Posted by Yk John > Sep 16, 2014 09:06 AM | Report Abuse

Oh no

Got negative n positive comments
_______________________________________________________________________

Comments from DreamHunter all positive, YK. No negatives.

Okay, one more thing. The current proposal is that the purchase is made in two equivalent parts, i.e. cash and shares.

IF HS proceeds with Suma RI to raise the cash for half of the cost of BE, then pays for the other half of the cost with Suma shares to the vendors, there will be 2 implications:

(1) price dilution of Suma, which has been partly factored in by now, hence the current price drop; and

(2) the vendors of BE end up partly owning Suma, which could introduce an element of disturbance/distraction to HS' other turnaround plans for Suma in the future.

BUT, if HS instead buys BE completely by cash via Markmore, which HS privately owns, using Markmore's own internal funds, then HS could save himself from those troublesome implications. Suma's price would recover quickly and return to its previous upward trajectory, becoz RI has been cancelled.

Then Suma, now with a much better price value, could buy BE from Markmore by payment with Suma shares, which by then would be commanding a much higher price than now. And Suma thereby remains firmly in HS' hands, with no additional owners introduced.

That is why I personally would prefer that HS changes course, and cancels the RI, and buy BE via Markmore first and straightaway.

Okay, minor correction.

The 2 oil and gas assets from Buzachi Neft LLP (Karaturun More and Karaturun Severo Vostochunyi in Kazakhstan) will eventually make up 25,000 bpd, while the other 5,000 bpd will come from Raku Shechnoye, also in Kazakhstan. Thus making the projected grand total of 30,000 bpd, to be realised in 2018.

'Marmore Energy' = 'Markmore Energy'

typo

And in case you might still miss out something important, Mr. HopeWinButLoseOne, despite trying your darndest best to understand everything this time, the US$250 mil is NOT merely upfront payment. It is the full price to be eventually paid to the vendors of Borneo Energy. For the acquisition of Borneo Energy by HS.

Whether HS does that directly via Suma, using a RI to come up with the capital, or whether he does that through his privately-owned Marmore Energy using its own internal funds, still remains to be seen. Even if current proposal on the table is for it to be done via a RI by Suma.

Get it?

Posted by surewinone > Sep 16, 2014 07:58 AM | Report Abuse

Can you get your FACTS correct first! Jangan pandai tembak saja.
_______________________________________________________________________

Just stopped by on my way to the to toilet for a leak.

You know, you should start learning to give such advice to yourself. Now you can read again, the right article as published in SunBiz of the Sun Daily of 18 July 2014. Read it at least 50 times, to make sure that your murky head does not miss anything out again.

http://www.thesundaily.my/news/1116568

Sumatec to fund Borneo Energy buy via rights issue

Posted on 18 July 2014 - 05:38am
Eva Yeong
sunbiz@thesundaily.com

KUALA LUMPUR: Sumatec Resources Bhd plans to undertake a rights issue to partly fund the proposed acquisition of Borneo Energy Oil and Gas Ltd, which it aims to complete this year, said its CEO Chris Dalton.

He said the deal is currently valued at US$250 million, which will be funded via a combination of cash and shares. The proposed acquisition, which was announced last Friday, will see Sumatec taking 100% ownership of Borneo Energy, which had in turn bought two oil and gas assets from Buzachi Neft LLP.

Buzachi Neft LLP has two 25-year subsoil use contracts (namely Karaturun More and Karaturun Severo Vostochunyi in Kazakhstan) that are valid till November 2026 and a quarry that will last till Jan 31, 2030.

"We are looking at raising maybe 50% of the US$250 million from rights issue and the balance from special issue shares," he told reporters at a media briefing on the acquisition yesterday.

The company aims to complete the acquisition this year and is set to sign the sale and purchase agreement soon, after which it will disclose the price of the rights issue. It aims to takeover the assets by year-end.

It will also spend an additional US$150 million to set up facilities at Karaturun More and Karaturun Severo Vostochunyi, which will be funded via bonds.

