cash is king now => Sona

if this is Tan Sri AK company, I can ensure you, he will privatize this company, if not listing its subsidiaries.

buy, buy, buy sona, limited downside...

wow, selling pressure... be prepare to average down.. I just want to know, who are the seller? must be short term trader

to be honest, I am starting to sweat.. hahahaha but this feeling remind me to Prestariang when I keep collecting it to average down beyond my financial capabilities, and after election, it boom to RM2.00.. :)

You just need to rely on the good management and I am sure Sona mgmt. doesn't want to be the first SPAC to fail..

Yes Noriz we are very very very stubborn.. you maybe right this time for this counter but you wont be always right in future.. its karma

Fact No. 1 : Sona have cash per share : RM0.45 cent (current price 6-7% discount)
Fact No. 2 : Sona have till Mid 2016 to acquire QA
Fact No. 3 : Oil price down mean assets price will be cheaper
Fact No. 4 : Currently this is one of the safest OnG counter.. still get return if no QA
Fact No. 5 : Based on BFM interview, Hadian is looking assets which producing cost around USD40-USD50 (still profitable with current price)

be patient.. oil price drop (KLCI counter downtrend).. oil price up (our daily expenses increase).. now government already put fuel price floating mechanism.. as long SONA still have cash, shouldn't be a problem..

give it 3 months, I am pretty sure it will stabiles around USD 90.. all those Arabs need to have money to buy military assets, who else will suffer it there is no wars.. US la.. hahahahaha

its always like this.. seosanal, crude oil slide down (oversupply, economy not good, recession), crude oil naik (short supply, economy pickup, war) BUT everybody know it is consumable product.. if cheap it will go to waste, if expensive people will complain..

kensen, yes you are right, as Hadian say they are a lot ot asset out there but no enough cash.. sona have cash

ini kalilah.... accumulate more or waiting to drop more? part of me want it to go up to realise profit.. another wish it to drop to accumulate more... hahahaha.. ayoooo

good2 for recurring income..

yeyyy, hope for good dividend, something to please me since not doing well in other counter..

my suggestion if current price and your average price is more than 15%, you should buy to average down..

no worries la, just keep like FD.. with current price, unlikely you get burn.. hehehehe

MAS is definately the BEST.. lucky i didnot have internet access to sell.. Hahaha

KOS, please push the price.. We are supporting at RM0.38-RM0.40.. if we are lucky enough we will get it..

be greedy when others are fearful.. it is easier to say than done.. hahahaha.

KOS sudah sampai KL? dont worry, party just started

I didn't know much about OnG.. hahahaha I mostly invest in dividend yield stock

the main reason I am still investing in Sona because of Dato' Maznah. She is good and will secure your investment..

Yes this is stock exchange fren... This counter is for investor, to be an investor you need to hold more than 6 months.. if not you are a trader.. Trader take risk and they knew the risk just like IFCA, Sumatec, Glotec and Warrant..

pisangkuat, I did not lose yet, because I am among the initial investor..

To lose a great potential asset because of late approval is soo frustrating.. You know it can make money, all loan has been approved but you you didn't get the approval.. cehhh

SC should be the one to blame.. late approval.. timing is everything.. Doesnt SC have a O&G expert to view this proposal? if not they should have one since most SPAC related to O&G

sona now top 10 most active counter... good exposure

aisehhh.. miss the party. unable to get below 0.41.. too busy with office work

@trader66.. I think so too.. somehow Salamander mgnt wait to sell ASAP

cant wait for LSE to open.. want to see SMDR and Ophir shareprice movement.

how low can SONA go? my guess 41 sen.. with current price short term losing 6% but in two years you get 45sen plus interest

noriz, if you already sell your SONA, just don't comment here, pls move to other counter as you say KLCI have more 1000 counters.. pls don't undermine others, SONA still have more than a year to find another QA

losing side is Salamander shareholder since Ophir rig drying

salamander shareholder will get 0.5719 Ophir enery share.. but Ophir shareprice keep dropping to 167p from 202p when they announce it..

callme777.. so early!! losing confidence?

has SONA identify any backup QA? if not, die la.. hahahaha

give a break to KOS, he need to sell his ifca dulu to realise profit.. that is y ifca now down.. am i right KOS? hehehehe

again, when is the last date for SC QA approval? lets hope that SC didnot ask for extension of time for approval.. just like SONA ask for extension for submission

imo the only way to move forward when analyst cover this counter... so that local and foreign fund manager enter and push the price up.. in ifca cases my guess CIMB pushed it when they promote it (of course they already bought it earlier)

this is like fix deposit, we sure we get the return but nothing to talk about it

boringg.. all counter got up and down.. this counter hardly move.. boringgg

CEPSA cancel maybe because management insist selling to SONA because attractive price

should ask jho invest in Sona.. then goreng kaw kaw

Today the Star newspaper

KUALA LUMPUR: Sona Petroleum Bhd is committed to secure the B3/38 and G5/50 concessions in Bualuang with Salamander plc.

Sona said in a statement yesterday that this was despite a proposal offered by Compaa Espaola de Petrleos (Cepsa) to Salamander.

“This is not the first time that Cepsa made an offer to Salamander and the latter has clarified that an agreement signed with Sona on Oct 27, 2014 remained as top priority for Salamander,” Sona said.

Earlier, it was reported that Sona would acquire an effective 40% working interest in the B8/38 concession, containing Bualuang oilfield and the surrounding G4/50 concession, both located in the Gulf of Thailand.

Salamander was expected to receive RM936.084mil via the sales. – Bernama

OMG.. untraded yet

more comments non-regular sona comentators.. yup sona just start to be cooking.. hopefully goreng, not steam bcause steam take a while

Salamander market cap around rm1.9bil and sona will pay 0.9bil for bualang rig.. almost half salamander market cap.. better sona team up with reach or cliq to buy salamander.. hehehehe

no worries, not confirm yet

Salamander noted there can be no certainty that the proposed offer will be made, and advised shareholders to take no action at this time.