when investing in SPAC............go for mother for more secure gains. Unless you wanna take high risk game then go for warrant for gain or broke.

food biz is more likely to get accepted than O&G SPAC.

as long the revenue and profit improving, i am not worries.

previous rights issue on 2009 were supposed to put the company back into biz and profitability but sadly after just 3 years the company still in red and another rights issue on 2012 were initiated with the same promise and now 2015 another 3 years later another one.

Do you think the company can fulfilled the profitability promises?...............i won't trust this company anymore.

Posted by Orga > Nov 25, 2016 04:13 PM | Report Abuse

IMO, not just do not contra.. do not invest in this con company.. invest your hard earned money to anywhere else. Fake FA and hugely manipulated stock..

Not fake company and projects?..............just fake FA and manipulated stock....hahaha

why someone posted and withdraw it?

how much more can it goes crashing down?.....0.005sen?.................i can bet it will rebound fast than a bullet train.

Gold price although drop but US Dollar rises so it is neutralise off the effects.

pity also to those chase high for last 2 weeks above 2.40.

anyway, the stock is doomed without local funds and GLC to supports it.

the same goes to FGV before the merger exercise whereas all their overseas subsidiaries are all losing big money. After merger only local biz manage to gains enough to cover the shortfall from overseas companies.

Sooner they're going down.

worst still KWAP, KWSP, TH, LTAT whatsoever rich govt funds being use to shore supports into FGV................after all it is people and depositors monies. Who cares about us.

Turkish unit reported 57 mil losses....................where else division next?............told from beginning the listing is to fill someone coffers.

medical and chinese TCM is another trend going forward.......that's why the potential is high.

free warrant is WA.

yes exercise price is conversion.............just the terming use.

the warrant exercise price of 22sen is reasonable and upon listing of the free warrants.......it could be in the range of 6sen to 10sen.

a nice entry price for those bought now and go thru the RI n free warrants...............the company sets to announce the 3rd quarter end of this month and it will re rated accordingly so the RI is not expensive......plus the high potential appreciation in coming months.

My opinions.

i am just concerned about this SPAC isssue because i have SONA mother too.

then good luck to you.

therefore, only the big ticket holders can determine the stock price and it will be artificially supported beyond fundamental.

although the warrant look cheap even at 5sen but the conversion really puts you off....at 0.75sen......making it 80sen.

Compare with mother at 64sen, that is 25% premium.

In order to worth 80sen, how much net profit it need to churns out?.

No ones really know the bottom but the price will suffers more downside due to private placement and also re-rating of the stock based on biz and earning fundamental now comparing prior to QA approval which at that time all the hype is the QA will fails and the yield return is +-0.77sen.

Now the scenario is completely opposite and only those big ticket holders will determine the supports for the price artificially.

speculative play only if the big ticket holders plays them to their vested interest.

no borrowing?.................at current moments we do not see any but once the assets is taken over and they start managing it then we should have clearer pictures.

thats is why those proxy and close to the Management voted YES to saves their career at the expense of other shareholders..........could the assets really overprice?.

but it is too late now.........they need to take the brunt for lower price in coming months........from a 10% gain upon realization if voted NO.

Only gainer is the warrant holders whom gets an extension life.

YES PREVIOUSLY SHARE PRICE LANGUISHING AT AUD 0.025, NOW ALMOST 100%.................THAT IS THE SIGN.

The price of warrant now trading 28% premium which is still acceptable.............but once mother start downtrend..............the warrants will follows


OR..............

if investors think that it shouldn't command that high 28% premium...........then it will falls rapidly.

Many now trapped hoping after the QA is approved the stocks will rally up....................but forget that once you accepted the biz............it takes years to report decent earning to sustain the stock price or better price...............but now too late........you need to hold longer term unless the assets churning good results immediately in the coming months but that still need at least 3 to 4 quarters to fully evaluate the fair price of the stock.

Reach gonna call for Private placement and that's why the private investors want a lower entry for this block purchase. Hence, you will notice once the price is trading at a level for some point of time, then that is the rough price to determine the PP issuance.

But definitely the stock will trade lower for days to come because it is full-fledged biz based on oil revenue. The longer the company drags on with the oil biz and reported lower earnings or losses then the stock will trade lower and lower.

Therefore, you guys better bet it reported good earnings to sustain the price at it is.

Based on the current stock price, and a reasonable PER 12x, the earning or profit should be 68mil per year or 17mil per quarter.

time to sell warrants......)))) making tons of profit and switch to RedSena warrants and wait for the same windfalls.

pity those chasing warrant at 10s..................good luck.

mom price drops because they tracking the revenue and profit from the QA..............so now retreating to reflects the true PER.

warrant will follow suits.

when mom keep dropping, son will become overly price and will adjust accordingly later.

warrant holders bought 10s trapped now..................all start to throw.

No concrete result to back the so called biz expansion and improve earnings. The last 4 quarters revenue is still lower than previous years.

USD dollar spike up and the cost of acquisition increased while oil price going south.

waiting for 3rd QR that will be in 2 weeks time.

Then re rating of the stock will kicks in.

Added bonus is the Gemas HSR announcement that will gap up the price.

Let get our fingers cross.

As long oil is down...........which it should then can kiss goodbye to QA.

0.005 green for daily.....................you think you got the chance to sell or buy it?.

what a pathetic comments.

The breakthru for Glotec only in early 2017 when CBM gas commercialize.

Don't believe?.....................never mind just wait and see.

agreed with meathere.........................nothing to worries about...............the ship will steered it ways to the berthing pier when it is near the harbour.

Nothing to be scare about when things is not confirms and he is barely into office yet.

it overreacted and overly concerned on something yet to happens and might not happen at the first place.

I don't understand some people here when the stock battered down...........all turned negative and starts bashing it.

Now the stock up, singing different tune.

It shows you guys have no confidence and self controlled when comes to investment.

You're dictate by your emotion rather than critical and rational thinking.

Not every American company or factories will relocated back to America..............for God knows the reason. If Trump were to imposes something like sanctions on imports from around the world, the other side can too.

I don't think as a good businessman will have that mind.

It is based on mutual benefits and 2 ways trade.

Don not overly concern.

Trump wins is much needed for a complete changes in the US economies and the world for particulars. I supports his visions.

Hope TPPA is aborted completely coincide with his stance announced earlier.

Trump already said that he will co-operate with any nations that willing to go along with him..............thru partnership and not conflicts.

Nothing to worry now.............markets gonna back to usual.

Dow future recovering from -700 point, now only -442

time to buy..............since Trump won already. Market is certain and get back to works.

Hopefully the company bought lots of gold for the past months..................today and forward looking since Trump is leading, gold already surge and Bornoil should starts selling the gold now. The next quarter will see increase in revenue and profits compare previous quarter.

he will wins the election providing no electronic tabulation cheating with a click of a mouse.........hahaha.

mentos512..................not suggested to enter now......it is fully valued by now.

wait for next quarter result before decide................if softened then could break 3.50 and below...............my opinion.

A change in guard from the norm is good sometimes..............some industries will flourishes and some will spiral down after Trump wins the Presidency.

All is not lost.................in any kind of scenario there are winners emerged...........so nothing is totally lost.

Same like VIVO..............the operators are the one controlling until the emerge of events that will alter the course of the stock.........................only loser is those that loose faith with the company.