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Black Gold Industry Discussion

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lailai
    22-May-2026 07:38  
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the indon govt is too interfering and manipulative for geo. if ever geo returns to 60c, will sell all and quit indon counters. 
frustrating by the day seeing massive drop from 67.5 to 46.5 within days, unimaginable but happening, and all the good works of chair melati sinking when it should be uplifting to kgi tp of 127.
indon govt too unpredictive, and wounding the goose that lays their golden eggs.
just opnn, sad to say. 

Newbie85      ( Date: 22-May-2026 00:27) Posted:

https://www.businesstimes.com.sg/international/asean/danantara-indonesia-will-honour-commodity-export-contracts-will-review-prices


More clarity coming.

Price will stabilise once more clarity comes in.

Currently oversold. Msw price zone. Brainless trade for now

 
 
Newbie85
    22-May-2026 00:27  
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https://www.businesstimes.com.sg/international/asean/danantara-indonesia-will-honour-commodity-export-contracts-will-review-prices


More clarity coming.

Price will stabilise once more clarity comes in.

Currently oversold. Msw price zone. Brainless trade for now
 
 
Taylor
    21-May-2026 23:42  
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May be may be coming May Day before June in coming as early as possible BB cash I'm going holidays
 

 
tccroy
    21-May-2026 21:23  
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Luckily it's not Geo Energy

thinkpad      ( Date: 21-May-2026 19:12) Posted:

Read somewhere today that Indo Prez said the tax loss due to under invoicing etc is estimated usd 150 billion per annum

Someone in the industry said the figure is hard to verify, and would put the amount at usd 6.5 billion per annum.

If true, the tax capture thru this state control plan may be killing the golden goose if international investors decide to pull out from indonesia, ie more to lose Penny wise, pound gong gong.

 
 
stockpicker
    21-May-2026 20:26  
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Just to add for clarification. According to the description of SGX,   the short selling history record published by them are the short selling marked by sellers when they sell their stock on that day.     It is not considered naked short until T+2, in which time, SGX will start the buying-in and impose the penalty.   Most sellers usually cover their short before T+2. 

stockpicker      ( Date: 21-May-2026 09:23) Posted:

If buying back b4 the close or within T+2,   that is not a short selling according to definition 

flewid      ( Date: 21-May-2026 08:45) Posted:

Not all short selling are marked as short sell. I have shorted often with scrip that I own, so there is no need for me to mark my trade as short sell. I just sell and then buy back later in the day or another day. 


 
 
thinkpad
    21-May-2026 19:12  
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Read somewhere today that Indo Prez said the tax loss due to under invoicing etc is estimated usd 150 billion per annum

Someone in the industry said the figure is hard to verify, and would put the amount at usd 6.5 billion per annum.

If true, the tax capture thru this state control plan may be killing the golden goose if international investors decide to pull out from indonesia, ie more to lose Penny wise, pound gong gong.
 

 
tccroy
    21-May-2026 17:50  
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I hope they had sold theirs so that no more worries whether they are still holding and sell later to resist the prices from going up

JurongW      ( Date: 21-May-2026 17:25) Posted:

Just wonder if those investors had already sold out the placement shares secured in March.

JurongW      ( Date: 20-May-2026 23:01) Posted:

Recap



 
 
JurongW
    21-May-2026 17:44  
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Let' s see if the weekly 50EMA at 46 can hold tomorrow, or will it drop further to test the lower channel and rebound from there.

 
 
JurongW
    21-May-2026 17:25  
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Just wonder if those investors had already sold out the placement shares secured in March.

JurongW      ( Date: 20-May-2026 23:01) Posted:

Recap


 
 
JurongW
    21-May-2026 17:18  
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Share price close below 200 EMA (~47.5).  Next 2 support is at 45 and 42 (trendline support).
Note that Insitutional investors subscribe for 15 million shares at 42.5 in March 26.

