http://www.bloomberg.com/news/articles/2016-11-01/buy-gold-no-matter-who-wins-the-election-hsbc-says

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5237509

Shares buy back.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5236121

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5236549

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5232949

Why the Gadang's director sell shares?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5231125

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5230361

Brahmal acquires 3% interest in OCK

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5209641

Director continues to accumulate shares.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5204297

Director accumulates shares.

To ez6699,

Thank you for sharing good info of MD biz direction.

Happy Investing Everyone.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5190657

Reported Quarter 2 profit.

After bonus issue what next? Avoid catching falling knife.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5191117

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5178121

Franklin Resources Inc sell until they ceased as Substantial shareholder. They already cashed out!

Happy Investing Everyone!

Wonder why Gadang's director and major shareholder, Franklin Resources Inc (well known fund managers) keep disposing their shares for the past months?

Is it already over valued that is why they keep sell it?

Happy Investing Everyone!
Rich Dad: Money don't grow on trees!

Minimal impact, because only commenced construction of 50 towers out of 920 towers to be constructed. Price shake make it cheaper and attractive to enter.

Happy Investing Everyone!

Write a comment..http://www.bursamalaysia.com/market/listed-companies/company-announcements/5185701

AGM - Outcome of Meeting.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5184213

Write a comment..http://www.bursamalaysia.com/market/listed-companies/company-announcements/5161677

AGM tomorrow (24 Aug 2016) at 11.00 am.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5182817

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180725

http://www.theedgemarkets.com/my/article/trade-wise-gold-stocks-ride-precious-metals-bull-market

Bornoil's news on gold.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5178593

On behalf of the Board, Kenanga IB is pleased to announce that the Proposed Private Placement has been completed on 17 August 2016, following the listing of and quotation for 79,224,100 OCK Shares, being the first and only tranche of the Proposed Private Placement, on the said date on the Main Market of Bursa Securities.

This announcement is dated 17 August 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5178885

Item (a):

The counter-claim filed by Johany Jaafar against PDZ Holdings Bhd was filed on the 22 July 2016 in Court. It had been served to PDZ Holdings Bhd via their solicitors letter, Messrs Ainul Azam & Co dated 22 July 2016 and was received on 25 July 2016.

Item (b):

The particulars of the claim as extracted are as follows;

"30. Dan, Plaintif di dalam Tuntutan Balas menuntut:-

30.1 Terhadap Defendan Pertama kepada Tuntutan Balas dan Defendan Ke-2 kepada Tuntutan Balas secara bersesama dan berasingan jumlah sebanyak RM166,508,00.00 iaitu kerugian Plaintif di dalam Tuntutan Balas bersamaan dengan nilai ekuiti saham-saham Efogen Sdn Bhd Plaintif di dalam Tuntutan Balas;

30.2 Terhadap Defendan Pertama kepada Tuntutan Balas gantirugi dan/atau indemniti atas dasar indemniti untuk liabiliti yang ditanggung oleh Plaintif di dalam Tuntutan Balas yang timbul akibat apa-apa tuntutan oleh Defendan Ke-2 kepada Tuntutan Balas ke atas Plaintif di dalam Tuntutan Balas untuk jumlah Deposit tersebut;

30.3 Faedah pada kadar 5% setahun atas jumlah penghakiman yang dikira dari tarikh tindakan ini sehingga penyelesaian jumlah penghakiman yang sepenuhnya;

30.4 Kos tindakan ini; dan

30.5 Relif-relif yang dikirakan adil dan suaimanfaat oleh Mahkamah Yang Mulia ini."

(Note: The counter-claim quoted the amount as “RM166,508,00-00” and when we announced the litigation on 12 August 2016 we had made the assumption that there was a typo error hence we cited it as “RM166,508,000-00”).

Item (c):

There is no impact of the said claim on the Group’s day-to-day operations at this point of time.

Item (d):

In the event, the Kuala Lumpur High Court allows the counter-claim filed by Johany Jaafar, PDZ Holdings Bhd would be exposed to the sum estimated at RM166,508,000.00, pursuant to the sum claim by Johany Jaafar against the 1st Defendant and PDZ Holdings Bhd, jointly and severally. This was the purported enterprise value of the shares of Efogen Sdn Bhd.

Item (e):

We have consulted the solicitors in charge of the matter who informed that the last date to file and serve the defence is on the 23 August 2016. The next case management is fixed on the 7 September 2016, before the Judge. The Company’s solicitors are in the midst of perusing the counter-claim seeking sufficient grounds in application to strike off the counter-claim apart from the fact that PDZ Holdings Bhd was not party to the Sale of Shares Agreement dated 2 December 2014.

