when sona wanna buy the oilfield u all complaints, say expensive... use alot money etc... throw its share ; now the deal is almost certainly off, u all complaint alos... inin apa kuali-lah? lol..... should be happy ma, can buy cheaper company/oilfield when oil price is low... company also retain their cash for better deal with another company. u see govern also fast2 to opportunity to remove subsidies when oil low..
Of all oil company...why hv to buy sona? Nw many oil and gad ctr limit dwn due to current oil price...why not park the money in those company rather than put in sona and wait ....furthermore without any dividen...so called smart investor....apa ini?
Since listing all Sona has shown is zero revenue. Even no revenue Sona still need to pay salary. Since Salamander deal likely a failure expect zero revenue in 2014 as well. Cash balance divide by outstanding shares is how much?
It's not the end of the world. They should hav plan B plan C. Do u think they will wait to dead meh. See, he even mention about the possibility of working together with ophir. Will see the progress of the story.
We support our option, some said we could become murderer, induce ppl to buy, what a stupid accusation. This forum is getting more and more crazy. Now some jump out acting like sifu lecturing us, see told u to run.. run.. run...
If u want to give positive or negative views on any counter, welcome to do so, but Don teach ppl what to do, we r adult and we know what is best for us. Buying other oil counters? Can u guarantee 100% profit making? Suddenly jump out ppl registering with new I'd to leave comment.. what a world, like watching drama
Not that we avoid this forum, but we avoid ppl like u guys. We r not going away, just try not to layan ur msg. When price drop, all pop up like mushroom, when price up all disappear.
It might end up with a win win situation, then those who keep stepping down on sona will be accuse of causing some victims losing great fortune by selling off at super cheap price.
The fault is in our system! The SC take long time to approve this deal! You really think SC capable or having the knowledges to approve this deal? They should leave it to the IB and management. Sc job is to ensure compliance! Should SC approval comes a month earlier, all matter is resolved.
For those losing hope, you might want to relook into Cliq. Credit Suisse has been buying steadily and another director is adding is also. Safe entry as is in cash value now.
Step 1 - continue to go through the deal process, as neither sona nor salamander want to misstep by stupidly giving a right to the other party to sue for breach of contract - sona has upper hand because msian cost is 5x cheaper than in uk.
Concurrent with step 1, work with another oil n gas partner ( REACH ? ), to the possibility of cash buy out of the entire 100% Thai oil field - costing around rm 1.3 to 1.5 bil. At the very least, can jam the Orphir deal - after all both salamander n Orphir have already openly play "dirty".
Let see if the above can come out to light, as the Thai oil fields are just stone throw from kelantan. That gives a huge upper hand to msians than to them.
Well spoken by hadian.. Very technical guy.. Normally the MD will be a pr person but he talks numbers.. They are aware of all issues we rant about here.. They got offers for new assets.. They are moving with salamander but does not sound that optimistic.. He thinks next update within a month for next move.. He says sc is expected to process and 3month..
Salvatore dali also talked about sona on bfm just now.. In summary.. Agrees management teams are very strong.. He thinks deal with salamander does not sound good.. Sona price shud be higher but getting slammed due to oil price.. It can be a good thing as now sona can find assets with a better deal..
I managed to grab some at .405 yesterday and finally average down to .47-.475 (from .5++)... Now Im q-ing for .405 again... Im not trying to induce you guys to buy but there is always options and choices.
Some might still keeping it till its going up again or till end of the timeline, some are frighten and threw at losses... Do respect others' decision and don't criticize others judgment.
It is not SONA that do not wants to make a DECISION but it is the could not care less top people of Malaysia still waiting for ......... a person higher to decide.........%.
Yes, smart move Qieen. I also managed to did that yesterday. To me if Cliq IPO price at RM0.63 and now they are still at RM0.63, Sona should deserve a better valuation i.e. min RM0.50 as they have better management team. So far they never disappointed by giving PR type of expectations. Anyway, we are supported by RM0.45 cash min.
Me also seldom write in as I found out so much vicious rumours by those EX-investors who have grudges towards this counter. Those beginners probably just sold off their holdings at big losses.
Sometimes, like all of us raise of the view as we think that the Company is good. Some may think this is speculation as this is a SPAC. But we have our basis to justify on view as we have evaluate on the financial and business of Salamander before giving this view. In this case, is just slight out of luck as for Ophir's. Who know that the Board of directors of Salamander will accept such as stupid valuation (Currently only 94 pence)
So for those critics, please respect people's decision and view.
elshi, we are not greedy but we are finding a best solution that could ease what we are facing now. I will stand firm and stronger than ever when others are laughing and stepping on me during bad time and look for solution to turn it from bad to good. Somehow, my faith in this counter remains positive like before, so bet on it.
And you know what is worst news of all the counters in Bursa.
ill intention by certain people. Remember, TH Heavy and Muhibbah were victimised vicious SMS. Those shareholders in the companies are probably cursing those ill intention people. As such, as a reminder and investors, we need to know who are knowledgeable, experience and who are just bull-shitting around
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....
jasonor
1,004 posts
Posted by jasonor > 2014-11-26 00:43 | Report Abuse
when sona wanna buy the oilfield u all complaints, say expensive... use alot money etc... throw its share ; now the deal is almost certainly off, u all complaint alos... inin apa kuali-lah? lol..... should be happy ma, can buy cheaper company/oilfield when oil price is low... company also retain their cash for better deal with another company. u see govern also fast2 to opportunity to remove subsidies when oil low..