The time has arrived for Bornoil. Strategic stories are appearing. As at 15 December 2021, total number of shares placed for Macquarie Bank and remain unsubscribed was 112,827,550 shares. On 20 January 2022, 12,827,550 was subscribed. Then again 21 January 2021, 52,600,000 shares were subscribed. The outstanding balance unsubscribed is only 47,400,000 which I expect will be subscribed very soon and this concludes the full placement.

The other interesting issue is the price of shares of Verde Resources Limited of which Bornoil holds 166,666,666 shares at US 3 cents per share. As at 30 Sept 2021, price of Verde share was
US 7 cents which accounted for a fair value gain of shares held of USD6.7 m or around RM28 million.

On 20 January 2022, Verde share price rose to US 24 cents, an exceptional rise of US 17 cents. This is a significant rise in fair value gain of USD28.3 million or RM117 milion.

All these positive developments are happening around this 2022 Quarter period and I expect more strategic story lines will be announced soon.

All the best and good luck.

I noted Bornoil is very aggressive in accumulating its treasury shares to date, of course using its available cash. I believe the Group deems the current market price to be cheap, My opinion is that once the market environment gets better and Bornoil shares begin to lift in the future, they will surely dispose the treasury shares for abnormal gains.

lehubeng....you are correct. the latest announcement was made following the last audited financial year ended June 2020, and the number of shares were 5 over billions. Now it is more than 7.245 billions.

The other point I wish to raise is the volume of ESOS issued and exercised. Judging from the capital which the employees are willing to spend on exercising the options, I believe most of them will be keeping, perhaps knowing a little about the potential developments in the near future.

It will also be a good move if the Group decides to consolidate its capital by reducing the number of shares.

At long last, it is happening..... still not too late to pick up at 4 sen a share.

It is all about gold this time...hovering above USD1,800 an oz. What if it goes up to USD2,000 ?

The latest announcement is extremely positive especially the disposal of the Group's Technology Assets and Intellectual Property Rights which were totally impaired or written off in 2019. Now by selling off at USD5 million the Group will generate a gain on disposal of RM20,527,500 in 2021 which is about additional earnings of 43 sen per share arising from this gain.

Instead of cash, Bornoil will be getting 166,666,667 shares in Verde Resources Incorporated of which current market value (listed in USA) is USD0.06 per share. Hence, you will notice Bornoil is receiving Verde shares as consideration at a substantial discount (166,666,667 shares x 0.06 = USD10 million). There is excess profit over USD5 million.

Looks like with the recent continuous positive announcements following the 10 % share subscription by MacQuarie Bank, we can almost conclude that there will be better news ahead.

We must be aware that Macquarie Bank is a renowned bank in Australia with a share price quoted at AUD156 per share. So if Macquarie Bank is willing to be a shareholder in Bornoil,,there must surely be positive business plans to convince Macquarie Bank to invest 10 % capital.

All the best and good luck. I am picking up more shares.





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This is one counter where the price is going to rise even more once the June Qtr is released in August. It will be more than RM1 in the short term ... and I expect Tekseng to have more media news under current health situation. Good luck everyone.

LIIHEN has all the fundamentals of a well managed company with a good level of cash hoard for immediate expansion or diversification. It is worthwhile to watch its strategic expansion plan especially based on its latest major shareholder Mr Chua acquiring substantial shareholdings in TAFI. It will be a one plus one equal to three ...

My guesstimate tells me that the short term target price is probably 70 c. TAFI is a company that has been extremely dconservative in its commercial operation since listing. Should a strategic partnership be struck between TAFI and LiiHen... TAFI can become a darling and turn around in less than a year. Tomorrow will be exciting for TAFI to see which level it aims for as volume today has risen substantially with highest price reached at 58.5 c.

Fellow friends.... today broke 40 c and it is one of top 30 gainers in %. AGM is over and the concert starts regarding strategic plans. Currently at 40 c is still cheap and the next target is 50 c and aiming for net asset value at 53 c.

Am pretty sure something exciting brewing.

