i dont put hope on this counter anymore.....when good news were out before that, the price didnt even react even a little....now no news, still expect this counter to perform?
Sometimes one needs to dream a bit and that may resulted in thinking out of the box ...and think far ahead of what could happen to this counter in the near future. Back to reality, some signs of accumulation by certain parties are appearing...patience prevails !
QR expected to be released anytime soon but dont expected it to be good. Maybe some small losses expected. However, company should be in net cash position now.
Guess waiting for QR and the update in the QR on their gold mining and limestone mining businesses. If all positive, can expect price to shoot up to around 10 sen in the short term.
QR still not announced - guess it is not going to be good. If good they will not hold back announcing. On the contrary I think no point focusing on past performance but rather try to look forward and perhaps a bit longer term on the future growth and potential of their various businesses.
Latest QR should be released by Monday and hope it is not too bad although I dont expect it to be good. Latest by Tuesday (which is the last day) have to come out. Let me guess, if they waited until the last day to release, usually results not good. So expect volume to be low whilst waiting for QR.
Wow..wow...wow.. very good QR just released. Big jump in profit of RM35.5mil (compared with a loss in the previous quarter). Fantastic turnaround plus the net cash position. Limit up on Wednesday !!
Unusual Items During the quarter under review, the Company had on 10 May 2021 announced that Borneo Energy Sdn Bhd, its indirect wholly-owned subsidiary, had entered into a Sale and Purchase Agreement with Gold Billion Global Limited (BVI Company No. 1759774), a wholly-owned subsidiary of Verde Resources Inc., a Nevada USA corporation listed under OTCQB for the disposal of Technology Assets and Intellectual Property Rights for a total consideration of USD5 million to be fully settled by way of allotment of shares in Verde Resources Inc. The shares in Verde Resources Inc. had been reflected as an investment in quoted securities and fair value through profit and loss accordingly in the quarter under review
The Group reported a profit before tax of RM35.41 million compared to a loss before tax of RM3.61 million mainly due to the fair value gain on investment in quoted securities of RM26.46 million, reversal of impairment loss of RM18.63 million and disposal of business assets of RM1.91 million
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Posted by justin1njp > 2021-08-16 09:47 | Report Abuse
Valgrovest ur AVI is superb. U give hint n I didnt catch