Tan Sri CMY did not tell us the other side of the story - Sell when others are greedy.

Happy Investing Everyone!
Rich Dad: Money dont grow on tree.

Tan Sri HS finger prints are all over Sumatec, PDZ, Asiabio, RA etc. Which one he sustain?

The above are old news when oil prices start to fall from US100. With oil price WTI today is below US40, will the RI proposal still hold? Is the project still viable?

Tan Sri Chua is a well known strategic share investor with 'Midas Touch'. Share he invest will....

My 1 Sen Opinion:
Recent price rally is to prepare for long dragged RI exercise.

Happy investing everyone!
Rich Dad: Money Don't Grow On Tree.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5157749

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5157461

Saturday, 23 July 2016
Borneo Oil a strong proxy for gold
BY JACK WONGandAFIQ ISA

THE steep rally in gold prices this year has helped to push up the shares of Borneo Oil Corp Bhd.

At its July 22 close of 18 sen, the stock has outperformed the FBM KLCI with a 16% gain for the year, tracking the 25% increase in gold prices over the same period.

Shares of the company are consistently among the most traded in terms of volume in recent months due to its nascent mining venture in Pahang which have already yielded a considerable amount of gold inventory.

With spot gold now trading at around US$1,330 per ounce, the company’s total inventory is now estimated to be worth RM103.96mil.

As at end-June, Borneo Oil’s gold inventory amounts to 19,301 ounces, or about 600 kg.

In the quarter ended April 30, 2016, Borneo Oil, which also owns fast food restaurant chain SugarBun, reported a sharp jump in group pre-tax profit to RM7.6mil from RM525,000 a year ago as revenue soared to RM1.49bil from RM14.6mil

Borneo Oil had attributed the substantial jump in revenue to the sale of gold investments, adding that the increase of inventory to 529 kg was due to investments in gold.

However, there were few further details on the breakdown of its gold mining-related earnings in the company’s earnings announcement.

“There is a lack of clarity as to how the company reported just RM6.9mil from its mining division despite the large revenue bump of RM1.48bil.

“The exact nature of the so-called sale of gold investments has also not been disclosed in detail yet,” quips one analyst of a bank-backed research house.

The company said it had taken advantage of investing in gold for the past year in the belief that low gold prices were temporary as the precious metal was trading below the industry mining and production costs.

While some may attribute the recent buying interest in the shares to speculation activity in penny stocks, particularly given the company’s vast share base of 2.37 billion, Borneo Oil has already secured some prominent backers in its ventures and is not short of cash at present.

The Sarawak-based Hap Seng Group, which led by the Lau family patriarch Tan Sri Lau Cho Kun, is a major shareholder in the company through stakes held by several investment entities. Among them are Lei Shing Hong Securities Ltd and Victoria Capital Ltd, both of which are based in Hong Kong.

Collectively, the stakes amount to more than 40%, a part of which were acquired following a rights issue exercise in November last year which raised RM228.8mil for Borneo.

The company is investing in a ‘heap leaching’ plant to extract gold form the Bukit Ibam mine in Pahang following positive results of gold deposits from a six-month exploration activities.

The phase one exploration works has indicated inferred gold resources of 1,891.5 kg for Bukit Ibam. The gold resources are embedded in about 6.27 million tonnes of oxide and fresh ore.

Based on the company’s metallurgy tests, the oxide ore is suitable for the heap leaching process.

Borneo Oil said the proposed plant using “earth gold” in the leaching process had been approved by the Minerals and Geoscience Department.

Earth gold, according to the company, is a non-cyanide gold extraction agent which is environmental friendly and designed to replace sodium cyanide in the gold leaching process.

“The initial investment cost of the heap leach plant (project), including infrastructure works, is estimated to cost RM2.5mil, with an initial capacity of 7,000 tonnes per cycle.

“The plant is targetted to be completed by end of August and commercial operations will begin in September 2016,” Borneo Oil said in a filing with Bursa Malaysia.

The mining operations is undertaken by wholly-owned subsidiary Borneo Oil and Gas Corp Sdn Bhd (BOG).

Bukit Ibam, which lies within the Peninsular Malaysia eastern gold belt that extends from the north of Kelantan to Johor, covers some 485ha, of which 187ha has been issued with a mining lease.

In March 2015,BOG entered into an exclusive production sharing agreement with HDL Global Sdn Bhd for a period of 20 years.

