Unfortunately we are not the authority to check again private placement at a lower price but shares buy back at a higher price. If a lot of cash, why private placement?
Pahang mining got into headline. Surely iother part of mining in Pahang will be attracting attention too. When things clarified, the share will bounce back like now.
Gold price, despite some surprised retail data from US, it failed to go up again. That is a major concern as it's running out of reason to go up. UK reported higher inflation rate again, and likely will spread to all parts of the world. If inflation would drive gold price up, then we should keep faith in gold. But if inflation unable to drive up the gold, there would a sign of a correction ahead. Next 2 weeks would be crucial for gold. Either it breaks the 1850 support to go towards usd1810 support, or it bounce back to usd 1900. FOMC unlikely to raise rate today.. their comment would important in the case they hint of raising rate in near future. If they never mention and remain committed to keep rates till end of 2021, gold would get boost. In any case, gold is trending lower. I still keeping faith with gold, mainly due to inflation
Announcement of Bornoil PP by McQuire Bank --------------------------------------------------------- 03-Feb-2021 1,500,000 units @RM0.034 09-Feb-2021 1,500,000 units @RM0.034 11-Feb-2021 2,000,000 units @RM0.033 16-Feb-2021 3,500,000 units @RM0.033 19-Feb-2021 3,500,000 units @RM0.033 22-Feb-2021 50,000,000 units @RM0.034 24-Feb-2021 4,000,000 units @RM0.034 01-Mar-2021 2,000,000 units @RM0.035 03-Mar-2021 2,500,000 units @RM0.035 04-Mar-2021 3,000,000 units @RM0.034 05-Mar-2021 4,000,000 units @RM0.032 08-Mar-2021 8,000,000 units @RM0.032 10-Mar-2021 7,000,000 units @RM0.033 12-Mar-2021 18,000,000 units @RM0.033 16-Mar-2021 6,000,000 units @RM0.033 18-Mar-2021 90,000,000 units @RM0.033 19-Mar-2021 20,000,000 units @RM0.037 29-Mar-2021 2,000,000 units @RM0.036 30-Mar-2021 7,000,000 units @RM0.036 31-Mar-2021 4,000,000 units @RM0.036 05-Apr-2021 8,000,000 units @RM0.037 07-Apr-2021 8,000,000 units @RM0.037 08-Apr-2021 10,000,000 units @RM0.037 13-Apr-2021 30,000,000 units @RM0.040 20-Apr-2021 5,000,000 units @RM0.040 26-Apr-2021 5,000,000 units @RM0.038 27-Apr-2021 5,000,000 units @RM0.037 30-Apr-2021 5,000,000 units @RM0.037 04-May-2021 12,500,000 units @RM0.037 12-May-2021 4,000,000 units @RM0.035 17-May-2021 5,000,000 units @RM0.034 18-May-2021 5,000,000 units @RM0.035 21-May-2021 5,000,000 units @RM0.035 27-May-2021 6,000,000 units @RM0.033 02-June-2021 4,000,000 units @RM0.034 03-June-2021 67,000,000 units @RM0.034 08-June-2021 5,000,000 units @RM0.034 10-June-2021 5,000,000 units @RM0.034 14-June-2021 7,500,000 units @RM0.033 16-June-2021 10,000,000 units @RM0.032
TOTAL UNITS SUBSCRIBED 451,000,000 UNITS = 6.059% SHAREHOLDING BASED ON NOSH OF 7,443,289,529 UNITS OF SHARES**
They disposed because, they probably want to to manipulate the issuance price of the PP. So they can subscribe the shares at a low price. Just my assumption only.
Gold party over? A steep fall overnight. Quickly hitting the usd1810 support. Bad news? Yes for sure. but look in a positive way, currently the market already priced in probably the biggest concern for gold investor, the possibility of US raising interest rate. Despite this, gold still holding above the usd1800. That would likely see see some bargain hunting. Economy data would be the next mover for gold price. Ofcourse the Basel lll would be in focus as well. It's sad day but not the end of gold. Will it go lower? Maybe yes, depending on economic data. In long term, still bullish on gold though. Just monitor for the next 2 weeks. Anything below usd1780 might signal to sell.
Despite falling from the high USD2150, gold still up from usd1400 pre-pandemic. And despite all the market slow down, MCO 1.0 2.0 3.0, people is buying more gold. When people can't spend on travel, they have money to invest. Buying physical gold probably the more preferable ways for the old timers to invest. They don't trust bitcoin or share market. They want to see the actual thing.
05-Mar-2021 4,000,000 units @RM0.032 08-Mar-2021 8,000,000 units @RM0.032 16-Mar-2021 6,000,000 units @RM0.033 18-Mar-2021 90,000,000 units @RM0.033 03-June-2021 67,000,000 units @RM0.034 ----------------------- See these:
If they unload even @3.5 sen, they still have small profit to chewwww.
They sell how many now. They will buy back how many later. That 4 sen can b gone in just a while.
Their intended average price is 3.7sen. but now is 3.46sen. they for sure want lower average. So later they can buy higher price. The total average price still is about at 3.7sen.
Last few days. 3.5 sen could b they buy back.
Plus now is 36% completed. A small rally is expected when they have done 50% pp.
Gold Got Crushed After the Fed’s Big Surprise. Gold prices collapsed almost 5% to head back to the mid-$1,700 levels last seen in April as a surging dollar wrecked the prices of commodities priced in the greenback.
Rising interest rate in 2023 in be exact. Still gold dropped like nobody business. Like all commodities, all previous metals, all in bearish. Is this the correction we seen in 2011? Exactly 10 years? After economy is on the road to recovery?
So question would be, are we really in recovery? Is this the same financial crisis that hit in 2008? Inflation is high. But with commodities price dropping, would that help? Chip shortage, probably takes another half a year to back to normal. Sea freight, with more countries reopening, more shipment needed, creating larger bottle neck.
It can goes either way for normal. My bet always on economy recovery to be slow and hitting roadblocks a few times along the way. And we haven't really seen the correction in stock market yet.
At 3.5 sen, donwside is limited. More upside when Mcquarie completed their purchased under the Private Placement programme. Sure the price will sky rocket. I managed to top up some more at 3.5sen. I see this as an opportunity ...
Good to see the share buy back by the company. It was done at around 4.45pm. Either the company are of the view the share price is undervalued or they want to maintain/push back the price to 4 sen at closing. Just hope they continue with more share buy back in the coming days.
This counter still got hope? Bought it at one year high and keeping since then. Not much but the amount of money is sufficient to buy another uptrending counter and can refill the money within one month I guess. Should I still keep this counter?
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Posted by Valgrovest > 2021-06-15 17:46 | Report Abuse
Ok tomorrow i que to buy at 3 sen.....maybe can get