EPS and PE ratio are also used to evaluate performance of share counters, irrespective of the size of Issued capital. The main and core profit generator of Bornoil is gold mining. So watch out monthly gold production reporting, once it favourably indicates sustainable growth trends in gold extraction. Then it will be durian runtoh. Cheers

I reckon the catalysts to invest in Bornoil for medium to long term are 1. Can Bornoil Gold production increase to favourable level and with prices of gold moving in tantum. 2. How much more new profitable businesses are to be injected into Bornoil by HS boss. 3. After bonus issue, if approved will bring down the price of Bornoil share which will make it more "affordable" to speculate by punters. Good luck.

Increases in Gold price are beneficial to Bornoil if it holds alot of gold stock purchased at low price in their Gold trading business.? Mindful that Bornoil ain't doing so well in their Gold trading business as per Recent FY reports. OR Bornoil can increase their Gold production expeditiously to make good profits from the increased Gold price. Neither their production of gold has increased.

Clash of titans of syndicates. Money games. At the end of the day...May the FORCE be with minority investors..Cheers

There are always buyers for every sellers !

Try again

Syndicates squeeze T4 on last Thursday n Friday mini run up. Calm before a storm. Cheers

Today can make roti canai , with 0.18 and .185. Teh tarikkk.

In short and simple, the management of Bornoil is rewarding the loyal shareholders with Bonus rather that cold cash OUT of Dividends. The Issued Capital will increased by 50%. More people are eating the same size cake (unless profit increases by same margin or more in coming Qs) . EPS will drop unless profits are generated and increased by same margin or more, going forward. Not always the price of share would move up after Bonus announcements unless follows by better results and Dividends, if any. ( MyEG for example). The price of Bornoil would be adjusted downwards after the Bonus, meaning more affordable to goreng! Cheers and Gn.

Based on last week (recent) , price transactions history, the best price done is at 6 Sen. Done during a very short rally. Good luck.

Cyrix8, before recommending to buy. WHY buy at 50 ok 55 now? What are the value of the shares after the Consolidation n Rights exercise? You need to inject more money to subcribe the RI n WA? New shares issued to buy courier / logistic company! Good prospects, going forward??

There are few camps of stockists out there in Bursa trying to outsmart each other to earn as much profit for their employers who in return reward the stockists by performances based. So it had to take as many trading days to digest the sellers at each new levels of 18sen , 19sen...........Nn. Sabar Sabar.

Anytime soon ! Too fast may trigger UMA. With catalysts of reported large potential gold deposits , FY in Mar 17, recent high volume traded, shares buy backs and in stream of new businesses (bauxite n limestones). Slowly but surely it inches up. All these timings are perfect . Patience another 30 days or so. Cheerio.

Big gold veins discovered and with HIGH price of gold denominated in USD and Competitive Cost of Gold extraction (Ringgit). Bingo. !

As per above repors.....potential 25,000 Oz (surrounding areas) X 1,152.15usd = usd28.8M??? Less cost of mining?????

The trenches around the north-south trend have also consistently defined a roughly 600-meter long by 300-meter wide zone. Bordering around this main zone are smaller satellite zones that has overall estimated total shallow ore resource potential of up to 25,000 ounces gold. Below this shallow ore zone is a hard-rock ore proven by the two notable holes that may also extend even deeper as numerous tabular (fissure) ore bodies, shown in Figure 1 as the Bukit Ibam’s schematic geological setting, that could at least double the estimated shallow oxide ore resource potential.
Phase 2 drilling meterage to date is 2,188.7meters with last hole BMD31 pending assay result. Further drilling to prove the hard-rock resource continuities at depth and along strike is on-going, and hopes to delineate additional resource which can be presented under the accepted industry standards. Another announcement on the completion and results of the on-going exploration works will follow.
The above report was approved by the Company’s Chief Geologist Dr. Zakaria Endut who is a qualified geologist holding a Doctorate from University Malaya and with a Bachelor Degree in Geology from University Kebangsaan Malaysia, with the assistance of external consultants under stringent industry practice standards. Presently he is the Chairman of the Economic Geology Working Group, Geological Society of Malaysia.

