Raymond Teo did not deliver after all these years...finally being shown the door by Joseph Ambrose. Ganesh and Georgia taking over fastfood biz. Exciting times ahead
b. There are 12 integrated clinker and cement plants in Malaysia (9 in West Malaysia and 2 in Sarawak. In contrast, there is none in Sabah; c. The COVID closures in 2020 and 2021 have created an unprecedented urgency for Sabah to become more self-reliant in various sectors of economic importance, including food and construction materials. Cement is one such commodity that is essential to development. The State of Sabah can no longer afford to rely on 100% imported clinker and cement. Therefore, the emergence of the ILPP in Sabah is timely; d. The State of Sabah has an annual demand of between 1.2 million to 1.4 million metric tons of cement per year. This does not include the future development projects planned on the East Coast of Sabah, and the demand in the BIMP-EAGA region with close proximity to the East Coast of Sabah;
c. The ILPP is situated adjacent to the limestone quarry lands own by BOB Group of companies. MTSB has entered into a long-term supply contract for limestone with BOB’s subsidiaries (SBR and Borneo Oil & Gas Corporation Sdn Bhd ("BOG") on the current stockpile and overburden waste from existing quarrying operations to supplement the ILPP's initial limestone feedstock requirements. This supply of current stockpile and recovery waste for down streaming activity is also in line with BOB Group’s initiative towards zero waste and reusing/upcycling all materials. This synergistic alliance will enable MTSB and BOB to pool their combined limestone resources and position BOB Group for future expansion; and d. The acquisition presents an opportunity for the BOB Group to move downstream its quarrying resources to boost the profits further. There is synergy between the BOB Group's existing limestone quarrying business operations and MTSB's clinker and cement plant.
Orson Chin ..boss dont want push... gold mining dont want dig.... ----------
Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang ("Plant") - Proposed Utilisation RM1 0,000,000, Actual Utilisation RM6 ,997,000 and Intended Timeframe for Utilisation is within 36 months from the receipt of placement funds (from the subscription of up to 1,205,827,550 new ordinary shares by McQuarie Bank)
I BELIEVE:
The reality is, Bornoil fundamentally should be in a better position... But, the company is still in its expansion exercises. Needs new capital for investments... By exercising PP and ESOS
HOW LONG FOR US, THE RETAIL INVESTORS HAVE TO WAIT??????
@MZM2511 be patience, just wait!! a few years should be not a problem for true investors, traders who cannot wait can just go gamble, there will be faster outcome
When this one go for consolidation? Profit making also wont move... Others similar like AGES profit too and down for consolidation... BCMALL profit too but extremely plunged down...
So some time good news isnt really good too.. in certain cases it was an opportunities for somebody to exit... TAYOR...
On a more positive note, I think there are signs (e.g. larger Buy Q building up much exceeding Sell Q and volume gradually picking up) that this counter is about to break out and move higher. Maybe big players eyeing this counter.
Something brewing. Maybe can expect to see some new developments/changes with the recent redesignation of Datuk Ambrose Joseph Lee from Executive Director to Managing Director on 01APR22.
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....
OKU_2020
4,857 posts
Posted by OKU_2020 > 2022-04-01 15:47 | Report Abuse
No hope liao