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I think everyone is playing safe, not take any risks.. waiting for extension of time approval to submit new regularisation plan.. suppose next week quarterly report.. maybe profit as they already received the 97m
"As at LPD, 2 of its tenders with a tender value of approximately RM780.0 million have reached an advanced stage and the Group is optimistic to receive the award".. page no.41 from the proposed regularisation plan
The difference between the Disposal Consideration of USD9.70 million and last instalment to EXIM Bank of USD11.06 million amounts to USD1.36 million (equivalent to approximately
RM5.86 million). For information, the Company’s cash and cash equivalents stood at RM54.56 million based on the audited consolidated statement of financial position of Barakah as at 30 June 2024 and the Company’s cash and cash equivalents will increase to RM133.38 million should the Group receive the RM78.82 million Adjudication Sum.
Keep calm & carry on.. I still got hope on this counter.. managed to buy some tickets at 4sen.. if can sell at 6sen already 50% profit.. otherwise I will cut loss at 3.5sen.. losing 12.5%
Tomorrow already 10th Oct.. what happen to regularisation plan? Still in the midst of formulating it? Extension of time until 31st Oct.. should wait or just run away before too late?
