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Strait Asia Resources is an on going business, it is actually digging up coal and selling authentic coal, but Jade is an empty shell...a world of different...
I should say every business in every nature are hit by the crises...Strait Asia are no exception...but i think if u have bought $3 to $4.long term u be seeing your money back...i dont know how long, but u be definitely seeing and maybe some profit.
knightbridge ( Date: 30-Jan-2009 22:30) Posted:
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Prevent my friend parents from investing in Strait Asia when it is $3-$4 range. They say they got good family friends working inside, telling them to buy for long term.. Very good company making alot of money, cus he got alot of placement share at $1 make alot of money ler.. See global melt down wat happen..
The Second reason - is the surveyor valuation on coal deposit left in the mine. (How accurate are they). Look at Jade, survey report say got 1billion worth of good quantity coal, after one year say cannot be mine and poor quality coal.. How do u justify that...
So many big auditor firm like PWC and KPMG auditors audit the company cannot dig out fraud even for many years. Recently got so many cases. Putting money in have to blindly putting faith in the company. Better buy a air ticket to see for yourself, if you intend to put in Life Saving Amount into here. 10-20lot ok lah but not 100lot or 200lots very risky..
I believe at this point of time, no govt will be naive enough to pull down any coy in their country with any things, unless they dont mind their workforce have more unemployment..Have read that St Asia have the whole island population employ in their mine and the report is fine so is the balance sheet.. I think there are susbstance for this bid to materialise, and market have the news since last year dec.....why not bid for this at current market condition then at $4 apiece way back...pls DYODD...
In additon , why not just ride the rally,,,whether it is true or not???there is money to be make..make $ more important whether the bid is real or not...i couldn't be bother, just be nipple and fast, dont be greedy..
knightbridge ( Date: 30-Jan-2009 18:15) Posted:
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u already said this is just a rumour niah...and it could be a trap to lure longists in...once no pushing, force selling will come next week for sure!
cheongwee ( Date: 30-Jan-2009 17:14) Posted:
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The CEO Paint a too Beautiful Picture. Look what happen to Jade on Coal investment.. Indo Gov can always slap a huge levy if need arise.. But is counter got some BB support and rich parent.. ( Got to be more careful shorting companies with major shareholder that got deep pockets )
Extracting coal is sometime i am not familar with. Based on report is one thing, actual seeing how the whole operation works is import if u want to be vested long term..
Sometime back, i post that this is rumour play(i already hear ppl saying abt that bid for this counter), but i think it is real...and it may play till 1.2...pls DYODD.
louis_leecs ( Date: 30-Jan-2009 16:03) Posted:
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500 lots total...st asia cannot stand above 90c for too long, st most 2 days niah...next wk will be jackpot time together with the $10m toto angpow draw!
freeme ( Date: 30-Jan-2009 16:52) Posted:
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u also join in ar? short hw many lots?
tchoonw ( Date: 30-Jan-2009 16:49) Posted:
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heavy short at 94.5c today using cfd...next wk will drop below 90c for sure!
well...just lucky lah...actually not too bad..recently with my SHOT in DBS and SAR !! :D hee....more gd year$$$$ !! :D
s052728 ( Date: 30-Jan-2009 16:44) Posted:
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tat is wat i call intra day trader. steady nick. at least u know when to take profit and nt greedy.
sweet !! covered at 92.5 x20 !! hahahahhahahahah !! :P
haha i didnt just watch leh. I short also at 0.94 but with cfd la
nickyng ( Date: 30-Jan-2009 16:24) Posted:
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congrats nick.. but mai too greedy hor..
Nick, sometime I just think it's not worth the risk to short if you do not have CFD. Casino don't always opens SMALL! I shorted the SUBMARINE from 1.65 to 1.55 in 2 days with CFD. Without that I will be loosing to have covered that day. Think about it!
wah!! u watching FREE show har?? ;P
well done :) keep shorting
nickyng ( Date: 30-Jan-2009 16:03) Posted:
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buyer suddenly missing,,,,,,,,,,,,,,,,,,fade ah,,,,,,,,,,,,,,,,dbs ,,,ocbc,,,,,,,,,,,uon,,,,,,,,,,,olam al down,,,,,,,,,,,,,,,,,i think b fund take chance unloded liao,,,,,,,,,,,,,,,,,,,,xiam ah
i think bb going to push all the way 1.00
SHORTED another x10 at 97cts earlier !! hee....never learnt my lesson !! yup! WHO DARES WIN ! :D