Hi kiddo,

My Bahvest average is $0.3, while you are starting to buy now.

Grow some balls, hairs, and wisdom. Ask your mum to feed you the right food too.

Oh mine, I missed the morning exit price of $0.45. Highest $0.455, and now $0.435?!

Push LFM, Push! Let me out!

Firerain,

Kiddo, go Read the article I sent -- https://www.munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

It is a fact, NOT "opinion", NOT Your ASS-UMPTION.

" ... IF bahvest's gold production increase to 200kg per quarter ..."
"... i ASS-ume total cost to rise by 20%,then... "

Wow, Bahvest up $0.04! At this rate, I would sell out the remaining of my position at $0.45 and higher, unless the company has news.

My average is $0.3. Come on Bahvest, push!

If you want to average down, make sure you have a SUGAR DADDY like Vincent Bravo, who has RM$10 million spare cash lying around, buying everyday for the next $0.2 drop. He bought everyday RM$100k from $0.5x to $0.2x.

With a SUGAR DADDY, of course he can lower his cost a lot.

And then blame it's your fault you did not profit like him.

I feel sorry for the people who believe in VB, and yet get blame from VB.

So here's a simple article about how International Gold Miner value a junior explorer Take Over valuation. Again, as I said -- USD$100 ~ $200 per troy ounce, with the economics, proximity to infrastructure, government cut, political stability, etc contribute to some variation to this number.

By this article, Bahvest should worth even less than my estimates of RM$100 ~ RM$$200 million, as it is in the category of "Inferred, Measured and Indicated", NOT Proven. Note that this article just published last month, for the valuation on Toronto Stock exchange which is probably where the world most gold mining companies are listed.

And Bahvest is bleeding $$$ in its Aqua business. Its market cap of RM$500 million now, is WAY WAY over-value.

https://www.munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

"So, you have to think back those individuals who strongly promoted the stocks 2 to 3 years ago and are no longer promoting it now "

817065, Wow . Thanks for the tip. So the names of these people, and their messages, are still on this message board?

Or you mean google newspaper from 2 ~ 3 years back? I only saw Bahvest LFM promoting his company after paying RM$96 million to Wullersdorf for this gold mine in 2017.

"the big sharks who fiercely promoted Bahvest?......remember their names forever because they will be doing the same on other counters later." ... "here were also a few others working together."

817065 , who are these scumbags low-life ? Please share the stories here.

"when BV was at 1.30 LXX itself promoted to his friends said that BV will goreng up later and in the future may get Rm5.00 "

Wah, Super, LFM said $5 himself to his friends? This is real shame ... because he knows Bahvest gold mine worth only RM$96 million. That's what he paid.

And with Aqua business now bleeding money like crazy, Bahvest as a whole is worth much less than $96 million.

LFM knows Tabung Haji is leaving, some big major holders are leaving ship, and he needs shares buyers to hold up the price. So he cheated his friends.

Damn, I never know LFM could go so LOW to cheat his family and friends.

Hero666, you are right. The price would linger here for a year or more. Read my reasons in the post right above.

It's clear there is an AXIS of STUPIDITY here, with the 3 Morons of VB, FireRain, and MusaAman.

Why? Because the lead bull Musa just proved my point -- The Bahvest Gold mine should worth only RM$90 million.

HA HA HA HA HA!! BAHVEST Only worth $90 million. But wait, this is worse, because as a whole, Bahvest is now bleeding money in its Aqua-business.

Read MusaAman -- "Bila bahvest beli wullesdorf dari ssgsb kat 2017, purchase price = myr90++" .

Yeap, the link is here -- RM$96 million for the gold mine . https://www.theedgemarkets.com/article/bahvest-out-prove-sceptics-wrong

Now read my previous analysis below:

"Internationally, when Gold is around USD$1500 per troy ounce, Major gold miner would take over small explorer like Bahvest, at a valuation of USD$100 per troy ounce of PROVEN gold in the ground.

