Thursday, January 16, 2014
Tuesday, January 07, 2014
Bujang Valley -Pathways
I was alerted to the possible existence of an ancient trade route that may have connected the Merbok and Patani rivers.
While routes of type may no longer be visible to the naked eye, and on site, an enhanced terrain image can highlight pathways that have long been hidden by sediment and vegetation.
The image below is an attempt to make these pathways more visible, and as one can see , there are in fact formations in the central ranges connecting a number of rivers that flow east and west.
Sunday, January 05, 2014
Bujang Valley -More Views From The Sky
Could it have been possible for the early inhabitants of the Valley to yo have traveled overland to the East Coast, thus creating a state or sovereignty that extended across the peninsula,from the west to east coasts?
Or could they have, from the Valley, traded with Chinese, Indo-Chinese,and other East Asians who could have landed their goods at various points on the East Coast? I look forward to your comments.
Tuesday, December 03, 2013
Bujang Valley Archeological Site -A View From The Sky
The Bujang Valley archelogical site has been in the news recently and by all accounts it seems to be a site of some significance which has yet to be properly surveyed.This is an attempt to publicly survey that site using satellite imagery of the terrain at and around the site.
Its colour scheme is arranged such that higher elevations are more brightly coloured, and the plains mostly blue.
The Valley is located to the south the peak at the top left corner of the "blue box" in the Google Map image, and in the terrain image below that. The images may be magnified by clicking on them.
Penang island is located at the bottom left corner of the blue box.
Are there ancient pathways, roads, trade routes , leading into the valley?
Is there further evidence of the ancient jetty at the Sungai Batu complex? Is there something new that jumps out from these images? I look forward to your comments.
|Bujang Valley Terrain Model|
Monday, October 14, 2013
Public Bank's CEO designate demonstrates how when skin matters, the pool is indeed limited-Part 2
The decision to appoint Quah Poh Keat as CEO should not be approved of by Bank Negara which has responsibility to depositors whose funds are the obvious, predominant source of Public Bank's financing.
Thursday, October 10, 2013
Public Bank's CEO designate demonstrates how when skin matters, the pool is indeed limited
Many might think me unfair , but let's start first with a bit of history:
From THE STAR 18 October 2007:
Teh Hong Piow, then 36, beat all the odds and became the founder, owner and managing director of Public Bank Bhd, which opened its doors for business on Aug 6, 1966, in a three-storey building at No 4, Jalan Gereja in Kuala Lumpur
In 1960, the 30-year-old Teh left OCBC to be part of a small group which helped start Malayan Banking. He was one of the management staff charged with building the bank from scratch.
He rose swiftly through the ranks and became general manager within four years.
In 1966 came the decision to strike out on his own.
One of his earliest breakthroughs – a foray into housing development – generated some RM10mil, which was used as seed money to set up the bank.
So -Teh left Maybank in 1966-got into property development , made RM 10 million-and started his own bank in August that year. Admittedly, the story was hard to believe, but now the public record tells a very different story.
Tuesday, October 08, 2013
“We are still on our way to becoming Asia’s BHP Billiton" : Ekuinas last stand?
Updated: Wednesday October 9, 2013 MYT 7:12:54 AM
New shareholder fails to lift Blumont; Asiasons and LionGold also fall
In the first few minutes of trade, Blumont’s share price reacted positively by rising more than 100% to 30 cents. However, it was soon downhill all the way, and the stock ended the day flat at 13 cents.
In the last two days, Blumont had erased S$4.9bil (RM12.55bil) from its market capitalisation after restrictions were placed on the stock.
Shares of Asiasons and LionGold, meanwhile, fell 3.4 cents and six cents, respectively, to 11.6 cents and 19 cents.
During a press conference held yesterday, Molyneux said that the company’s share price was not for the company to look into.
He said that he had invested in Blumont as it presented a “huge opportunity at the price where it is trading today” and explained that the company’s strategy going forward was not going to change.
“We are still on our way to becoming Asia’s BHP Billiton,” he said.
On the question of the valuation of Blumont – which was trading at a price-earnings ratio of nearly 600 times before its plunge – Molyneux said that the value of mining companies came “from creating resources”.
“Resources in the ground is like having gold bullions in your safe, discounted of course to its extraction cost. Mineral companies have value before they have revenue,” he said, adding that major mining companies were valued this way abroad.
Separately, Blumont executive director James Wong said: “Blumont is not under any investigation by the authorities and there’s no reason why there should be one.”
When asked about the events over the last few days, Wong said he did not know the reasons behind the sharp sell-off of Blumont shares.
“We have been in constant communication with the authorities,” he said.
On the sidelines of the press conference, Jett Capital Advisors partner Stephen Silver said he was surprised by the continued designation of Blumont. New York-based Jett Capital had arranged the funding for some of Blumont’s overseas acquisitions.
The Singapore Exchange Ltd (SGX) had declared Blumont, Asiasons and LionGold as designated securities last Friday.
The exact basis for such a move is still not clear, but SGX officials have pointed to its rules, which state that the exchange can designate a security “if, in its opinion, there has been manipulation of the security, excessive speculation in the security, or it is otherwise desirable in the interests of markets established or operated by SGX”.
“We believe all investors should be on an even playing field. By designating stocks, investors are now not allowed to trade on the same terms as a week ago,” said Silver.
Meanwhile, the acquisition price of Blumont shares is subject to adjustment. The final acquisition price will be the volume weighted average price of the group’s shares between the date of the agreement and the closing of the transaction, subject to a floor price of 20 cents per share and ceiling price of 60 cents per share. Closing is expected to take place within 30 days.
Molyneux and Pacific Advisers have agreed that acquired shares would be held for at least 24 months from the completion of the transaction.
In a statement released on Monday, Blumont said that Molyneux would immediately become a consultant and chairman-designate of the group and would formally assume the role as chairman upon the completion of the share purchase transaction.
Last week, Blumont had scrapped a deal to buy Australia’s Cokal Ltd for S$146mil the same day it announced the deal, as the shares had plunged on Oct 4, affecting the commercial terms discussed. Molyneux is a key stakeholder and chairman of two Blumont investee companies: Azarga Resources Ltd and Celsius Coal Ltd.
In Azarga, now Asia’s largest uranium company, he is co-founder and chairman and remains its largest shareholder.
Celsius is a coking coal development company with assets in the Kyrgyz Republic.
Molyneux also serves on the boards of Ivanhoe Energy Inc and Goldrock Mines Corp. From April 2009 to September 2012, Molyneux had served as president, CEO and director of SouthGobi Resources.