"Our gearing is zero at the moment, so we have a lot of room to move," said Dalton.

Dalton said if it successfully completes the deal by the third quarter of this year, it will be able to recognise profit contribution from the new assets in the fourth quarter.

"It is already producing 400 to 600 barrels of oil per day with estimated profits of US$25 to US$30 per barrel," he said, adding that majority of returns will be recognised next year onwards as it plans to ramp up production at the two sites.

Dalton said it aims to achieve production of 25,000 barrels per day in three years' time at the two sites and 5,000 barrels per day at its existing Rakushechnoye site.

The acquisition is part of its plan to become a large independent oil and gas player in Malaysia, after completing a restructuring exercise last year.

"To be a large independent oil and gas player, we need to have 200 million barrels reserves in our portfolio in five years' time.

"We have been exploring assets since day one and this one came out on top. We will continue to look at other assets as well," he said, adding that it is not limited to assets in Kazakhstan.

He also said that the company is on track to exit Practice Note 17 status by September this year.

On the selling of shares by its CFO Roshidah Abdullah, its director James Chan said the shares sold were ESOS shares and were sold before the acquisition of Borneo Energy was announced.

Sumatec shares were the most actively traded yesterday, closing 6.33% higher at 42 sen with a total of 198.4 million shares changing hands.
_______________________________________________________________________

You see, Mr. HopeWinButLoseOne, the 400 - 600 bpd that you're making such heavy weather of is merely the current production, but NOT the full, possible production capability, which is 30,000 bpd, and which is projected to be achieved in 2018.

As for the rest of the stuff that you still don't understand, read it all again yourself. And again. And again. Until you do undersstand it all.

If you can't look for info properly and efficiently, then don't just go whining around to others to help you out.

Time to go back into recharge mode. Into down time. Into the Land of Dreams.

And for those times that I might be indisposed, utterly exhausted or gravely injured, you must put your faith and trust in my deputy. You should know him by now, I believe.

He is a younger and stronger version of me, and when it comes time, when he's fully ready for the role that I hv been grooming him for, he will make an even better commander for you all than me.

But you must promise not to wilt or wince or cringe, not to fear or fray, not to shake or break, when a tough fight does not go our way.

You must promise to stay on and fight no matter what, until our enemies shake and tremble in fear, or they collapse in despair or dismay, at seeing how indomitable, how invincible and how indestructible we are.

Posted by speakup > Sep 15, 2014 07:25 AM | Report Abuse

our leader DreamHunter is back! Lead us to VICTORY!
_______________________________________________________________________

As long as I'm needed, and as long as you dare to follow me into every battle, I will not disappoint you.

That's right. We invest in the future, not the past. The point is, we also have the responsibility - to ourselves, not to anyone else - to ensure to a reasonable degree that the particular future that we're investing in is a realistic and achievable one. Not just some silly pipe dream.

And Suma, for me, is certainly NO silly pipe dream. It is a REALISTIC, ACHIEVABLE, CONQUERABLE dream.

And when DreamHunter attains that great, grand, glorious dream of his, he will become a true DreamConqueror.

Yay!!!

Posted by Ambz > Sep 15, 2014 11:47 PM | Report Abuse

Yeah DH, enough job to to keep suma busy for another 25 years. If RM1 bil profit wth 5 bil shares. How much should be the price then?
_______________________________________________________________________

RM5? RM7.50? RM10? Take your pick.

Deleum is ranked lower than Suma in terms of market capitalisation. Yet, just a few months ago, before its latest price dilution, it was doing like RM6.70 pr something.

Posted by ozzie75 > Sep 15, 2014 11:40 PM | Report Abuse

DH: there has been numerous association here of falling oil prices and falling profits of Sumatec..but nothing was mentioned that companies do hedge against such downside risks. Just a thought when i was looking through the weekend posts.
_______________________________________________________________________

I only mentioned that to prevent people from building up vast hopes based on projections, then when projected figures not achieved they come in to whine and moan non stop until kingdom come.

