any successful project by this company ..... Biggest flop is bukit beruntum and puncak jalil (prior to IJM take over)

I do get a bit worried when you hear aunties and uncles talking about Sumatec in the kopi tiam .....

Welcome back Luoli

Great to see so many new comers and new supporters of this counter.

My entry level is around rm0.78 .... Time to take some profit .....

With Dow closing in positive and prospect of exiting PN17, I believe more players will accumulate this growth stock. Yes, it will continue its uptrend.....

Bought some more yesterday at rm0.76 level. Next week should be show time while waiting for warrant to be listed on Thursday. Anyone wanna guess what will be the range play price for this new warrant next week?

Make enuf then move on. Don't be too greedy as the one who buys from you also wanna make some money. This is a game of "who is the biggest fool"......

These bunch of 'old directors' from Tekad Mulia have been selling for the past 6 to 8 months. So no need to be panic. They are the ones that brought down the company those days. Now under HS and team, a lot of work needed to build this investor confidence and trust back. Thus far, whatever CD promised are being delivered. They are getting more calibre people into the team. This is good for the company.

Great ... As predicted. Looking at RM1.40 in the very near term

Initial reaction may be some panic selling by those on contra....but once the big boys start their day, it should be up again.

Time to accumulate further as good news coming out soon.....

I am still pondering when is the free warrant going to be credited into our CDS as till todate, there was no additional listing announcement in BURSA website. But after today, the mother share should trend higher enroute to RM1.00 mark.

It is a cheap penny stock with good capital appreciation potential. I have a friend who is holding close to 1.4 mil shares and he is making RM14k for every 1 sen increase ..... Any tussle for control will enhance the value....so, it's a good and cheap bet.

KUALA LUMPUR: Sumatec Resources Bhd plans to raise half the amount it needs to pay for two new assets worth US$250mil (RM794mil) it is proposing to buy in Kazakhstan via a rights issue and the rest through an issuance of shares.

Though it is a PN17 company, Sumatec wants to tap the capital markets for funds and expects the rights to be issued before the year is out.

All that is dependent on how fast it can enter into a sale and purchase agreement with the two asset owners, though Sumatec chief executive officer Chris Dalton told reporters yesterday that he expected a deal to be concluded before year’s end. The due diligence is under way.

Dalton also expects Sumatec to be out of the PN17 status next month.

Last week, Sumatec said it had entered into a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin to buy the entire equity interest in Borneo Energy Oil and Gas Ltd for US$250mil, which in turn has rights over Bazachi Neft LLP, which is an independent upstream oil and gas company involved in the exploration, production and trading of oil and natural gas. Sumatec is a service provider in the downstream sector of the oil and gas industry.

Buzachi currently has two 25-year subsoil use contracts, valid till November 2026, for the exploration and production of oil and gas in Karaturun Vostochnyi and Karaturun Morskoi fields (Buzachi fields).

He explained that the Buzachi fields, which were in shallow waters (one to two metres deep), were located about 277km northeast of Aktau city in the northern part of Mangistau region, Kazakhstan. There are 26 wells at the fields, five of which are currently in production and producing between 400 and 600 barrels of oil per day. Oil transportation is convenient as the fields are located just 180km away from the main Uzen-Atyrau-Samara oil pipeline.

Dalton said upon completion of the purchase of the two assets, Sumatec intended to ramp up production and in three years’ time he reckoned Sumatec, with all its other oil and gas assets, would be able to produce about 3,500 barrels of oil per day.

Apart from holding a stake in Borneo Energy, Abu Talib also owns 0.6% equity in Sumatec, and is a long-time associate of Tan Sri Halim Saad, who has 23.96% in Sumatec.

Dalton expected a contribution of US$1.62mil to Sumatec’s profit in the fourth quarter of this year from the two assets, and the figure will be substantial next year.

Beyond the US$250mil outlay, Dalton said the company also needed to spend about RM150mil in capital expenditure for additional facilities at the fields which would be raised via issuance of bonds.

Sumatec also has the rights to the oil and gas field in Rakushechnoye, Kazakhstan, which has yielded a 14.5% increase in proven oil reserves to 129 million barrels.

Sumatec closed 2.5 sen up at 42 sen yesterday.

KUALA LUMPUR: Sumatec Resources Bhd plans to raise half the amount it needs to pay for two new assets worth US$250mil (RM794mil) it is proposing to buy in Kazakhstan via a rights issue and the rest through an issuance of shares.

Though it is a PN17 company, Sumatec wants to tap the capital markets for funds and expects the rights to be issued before the year is out.

All that is dependent on how fast it can enter into a sale and purchase agreement with the two asset owners, though Sumatec chief executive officer Chris Dalton told reporters yesterday that he expected a deal to be concluded before year’s end. The due diligence is under way.

Dalton also expects Sumatec to be out of the PN17 status next month.

Last week, Sumatec said it had entered into a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin to buy the entire equity interest in Borneo Energy Oil and Gas Ltd for US$250mil, which in turn has rights over Bazachi Neft LLP, which is an independent upstream oil and gas company involved in the exploration, production and trading of oil and natural gas. Sumatec is a service provider in the downstream sector of the oil and gas industry.

