Posted by Cojack31 > 2020-07-02 19:45 | Report Abuse

If company got something good. More than that can fly. But the problem is. So far nothing .

Posted by Cojack31 > 2020-07-02 19:45 | Report Abuse

Nothing..nothing. but later/ future we dont know

Posted by singkalin > 2020-07-03 08:30 | Report Abuse

All the fuel Burnout

Posted by firewall9301 > 2020-07-03 11:15 | Report Abuse

Go go go Bornoil.

Posted by Cojack31 > 2020-07-03 21:00 | Report Abuse

Fly2 fly fly. No turning back.

Posted by Xoxking3 > 2020-07-04 10:11 | Report Abuse

Bornoil main income not gold, but it restsurant Sugar Bun, it business expend in Sarawak vwry fast, Great than KFC, monthly abt 6 miiliion revenue

Posted by Cojack31 > 2020-07-04 13:29 | Report Abuse

But. Shareholder still waiting bornoil fly.. fly2 lor.. dont be shy..10 cts...15cts...20 cts.. if restaurant cannot increase the share price. Do new biz glove./ healthcare. Sure will fly.

Posted by Cojack31 > 2020-07-04 13:30 | Report Abuse

Pls change the old mentality. Shy to ace counter. All fly like crazzy..u r still sleeping

Posted by Cojack31 > 2020-07-04 13:31 | Report Abuse

After private placement. Hope bornoil fly

Posted by Sales > 2020-07-04 14:59 | Report Abuse

We all bought the price is around 0.19sen and later they offer bonus issue. Tak boleh harap...

Posted by firewall9301 > 2020-07-04 21:27 | Report Abuse

How to turn back ? Bornoil retreated ever since....Doom...LCK ...Doom. look at HS. Do not hope. !

Posted by FarmbesFlyer > 2020-07-05 15:59 | Report Abuse

Buy low, sell high. If buy high, then too bad.

Posted by Cojack31 > 2020-07-05 22:29 | Report Abuse

So 3 cts still can buy a lot of space to fly.

Posted by quest > 2020-07-06 09:44 | Report Abuse

At 3sen when it goes up 1 sen, that is already 33% increase. Hypothetically all you can lose is 3 sen, but the upside of gaining 3 sen is looking more achieveable than losing all 3sen and your underwear. Those who bought high, buy some at lower price to average out and recoup some losses should the price goes up over time. No use of bitching on the past, learn from it.

Posted by Cojack31 > 2020-07-06 13:00 | Report Abuse

For me. Better just waiting. Other counter more interesting.

Posted by firewall9301 > 2020-07-06 17:52 | Report Abuse

Born Oil is Suicide purchase . TORA TORA. KAMIKAZE for small investors. No other penny stocks to speculate meh???? Directors getting fatter. Tks So Hai s.

Posted by FarmbesFlyer > 2020-07-06 23:52 | Report Abuse

Buy low sell high. This is best time to buy.

Posted by 12king12 > 2020-07-07 09:09 | Report Abuse

what news?

Posted by flee8 > 2020-07-07 10:50 | Report Abuse

@valgrovest, the propose private placement announcement was on 28 Feb 2020, but till now still no news of it approval by Bursa????

Posted by firewall9301 > 2020-07-07 11:07 | Report Abuse

Thats the problem of the MD of Bornoil....news on what s happening are blur blur??? Assume no takers?

Posted by firewall9301 > 2020-07-07 11:13 | Report Abuse

Trap innocent so hai ...BO traded at 4 sen today. Not cost effective to mine in Bkt Iban. Strong resistance from locals on the environment issues. Biofaction project still on drawingboard! Limestone....become tombstone. Buy low. Can sell from underground lo!!

Posted by flee8 > 2020-07-07 11:23 | Report Abuse

@firewall9301, that issue u mentioned has been haunting Bornoil since ?

Posted by 101st_airborne > 2020-07-07 11:35 | Report Abuse

i think there is something happening that we are not aware. This borneo oil is as good as buried but how come it suddenly comes alive?

Posted by losing_money > 2020-07-07 11:58 | Report Abuse

tidur tidur...zzzz. after bornoil wake up then it shows some magic

Posted by Cojack31 > 2020-07-07 14:03 | Report Abuse

Drop again 3.5. If fly to 8 cts. That time can go in again...hahahahaha

Posted by Cojack31 > 2020-07-07 14:04 | Report Abuse

Fly2. Dont u turnn again. 6 cts increased today .hope .closed 8 cts.