Coz that's one thing I just cant stand, Oz. Dudes whining and moaning non stop like old wimmen.

BE is for the long term, AMBZ.

2018, 30 billion bpd production, RM1 bil per year profit. That is enough for me.

Time for supper. Happy Malaysia Day, ya all.

Posted by ozzie75 > Sep 15, 2014 11:26 PM | Report Abuse

Tonite's exchange of info had been far more constructive and insightful, compared to prior nights. Keep it coming, folks.
_______________________________________________________________________

Cannot expect every nite to be fantastic lor. If like dat one, sure often disappointed lor.

Same like with girlfriend or missus also lor. Can be fantastic every nite ah? How can.

Posted by Ambz > Sep 15, 2014 11:15 PM | Report Abuse

Tq ling. then the oil revenue wl be reflected on 3rd quarter as said by CD. Meaning they walk the talk.
_______________________________________________________________________

The projected profit for 2014 may not be realised, going by the faltering oil prices. But that does not mean the end of the world, does it? What is one mere year, in the 30+ years still to look forward to for Suma. Big deal?

Even giant conglomerate DRB only made RM10 mil in Q1, 2013. So, if little Suma makes RM6.7 mil in Q2, 2014, is that so bad?

Posted by Ring > Sep 15, 2014 11:20 PM | Report Abuse

Ha ha ok in future no rubbish talk i may keep silent for sometime until my mind relaxes...let me enjoy Malaysia day..please dont get hurt.!
_______________________________________________________________________

Good idea.

Dudes. HS already shown that he can make Suma fly from 28 to 62 in one round of spikes.

The next round, he will make it fly from 44 to 78. 78, at least. Believe you me.

Posted by Ring > Sep 15, 2014 11:09 PM | Report Abuse

A lot of rubbish talk going on in this forum so mine makes no difference but dont be surprised after BE acquisition HS sells all his shares n maintains only d warrants.
_______________________________________________________________________

Talk about rubbish talk. Now, this one talk to me sounds like the most rubbish of all the talk.

Well, we'll all just wait and see what HS really does then.

Posted by Ambz > Sep 15, 2014 11:04 PM | Report Abuse

Dont think he wl RTO suma. Only keep that 32 to safeguard his interest there in case some hostile party want to grab suma like scomi.
_______________________________________________________________________

That's even more reason why a RTO of Suma by Markmore would make perfect sense. Markmore first buys BE, then Suma buys BE from Suma using Suma shares at newly elevated price (because RI has been cancelled).

Suma ends up owning BE, while Markmore ends up owning Suma. HS remains emperor of his own HS O&G empire. End of story.

Posted by SANG-JERO > Sep 15, 2014 11:03 PM | Report Abuse

Ring .....RTO???using which vehicle?
_______________________________________________________________________

Using Markmore lor. Also owned by HS lor.

Tak payah pakai bank loan, Ring. It's dead simple. Just cancel the RI. Then a make a big announcement about the cancellation.

Then use Markmore, INSTEAD OF Suma, to buy Borneo Energy, using Markmore's OWN internal funds. No bank loan.

Then Suma will fly up to 90, let's just say, which is about double today's price. Becoz RI has been cancelled.

Then hv Suma buy BE from new owner Markmore, paying for it using Suma shares, which are now 90 sen or more. NO need to take bank money.

Refresher pack on alternative financing option for BE acquisition:

The RI proposal for acquiring BE is not firmed up yet. So, anything can still happen.

HS could still just decide to acquire BE another way, for instance. He could use his privately owned Markmore instead of public-listed Suma to buy BE, using Markmore's internal funds.

IF he actually does that, and announces it, and cancels the proposed RI, then Suma could quickly fly back up to the 70s or 80s, no sweat.

Then, pronto, HS could arrange for Suma to buy BE from Markmore, paying Markmore for BE with Suma's then high-flying shares. Thereby achieving a RTO of Suma by Markmore.

