Giken – A potential Indonesia onshore oil field play
Most people would have shunned the following stock, given that it has skyrocketed 800% from $0.035 on 18 Feb 14 to $0.315 on 1 Oct 14. This is notwithstanding the series of shares placement which Giken has done since Feb.
Chart 1: Giken has skyrocketed 800% since 18 Feb 14
Source: CIMB chart as of 1 Oct 14 (not able to put here due to chart incompatibility with my blog. Readers who are keen can email me at crclk@yahoo.com.sg for my pdf version.)
What piques my interest?
Giken seems to be a potential onshore Indonesia oil play. After doing some research on Giken, armed with my queries, I decided to connect with Giken’s management to understand more about their company and their prospects. Mr Sydney Yeung, CEO of Giken (“Management”) promptly agreed to meet me for ...
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