NEO OIL BERHAD(Co. No. 121919-H)

ANNOUNCEMENT –MINERAL RESOURCES AND ORE RESERVES REPORT ON THE
ON-GOING PHASE 2 OF BUKIT IBAM GOLD PROSPECT
______________________________________________________________________________________

Borneo Oil Berhad is pleased to announce that the Drill Result of the on-going phase 2 carried out by its wholly owned subsidiary, Borneo Oil & Gas Corporation Sdn. Bhd, had identified additional gold mineralization at depth at Bukit Ibam – intercepted 8.3 metres with weighted average gold grade of 2.68g/t, including high grade zone of one meter with 19.2g/t gold and 14 meters averaging 1.39g/t gold.

This announcement is made as a follow-up to the previous one made on 19th July 2016.
The on-going 3,500-meter Phase 2 preliminary diamond drilling results at Bukit Ibam has proven the down-dip continuation of surface gold mineralization intercepted by shallow trenches as mentioned in the July 2016 announcement. The surface mineralization seems to continue at depths of around 70 meters as proven by some of the current Phase 2 diamond holes. Most notable of the holes drilled are BMD28 and BMD29, located around 30 meters apart north-south, that have both intercepted significant and continuous gold mineralization along strike and dip as shown in section view of Figure 1. BMD28 intercepted 8.3meters with weighted average gold grade of 2.68g/t, including high grade zone of one meter with 19.2g/t gold. Hole BMD29 intercepted 14 meters averaging 1.39g/t gold with enriched 3.7-meter zone having 3.16g/t gold average. Both intercepts confirmed the 30-meter strike continuity and 70-meter down-dip continuity from the surface by trench 8E.
These mineralized intercepts are hosted by sericite altered fine-grained volcanic and bounded by the altered/sheared meta-sediments (shale) at hanging wall & footwall. Quartz vein mineralization with randomly oriented dilatational form is associated with quartz-stock workings in the volcanic, suggesting hydraulic fracturing by an intrusive somewhere at depth. Other holes drilled earlier with similar intercepts are aligned in a north-south trend, listed in table below.
Another hole BMD06 which intercepted 5 meters of 1.86g/t gold from depths of 26 to 31 meters is located 300 meters south of holes BMD028 & BMD029. It is located at the middle of the north-south trend with shallow intercept, Figure 1, and was also collared within the zones where previous trenches have proven low-grade gold mineralization or shallow oxide ore which is often amenable to free-digging mining method. Other holes with low gold intercepts of less than half a gram gold are mostly shallow, suggesting possible higher gold grade at depth for further follow-up drilling.

Equally Bornoil sustain increase production of gold is vital.

Like many of us had said, .More transparency is required to ascertain the directions and prospects, if any of Bornoil. How much business is on Gold Trading and Gold mining? Also noted that, Bornoil has Fast Food, Bauxite and limestone etc. I reckon the core BIG profit generations would be from Gold either trading or mining , of course the later is a better bet. Low cost of production (Ringgit) and Sales (USD).
But thus far from the monthly gold production reports, even with the new gold mining plant (commission end of 2016?), the increase in gold production has not been significant. Hopefully with the teething problem and run in of the new gold plant, raining weather and festive seasons behind us, the production of gold will soars to new heights..then it would augers a "durian runtoh" for all loyal Bornoil investors.

inventory declined 155.52 kg. (probably sold in the open gold mkt)
Ores Mined decreased and thus production of gold dore has similarly shrunk. (also in percentage to Ores mined)
Nil conclusion until next month the FY results.
Patience.

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description CHAPTER 9.36, PART M
MONTHLY PRODUCTION FIGURES FOR THE MONTH OF JANUARY 2017.
oz gm kg
1. Inventory 43,918 1,366,000 1,366
2. Ores mined 48,936.80 MT
3. Production of Gold Dore 72.54 2,256.26 2.256
4. Gold Price (USD/oz) Low USD1,152.15 per oz
High USD1,218.25 per oz
5. Gold Price (RM/gm) Low RM166.18 per gm
High RM174.58 per gm
Gold Price (RM/oz) Low RM5,168.77 per oz
High RM5,430.19 per oz


888888888888888888888888888888888888888888888888888888888888888888


Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description CHAPTER 9.36, PART M
MONTHLY PRODUCTION FIGURES FOR THE MONTH OF DECEMBER 2016.
oz gm kg
1. Inventory 48,918 1,521,520 1,521.52
2. Ores mined 55,160.80 MT
3. Production of Gold Dore 88.87 2,763.95
4. Gold Price (USD/oz) Low USD1,128.38 per oz
High USD1,177.02 per oz
5. Gold Price (RM/gm) Low RM161.95 per gm
High RM168.93 per gm
Gold Price (RM/oz) Low RM5,037.34 per oz
High RM5,254.27 per oz

Sugar bun is ok in KK. Saw one outlet in the late morning , business is brisk. Saw few outlets in KK. And one pezza piza in ijm Sandakan.

