case studies
$DNEX / 4456 (DAGANG NEXCHANGE BERHAD) once own small portion Ping Petroleum decided to dispose all shares but making u turn acquire 90% of Ping later on.
$SUMATEC / 1201 (SUMATEC RESOURCES BERHAD) once joint operation with mell, borneo energy producing oil at the rakuschenoye field kazakhstan. later on proposed to acquire 100% field concession.not just that they also proposed to acquire buzachi field owned bu buzachi neft
for $REACH / 5256 (REACH ENERGY BERHAD) case, there is rumours on company to dispose emir oil ,kazakhstan for rm1.3bil. however company decided to retain.
what to learn from here?
if asset is good people wont dispose.if really Reach kazakhstan is not good asset then rm1.3 bil is already good hand.