Lol. Human nature, director find it easy way out to not to missed the opportunity of taking profit. He just reduced the stakes. Before another major shareholder with 30% pp come in and demand directorship as well as Ceo, he made respectful move in selling some stakes. Anyhow, trading life still breathing stronger by days.
The Board of Directors wishes to announce that Orion had on 22 May 2020 entered into the MOU to commence exclusive discussions with Enrich in relation to a proposed collaboration to jointly (i) explore mining targets and develop mining operation at Gossan Hill area, District of Jeli, Kelantan and (ii) manage the Senor Alluvia Gold Mining operations at District of Jeli, Kelantan.
Congratulations to whoever collected at 0.105, may be possible another selling move by director to the open market. Together all do not missed this opportunity, even though some of us already have 0.115, 0.120, 0.125,... 0.150 etc.
If director/ceo in gentlemen way send a signal to widthdraw from the top post, preconditional to restructuring due to expected incoming new bigger investors via 30% pp 3rd party, then the move considered fair, regulatory bound, rather than closed deal with any other major stakeholders that might trapped in forbidden insider trading faults, hence price of disposal been submitted to bursa and announced per last week. Yes, agreed it is seem not at the right moments and unfair to open market investors, but once the fixed amount of disposal units at prefixed price completed, the market will rebound again. Bursa on one day holiday this week, once the disposal units taken up before holiday, expect rebound thereafter, since world gold price still maintained the strong position.
company ini ada RTO ke? macam ada orang baru nak takeover je. ini dari theedge At Orion IXL Bhd, Elias Abdullah Ng ceased to be a substantial shareholder after disposing of 43.966 million shares or a direct stake of 5.647% on the open market on July 23. The disposal raised eyebrows as Ng had just emerged as a substantial shareholder of the company on July 21 after acquiring the shares through a private placement exercise.
Orion IXL is a technology and business solutions provider, whose customers include companies in the healthcare, oil and gas, property development, construction, hospitality, consulting, and information and communications technology sectors, as well as government agencies and local authorities.
the shark can't take the director throw share...hahaha...USD going new low, gold tonight will new high...orion shark see your show liao...fight win the director gogogo...
Orion seems undecided on the next direction to move, one is to further enhance the depth of IT/tech sector by inviting experienced old timer in industrial technology, then to diversify in totally different from core business model but potential opportunity in gold mining, to secure future sustainability. Who dare, quick win.
Some will get frustrated and cursing to the bushes whenever 0.105 pull down gap up prices. It good to queue for 0.105 and wait awhile, but it would be no harm it waiting at 0.105 and buy 0.110 at the same time with volumes you allocated for 0.110 lesst than 0.105.
Thanks for sharing your input, Kopimilo. Why are the director(s) disposing at 0.105 if the price is going to shoot up later? Is there going to be a change or board?
It may be bursa regulation directors of major shareholders has to submit the intention and the proposed fixed price to be dispose beforehand. Correct me if wrong on such regulation.
When gold went from 1940 to 1980, Orion didn’t go up. Now that gold went from 2000 to 1985 (still higher than 1980 mind you), it went down by 0.5 - 1.0 cent? I find this very interesting...
Wil not easily spike, bcos we do not finish buy all the 0.105, waiting at buy/bid que 0.105 for more throw in from big sellers then 0.110 another buy task to settle next.
Traditional belief gold is good commodity, but here big selling shows no interest in gold. Lol. Otherwise they will keep holding with possession and buy more. Lol
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Serenevalley
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Posted by Serenevalley > 2020-08-18 00:16 | Report Abuse
Guys , listen to KOPIMILO .... when he says ORION up is up