June 2018 2.35kg gold production. July 2.282 kg Gold production. Maybe this is the reason Victoria Capital is slowly but surely exiting their investments in BO. You??)
All the core businesses of the Group have great potentials and almost all of them require very long term outlook, planning and capital. We hope that we will not, dear Shareholders, disappoint you, and in return we will continue to appreciate your support, understanding and encouragements.
"une 2018 2.35kg gold production. July 2.282 kg Gold production. Maybe this is the reason Victoria Capital is slowly but surely exiting their investments in BO. You??)"...It is not the absolute producution, more important is the yield per ton of dirt....Maybe 4gms may be enough to breakeven, but now is more like 1.5gms....
We also have to be aware of the yield will differs as the mining goes deeper. If you have the survey report, the yield info should be there....
this BO headache le. 1.) based on Gold production record, i dont think their heap latching technology already take place... or maybe they just cakap cakap since drag too long...
2.) company also never official announce their existing land bank of limestone reserves for wat purpose , also drag too long
firewall9301 Bruce.....we noted all the SAID catalysts in BO require time to be matured and not any time soon. But as days go by...they are no "real" evidences to support these, like what Jusloh mentioned. Hope the opportunity cost and our gut feeling in BO n HapSeng (LCK) group are not daydreams. Huat eh! Huat eh! ONG eh ! ONG eh! Cheers
Bruce, come on ! sorry to wake you from yr sweet sweet dreams on BO, yr statement maybe extracted from the Director annual report. No florists would said their flowers are not fragrance! Take their baits now and be a zohai fish!!
actually BO really perform badly for this financial result.
This round BO profit mainly contributed by the gain arising from its disposal of Jusra Mining Merapoh Sdn Bhd of RM5.12 million (27 June)... others sector profit around RM1.5 million.
as stated in the report - BO sold 435,000 MT of limestones ? wat is the selling price ? any idea, i am not good in accounting
firewall9301, u r right that statement i copy from director annual report, i respect your opinion, but my current status remain hold...tomorrow up up up...bornoil... :-D :-D :-D
As pointed out in the preceding quarter, the Heap Leaching gold mining, commissioning of Bio-Fraction Vetrolysis plant and the Limestones operations progressed satisfactory as planned. With these and other existing ongoing activities, the Board is confident that the overall operations would contribute positive results to the Group.
Whatever....some counters making losses also giving Dividends n prices of its shares also could record gains.....BO just move at least to its ESOS price or better??? As least the staff are motivated to serve BO with inspiration of share of BO " tomorrow up, up, up" cheers
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jordanmaggie61
1,894 posts
Posted by jordanmaggie61 > 2018-08-27 15:35 | Report Abuse
Waiting for dividen soon. This time can cover back some capital loss. Not bad.