They have reported NPRA clinical trial approval for a diabetes drug since 2021, but this will take 10 years for the conclusion. Unless there is good news on the progress, it's hard for the price to move in an exponential trajectory.

And I heard that with 70 percent work force they still can run full capacity. You go and figure that out if it's good or bad.

https://www.wsj.com/articles/warren-buffetts-berkshire-hathaway-joins-the-gold-rush-11597682998

Gold price up almost 30%. Warren Buffet also invest into gold related stock, ditching banking.

https://goldprice.org/

@yttish Add me please

If you look at the report of the mineral survey before the commencement of the mining operations, the area is also rich in copper. Of course the copper is not as precious compared with silver and gold, but if based on the same area of the 28ha (surveyed area), estimated gold reserve is 6.5tonnes (USD62000/kg), silver reserve 20.4tonnes (UDS830/kg), and copper 6,800tonnes(USD6,300/tonnes).

Based on today's market value, that's USD403mil + USD16.932mil + USD42.84mil = USD462.772mil. (RM1.897bil based on RM4.1/USD)

The leased area is 317.17ha. (35 years lease until 2048). This means, an area of 289.17ha (10.3275x of 28ha) wasn't surveyed. This is a shadowed area where we do not know how much deposit of precious minerals are there.

I don't see they ever process copper so far from their QR report, only gold and silver. Not an expert in this if the concentration is commercially viable. But if this is commercially viable, how much they will be able to generate more revenue and profit?

Agreed, but it's not buy some, you can check since Mar, of course he sold 2.4mil on Jun, but if you look at the total that he's acquire ever since and also the number of the Jun, how much he bought back.

Perahps I choose to believe he knows better of his business potential and not 'kaki goreng' for now.

I believe he will continue to accumulate at this price point.

Let's see if he'll be riding on market sentiments or otherwise.

Thier gold mining is making $$, but aquaculture is the one dragging them. Unless there is a change is the demand for their aquaculture products or they can successfully explore new market for this segment, it will take times for them to transform.

If solely looking at the mining operations, I believe that this is going well with 2 factors in mind:
1. Gold price in uptick movement (panic selling due to share falling beginning of the week)
2. Lower cost of diesel (lower fuel price)

Another item that is interesting to see is Datuk Lo acquiring shares even it's at high price point.

https://www.theedgemarkets.com/article/kossan-supermax-be-added-msci-global-standard-indexes-constituents-ijm-corp-dropped

https://sg.news.yahoo.com/coronavirus-who-covid-19-infections-accelerating-152256112.html

the losses are due to high impairment, depreciation of value of assets, I don't see any reason why share capital reduction as to have possible dividend payment in future as laughable.

read
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=199839&name=EA_DS_ATTACHMENTS

I thought sea sand is prohibited from export in Malaysia? River sand only is allowed.

1), Ageson's subsidiary ESA Pile Sdn Bhd RM330m JV with Singapore's Navis Marinus Ptd Ltd (TERM SHEET),
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3044574

2), Ageson's subsidiary ESA Pile Sdn Bhd acceptance of LOI from Boyujun Resources (HK) Ltd,
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3045655

3), Ageson's subsidiary ESA Pile Snd Bhd awarded PO from GKI.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3047940

The first two are only an MoU which is worrisome, but last one is PO. Even then PO could be canceled and we do not know the actual T&C of the PO and its impact to Ageson.

I guess that's why a lot of forum users here post up a lot of questions with a lot of uncertainty.

one thing that is really a concern for me is the fact that the company free cash flow is in the negative

Most welcome secret1q, as we all could see from here that the reason of the price movement is lackluster as there is this ICPS here that causes the forward valuation of the share to be difficult and also a huge gap between min and max scenario even they secured a big project that is with PO valued at RM1.83bil a year. Please note that my earlier assuming is also considering they can fulfill the required amount of goods to be delivered which others already point out that it's a massive amount of sand, in fact.

AGES - I. RENOUNCEABLE RIGHTS ISSUE OF NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (ICPS) (RIGHTS ISSUE); AND II. ACQUISITION OF A PARCEL OF DEVELOPMENT LAND (ACQUISITION)
AGESON BERHAD

Kindly be advised that AGES’ 3,860,754,392 ICPS issued pursuant to the Rights Issue and 750,000,000 ICPS issued pursuant to the Acquisition will be admitted to the Official List of the Exchange and the listing and quotation of the ICPS on the Main Market will be granted with effect from 9.00 a.m., Thursday, 19 March 2020.

The Stock Short Name, Stock Number and ISIN Code of the ICPS are “AGES-PA”, “7145PA” and “MYL7145PA035” respectively.



If based on the above information, if all the ICPS is converted to mother share, there will be additional 354,673,414 listed share based on conversion mode I. If based on conversion mode II, that will be additional 4,610,754,392 listed share. Before the ICPS, it's 502,108,290.

4/May Conversion of 80,000,000, diluting the mother to 582,108,290.
6/May Conversion of 58,000,000, further diluting the mother to 640,108,290

Total converted ICPS so far is 138,000,000, leaving 4,472,754,392 yet to be converted.
And, based on the above conversion scenario, it's conversion mode II.

Minimum dilution by remaining all ICPS with conversion mode I, 344,058,030 mother shared will be added. In this case, the total outstanding share will become 984,166,320.