Bahvest has 4.6 + 1.9 metric ton, so total is 6.5 metric ton, which is equivalent to

(6.5) x (32,150) = 209,000 Troy ounce.

In USD, that is about USD$21,000,000 , or 21 million USD.

Or market cap in ringgit RM$90.3 Million.

......

And this still does not count Bahvest is still BLEEDING in its Aqua Business. This is why big institution sold Bahvest last year, like Lembage Tabung Haji, and a few other major holders, back in Feb through March 2019. "

https://themalaysianreserve.com/2019/02/20/th-continues-to-balance-equity-exposure/

Jetko,

Seems like my argument FACT of International Gold Miner Valuation of USD$100 ~ $200 / troy ounce makes you guys scare huh ? Hit a nerve of LFM ?

Suddenly so many people try to come out twisting the FACT and topic to un-related stuff, like doing personal attack.

If got balls, go Google the FACT "USD$100 ~ $200" per troy ounce of valuation Proven Gold In Ground lah.

I am saving your life here. Many people here does not have RICH SUGAR DADDY like Vincent Bravo who have $10 million spare cash laying around.

Tabung Haji and the the rest big boss originally owned Bahvest, They saw the Bahvest Gold number, Tabung Haji and big holders SOLD OUT last March $0.6 ~ 0.7, and NEVER came back, even when Bahvest dropped to $0.23.

https://themalaysianreserve.com/2019/02/20/th-continues-to-balance-equity-exposure/

Firerain,

"so i'll stop comment here" <-- I see that you broke your promise again. Aiya, kids like you cannot keep a promise. Grow some balls and hairs to stick to your words lah.

"..chicken rice shop which is losing money sell at 5k,then another chicken rice shop should sell at 5k " -- and -- " i use 100usd to change 1700usd from you ok?"

Aiyo, this is the same tactic by a kid, who lost an arguement and try to pusing sini pusing sana, twist and turn to get some face. So far, I have not seen you bring any argument to my facts about International Take Over Valuation at USD$100 ~ $200 per Troy Ounce of PROVEN GOLD in ground. Instead, bring out un-related company like Public Bank, Chicken Rice Shop.

Kids, go learn something on internet. Grow some brain and knowledge before come back to challenge me.

"He got no track record. "

VB, Your track record is much worse than me.

Telling everyone to start buying Bahvest at $0.5x, when I was advising you wait till $0.35 -- See You at $0.35. You forgot meh?!

And then, you got RICH Sugar Daddy keep your trading account alive, UNLIMITED CASH buying EVERYDAY RM$100K spent everyday.

Of course now you are break-even can sell for small profit. But your followers all got burnt , because they do not have RICH Sugar Daddy.

Had they followed my advice wait till $0.35 to start buying, the average cost is below $0.3.

You are just a Rich Man son, a Play-Boy doing Fake Work from daddy to earn a living.

Musa,

I am not good in Bahasa Melayu, so I would explain in English.

1) "Jgn delay lagi cepat2 ‘dik buat proposal kpd intl major miner buat TO offer for bahvest besok jugak." <-- Do you know simple math? Bahvest is currently OVER-Value at RM$500 million market capitalization, while take over valuation Internationally, would value Bahvest at only RM$100 ~ $200 million. So .... which sorhai bodoh would overpay Bahvest now at RM$500 million TO ?

2) "Revenue/Income sekurang2 $100mil++" .
Again, please read my reply to FireRain. Revenue is NOT Income. Revenue is gross proceed selling Gold for RM$100 million, but incomes is after Sabah government royalty tax, cost of people, cost of processing plants. equipments, electric generators, maintenance, accomodation of people, road, etc. ... What is the profits of Bahvest? Yes, less than 10 million ringgit. You see that?

Just like Firerain thought -- "i use 100usd to change 1700usd from you ok?" . Revenue, is not same as Profit. If you cannot tell the difference, please go back to learn from your mommy. It's mother's day today. Ha ha

International investor is valuing takeover at a price of the PROFITS.