As of April 30, 2016, Borneo Oil said it had utilised about RM83mil from proceeds of RM228.8mil raised from a recent rights issue in gold mining operation and exploration works.

The expenditures included RM66.3mil on working capital for the mining operations, RM8.9mil on exploration works and RM7.7mil for the purchase of mining machinery and equipment.

A further RM22.3mil has been set aside for the purchase of more mining machinery and equipment, RM9.3mil for working capital and RM6.1mil for exploration works.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5154485


Why Pelaburan Mara Bhd is selling its shareholding in PDZ?

http://www.theedgemarkets.com/my/article/stock-momentum-borneo-oil-1

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5152013

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5152525

Total % bought back so far is already 5.56%.

http://www.thesundaily.my/news/1906893

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5151713

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5150669

http://www.theborneopost.com/2016/07/17/safehaven-in-2016s-trying-times/


July 17, 2016 (Sunday), The Borneo Post:


Borneo Oil benefits from rising gold prices

At the same time, another company which has been benefiting from the recovery of commodities prices is Borneo Oil Bhd (Borneo Oil).

The company recently said its subsidiary company Borneo Oil & Gas Corporation Sdn Bhd has taken advantage of investing in gold for the past year in the belief that low gold prices were temporary as it was traded below the industry mining and production costs.

“The investment has proven correct as gold prices have increased substantially due to many uncertainties in the financial markets.

“The company’s other operations are in gold mining and investments apart from limestone and energy related activities currently being carried out.

“The current operating mines of the group are located at Merapoh and Bukit Ibam, both in Pahang.

“Explorations are currently ongoing for hard rock gold for both the mines,” the company said.

Borneo Oil added for both mines, mining and production of gold were conducted mainly on alluvial and colluvial ores.

The company explained that unlike a typical exploration mining company where there was no revenue during exploration stage until the discovery of an economical ore reserves, the group’s business philosophy of “taking the low hanging fruit” has started mining operations on alluvial and colluvial gold ore.

Hence, with its ‘timely’ venture into gold mining in the past year, Borneo Oil in a filing to Bursa Malaysia on June 30 said its 1QFY16 ended April 2016 revenue witnessed a substantial jump to RM1.49 billion from RM14.63 million recorded in 1QFY15.

Correspondingly, Borneo Oil added net profit shot up by 1,938 per cent y-o-y to RM10.7 million from RM525,000 recorded in 1QFY15.

Borneo Oil explained that the substantial jump in revenue for 1QFY16 was due to the sale of gold investments.

Likewise, the company in its 2016 Annual Report said venturing into gold mining and the accumulation of gold will be the group’s main emphasis at the current moment until such time that the world economy will realise its true value.

Borneo Oil revealed that as at March 31, 2016, the group holds 18,863.14 ounce in gold inventory amounting to US$24.14 million at US$1,280.00 per ounce.

The company further said that its mining operations in Merapoh have progressed steadily and have produced approximately 27.35 kg over the last financial year.

For the Bukit Ibam mine, Borneo Oil is confident that the group will recover more gold from the tenement and have set a realistic recovery target of 60 per cent of gold from the gold bearing ores through a non toxic leaching process.

“The group holds the view that gold should be treated as a perpetual asset to back its shares and to be cashed only when there is profit or through the sale of it through gold convertibles.

“The group is now studying how best it is to utilise this inventory,” the company said.

http://www.theedgemarkets.com/my/article/spring-gallery-plans-par-value-reduction-pare-losses

Imago Mall, Kota Kinabalu starts operation last year. High occupancy rate (over 90%), very good tenant mix, anchored by Parkson Grand, trendy Everise Supermarket, the rest are mostly very established specialty shops, F&B etc. etc. Recurrent cashflow from this new baby.

Share price reported as of the most lowest against NTA in recent report and may be targetted. Major shareholder not aggressive in lifting the share price. Will move when the co. back in radar screen of institutional funds. At the moment a boring counter.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5139857

For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 5 May 2015 in relation to GN3, where applicable, unless stated otherwise or defined herein.

Further to the Company’s announcement dated 1 June 2016 in compliance with Paragraph 4.1 of GN3, the Board wishes to inform that a Principal Adviser, M & A Securities Sdn. Bhd., has been appointed for the Regularisation Plan and the Company is in the midst of evaluating the proposal to formulate the Regularisation Plan.