Maximum dilution by remaining all ICPS with conversion mode II, 4,472,754,392 mother share will be added. In this case, the total outstanding share will become 5,121,862,682.

Based on PE:
We've no information about the profit margin of the recent PO awarded for the sand selling (assuming this is the only business profit for the company while the rest is negligible). The only way to derive its EPS will have to assume the scenario of % of the profit from the sales. The award is amounting to RM27.5bil for 15 years, turning into RM1.83bil a year.

Profit at 10%, that translates to RM0.183bil a year.
EPS:
Min dilution case, RM0.1859, at PE 10, fair price is RM1.859
Max dilution case, RM0.0357, at PE10, fair price is RM0.357

Profit at 5%, that translates to RM0.0915bil a year.
EPS:
Min dilution case, RM0.0915, at PE10, fair price is RM0.915
Max dilution case, RM0.01785, at PE10, fair price is RM0.1785

Profit at 1%, that translates to RM0.0183bil a year.
EPS:
Min dilution case, RM0.01859, at PE 10, fair price is RM0.1859
Max dilution case, RM0.00357, at PE 10, fair price is RM0.0357

(Max dilution case will have to consider more on other factors as it will increase the working capital of the company as conversion mode II will need to pay RM0.12 to get 1 mother share)

sea sand is not allowed to be export, but river sand is ok.
https://www.malaymail.com/news/malaysia/2019/07/04/no-sea-sand-export-but-river-sand-ok-natural-resources-minister-clarifies/1768264

sorry, it's 13 units of Ageson-PA

to add, if Ageson mother share price is more than 13 unit of Ageson-PR.

so if really it PA drop to RM0.005 will you sapu and convert to Ageson share? :)

I don't derive PA price, min tick in bursa not RM0.005 meh? Can you sell or buy at RM0.0049 or number lowered than that? I also blur blur, can you tell me if subscribe 1 PR will it be same as getting 1 PA upon listing? The tenure of the ICPS is 10 years, meaning maturity in 10 years right? No?? I really blur blur

Maybe I blur blur, but let me put it into this if my understanding is correct:
1. You owned Ageson, and you're provided with the chance to subscribe the ICPS at RM0.01
2. You can trade Ageson-PR until 26/Feb/2020 if you don't want to subscribe (correct or not>??). Failing to subscribe or selling off within the said timeframe will just make it as nothing happens.
3. When Ageson-PA is listed (those who subscribed to the ICPS), the min price is RM0.005 (cannot be zero, right?). But don't think ppl will subscribe and sell at a lost or same price (RM0.01), right? Unless Ageson is making loss over period of next coming 10 years timeframe. So, I don't think can get Ageson-PA at RM0.005 lo... (dreaming). Isn't 13 Ageson-PA also convert to 1 Ageson (correct ka?)? Do you get what I mean? Or my understanding is wrong??

I said not now lo... there is no PA now mah...

I say when it's listed as PA and the price is 0.005, not PR.

so let's sapu if PA is 0.005 lol

huh? you can sell/buy during subscription period meh?

It's not tradeable at this moment right?

Williamwongcs, strange, there is a lot of sell Q, no buy Q, how come you can't get?

What I mean is Ageson getting ERCL job is not speculation?

So ECRL is not speculation?

The question will be if they really got ECRL, where do they get the working capital?

You can see that their FCF is in negative. It's not healthy. If they manage to turn things around, of course it has a huge potential by looking at its NTA.

Just my POV, if it's really that much of huge potential in clearview, those -PR currently traded should be "hot" item and increased in asking price, those insider will just 'sapu' up.

I really don't know where the ECRL comes from unless there is an insider here who knows very well of non published information as of now.

The ICPS is dealing with the development for the Batu Ferringhi consists of mixed development of Service apartments and hotel. The said parcel is along established stretch of hotel like Hard Rock, Shangri-la, Holiday Inn. 3 main holders have fully subscribed, i.e. Chin Kok Foong, Dato' Liew Kok Leong and Ukay One Sdn Bhd which forms the fund raised as RM13.26mil. How they utilize the proceeds has all been detailed in the prospectus. I guess all need to read carefully before coming to a final decision whether to subscribe to the said ICPS. The tenure of the ICPS is 10 years from 20Feb20.

I wonder if anyone really read the ICPS prospectus and what's the purpose for the cash call.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3024563

https://www.theedgemarkets.com/article/wuhan-virus-local-factories-ramp-production-face-masks-meet-demand

someone said 1.45... mana?

this time shorter, back to normal

system hang...

sheep, it's happening... my god

zerosumplayer, yes, very logical. Just to add, SkyWorks is a bit unique where they have their own factory. But they also sub to OSAT for their products which is also to our Malaysian based semiconductor OSAT (not Inari).

@BullRun_93 lol

RainT must be got a lot of ESOS and earn big time... ;-)

https://www.thestar.com.my/business/business-news/2019/12/20/disco-ceo-sees-chip-recovery-taking-root-ahead-of-forecasts

unless you think that this is bs, Y2020 is rosier than what we think

BullRun_93 :(

Looks like my dream of collecting at 1.50 will not materialized

Well, a lot of intraday players now, the hype still there and please do more, so that there will be another Christmas sales for us to collect... hehehehe....

Where FA is failed? lol

ray1980, i don't mean you're not telling the truth, but if you have link, I'd love to read as well. thanks.

ray1980, mind to share the source of the Taiwanese company?