Mudajaya didn't announce the COD date of unit 1 because it was not stable. However, Mudajaya has years of experience in power plant, I believe the technical issue can be resolved soon.
Many who have bought at high prices previously have rushed in to average down when the price started moving.... hope it is real... not the work of traders... else get burned again...
rMoi...mine is a sad story. Lost about 100K when I sold out as I had bought b4 rights issue. Now just trying to salvage a bit by getting back in a small way. I won't be able to sleep if the power plants start and the share suddenly recovers.
Unit #1 achieved syn in early Aug, commission late Oct, COD late Nov, still not stable. Unit #2 achieved syn in early Jan. Look like planned commission date of March for unit #2 will be pushed out.
Wonder who was buying recently as no announcements about purchase from Fairfax or Directors since 4th Jan'16. Almost RM15 million shares were traded since 6th jan'16 and that's not normal for this snail counter. Any guesses?
Perhaps some are buying tru 3rd parties so as not to alert and push up prices....so they can buy slowly and cheaply...haha .Still hopeful after losing almost my pants!!!
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....
Kian Kwok Lim
50 posts
Posted by Kian Kwok Lim > 2016-01-11 10:19 | Report Abuse
Me too...1 million... Rupiah ... Haha