| Latest Forum Topics / Geo Energy Res Last:0.455 -- |
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Black Gold Industry Discussion
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lailai
Elite |
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. 
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Newbie85
Veteran |
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 |
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Taylor
Elite |
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 | ||||
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tccroy
Elite |
21-May-2026 21:23
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Luckily it's not Geo Energy
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stockpicker
Master |
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. 
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thinkpad
Member |
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. |
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tccroy
Elite |
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
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JurongW
Elite |
21-May-2026 17:44
Yells: "Earnings give weight, Chart give wings" |
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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.
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JurongW
Elite |
21-May-2026 17:25
Yells: "Earnings give weight, Chart give wings" |
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Just wonder if those investors had already sold out the placement shares secured in March.
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JurongW
Elite |
21-May-2026 17:18
Yells: "Earnings give weight, Chart give wings" |
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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.
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tccroy
Elite |
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
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ILoveTehO
Senior |
21-May-2026 17:06
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If tmr drop again, will join you. Selling looks abit exhausted for now.
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tccroy
Elite |
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.
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tccroy
Elite |
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 | ||||
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Newbie85
Veteran |
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. |
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ETHunter
Master |
21-May-2026 16:43
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Last placement to institutions and astute investors was 5.25c. All underwater.. 
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yoga123
Elite |
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.
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thinkpad
Member |
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... |
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yoga123
Elite |
21-May-2026 16:20
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I think 0.425 (placement shares) will be a key support to hold.
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Newbie85
Veteran |
21-May-2026 16:11
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Director bought 505.. | ||||
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