3) "Reserves 6500kg, dah keluar 580kg, ada lagi 5920kg balance tolak 350kg TO cost, nett balance 5570kg for 30yrs from 65ekar, 635ekar balance potensi."

Alamak, you should spend some time reading company annoucements. It still has 6.5 metric tons reserve in the Conglomerate Hard Rock. So far the 580 kg all come from top loose soil.

You think 635 ekar all has gold? You might as well say, every inch of Malaysia land has Gold. One small area has Gold, does not mean everywhere has Gold. Gold ALWAYS concentrate at one small area. Got it?

Only LFM want you to believe Gold is everywhere in the 635 ekar. ha ha ha. You believe this fairy tale story, hey, I got a Toll Road to sell you too. The pig can fly too.

ha ha .

Again, International takeover price value PROVEN Gold reserve in the ground. Not Pie In Sky.

And so far, Tabung Haji and some big owners already sold out back in March 2019. They saw the numbers, they LEFT, and NEVER come back so far.

I am warning those starting to buy into $0.4 now, hoping price to go to sky.

https://themalaysianreserve.com/2019/02/20/th-continues-to-balance-equity-exposure/

"My company revenue is $100, that's my profit of $100"."

ha ha ha ... you go hawker center, their revenue of $100, you ask how much they actually earn. Even the 10-year old selling you chicken rice sure would tell you that's NOT the real earnings. The earnings have to minus the cost -- rental, cost of chicken, cost of dish liquid, cost of gas, cost of ......

That's why, when Gold is USD$1500 per troy ounce, take over price is about USD$100 per troy ounce PROVEN Gold reserve.

LEARN some facts kiddo.

"walau eh,i really cant understand your logic leh.."

That's my logic, and that's my own decision to make.

Again, I am bringing to this table with information that International Gold Miner value a takeover at price of around USD$100 on PROVEN Gold in the ground, with the 3 major factors I mentioned. So far I have seen no one mentioned this important piece of info here.

What did you bring to this table for analysis. Show lah? Why keep to yourself and big mouth only about DEEP analysis that no one know for sure. lol

Like "My company revenue is $100, that's my profit of $100". ha ha ha. That's real deep, from Behind. lol.

Upside down "DEEP". ha ha ha.

"but i'll do deep research on every single company i invest"

Ha ha ha. Like "I get revenue $100, that's my profit $100". No cost ah.

Wake up, you are dreaming still.

And don't forget, the Sabah government probably also take Royalty Percent cut from the Gold mined.

Firerain, You run business before? You have revenue of $100, means your profit is also $100?

Are you a kiddo or what?

Gold mining is a capital intensive operation, with debt to build infrastructure of electric, roads, processing plants, and equipment, and the cost to maintain these as well as people.

That's why you need to also count AISC -- All In Sustaining Cost.

Before you talk out of simple mind, be humble and respectful, become wiser, that's the way to Not Lose money.

All right, since tonight I have some time, I would give you an idea why Bahvest is not going up much from here.

Internationally, when Gold is around USD$1500 per troy ounce, Major gold miner would take over small explorer like Bahvest, at a valuation of USD$100 per troy ounce of PROVEN gold in the ground.

Bahvest has 4.6 + 1.9 metric ton, so total is 6.5 metric ton, which is equivalent to

(6.5) x (32,150) = 209,000 Troy ounce.

In USD, that is about USD$21,000,000 , or 21 million USD.

Or market cap in ringgit RM$90.3 Million.

Right now Bahvest market cap is almost RM$500 million, which is about 5x more than what international major miner would pay to take over.

So, even Bahvest at $0.41, it is valued at extremely high valuation compared to international standard. Again, for PROVEN Gold in the ground.

Even if you are generous, saying :
A) Bahvest mine in good jurisdiction, where government would not simply change rules to ROB Bahvest
B) Bahvest mine is shallow, hence more economical
C) Gold price is higher now, and assume it would not go back down to USD$1,500 .