Posted by aarontan1987 > 2020-07-07 14:39 | Report Abuse

this stock a bit sohai. i also remember buying it last time cause say mine gold. mine Gold how can kena buried till so hard? i suspect they manipulate the stock kaw kaw

Posted by kakaman > 2020-07-07 14:48 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2019/07/18/malaysias-rm700-billion-trove-of-mineral-wealth/

Interesting data relating to Malaysia’s mineral reserves:


Tin 1.3 million tonnes @USD17,000-00/tonne / RM72,000-00/tonne
Bauxite 169.8 million tonnes @USD30 (RM128)/tonne
Copper: 5.85 million tonnes @USD5,646.00/M.ton USD4.86/Kg / RM24,000-00/tonne
Gold: 115 million tonnes @USD1700.00/oz / RM236,000/Kg / RM236/g ; Note: 1 oz=31.5g
Iron ore: 498.6 million tonnes @USD103.00/M.ton / RM440-00/tonne
Nickel 75 million tonnes; @USD12,503.00/M.ton / RM53,000-00/tonne
Manganese, 5.7 million tonnes @USD280.00/M.ton / RM1200-00/tonne

Err … *limestone: approx USD35**/RM150-00/tonne 


* Borneo Oil & Gas Corp Sdn Bhd acquired a 5.38ha quarry in Lahad Datu, Sabah, for RM47mil last year ..Monday, 20 Jan 2020 the Star newspaper”Borneo Oil Bhd has been engaged as the main limestone aggregates supplier to an integrated limestone processing plant..”  ** High quality Crushed limestone aggregate from Malaysia US$10.00 - US$20.00 / Ton | 5000 Ton/Tons (Min. Order) ~ Source: Alibaba.com

The proceeds of RM47 Million raised from proposed placement ..I am not entirely sure prices of limestone / granite in Sabah but presume it should be around the price of Bauxite. But Sabah, or for that matter Peninsular Malaysia still has many mineral resources that justifies for explorations/mineralisation. Say, dollar to dollar - I would rather spend same amount of time/effort/ monies to exploit potentialities in finding 1g of Au which may worth RM240-00/g, i.e. roughly equivalent to 2 metric tonnes (2,000,000g) of limestone.

Further, amid the chaotic state of excessive issuance of USD during the pandemic crises, I am equally certain gold may have greater potential to go higher but I have reservation over limestone prices can be comparable in its mid/long term outlook:

a. https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold
b. https://www.youtube.com/watch?v=pOpcu3ZZNPw
c. https://www.youtube.com/watch?v=wRksWPQRcq0

Conclusion: you may ignore what I said, as I have a strong sense the Company may also has something under their sleeves by witnessing its recent oscillating movement of trading volumes/prices. So, I have accumulated some, both mother & warrants hehe ....

Posted by aarontan1987 > 2020-07-07 15:28 | Report Abuse

u have to see who they sold the lime to. is the business main export or local. else how much also useless. this business used too much money to invest invest and invest. but nothing come out of it one

Posted by firewall9301 > 2020-07-07 15:57 | Report Abuse

MD gets high pays but up to now cannot deliver to the shareholders. Vote wisely next AGM on topic of Director renumerations?

Posted by Valgrovest > 2020-07-07 16:22 | Report Abuse

The ESOS already completed. Guess now they push up for the private placement which is currently pending SC's approval. After the private placement is done, guess the price should fly and timed rightly together with positive news on the new limestone plant.

Posted by aarontan1987 > 2020-07-07 16:24 | Report Abuse

ESOS already months new brother. i know this stock one. cause last time also kena trap and lost a bit here. this stock really know how to talk but dont know how to walk the talk. their investment really sing ka lan eat money from shareholder nia

Posted by Valgrovest > 2020-07-07 16:29 | Report Abuse

I mean revised ESOS...

Posted by Valgrovest > 2020-07-07 16:31 | Report Abuse

I think the current management team needs to be changed. Put in C K Lau people sure can fly....

Posted by aarontan1987 > 2020-07-07 17:39 | Report Abuse

yup i also mean revised esos. bornoil cakap only. look at their apa GOLD mining. halo gold mining now export to overseas is VERY lucrative business u know. niama i think this stock really is manipulation 200% kaw kaw

Posted by Cojack31 > 2020-07-07 17:40 | Report Abuse

I dont interested in stories anymore. Just need to c movement. Price up above 10 cts only. Hahahahaha

Posted by aarontan1987 > 2020-07-07 17:40 | Report Abuse

last time i also beh song them dy want to call SCM launch investigation to this pokai business. i think i will write an email later

Posted by Cojack31 > 2020-07-07 20:04 | Report Abuse

Today go 4 cts. Feel a bit hepi. And down again.. maybe nobody buy / support hahahaha

Posted by firewall9301 > 2020-07-07 20:24 | Report Abuse

What are the Bornoil MD n his Directors doing to grow the public shareholders investment. Mind you they get paid handsomely. ?

