Based on my calculations, this coming Qtr will be even better because the forex of 1 USD to 370. 94 Tenge, the Kazakhstan currency is very cheap, thus the cost of doing business is lower.
Hi steveninvest, Techfast is a good stock, but I prefer Reach because I am well verse in the oil business. In oil, it is easy to calculate and I just have to monitor the weather conditions in Kazakthan, and also forex
So far for Reach Energy, every thing is good and perfect. Now the company is so focus in the completion of CPF and also planning to go downstream which is less costly and lesser risk too.
Buy and keep guys, don't sell so cheap. Reach Energy is good and solid. Zero bank debts , and moving downstream business. Reach can be like the next Hengyuan Refinery .
I am in the oil stock since 2016, guys. Just be patient. Our CEO is working very hard to get new major shareholders to buy the Reach shares. His Vision and Mission is fantastic. The latest interview in NST on the 5th Nov speaks volumes of his dreams and hopes to bring Reach to new heights . Let us wait it out .
In oil business, oil price up then you sell oil, if oil price down then you do refinery and sell the end product. Either way, oil up or down, Reach make money
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....
B4b4
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Posted by B4b4 > 2018-11-08 08:49 | Report Abuse
Based on my calculations, this coming Qtr will be even better because the forex of 1 USD to 370. 94 Tenge, the Kazakhstan currency is very cheap, thus the cost of doing business is lower.