Given all 3 factors above, lets say you value Bahvest at USD$200 / troy ounce for PROVEN gold in ground, STILL Bahvest max valuation should be only RM$200 million. At current $500 million, its still 2.5 times more expensive.

And this still does not count Bahvest is still BLEEDING in its Aqua Business. This is why big institution sold Bahvest last year, like Lembage Tabung Haji, and a few other major holders, back in Feb through March 2019.
https://themalaysianreserve.com/2019/02/20/th-continues-to-balance-equity-exposure/

Only owner LFM is the buyer.

Disclosure: Myself still hold some shares in Bahvest, because It's the Only Gold miner in Malaysia. I am NOT Gonna put all eggs in 1 basket.

Warning: Don't fall in love in Bahvest. Set your sight in some other sectors and companies. There are plenty of Bargains out there. Wait for Dow Jones to plunge again to start buying some companies with good fundamentals. You can collect some Bahvest then.

Ask VC? Standard Answer:

1) Buy with your Spare Cash.
But he conveniently forget to tell you, himself has NEVER Ending spare cash. Buy from $0.5x every day spent RM$100K, all way down to $0.25.

2) He thumped his chest, screaming he is In The Green now.
But he thought everyone else has a Rich Sugar Daddy like him. Most others who follow his advice, bought from $0.6x down to $0.4x, average still $0.5x. PITY these followers still losing BIG.

3) If you still not in the Green, it's YOUR FAULT. It's your DADDY FAULT, because he was not rich to give you tons of $$.

ha ha ha .

Gold up USD$25, Bahvest seems not related. Wonder why ....

This VB guy is weird. As if Bahvest is his son that he is so proud of. Anything not good mentioned about Bahvest, sohai would get mad and tell everyone sell sell sell. Sell car lah, sell house lah, sell wife lah. Biggest Fool lah.

Strange right? Could not have a proper conversation. Think must have been bullied in school growing up. Have so much HATRED in his mind. Pity.

Firerain, no, the "conglomerate" hard rock processing plant is not set up yet. Bahvest since 2018 has just been mining gold in the top loose soil.

Firerain, 1st quarter is a bad quarter for Bahvest. Embrace yourself for more losses from fish business, no construction of its planned ore processing plant that would have mine more gold, and no mining for half month in March, but have to pay a lot expense.
And 2nd quarter started with 1 full month idling.

Don't be surprised if LKM Bahvest come out selling Rights asking for your money.

Why doubtful? Bahvest did produce good amount of gold in last 1 year. I you think Bahvest is a fraud faking the numbers, please report to police and sue them to earn yourself millions.

Thanks Jetko

Firerain, where is the Report of Indicated and inferred gold? Thanks

"Gold climbing up again. Does not matter covid19 or not, BAHVEST still has the gold value,"

Well, Bahvest still has Gold Value, IF IF IF it has proven RESERVE of Gold.

Big money institution would only come into buying Bahvest and push it up, WHEN either Bahvest has drilled enough holes to make good estimates of its Gold Reserve, or Bahvest CONSISTENTLY produced a lot of gold over a few quarters.

None of this condition is true so far. This is why Bahvest linger at the bottom.

"Oh now U no more expert in gold mine already ah? No U no more drilling techniques and bahvest wrong method ah? "

I know there is a risk Bahvest may drill wrong place and no cash flow for a couple months. This is why I said SEE YOU AT $0.35 many times while you were busy advising everyone to Average Down since $0.5x. In fact, I posted when I started buying at $0.35 saying its good Risk / Reward, because I have done my numbers homework.

All the while you kept telling everyone to average down from $0.5x .... till $0.2x. Not everyone is lucky like you to have RICH SUGAR Daddy that have unlimited $$. I pity these people that got brought to Holland by you, some lost big and quit, and some here still say waiting for much higher price to break even. Pity ....