Magic? Nope. That can actually be made to happen. And it could.

Posted by Ambz > Sep 15, 2014 10:43 PM | Report Abuse

SJ, on my opinion that RI wl be executed by looking at latest warrant conversion.
_______________________________________________________________________

Nope. The current WB/Mother ratio is only a reflection of players' and investors' current perception, based on the assumption that RI will proceed as proposed.

But as of now, it has NOT been confirmed yet.

Posted by Ambz > Sep 15, 2014 10:35 PM | Report Abuse

Aku dah kata DH, lepas logoff id td dia tukar id lain utk tunjuk sokongan. Tapi sebenarnya org sama cuma topeng lain. Lepas dia kena nanti dia tukar id lg. Mcm ni punya thamby pon ada DH
_______________________________________________________________________

Just a sign of insecurity and immaturity, AMBZ. Dah dia masih tak cukup yakin dengan diri dia sendiri sebagai satu orang individu, dia buat cam tu la.

Biasa la tu, AMBZ. Sama ada dia budak-budak yg nak belagak dewasa, ataupun dia dewasaa berhati budak-budak.

Biar aja la dia nak berseronok dalam alam dia sendiri.

Posted by laughnonstop > Sep 15, 2014 10:31 PM | Report Abuse

Long key dh is here again.omg
_______________________________________________________________________

Only I don't need to play under 50+ clone names like you.

Just cancel the RI, then use Markmore instead of Suma to buy Borneo Energy.

Suma will then fly back up again to the 70s or 80s. Then Suma can buy BE from Markmore, using the then higher-priced Suma shares to pay up.

Posted by Ambz > Sep 15, 2014 09:14 PM | Report Abuse

DH, itu thamby ada kalah byk la. now if present price maint. Dia kena byr brokerage la at least. Sbb tu dia marah sgt.
_______________________________________________________________________

Tak payah ingat dia lagi. Gua sudah kasi KO sama dia. Terus pigi tido dia kena sama gua.

YK, you are now assumingf that RI will definitely happen. But is only an option being considered, right now. It ain't finalised yet.

The BE acquisition could still proceed in a different way. Read my post earlier on the page.

Posted by happytradingz > Sep 15, 2014 09:28 PM | Report Abuse

So I wait for end of this week before I decide he he. So far you are the loser lah. Talk coke all the time with your R8 lah whatever lah.. He he. Price keep dropping past 3 weeks. You surelosswan..he..he

Good night and keep dreaming with Dreamhunter
_______________________________________________________________________

The Happy Kid is getting scared already now. While the Hunter of Dreams is well on track to ... becoming ... the Conqueror of Dreams.

Yay!!!

Fortune favours the bold and the brave. Wealth is attracted to the fearless and the undaunted.

It does not matter whether BE comes under Markmore or Suma, becoz both Markmore and Suma is owned by the same one man, namely HS.

Posted by Ling C T Wilfred > Sep 15, 2014 09:44 PM | Report Abuse

Buzachi Neft LLP is engaged in the exploration and production of oil and natural gas in Kazakhstan. The company was founded in 1993 and is based in Almaty, Kazakhstan. As of September 8, 2014, Buzachi Neft LLP operates as a subsidiary of Sumatec Resources Berhad.
_______________________________________________________________________

I assume you are also well aware that BE has not been fully paid for yet. Which is precisely why an RI is being considered.

The RI proposal for acquiring BE is not firmed up yet. So, anything can still happen.

HS could still just decide to acquire BE another way, for instance. He could use his privately owned Markmore instead of public-listed Suma to buy BE, using Markmore's internal funds.

IF he actually does that, and announces it, and cancels the proposed RI, then Suma could quickly fly back up to the 70s or 80s, no sweat.

Then, pronto, HS could arrange for Suma to buy BE from Markmore, paying Markmore for BE with Suma's then high-flying shares. Thereby achieving a RTO of Suma by Markmore.