Good luck and while watching Tafi. .. good to watch Liihen too...

Qtr report is out... not too bad with a small loss .. as usual low revenue due to lack of marketing performance,. Balance sheet is good with surplus cash balance, good installed production facilities and most importantly numerous properties that are well in place and ready for expansion if needed. The Company can effectively turn around if a good corporate plan is instituted to turn around by aggressive management.

My observation over the last two days showed very positive development arising from increasing share sales volume.

On 26.6.2020.. 2,965,800 shares traded between 25 c to 29 c .closing 29.5c. Then on 29.6.2020, share volume is maintained around 2,888,400 shares with prices ranging between 29.5 c to 35 c .. closing at 30.5 c.

It is interesting to watch the volume trend from now on. TAFI has only 80 million shares and with an average daily transaction of 2.9 m shares is 3.625 % shares traded on overall number of shares.

Keep watching .. Good luck..

I agree with comments made by faraday9933. Those who like the performance and future of Liihen should look at TAFI. The shareholders of LiiHen has recently become a substantial shareholder. Does that mean LiiHen is embarking on an expansion plan by working closely with TAFI? TAFI's balance sheet look good except it has hibernated its business for a long time. Good to watch how these 2 companies come close to work together.

This is a very exciting moment to see the latest announcement on Mr Chua Lee Seng's substantial shareholding in TAFI on the same day as TAFI's issuance of notice of AGM.. All of you will know that Mr Chua is a very successful furniture business man and is the founder of Liihen. With him now holding more than 7 % will see more significant corporate development in TAFI.

The infrastructure for high quality office furniture in TAFI is very well in place except that its marketing strategy is too conservative and should Mr Chua gets involved, TAFI' s revenue will rise significantly.

TAFI IPO price was 70 c when it's par value was 50 c. Currently TAFI price is 53 c. Yesterday saw the largest volume traded at high at 39 c and closed at 29.5 c. Should there be any further corporate development .. price of TAFI should comfortably range between 53 c to 70 c.

Time to watch closely TAFI and it's going to be very exciting.

Big volume picking above 60 c.... show starts ,,,...

59.5 c shares all snapped up....

Any price below 60 c is a good pick. .. this is just a short break before it starts trending above 60 c.

For the year ended 31.12.18...the impairment cost on property, plant and equipment alone was RM76.71 million which contributed to the significant loss. Then for financial year 2019 .. the impairment loss is RM44.131 million.. All in .. these 2 years the Company wiped off RM120 million in the profit and loss account. I take this as the Company has cleaned up the previous failed solar business and the 2020 year will be a year of success .. and first Quarter will turn around without any impairment loss. This is reflected in the current uptrend of its share price. So Tekseng is likened the rise of ashes to Phoenix.... Good luck

Another exciting day starts in 40 minutes... aiming for 70 c today ..for every one sen rise on 60 c is 1.7 % rise. Why keep cash in banks ?

The result is expected to be very good .... it is better for managment to delay the announcement .. so that more time may be given to those who missed out purchasing earlier to collect some to make some pocket money...Good luck ...

58 c.... very strong

57.5 c...going 60 c

Closing to 57 c next

Large volume and touch high 55 c.... won't surprise 60 c reached by end of day...up and down so can start collecting to make 10 % at least...

The steam is coming.

Tekseng's turn to shine

52.5 c.. going .. going...

Now 52 ccc

Today ... already 51.5 c..... going for 52 c

I expect the quarterly report to be very good for the fact that there would not be any impairment cost to write down anymore. For the past quarters ... the losses had been due to significant write downs as a result of serious impairment costs. My opinion is that there is room for Tekseng to move towards 60 c in the near future before the quarter result.

Looks like a turnaround story for Tek Seng. I expect the operation to turn around after many Quarters of high impairment costs... wiping off all the operational margins. In December Qtr, impairment cost alone was RM30 m. which I believe is the last parcel of impairment write down. So the only direction for this March Qtr result is a profit ... which is a turnaround after so many Quarters. Share prices have been gradually rising up eg.. June 19 Qtr price was 23 c.. then Sept Qtr was 25 c.. then last week shot up to as high as 33 c... and today ... my God .. shot up to above 50 c. Looks like the there is a chance for the price to continue rise to reach above 70 c after the result is announced, Good luck to everyone.