Buzachi currently has two 25-year subsoil use contracts, valid till November 2026, for the exploration and production of oil and gas in Karaturun Vostochnyi and Karaturun Morskoi fields (Buzachi fields).

He explained that the Buzachi fields, which were in shallow waters (one to two metres deep), were located about 277km northeast of Aktau city in the northern part of Mangistau region, Kazakhstan. There are 26 wells at the fields, five of which are currently in production and producing between 400 and 600 barrels of oil per day. Oil transportation is convenient as the fields are located just 180km away from the main Uzen-Atyrau-Samara oil pipeline.

Dalton said upon completion of the purchase of the two assets, Sumatec intended to ramp up production and in three years’ time he reckoned Sumatec, with all its other oil and gas assets, would be able to produce about 3,500 barrels of oil per day.

Apart from holding a stake in Borneo Energy, Abu Talib also owns 0.6% equity in Sumatec, and is a long-time associate of Tan Sri Halim Saad, who has 23.96% in Sumatec.

Dalton expected a contribution of US$1.62mil to Sumatec’s profit in the fourth quarter of this year from the two assets, and the figure will be substantial next year.

Beyond the US$250mil outlay, Dalton said the company also needed to spend about RM150mil in capital expenditure for additional facilities at the fields which would be raised via issuance of bonds.

Sumatec also has the rights to the oil and gas field in Rakushechnoye, Kazakhstan, which has yielded a 14.5% increase in proven oil reserves to 129 million barrels.

Sumatec closed 2.5 sen up at 42 sen yesterday.

KUALA LUMPUR: Sumatec Resources Bhd plans to raise half the amount it needs to pay for two new assets worth US$250mil (RM794mil) it is proposing to buy in Kazakhstan via a rights issue and the rest through an issuance of shares.

Though it is a PN17 company, Sumatec wants to tap the capital markets for funds and expects the rights to be issued before the year is out.

All that is dependent on how fast it can enter into a sale and purchase agreement with the two asset owners, though Sumatec chief executive officer Chris Dalton told reporters yesterday that he expected a deal to be concluded before year’s end. The due diligence is under way.

Dalton also expects Sumatec to be out of the PN17 status next month.

Last week, Sumatec said it had entered into a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin to buy the entire equity interest in Borneo Energy Oil and Gas Ltd for US$250mil, which in turn has rights over Bazachi Neft LLP, which is an independent upstream oil and gas company involved in the exploration, production and trading of oil and natural gas. Sumatec is a service provider in the downstream sector of the oil and gas industry.

Buzachi currently has two 25-year subsoil use contracts, valid till November 2026, for the exploration and production of oil and gas in Karaturun Vostochnyi and Karaturun Morskoi fields (Buzachi fields).

He explained that the Buzachi fields, which were in shallow waters (one to two metres deep), were located about 277km northeast of Aktau city in the northern part of Mangistau region, Kazakhstan. There are 26 wells at the fields, five of which are currently in production and producing between 400 and 600 barrels of oil per day. Oil transportation is convenient as the fields are located just 180km away from the main Uzen-Atyrau-Samara oil pipeline.

Dalton said upon completion of the purchase of the two assets, Sumatec intended to ramp up production and in three years’ time he reckoned Sumatec, with all its other oil and gas assets, would be able to produce about 3,500 barrels of oil per day.

Apart from holding a stake in Borneo Energy, Abu Talib also owns 0.6% equity in Sumatec, and is a long-time associate of Tan Sri Halim Saad, who has 23.96% in Sumatec.

Dalton expected a contribution of US$1.62mil to Sumatec’s profit in the fourth quarter of this year from the two assets, and the figure will be substantial next year.

Beyond the US$250mil outlay, Dalton said the company also needed to spend about RM150mil in capital expenditure for additional facilities at the fields which would be raised via issuance of bonds.

Sumatec also has the rights to the oil and gas field in Rakushechnoye, Kazakhstan, which has yielded a 14.5% increase in proven oil reserves to 129 million barrels.

Sumatec closed 2.5 sen up at 42 sen yesterday.

Hope with this piece of news, it will continue its uptrend till after Raya ..... Good luck to all fellow Sumatarians...

Per Chris Dalton, he expects Sumatec to be out of PN17 next month irrespective of whether the Borneo Energy goes thru or not (expected to be finalized by end 2014 via right issue and additional shares). Uplifting from PN17 is the more important news in the short term.

I am more concern of the geopolitical situation arising from this. If Russia is the one that shot down MH17, then there will be repercussion as US is going all out to contain them. There will bound to be more sanctions and economic pressure in that region. In the mean time, they will have a lot of explaining to do.......

It should not affect others .... Maybe some panic in the first half an hour

It's a good test for Liow to see how capable or incapable he is.....want to be Minister .... Time to prove your worth

It's cruising at 30000 feet

Oh gosh ..... A MAS plane carrying 295 passengers from Amsterdam to KL was shot down near Ukraine just now....all feared dead

Can anyone translate this piece of article in mandarin.....

I did not realized that WA has a longer expiry period ie till March 2021. No wonder there are such interest in this warrant despite its higher exercise price of RM0.32. Also a good run today.