Last Friday I bought some warrant C at half sen to keep for long terms. Maturity is 2025 i.e. another 5 years, so downside risk is limited. When their limestone business pick up, I believe the mother share will go up, so will the warrants.
Bornoil has been in gold mining for quite some years. Now gold price escalating to high level, if there are good news on gold mines new discovery, I believe share price will shoot up like nobody business
Just read the Jun 2019 financial report, “on a positive note, the division’s exploration team had yielded encouraging results on the gold exploration conducted at Bukit Ibam, Pahang with inferred reserves of 1.8 metric tonnes of gold. Initial findings covering an area of about 1.98 hectares out of a total of 187 hectares in the tenement showed that the indicated gold grade is about 1.08 grams of gold per metric ton with a total probable gold reserves of about 550 kilograms. The Management is evaluating all options available for optimal production arrangements to extract the gold ores which will contribute positively to the Group in the foreseeable future.
It is almost a year now fr the above June 2019 report. With the gold price shooting up fr US 1200 to US 1700 and more in view of the current financial crisis , I believe it is more viable and profitable now for the management to speed up the exploration. Soon Bornoil will be another market star!
If you know this counter for long, you will know once good news announce, it will shot up like nobody business. Take note now, It begins to build momentum, Strong buying @2.5 sen.
Maybe Hap Seng is only a major shareholder and not yet involved in the management. About time for Hap Seng to be in the driver seat now as the old management seems not doing anything to improve shareholder value !
Bornoil involves in fast foods, property development, gold mining etc. Projects in progress such as limestone quarry operation, managing third party integrated lime stone processing plant, and installation of the cement clinker plant,advance technology on gold extraction. Good cash reserve, current price much below NTA. Moreover, reliable market taiko Hap Seng and business tycoon Tan Sri Lau are the main shareholders, I strongly believe something big is coming. They are big players keep accumulating now!
So management bornoil pls do something positive. .find other company can jv. Maybe limestone can export to china like ageson...so got chance to fly ...
Not sure what is the management doing. Yesterday (13/5/20) announced shares buy back from 6/3/20 to 9/3/20 at 3.5 sen to 4.0 sen. Wonder what is the management trying to tell us or something big coming. Hope they can provide more info.....
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....
Sales
3,272 posts
Posted by Sales > 2020-04-03 22:57 | Report Abuse
Tak boleh harap....