@Daham1968 tq very much on your sharing.. regarding the finalization of S&P, still pending due dilligence by 30july2020...
Reference is made to the announcements dated 3 July 2020, 8 July 2020 and 13 July 2020 made by Anzo. As disclosed in the announcements upon Anzo being satisfied with the result of the legal, financial, operational and assets due diligence of the Assets, the parties shall enter into a definitive Assets Sale Agreement within 14 workings days from the Term Sheet dated 3 July 2020. The Board of Directors of Anzo wishes to further inform that Anzo has appointed consultants to conduct the due diligence of the Assets. However, as more time is required to complete the due diligence, the parties have agreed to further extend the execution of definitive Assets Sale Agreement to 30 July 2020.
@Dorischin218218, I am just like you, has been holding on to Anzo and waiting, waiting, .... since I last purchased it. I am keeping the hope alive. Wait till 30-July and see how. In fact, another reason why I still believe ANZO will fly is because of copper price. You see, ANZO is now in the copper scrap business, supplying copper scrap to South Korea (and I read some news even saying supplying copper scrap to India too !!). Recently, copper price has shoot up and go up a lot, because of demand from China, and also because the South America (like Chile, Peru) copper mines are not producing so much copper, because of Covid-19 virus spreading in Chile & Peru. So if copper price keeps on going up, this will be good news for ANZO.
Due to above few reasons (copper price and Glove business), I am just like you, still holding on to ANZO. I am planning to keep ANZO for mid to long term. I am sure long term wise, ANZO will sure fly.
If you want to know anything about copper price, just go to Google and search. For example, type in "copper price news" at the Google search box to read the latest news about copper price.
@Dorischin218218, I still remember you mentioned earlier that you have been holding on and keeping ANZO for two years already !! I have studied ANZO chart, and from the chart, I think you bought ANZO at around RM0.05 . At ANZO price of RM0.13 now, you must have made quite a lot of profits already.
In fact, I still remember just a few days ago, ANZO share price surge from RM0.11 to RM0.14 in a single trading day. I suspect it was because of copper price surge.
Gold price hit record high today !! Two companies / counters that are related to gold are doing very well today. They are: BORNOIL and POHKONG. BORNOIL is doing gold mining. BORNOIL has a few gold mines in Malaysia. Check out BORNOIL website below for their gold mining operation: http://www.borneo-oil.com.my/renewable-energy.html
POHKONG is selling gold jewelry. Copper price is going up together with gold price also today. I guess that is why ANZO is going up today, also.
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....
skyap
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Posted by skyap > 2020-07-22 16:38 | Report Abuse
good news ?