As for the price movement, I don't mind it stays around here, then have a good limit up when the news announce.... this way, those holding on to Sona would feel much more rewarding....hahaha

The last part of the news:

Salamander also confirmed it expects the sale of a 40% stake in the B8/38 concession in the Bualuang oil field in Thailand to Sona Petroleum Berhad is on track to complete before the end of the year.

Why worry... only thing is better fast fast get out from SPAC status so that can go bargain buy more asset from Salamander.

I hope Sona management get this done fast fast... then take advantage of current low oil price to buy more asset from Salamander by goreng the stock high high above 1 to issue rights to finance the asset buying...(Just my "chrismas" wish) hahaha

Suddenly quiet down....? no worry more to come with annoucement so close already....hahaha

Enjoy the quick fun already I sudah turun lor.... got to give space to other ppl also like you said let other ppl naik bas travel further....hahaha

Ya? then I better turun bas first later.... hahaha

derrickinvestor i think long long ago you intend to buy when hit 0.45....hope you did....hahaha

This is for real lor...hahaha

Bought my ticket yesterday @0.28 so so much lower than the price 0.625 paid by the boss.....hahaha

Due date 28th Oct could be just rumour.... seriously I do hope they get this done asap...hahaha


From Salamander announcement dated 20th Oct:

Salamander understands that SONA is expecting to receive clearance from the Malaysian Securities Commission (“MSC”) in the coming weeks.

Then again may be someone really seriously start to accumulate before the announcement.....anyway, next week would be interesting week for Sona I think...

Suppose to be just a technical rebound then somehow someone find it a bit tasteless so "intentionally" add in some hot chili and start goreng it a bit....I guess you will have to wait till next week to find out how "hot" this will turn out or may be not? hahaha

Congrate to those who sell for a good profit.... for those who still hold on like me (don't follow me, you must have your own plan of exit) hope there is no spoiler from US market tonight....hahaha

I already put on my safety belt before it fly lar....hahaha

No way I am going to sell now after waiting for few months already and the announcement of QA approval is getting so near....hahaha

Finally for a change nobody complain....hahaha

The QA approval not even announce yet... got plenty of chances... won't die lar if die also won't die alone....

if the QA approval goes as plan....

looks like interest start picking up....hahaha looking at close above 0.45 today...

Delay or not is the least concern to me, what I want is approval from SC, then we can start to have the ball rolling...hahaha

Positive news....hahaha

This time feel more like a correction to me.... anyway, whichever the market move I am not too concern at the moment, only got Sona in hand....hahaha

yesterday and today buying finally bring my cost down to the safe zone 0.45.

Bought back @0.455 for what I sold last week....now my cost below 0.47....hahaha

I don't like the current world markets sentiment... have taken profits and cut loss on other counters. For Sona the drop so far is minimal, will see how these few days to decide to reduce my position by half or not. Hopefully 0.465/0.47 will hold.

how to go down ler... looks like many holding tight tight with quite some good vol in hand.... got to depend on the "smart" contra to do the job lor....hahaha

Surprisingly low vol today.... no more "smart" contra left?

Whatever.... I am holding tight tight...hahaha

Good decision calculate your risk before investing, in the meantime no harm wait and see...hahaha

BTW, you sure everyone is excited over this tiny up? I don't even feel it...ppl are just joking around here lar...may be when it reach my dream TP=1 then you will see me excited...hahaha

Goreng a bit where got enough... need to buy iphone 6 for all employees, so got to goreng kaw kaw la... hahaha

hopefully next week can crack 0.385 else will consider to come out...hahaha

base on my gut feeling.... this time heading higher....hahaha

looks like more to come...hahaha

You can wait till next year when Sona shows profit then buy lor... may be by then you can get Sona @ 1.00.... hahaha

I thought here only got the smart investor who holding and the "smart" contra who buy high sell low...hahaha

:) no worry.... sona boleh!

No need to worry so much lar... If it is really the case then I do believe Sona team already have a contingency plan in place before they proceed with it...that's the special skill for those involve in O&G business (always have a contingency plan).... worst case, look for another QA, and ppl start to speculate again, price may even shoot up much faster....think positive...hahaha

I invest in Sona, because I see the value.... simple as that, price up is just a matter of "timing" which I have no control over it but I do have full controlled as what to do with my Sona share that is to hold tight tight.....hahaha

Share no up investor will get nothing...better than contra players have to cut loss....hahaha

Hopefully not many those "smart" contra- buy high sell low left...hahaha

I buy since @0.6,,, suprise suprise, now no more paper loss...hahaha

if go down to 40 I sell all mine to you....hahaha

next week possible we give 0.4 a try....?

warming up... warming up....hahaha

Bought some today... testing testing....

:)

:)

warming up...warming up....hahaha

I am super happy today... sold all @ 0.46 with 30+% profits in a day.... you all continue with the fun....hahaha

Jjtrader, don't think you want to dispose at 0.46...hahaha