Company bought back 12.8 million shares today.. Speeding up buying back most of the shares..

At last this is the time we have been waiting for. Bornoil came up as the top 7 in the most active counters with 62.9 million shares traded and rose 25 % in market price .... up to 5 c. Before close most of the 5c queue to sell were snatched up. As from today, I think the number of shares traded will become very active and price could probably hit 6 c. If this happens, probably we deserve some good corporate news. No joke. Up 25 % in one day. If invest 5 c now and go to 7 c ... is another 40 % gain. I opine... it is a good time to accumulate Bornoil shares. GOOD LUCK TO ALL !

Sure ... share buyback plan is getting more active .. used to be 400,000 to 500,000 shares a day. Now has been accelerated 4 times ie yesterday add on 2,000,000 shares. Last Friday was 4,600,000. If this trend goes on... will be very positive and we hope for some good news going forward. Don't forget all the ESOS granted to employees previously were exercised at 9 sen per share... 2 times higher than current market price. It is very cheap now at 4.5 sen.

It is good news to see Bornoil accelerating it's share buyback plan. It has been using its good money buying back shares for many months and what interests me was Friday's all out buyback of 4.6 million shares in one go. This shows that the Company knows and is ready to add shareholders' wealth in the near future. All the buyback becomes more aggressive in the midst of entry of major corporate man Datuk Freddy Lim as major shareholder in July 2019 with the acquisition of 55.55 million shares. He now holds near 6 % shares. Also another well known corprate lawyer Datuk Joseph Lee Yok Min acquired nearly 120 million shares in March 2019. and is appointed as Executive Director. All these tells me that all these major shareholders will play key role in its corporate and business plan to add shareholers' wealth. And that is the key reason we see substantial buy back by the Company and well known corporate personalities. By the way recent announcement also see the Company bringing up the fair values of its properties.. is to reflect the true worth of the Group. Normally such exercise will probably lead to more corporate news in future in relation to asset restructuring plans. We can see the support share price is 4.5 sen....and it true worth is at least 13 sen. There was recent significant impairment of operating assets and is a clear sign to clean and clear the operating base probably for new corporate plans. I personally believe .. it is the right time to start monitor this counter ... as Indonesia plans to relocate it's capital city from Jakarta to Kalimantan. All the best to shareholders of Bornoil.

Very exciting time... watch this counter from now on...

Most importantly YB Datuk Joseph Lee became an Executive Director...

It's time for Sabah to move onson significant projects after Pakatan winning ...

I mean many Bornoil employees .... exercised their ESOS earlier at 9 cents.

Have been waiting for very long ... for this to happen. . First we see change of secretary and the appointment of a new popular director called Datuk Joseph Lee Yok Min Ambrose. Then he becomes a substantial shareholder. Victoria Capital sold down... that means it's a new takeover in the forming. I am very sure more news will be out ... to be followed with more Sabah projects for Bornoil. It is a counter worth waiting for...remember my employees exercised their share options at 9 cents.. and it is time for their reward soon.

Sure enough the base of 8.5sen has been formed first half of the day. We look forward to the next base of 9 sen .... which enjoys what the employees enjoy.. the ESOS price of 9 sen. 9 sen is very cheap and is incentive for Bornoil employees.

Hi neuwook...it's Jackie again... your comments are still the best and genuine, For the goodness of Bornoil, it is best we remain courteous and talk on facts. I opine that forum members in this group should not curse and let's focus on what is about to happen and rewarding to all of us in the future. This should be our key objective.

My sincere observation on Bornoil is that the 2nd half of 2018 will be very exciting.

