Foreland has made an amazing comeback! U know why?

my dilemna is wether to write it off as bad investment, and just leave it as it is, and hope that the company turns around, or savage whatever money that is left in this counter.

Lets see if company provide any updates on the sales.

Surprising to see that prices did not drop below 50 cents??

Only Tsoi knows why he sold at this price ?  Should only play S-chips with spare cash , so that even if lost all, don’t need to downgrade one’s lifestyle. Best is stay clear of the S-Chip landmine which is getting worse.

Is Tsoi already siau?

He entered into 3 "separate off - market share sale and purchase agreements dated 7 September 2012"  to sell an aggregate of 53,000,000 of his shares in the Company.

Price: 5.8 cents.

Ya, bought after it crashed early 2009. In last few yrs, S-Chips almost always rebound somewhat after crashing, though seldom to their previous high. These days, they mostly rebound  like dead cat bounce or worse , prices keep zig-zagging south.  Maybe there are just too many casualties and counting.  Newbies better stay out.   

Hi Greenrookie, I bought this at ave 9.5 cts, thinking I could make some money over short term and never intended to sell at a loss before 2Q results. However, I sold at 8.5 cts few mths ago to switch to a non S-Chip which came down quite a lot, so I was just lucky. I also switched out of my only other S-Chip abt the same time for diff reasons. I still think abt 10%  of S-Chips are well managed, so if you can find them,  you’d do well as they have been sold down so much.  But this is too tough/time consuming for me, so I am sticking to my more predictable liquid stocks just in case market corrects.   

Hi Greenrookie, I see you are still vested.  When I started this thread the day after the 1Q results ann 7^th May, I felt relieved that 1Q report stated “ we remain cautiously  optimistic on the group’s encouraging performance to continue into the 2Q 2012 ”.  Hence never felt the urgency to sell until the 2Q results as I thought the Exec Chairman will not make such a statement on 7^th May without strong factory orders on hand until end June . But surprisingly they announced  2Q profit guidance on 17^th July.  Anyway, wish you luck.    

Foreland production facilities at Andong has finally got their approvals (Land use, enviromental, etc

The fate of the production facility is one of my red flags in the company, as it will cause heavy writedown in terms of assests if it turns out to be a white elephant.

I will wait till the water treatment plant is built and they start moving into the new facilities and start production there before i decide what to do. I might accumulate more if Foreland is still at such price or lower.

Management mention that there are open to the idea of disposing/ selling the old site. Not sure how profitable the venture will be. But as long as there is no problem with the production, Foreland should have no problems suriving a few years of winter. 

Hey gangho, I agree with you that the stock price is strongly supported at 22-25 cent level.

btw, how you know now "20 [2012]"?

Dukang looks set to be a multi-baggers in 2012. Strong 4Q Result should be the catalyst.

As there could be just around 15 million shares in the market, the price could shoot up rapidly when it starts to catch attention.