Controlling shareholder and operators not satisfied with those shares issued through placement and ESOS. They want more shares. For more control and for more profits when they push it like vivo

Obviously Vivocom goreny by operators. Clearly Azahar knows them. Vivocom was exactly like Bornoil in issued shares and share price. Gluck everyone

See this is like the single most constructive comment ever, great find Justin

justin1njp The only substantial shareholder is held under Affin Hwang Nominees (Asing) Sdn Bhd (Pledged Securities Account for Lei Shing Hong Securities Limited), of which the ultimate beneficial owner is Victoria Limited
20.99%.
Then u can see the name Dato' Azahar Bin Rasul.

That means he own victoria limited.

This dato also is director in EAH n VIVOCOM. Suprise.

Have to wait for the 20% subscription to be done new shareholder come in patience bros

Not the time to hold, time to buy

Sohai

Stockisnotfun Gg liao selling volume bigger that buy volume
17/11/2020 11:03 AM

Volume exploding again...4.5c buy 4.5c sell. They not bored we bored.

Thank useless MCA for providing such opportunities

Can't find another more undervalued counter in Bursa

More than 0.50 net cash + 0.20 in properties

There's a limit to how much a REIT can fall. No worries

Disagree. It's the time to buy

ngothyeaun just hold.
13/11/2020 8:40 PM

TP 2.99 Guaranteed

TP 3 too high la

Jason85 Tp3 realistic or not?
16/11/2020 2:59 PM

Aijorrrrrrrr you play FD la

turbochart Sold all 2.50. Small gain 7k...kikiki
16/11/2020 11:09 AM

RM 5 in the short-term too high, RM 4.99 guaranteed

So we just wait wait wait for them to build up the good news and sekali goreng la

Next result may not show all given cut-off date, but by the quarter after next we should see a lot of cash in the company's books. With that amount of cash + the bank loans, even if you buy REITs you get a decent return. Unless Bornoil is siphoning the $ away, they should be meaningful returns compared to its former self

It's actually not all bad. This also means that $44M has entered into the coffers of Bornoil. ESOS or placement still requires real money going into the company to increase the NOSH

Counting from the recent new round, 665M ESOS shares and 626M placement shares have been listed

The way they are issuing ESOS, it looks like they have an additional 15% arising from the 10% placement

ESOS is capped at 15% and placement 10%

MZM2511, the number of ESOS shares issuable has already exceeded what was approved. I don't understand why nor does Bursa make it easy. 0.0434 was announced, not listed and not cancelled

Anyway I have now flipped from a winner in Vivo to a loser in Bornoil hoping for the best (probably a mistake lollllllllllll)

Chicken rice shop was easily >100M so here we have Sugar Bun with more outlets but just failing to enter the West M space

Sugar Bun...most of us in West M have no experience with it. For the few of us who tried to find them because of this counter, we only notice them opening and closing...HOWEVER looking at BJFood MRDIY and the retailers valuations...if they can ramp up turnover and self-sustain it, there should still be good valuations

But don't need politics, we just need stones and gold...

Shafie lost is a negative. Joseph Ambrose is Shafie's bro

Recently Bornoil has raised 50M + 30M loans (double check yourself I am typing form memory only) which is pretty good. Finally at least the banks vet them and believe them

Most penny stock counters actually have no loans. That used to be the cash for Bornoil. Probably because they have a hard time convincing Banks

Then they blamed it on logistics and some unknown reasons for delay. 2 quarters back it started showing profits. If this takes off together with a firm Gold price, Bornoil really isn't that penny. Bolehlah

BUT we should be patient. The cement clinker plant and limestone have been many years in the making. Recall how they spent hundreds of millions CASH (raised from us) to buy the limestone mines

Having that said, sold Vivocom share ran another 20-30%, buy Bornoil - unchanged and probably going to be the same for some time lolllllllll

If you look at Vivocom or even AT, see how far the share ran after placement...