I was indeed very happy to see that 1 day prior to the final quarter results so many
ESOS were exercised at 9 sen even though the market were trading below 8 sen. Employees were willing to pay more than 10 % extra. Nobody will do that unless there is some excitement coming in the forth future. Funds locked up in ESOS is interest forgone for the employees.
To my surprise which I still could not comprehend .... was that very very substantial volume of ESOS was exercised again on the same day when the final quarterly loss result was announced. This I can imply that something quite exciting is about to surface in Bornoil in the current quarter.

Yesterday we could see that for the first time after so long, quite many shares were traded at 8.5 sen. Even today we can observe the same situation of price wanting to edge the 8.5 sen. Will be exciting to see if the near term breaks the 8.5sen to form the base and pushing up to 9 sen. If this scenario happens ... the sky is the limit.

My observation also tells me that once the blue chip operations (excluding gold mining) progress well the Group will likely change its compay name to be more reflective of its future corporate plans and growth. We must be aware that the name Bornoil has its past failures and bad feng shuI and it is the best interest of the Group to change its name. We hope this can also happen during the second half of 2018. When this happens means new successful plans and corporate culture.

I am confident on betting more on the successful profile of the major shareholders who are also shareholders of Hap Seng. They cannot fail otherwise it will affect the current stature of Hap Seng.. These people are not Cowboys and if they want to build another successful group it takes time and it means long term.

So the above is my humble comment and each day I am becoming more confident on Bornoil.

I am a good supporter of neuwook. I LIKE YOUR COMMENTS ESP ON THE CEMENT PLANT AND QUARRIES. I THINK THIS IS MORE IMPORTANT THAN GOLD MINING.

Continue ... Hence I am expecting very exciting day tomorrow for Bornoil. Besides the good quarter report probably there might be some other announcements. Best of luck to all. I am going to sleep well. THOSE WHO MISS BUYING, TOMORROW MORNING NOT TOO LATE.

I am so happy today to see employees exercising 49 million shares via
ESOS at 9 sen each just one day before its final result tomorrow. The timing is as such employees are running short of time to exercise ..to catch up with exciting corporate developments. More interesting is that employees are willing to throw good money of 9 sen when market is trading at 7.5 or 8 sen. Hence, I am e

Looks like now the quantity for sale at 9.5 sen is getting less and the next level will be at 10 sen again. Many people like buying at 9 .5 sen to throw out at 10 sen to make just 5 %. This in and out is orgasmic feeling...

Next qtr will aee high fair value gain on gold.... if it breaches USD1300 per oz. Very exciting.

Slip of the tongue on marbles the blue chip operation. Its better to keep silence on this.

The Board of Directors shd consider changing its company name in the next EGM or AGM to reflect their current business profile. By the way Borneo Oil was supposed to go into oil n gas but failed. It cannot continue this failed stigma to stay on. It is transforming and diversifying and the next issue is to change its name for branding. We leave this matter to their good hands.......By the gold price is close to usd1300 again.

It is interesting to note many employees exercising their share options at this time at 9 sen which is discounted over 9 sen n 10 sen. The price will be at this level for a while to allow max no of employees to exercise most of their share options. You will also note that the Company is using its good money surplus to buy back fm the market as well mostly at 10 sen. Once they hv bought enough they will probably cancel these shares as what they have done in the past. NTA is above 12 sen before valuing the assets. This allows the Company to gain the excess asset per share by the amount of fair value over its purchase price at 10 sen. So the share buy back n ESOS exercise at the same time is definitely a plus and I too like Hardminer believe there will be more positive corporate announcements in the near future which will push the shares back to above 15 sen. Good luck and I will buy more. Hardliner I love your positive comments on Bornoil. I trust the Sabah Tycoon.

My Prosperity God, gold is moving up every day and now USD1,260. Now with Trump's problem, gold will continue to rise on the back of softening USD. Good to go back to check the financial data of Born Oil gold inventory. Anybody know how many kilograms ??? Someone please convert oz to kilos and etc ....... = to Company's Wealth.

If gold runs up in the future I wont be surprised the Company will change its name to Borneo Gold !!! And gold means more money.

Gold USD1,245 and still up !!! More Good news for Born Oil