$AUMAS (0098.MY)$ What’s the reason for today’s rise? Could it drop again tomorrow?

$AUMAS (0098.MY)$ OTHERS PROPOSED NEW AUTHORITY TO AUMAS RESOURCES BERHAD ("AUMAS") TO PURCHASE ITS OWN ORDINARY SHARES OF UP TO TEN PERCENT (10%) IN THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY AT ANY GIVEN POINT IN TIME ("PROPOSED NEW SHARE BUY-BACK AUTHORITY")
AUMAS RESOURCES BERHAD
Type Announcement
Subject OTHERS
Description PROPOSED NEW AUTHORITY TO AUMAS RESOURCES BERHAD ("AUMAS") TO PURCHASE ITS OWN ORDINARY SHARES OF UP TO TEN PERCENT (10%) IN THE ENTIRE ISSUED AND PAID-UP...

$AUMAS (0098.MY)$ ​TAWAU: The civil trial involving AuMas Resources Berhad (formerly Bahvest Resources Berhad) and its wholly-owned subsidiary, Wullersdorf Resources Sdn. Bhd., continued today at the Tawau High Court before Judicial Commissioner Steve Ritikos.
​During the proceedings, the court issued several case management directions regarding several pending applications.
​The legal action names Lo Fui Ming, Lo Teck Yong, Chong Khing Xhung, and Southsea Gold Sdn. Bhd. as defendants.
Counsel...

$AUMAS (0098.MY)$ TAWAU: The civil case trial involving the gold mining company, AuMas Resources Berhad (formerly Bahvest Resources Berhad) and its wholly-owned subsidiary, Wullersdof Resources Sdn. Bhd., resumed today at the High Court here.
The proceedings took place before Judicial Commissioner Steve Ritikos, who issued several case management directions involving several undecided applications.
The lawsuit names Lo Fui Ming, Lo Teck Yong, Chong Khing Xh...

$AUMAS (0098.MY)$ Material Litigation (cont’d)
On 4 December 2023, the Sandakan High Court in Civil Suit No. SDK-22NCvC-11-6/2023 (Sandakan
Suit) has granted an inter partes injunction order against SGSB along the following terms:
a) that SGSB be restrained, either by itself or through its directors, associates, officers, servants, agents,
nominees or anyone else, from taking any further steps in respect of SGSB’s Demand dated 2 May
2023 and/or the purported Temporary Resolution between W...

$AUMAS (0098.MY)$ Material Litigation (cont’d)
Apart from the above Suits, there is another claim filed by the former director, CKC against WRSB in the
Industrial Court for constructive dismissal. CKC is one of the Defendants in the Suit filed by WRSB
referred to above. The allegation of constructive dismissal is premised on the Civil Suit filed against him
by WRSB. The Industrial Court has fixed the hearing on 23 to 25 June 2025.
On 18 December 2025, the Company and WRSB were served with...

$AUMAS (0098.MY)$ Does the inventory figure in AUMAS's latest financial report represent the original cost of gold or its market selling price?

$AUMAS (0098.MY)$ The issue of misconduct by Wulersdrof Resources S/B, a subsidiary of AUMAS Corporation, has been raised by shareholders. The following issues were discussed...
The absence of approval for the Environmental Impact Assessment (EIA REPORT) for Wulersdrof Resources is indeed a serious violation of government law.
The permit approval for gold mining operations under the name of Wulersdrof Resources is quite confusing...

$AUMAS (0098.MY)$ Gold is currently trading at 5,000 USD, but the Malaysian ringgit to US dollar exchange rate is 3.9. Does this pose a significant threat to upcoming earnings?

$AUMAS (0098.MY)$ TAWAU: The wealth of mineral resources in Sabah, including gold, copper, iron ore, and coal, holds great potential to boost the state's economy.
However, it is understood that constraints such as lengthy licensing processes and the lack of guaranteed mining licenses are among the main factors causing investors to remain cautious about venturing into the industry.
The founder of a mining company in Tawau, Datuk Lo Fui Ming, said that although Sabah has been identified to have more than 34 mineral-rich areas, not many companies...