Try day in day for buyers however the white ekephat sitting middle of the jungle and costly to lay cable. JV have no money to buy arang cos bank tak mahu tolong ada probkems. Even orders million and bilkion cant help HOLES too big.
To remove the road block of mudajaya share price mainly due negative impact of stupid power plant investment in india land. We already in august 2016 but our clever agent said by july 2016 all shall be ready.
I'm back holding some lots of Mudajaya. Like everyone else, I have my biases and favourites too and Mudajaya is one. It's very true that one must never use his heart to make investment decisions. But I'm doing that anyway :-) However, there's a cut-loss point - go below that and I'm out.
Thanks Fan Kim. I read the report and found this under...RKM not sure if updated :-
Critical issues Very slow erection works in TG area for U-3 and U-4. Consent to operate- High concentrated slurry disposal system to be commissioned and ash pond to be completed- funda of Rs. 40.11 crs required. Tapering coal linkage has been cancelled by SECL. Funds required for U-3 completion -200 crs. And for U-4- Rs. 450 crs. BG to be issued to release FDR amounts paid customs. PPA issue- CSPTCL has expressed inability to offtake power as per PPA. Working Capital required for starting operation of U-1 is 153 cr & for U-2,3,and 4 is 571 cr
Reasons for Delay Work suffered due to agitation by villagers. Slow progress of work at site. Delay in readiness of BoPs. Delay in readiness of startup power. Delay due to financial problems. Balance land acquisition for Ash pond and railway line. Consent to operate for U-2,3&4.
Also seems to be an oversupply of power issue in India now....The cost of this project in India is escalating and wonder why it does not show in Mudajaya's accounts. Just key in power supply in India...many articles.
Not asking anybody to sell or buy...just sharing. Lost more than RM140K on this counter
The report Fan Kim provided is dated this month. There are old issues in the write-up. Even then, that's a lot of funding required!!! can someone from Mudajaya explain to shareholders?
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....
Limcken
46 posts
Posted by Limcken > 2016-08-06 00:21 | Report Abuse
over sold .