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this share was trading at rm4 when it is still earning 2.5b and with 5b liabilities, now this company is earning 5b(18%) with almost all the liabilities transferred to aax or aagb anything below rm1 is extremely undervalued. When pn17 is lifted, and the institution investors chip in ..i reckon it will be hard to get any price below rm1.50.
if poker king stanley private placement announcement can cause the share price to jump 15% , how many % would the share price jump when saudi sovereign fund private placement announcement ?
if world political and economical landscape remains calm and trump gor didnt do anything crazy...i believe that this stock will touch 0.9 before may 7th. gold price is slowly declining and correcting ...its a good sign for stock market.
i suspect the price rise was partly due to acquisition by director...but i was wrong(no announcement)...so the rise was mainly due to retail buying it again...volume surge by 50% as well...and that bloke that sold 1mil share at 0.805 i suspect would be buying it again haha...
all good sign so far...hopefully trump gor guai guai and dont simply mess up the market again.
lol nothing else to extend liao...egm set on 7th may..after getting shareholders approval, den can go for court approval...once court approved , and next qr green boom!! out of pn17...