And after harvesting profits with partial position, my average cost is now only $0.25. Pity them listen to wrong advice. Because your only strategy was Dow Jones, and Gold Price in $USD. Buy everyday, with unlimited money from Rich Sugar Daddy.

Even KFLiao been here for only 1 week, already know how STUPID Bahvest is with respect to Gold price. ha ha.

VB, again, you should go back to your cave in Tanjung Rambutan.

You putting all the things I did NOT say, onto me. This is called smearing. Fake people like you make fake accusations.

You simply cannot tahan, admitted you were wrong. When you starting screaming bottom at $0.5x, I kept repeating SEE YOU AT $0.35.

I try to save you, but well, as the saying goes -- MORON cannot be saved, MORON is never grateful.

"gold up so much this stupid counter still down".

Ha ha. Welcome to the club.

Except one member who would tell you to BUY BUY BUY everyday.

Every time Gold up USD$20, USD$30, etc he would be screaming to buy.

Every time Dow Jones up 500 points, he would be screaming to buy.

Every day was a BOTTOM to him. All the way from $0.5x to $0.2x.

He was actually seeing Bottom of LFM.

Am I making a poem here? ha ha.

I sold part of my position for a fat profit. Thank you Bahvest!

With profits, rest of my position average price now is below $0.25. :D :D :D

Terima Kasih.

Again, if next round Dow Jones start dropping, I would start accumulate Bahvest below $0.35.

If you only start buying Bahvest recently, be careful. No volume when price was in the $0.2x range. But volume exploded to 12 millions shares a day after hitting high $0.3x and $0.4x.

It seems we can confirm this guy VB escaped from Tanjung Rambutan.

Always seems to change topic to imaginary jobs at Bahvest.

But cannot admit to screaming bottom buy at $0.5x, bottom again $0.5, another bottom buy 300K $0.45, then bottom again $0.42, dancing call bottom $0.38, .... bottom bottom bottom. Haha. Seems like VB like bottom of LFM, not the price bottom. lol ! oh .. my tears almost come out too.

VB, you ask too many questions, and they are irrelevant to future prices movement of Bahvest.

Just acknowledge one thing -- you told everyone BUY EVERYDAY, it's bottom at $0.5x, then another bottom at $0.5, Bottom Buy again $0.45, bottom $0.42, Bottom lagi $0.38, bottom .. bottom ... bottom.

Ha ha. Be Thankful lah. It's a FACT I told you, starting at $0.5x when you screamed bottom, I told you See you at $0.35.

Be Thankful to my advice lah.I thought your mum teach you gratitude?

VB,

"why U didn't just wait until 23 sens then buy?"

Ha ha, some people are soo greedy. When Bahvest at $0.5x, already Told you to wait for $0.35, still not happy, still want to complain about why not tell VB to wait for $0.23. There is a nickname for this kind of people -- Greedy Bitch. Always complained, contribute nothing, VB got my help to save money to avoid buying $0.5x, but still not grateful.

"how much did U earn if 35 sens to 40 sens. 5 sens kah?"
Alamak, VB, I did not expect your IQ is so looowww . How come so low? I told you many times See You at $0.35, and I said I started buying at $0.35 all way down to $0.23. So your math says my average cost is $0.35 and now only untung $0.05?! ha ha ha. If you cannot understand why I am laughing at you, ask your mum loh. Or ask some of your blind-supporters minions here.

While you were busy telling everyone Bottom at $0.5x, Bottom $0.5, Bottom at $0.45, Bottom at $0.42, Bottom at $0.38, etc ... and buying everyday, I kept telling you See you $0.35. No? Be Thankful lah.

"U only started end of Jan 2020. Meaning U have earned 0 from bahvest before"
How do you know, if I did not use a different username, under different email account?! Ha ha. Old tech or No tech guy like you just learn a new trick today huh.