JurongW      ( Date: 20-May-2026 18:18) Posted:

If share price continue its descent tomorrow, let' s see if 47.5 at 200EMA can act as good support
Next strong support is at the ascending trendline.

JurongW      ( Date: 20-May-2026 14:06) Posted:

Updated version



 

 
tccroy
    21-May-2026 17:11  
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Today dropped only 2.5 cents but not 3 cents quoted by me. My guess is, many had sold their holding either yesterday or today and are expecting to buy back at cheaper prices to maintain their holding for Q3 MBJ income

ILoveTehO      ( Date: 21-May-2026 17:06) Posted:

If tmr drop again, will join you. Selling looks abit exhausted for now.

tccroy      ( Date: 21-May-2026 17:00) Posted:

See no further. Today is the 3rd day of drop. I loaded at 46.5 for only 15,000 shares. It is the best time to collect since the prices has dropped that much and very few investors are interested to enter. It will be moving sideways in the next few sessions. Those who support my idea, can enter now


 
 
ILoveTehO
    21-May-2026 17:06  
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If tmr drop again, will join you. Selling looks abit exhausted for now.

tccroy      ( Date: 21-May-2026 17:00) Posted:

See no further. Today is the 3rd day of drop. I loaded at 46.5 for only 15,000 shares. It is the best time to collect since the prices has dropped that much and very few investors are interested to enter. It will be moving sideways in the next few sessions. Those who support my idea, can enter now

 
 
tccroy
    21-May-2026 17:04  
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Day one, it dropped 6 cents, Day 2(yesterday) dropped 7 cents and today, dropping 3 cents. The fall has a limit.

tccroy      ( Date: 21-May-2026 17:00) Posted:

See no further. Today is the 3rd day of drop. I loaded at 46.5 for only 15,000 shares. It is the best time to collect since the prices has dropped that much and very few investors are interested to enter. It will be moving sideways in the next few sessions. Those who support my idea, can enter now

 
 
tccroy
    21-May-2026 17:00  
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See no further. Today is the 3rd day of drop. I loaded at 46.5 for only 15,000 shares. It is the best time to collect since the prices has dropped that much and very few investors are interested to enter. It will be moving sideways in the next few sessions. Those who support my idea, can enter now
 
 
Newbie85
    21-May-2026 16:47  
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This price now is msw. Buy and pick up.

Market don?t like uncertainty.

Once the bigger frame work and guidelines out, we would see funds flowing back in.
 

 
ETHunter
    21-May-2026 16:43  
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Last placement to institutions and astute investors was 5.25c.
All underwater.. 

yoga123      ( Date: 21-May-2026 16:20) Posted:

I think 0.425 (placement shares) will be a key support to hold.

ozone2002      ( Date: 21-May-2026 16:02) Posted:

Last:0.465        -0.025
msw priced at kampung durians
leilong deal


 
 
yoga123
    21-May-2026 16:33  
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As of now, it appears there are 2.9 million at 0.43 protecting the 0.425 level.

yoga123      ( Date: 21-May-2026 16:20) Posted:

I think 0.425 (placement shares) will be a key support to hold.

ozone2002      ( Date: 21-May-2026 16:02) Posted:

Last:0.465        -0.025
msw priced at kampung durians
leilong deal


 
 
thinkpad
    21-May-2026 16:22  
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CEO more jialat. When he was shouting billion dollar club, his holdings worth $300 plus millions. Now his holding dropped by more than $100 million...

What is he gonna do?

Show us the confidence in Geo...
 
 
yoga123
    21-May-2026 16:20  
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I think 0.425 (placement shares) will be a key support to hold.

ozone2002      ( Date: 21-May-2026 16:02) Posted:

Last:0.465        -0.025
msw priced at kampung durians
leilong deal


ozone2002      ( Date: 20-May-2026 18:07) Posted:

Last:0.49        -0.075
big coal sale
still bullish on commodities and price pullback is an opportunity to collect more


 
 
Newbie85
    21-May-2026 16:11  
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Director bought 505..
 
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