The 2nd Plant may NOT have fired up to increase the gold production. Dec and Jan would be little changed and the wet weather has not helped either. Wait for full FY. (end mar 2017) cheers

for the past few days, it was Bornoil stockists vs the day traders.
the winners are those who can buy at 16 sen and sell them at 16.5 sen
cheers

Next week,most probably, the Production Statistics would be announced. Obviously, if favourable then it augers well to Bornoil died hard supporters. Hope the new production lines generate more GOLD by now. Cheers.

today 29 Dec 16. T4 for some day traders. Stockists have the
advantages to better control the day tradings. Good Lucks and Happy New Year 2017. May the Rooster brings us prosperity and health. Cheers

property reevaluation Gains. Do companies realise this as profit and get tax ? The recently reported QR profits contains the reevaluation positives?

Quarterly results due end of Dec2016.
Until then we can have a better picture
Of Bornoil directions.

Gold prod down 2.768 from 4.8422.
Inventory up 1,394 from 863.34
Price of gold sliding down.
Unless gold inventory has been disposed
In Dec 2016?

After 1700 hrs!

After 1700 hrs!

Someone trying to push the price before AGM?
What are the motives??

AGM on 21 Dec 16. Time for UBAH and CHANGE. Vote wisely.

It is a money game between the Bornoil stockists vs Day Traders.

I reckon the Stockists and Day Traders on Bornoil have their 'endurance' and 'financial backings' tested recently. May the FORCE be with them and the strongest will emerge the Winner. Cheers

Last trading day , dogs fought to buy at 0.185. today ready seller at 0.18 (12710100 shared). Flushing out the day traders and weak holders. Good Luck everyone!

Agreed Bruce, Bornoil is relatively an infant gold miner and fast food player and achieving these results are indeed challenging. Obviously, Higher the Risks , Higher the Returns. Dares you!!

You don't need to be a fantastic gold trader to lock in profits for the last 6 months. You need some luck and more importantly Capital, loads of money to profit from recent Gold movements. This will eventually translate to a promising Quarter results for Bornoil.

The published letters bear no names so sensitivies and indentities of the writers are maintained. It is not meant to shame the writers but to let them realize the importances of writing a thoughtful application for scholarships.

Both scenarios, you are stucked. But the latter you are better off.

One of the basic shares speculation and investment thoughts is "who is the bigger fool theory". What you have profited , some bigger fools lost them to you. The last person to hold the shares at high price just before their prices decline, are the bigger fools. Happy trading where ever you are. cheers.

dear supergeng wolf, pls enlighten ,, Bornoil shares are passing from A=> B => C => A. cheers,

Friday , 20 Nov 15 luke warm activities on the prices of MUH noted. Time and opportunities are Right NOW !!! after a long hibernation. go go go!

slowly but surely the price of BornOil Ord share is inching up to the post RI issue price tag. Impessive Buy rate of 73%. strong buying at 15 sen ..34M shares transacted at point of writing.

warrant B exercise price is 10 sen and WC is 11 sen but their prices are 8.5 sen and 6.5 sen respectively. Why the different. ? Did I miss anything here?

Give them a chance to earn our respects for these new mgmt. probably the 2 Q results will be out in end of Nov 15. Only then we judge their capabilities. Cheers.

Right

EGM deferred until the said Court case is heard. Please Refer to the internet for the details of the Court case. Meanwhile observe online activities of share price and volume of MUH for directions. Merry Christmas and a Happy New Year.

Jenn. ...JtPc2006 said mid Dec.14!......Yours 'Coming Soon' How soon is SOON? Please let us know the reason, if any for the almost 100% increase in share price of MUH to rm3 from rm1.58 ? A major change of Directors after the EGM in 19 Dec 2014?

This is a property developer n construction materials. Jtpc2006...you have very positive outlook on this counter. Mid Dec is just around the corner.....so far the price of this counter has retracted to around rm1.60 today. Rm3.50 or near it, looks elusive dreams.