Premised on the First Announcement, the Company is required to submit the Regularisation Plan to the relevant authorities by 4 May 2016. However, Bursa Securities had, vide its letter dated 26 May 2016, granted the Company an extension of time up to 4 September 2016 to submit a regularisation plan which is approximately two (2) months from the date hereof.

This announcement is dated 1 July 2016.

http://www.theedgemarkets.com/my/article/luster-issues-rebuttal-edge-editorial

Reference is made to the article entitled "Is MoU announcement more hot air from Luster?" appearing in The Edge Malaysia (page 7), issued for the week from 11 July to 17 July 2016 which is malicious and untrue.

It was quoted in the article "Should such an announcement sans any details have been filed with Bursa Malaysia? Or is it just more hot air from Luster?"

The Board of Directors of Luster wishes to further clarify that Luster had entered into a Memorandum of Understanding (“MOU”) to explore further the opportunity presented and to have further verifications before deciding to enter into a conditional Sale And Purchase agreement. The Company will make a detail announcement to Bursa if the Company decides to enter into the Sale And Purchase agreement.

It was also mentioned in the article “All of that was announced in a span of about two years. Since then, nothing has materialised.”

We wish to clarify the following:

Pan Cambodian Lottery Corporation Limited is already in operation and had recorded an audited profit after tax of USD0.5 million in financial year ended 2015.

Exzone Plastics Manufacturers Sdn. Bhd. is an active company and is currently operating and had recorded audited revenue of RM46.7 million in financial year ended 2015.

Luster had started exploring the mining site at Kemaman. However, the Company had since decided to halt the exploration and mining activities mainly due to the declining price of commodities in the world market. However, Luster is currently negotiating with a few parties to enlarge the area of mining in order to achieve a more sustainable economies of scale for its operations.

The Property development is with Koperasi Hartanah Malaysia Bhd (“KOHAMA”) instead of Koperasi Pembangunan Hartanah Putrajaya Bhd (“KPHP”) as announced to Bursa Malaysia Securities on 27 May 2014 – change of letter of awards from KPHP to KOHAMA. We had inked a tripartite agreement on 9 March 2016 for the development of an affordable home project in Perak. The construction had started and is targeted to complete by end of 2016.

This announcement is dated 12 July 2016.

the answer is in the announcement in Bursa Malaysia:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5146081

http://www.thestar.com.my/business/business-news/2016/07/06/gold-races-to-28-month-high-oil-pressured-as-brexit-fears-return/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5135541

http://www.theedgemarkets.com/my/article/asia-bioenergy-jumps-25-active-trades-following-vsolars-mou-utm


KUALA LUMPUR (June 10): Shares in Asia Bioenergy Technologies Berhad surged 25% in afternoon trades today, as trading volume soared.

At 3.17 p.m., the stock was trading at its intra-day peak of 5 sen apiece, after 20.66 million shares exchanged hands. The current price gives it a market capitalisation of RM42.9 million.

It closed at four sen yesterday, with 20.7 million shares traded. In comparison, its 65-day average trading volume across the open market stood at 687,128 shares.

A dealer told theedgemarkets.com that both Asia Bioenergy and VSolar Group Bhd — in which it has a 19.51% stake, according to VSolar's Annual Report 2015 — had hit its all time high in early 2015 and plunged substantially to near their all-time lows earlier this year, before both staged a rebound this month.

This follows VSolar's announcement that it was collaborating with Universiti Teknologi Malaysia to research, develop and commercialise solar and photovoltaic technologies.

Asia Bioenergy emerged as VSolar's substantial shareholder on July 31, 2014, after acquiring 25.62 million shares or 10% stake in VSolar via a private placement. It then raised its stake to 19.51% via multiple purchases until end of December 2014.

At the time of writing, Asia Bioenergy was the 12th most active stock across the exchange, while VSolar was the fourth most active.

Aside from VSolar, Asia Bioenergy also holds investments in several other public-listed companies, particularly in the bio-energy sector, namely Focus Dynamics Technologies Bhd, NetX Holdings Bhd and Carimin Petroleum Bhd.

Last year, Asia Bioenergy and VSolar had on June 15 endorsed a joint collaboration and alliance agreement to jointly develop a cash crop farm on VSolar's photovoltaic energy generation real estate, whereby Asia Bioenergy will be able to use its effective micro-organism products to enhance product yield and growth, said Asia Bioenergy in its Annual Report 2015.

"We believe that in the long term, collaborations like this will bring both direct revenue value to Asia Bioenergy, whilst further enhancing the investment value in VSolar," it added.

It was also exploring other potential projects with NetX and Focus, where a similar collaborative strategy will be employed.