Wonder why Bahvest has a bad image / reputation? It's because of Blind pumper like you, telling BUY BUY BUY everyday. No numbers, no strategy, no backup plan.

Do you know why Realtor has a bad reputation as a Whore, Too? Because they tell every customer to BUY everyday. Everyday is a good day to buy a home, regardless of economy, interest rates, home price plunging. Everyday just BUY BUY BUY. Bitch.

Ha ha.

Alamak VB, you got brain damage kah ? I suggest you visit tanjung rambutan to see you psychologist.

You dance like monkey when gold up usd$50, as if Bahvest gonna go up big next day. But then, Bahvest behaves like Erectile Dysfunction just like you.. But instead of focusing on the issue and topic, you blame your erectile dysfunction on everyone else . Tell everyone else to sell.

Ha ha.... you Must have too much stress buying in all the way from $0.5x. Instead, should have lower your ego, you kneel b4 me and called me SiFu , because I have been saying many times see you at $0.35, when you are busy buying at $0.5x.

I slowly buying in, averaging down to $0.23. And I specifically tell everyone when I started buying at 0.35, saying risk is low. I have been relax and laughing all the way to the banks now.

Aiyo ... Gold up USD$50, Bahvest barely goes up. With such big volume, it is telling something?

Gonna sell some shares to take some profit.

Yes, you did say $0.4 bounce target, just like I told VB See You at $0.35.

Only VB has no idea, up or down. Just buy buy buy.

VB, It seems like you are getting old. You mistaken my "See you at $0.35" with someone else who said 10 sen.

I suggest you think , and look, before opening your mouth.

Aiyo, going up I also untung. Going down I got money to buy some. I am already in the green, since buying only starting $0.35.

Poor VB. Telling his wife, relatives and friends buying at $0.5x. Said cheap, cheapest, cheapest ever. haha.

Push VB, Push! Let's go $0.35 today.

No oil No problem. Call LFM to buy too. He was 200% convinced Bahvest has tons of gold.

Buy lay. Boost confidence lag. Don't hide behind wife or relatives to buy indirect. Show us the confidence

VB, you keep telling people to sell and buy back later at lower price.

You should have taken your advice, starting from $0.5x.

Ha ha.

"Bahvest got 30 years lease. Now only 1 year. Balance 29 years... So why worry"

Ha ha ha .... I worry LFM and VB don't have 30 years.

I don't buy and hold 30 years. Siao Lang....

VB,

"The part with a lot of gold called the vein not yet reach. "

Do you know for sure? So far management has not shown any underground Gold survey map .

See how the real and scientific work is done here --

https://stockhead.com.au/resources/de-grey-needs-a-bigger-drill-rig-after-confirming-major-pilbara-gold-discovery/

VB,
1) " Super duper cheap. Its at the price bahvest have no gold mine and just fish".
Problem is, that was TEHN, now the fish all dead because no more customers buying for many more months. Fish business LOSING BIG $$$

2) "world gold price will explode to a new high of easily around USD2000"
Maybe, maybe not. When Euro ECB and Federal Reserve printing unlimited QE from 2011, Gold price plunged from USD$1900 to USD$10xx. 6 years bear market.

3) "and that's the time our currently sleepy, hibernating counter will also jump."
You mean, when Gold jump from USD$1300 to $1700, Bahvest went from $0.7 to $3?
Ops, no, actually when gold price went up extra USD$400, Bahvest went from $0.7 to $0.22.

These are FACTs, not what you feel or predict.... or what supposed to be

Where is our promoter cheer leader of Bahvest?

Is he all right? Bahvest cannot pay him any longer?

Did he puke all shares and move on?

Mati lah ....

No promoter, no goreng, no hope.

Come on, where is our beloved VB? Where is our LFM?

We need to see them buying daily 1,000,000 shares to boost our confidence.

Hello?!

Think LFM is Lao Sai. And Erectile Dysfunction.

VB, get him some blue pills. Buy Bahvest. Else I think soon will see $0.18