Balance 119M shares placement issuable at 0.0536. They have managed to issue 45M out of the approved 164M only

Yes, this is one that has no restriction whatsoever and can be sold immediately upon listing

MZM2511 The last issue of ESOS shares amounted 115 mil @ 3.68 sen on 9 Nov also can influence the demand and supply of the coy's shares in the market.
It is allowable for the shares to be sell off in the market instantly or has to wait for certain period before its can be sell??

What you saying, not even a single share issued yet 0.0434 under ESOS tranche 2

MZM2511 UncleFollower There is another 400M ESOS 0.0434 and placement 0.0536
-----------------------------------------------------------------------------
The 400 mil @ 43.4 sen allotted on 7 August 2020 is the second tranche of the New ESOS.
It has been completed before the third tranche of ESOS can be granted.

There is another 400M ESOS 0.0434 and placement 0.0536

To facilitate ESOS they support share price. No more ESOS how lol

We dont need talk fundamentals for penny stock. See Vivocom. But fundamental news will indicate when the sharks come in for another round...remember record breaking one day 2.8B volume here? Syioknyaaaaaa

No Cojack this isn't a one way thing. Charts may or may not lie. But u can see they played it down for another round up, SOON

MOU with MineTech commences today 12-11-20. They have 90 days to enter into agreement.

For 2 years Vivocom forumers and Bornoil forumers say same thing. Then Bornoil ran. Then I ran. Then Vivocom ran. Then I am running. Now back to Bornoil. If wait 2 years then 2 years. 2 years 10X return I ok

Who said share consolidation is bad...look at Vivocom and Vivocom warrants. I am clearing all my Vivocom and warrants stock today buy back Bornoil 5c and 2.5c

Aijor since when CMMT owns Queensbay Mall...read up before talk can

Will188 Gold price up, Bornoil down. Gold price down, Bornoil maintain price. P&l profit? Lol
28/08/2020 10:40 PM

Don't think gold price has any more effect within this range. We do know at $1900+ it's going to be profitable for Bornoil even if it's mine is just a 0.27/gt mine.

But should gold shoot up, Bornoil will run. $2300, $2500...we shall see

Downside is limited. Truly Bornoil has yet to dig out the gold, but it is a good proxy considering the downside/ upside risk. Market is intelligent. This is not goreng je. There are merits in Bornoil's current price despite looking as if it is a goreng only stock

The spread of the COVID-19 pandemic took the world by surprise and Malaysia’s Gross Domestic Product (GDP) contracted by 17.1% in the second quarter of 2020. While the full economic impact of the COVID-19 pandemic is still unfolding, the scale and duration of which remain uncertain, coupled with the volatile stocks markets have resulted in investors flocking to
gold as a safe haven asset and pushing gold prices to a record-breaking run reaching an all-time high of above USD2,000 per ounce.

Subsequent to our announcement on an Independent Reserves Assessment under the Australasian Code on Reporting of Exploration Results - Mineral Resources and Ore Reserves (JORC Report) on the Bukit Ibam Gold Prospect at Mukim Keratong, a Memorandum of Understanding ("MOU") was signed with Minetech Construction Sdn Bhd on 10 August 2020 and 13 August 2020 respectively. The proposed joint collaboration between the parties will reduce the Group’s capital outlay required for the gold mining works and free the Group’s resources to continue with the gold exploration works on other Zones. The Board will continue to exploit the Group’s assets to take advantage of the soaring gold prices.

Amidst these external headwinds, the Board will remain cautious and focus on drawing on our advantages through effective collaboration with external parties to enhance our ability to face the challenges ahead.

Limestone segment showing very high margins and stability after all these years of waiting...

The Resources & Sustainable Energy (“RSE”) reported a revenue of RM3.40 million with a corresponding profit before tax of RM2.02 million for the current quarter was mainly contributed from the sale of limestone. The loss before tax of RM72.94 million for the corresponding quarter was primarily due to the impairment of assets and expenditure relating to the mining division.

Impressive results...F&B segment close to 200 outlets lost 31k only despite MCO

Doesn't look that bad la considering how much it came up and relative to other counters