Magic? Nope. That can actually be made to happen. And it could.

Posted by happytradingz > Sep 15, 2014 09:18 PM | Report Abuse

He.. He. If I have a lot I will be shitting lah. You guys keep boasting and keep shitting - he.. He.. Everyday dropping .... Thamby Ambz everyday drop face turn white. He..he.
_______________________________________________________________________

So I'm right then. I hv much more than you. But I don't need to worry, coz I'm a long termer. I don't care what the current market says the current value is. I hv my own value for Suma, and I'll just stick to that.

Only when the market comes around to the value I keep, and it always does eventually, will I consider my next course of action.

But you just wouldn't understand these things, would you? Coz you're just a frekkin newbie trying his darndest best to sound oh so smart and oh so clever, and not really succeeding.

Posted by woman_x > Sep 15, 2014 09:16 PM | Report Abuse

I understand happy Sh*tting in his pants has A lot at 61sen..
_______________________________________________________________________

Now only I know. Before you spoke, I only suspected. No wonder he's now sh*ttin around all over the frekkin place.

You businesswoman ma, Nooraini. Klu nenek pun baru celebrate 20th anniversary, so must be quite young nenek.

Taruk aja gambar apa-apa pun, apa nak takut. Gambar bunga ka, buah ka, pokok ka, orang ka, burung ka, apa ka.

Posted by DreamHunter > Sep 15, 2014 09:03 PM | Report Abuse X

Posted by happytradingz > Sep 15, 2014 08:59 PM | Report Abuse

He he. Dreaming again. Those who justify their miserable existance to total strangers are really losers.. He.. He..
_______________________________________________________________________

We know who's the loser now. And it ain't me, for sure.

Nooraini, taruk la gambar apa-apa kat lu punya avatar box tu. Baru la nampak corporate image sikit, kita punya bilik ni.

Posted by happytradingz > Sep 15, 2014 08:59 PM | Report Abuse

He he. Dreaming again. Those who justify their miserable existance to total strangers are really losers.. He.. He..

Just like those who justify they are rich.. When you got something, you never show off..He! He!
_______________________________________________________________________

Okay, let's not beat around the bush then. So tell us, how many big lots of Suma are you hoding now then, kid.

Suma has often moved in contrarian mode to DJIA n FBM KLCI, Ring. When DJIA/KLCI falls, often Suma rises, perhaps becoz some short termers shift from index linked counters to penny stocks, among whom Suma has regularly shown to be a frequent favourite.

I hv a full time day job, Mr. Happy. And I'm at head office now. So I can't steal office time to chat on forum, like previously, when I was at state.

I'm only up at the wee hours on the eve of a Monday, or the eve of a working day after a public holiday, when I've piled up many hours of sleep surplus earlier in the day time. No need to get your kiddy fantasies all worked up for nothing.

Judging by your posts, it's very likely that the total value of my holdings is substantially bigger than that of yours.

Posted by komnas > Sep 15, 2014 07:32 PM | Report Abuse

Should i hold or sell my WA and WB. Loosing a lot now if sell
_______________________________________________________________________

Depends on whether you believe in the 'cut loss' doctrine, or you don't.

If someone says 'Better cut your losses' at 80% loss, would you still listen to him?

Posted by andychucky28 > Sep 15, 2014 04:53 PM | Report Abuse

No need to wait. Go for other counters. This counter is like Iris.
_______________________________________________________________________

Yeah. We've heard you say that umpteen times already. Anyone listened yet?

HappyTradingz must be one really unhappy dude. Despite his name. Becoz Suma is not dropping as fast as he wishes. It might even go up again on Wednesday.

Suma is not affected by either Europe or China, or even US. All that affects Suma is the price of oil.

Posted by noorgreen > Sep 14, 2014 04:49 PM | Report Abuse

lets make a guess..
1st round
28 jump to 62 =+34

2nd round
44 jump to ?

sape blh tlg kira..i very poor in maths
_______________________________________________________________________

44 to 78