Posted by lbjtrader > 2020-07-07 23:01 | Report Abuse

buyer build ady... ask u to throw back share to them...haha

Posted by firewall9301 > 2020-07-08 05:25 | Report Abuse

The price of Gold is USD1,800 and going up slowly but surely behind the worsening Covid 19 pandemic. Bkt Iban gold mine is a total failure and write off. If not , at this price of Gold why the Directors are still playing tin cans in their office.The Australian miners have dislodged their shares in BornOil ??? What else is left ?? Except gold explorationS (second stage in 2018/19) are still ON GOING since 2015 or longer? With 5.34b Shares Issues and going forward more New Placemens n ESOS . Very clearly...at this juncture with the information available , BornOil sucks.

Posted by firewall9301 > 2020-07-08 05:33 | Report Abuse

Cojack31n other hopefuls....your BornOil wish may come true if tomorrow BornOil announces and confirms abundance Gold found in their gold explorations and mining started at Bkt Iban Good luck buddies!

Posted by 101st_airborne > 2020-07-08 08:25 | Report Abuse

I am still curious, Sarawak government is taking over the petroleum assets from PETRONAS. I wonder if Borneo oil is getting any project?

Posted by aarontan1987 > 2020-07-08 11:13 | Report Abuse

already email SCM oredi. wait la they launch investigation into this sohai company. only know how to invest and nothing comes out one. suck more than MLM seriously

Posted by aarontan1987 > 2020-07-08 11:15 | Report Abuse

firewall9301 true. what u said is when i started buying this because of their exploration. but then i see that time how come explore dy all losses one. seems like they use stock to MLM their operation. ini stock really want to get tibai from SCM dy

Posted by aarontan1987 > 2020-07-08 11:20 | Report Abuse

101st_airborne wont happen. u talk that one is large scale project. bornoil if u look at the past mana ada anything close to that large scale project? that mining gold one supposedly really profitable at this situation. 3 years old also will ask why still lost, and director still getting remunerated with handsome profits? i wait SCM tibai them kaw kaw

Posted by kakaman > 2020-07-08 14:59 | Report Abuse

I read a lot of anger in the forum. It is a funny B.OIL has implemented another round of ESOS again: as last ESOS, seen “eligible persons” had exercise 747,966,000 ESOS options @9 Sen and presumably they were old as its shares hit beyond 25sen briefly in 2015. Undeniably, “overwhelming response for its 2015 rights issue* has a lot to do with investors’ confidence towards Sabah diversified conglomerate, H.Seng Group during the last corporate exercise. But it h urts many.

* Note: 2.373 billion rights shares at an issue price of RM0.10 per rights share on the basis of 6 rights shares for every 1 existing B.Oil share held, together with up to 1.186 billion free Warrants C on basis of 1Warrant-C for every 2 rights shares subscribed, in total RM231.52 million was raised).

B.Oil share price has been traded for most part of 2019 between 4~5 sen, with year 2020 came down to low of 1 sen on mid-March, 2020 which almost wiping off 90% of its value from the right issue price. The circular I received stating the ESOS shall based on announcement of proposal @ RM0.0221, an average discount of 9.8% (previous ESOS was @9 Sen). So …

a. looks like shareholders who took up the earlier 9 Sen rights issue shall have a tough time recovering from their original 2015 investment as the enormous amount of 15% of total share capital ESOS options @2.2+ Sen ( (approx 765M?) as stated on page 7 Circular to shareholder) shall form a gigantic obstacle / trading barrier to the share price, along with another 745,374,758 new Bornoil Placement Shares @RM0.0221 that follow).

b. I am not sure what did the employees and/or eligible persons has done so far for the Company other than busy selling their 747,966,000 ESOS entitlements during last share run; neither financials of the company has conclusively shown any evidence to suggest they did a fantastic job - esp in handling fund raised during last share issue; so NOW I seriously DON’T see any justification by rewarding them with a second round of ESOS @ 78% discount from shareholders earlier subscription price of 9 Sen.

Note: proceeds raised from Right Issue = RM231.52 million (2015); cash & balances left with Group: (2018) RM16,041,656 from RM42,706,467 (2017) ; Company level: (2018) RM9,894,636 from RM31,199,437(2017) ; 2019: Group RM24,019,161 (improved); Company: RM2,325,844 (worsening). Source: Borneo Oil Berhad 2018 /2019 Annual Reports.

c. the newly proposed private placement in issuance of, in total, approx 745,374,758 + approx 765 million(?) new ESOS shares (approx 765M?). Looks like this is the ONLY GOOD news as there are enough CHEAP shares for a share run. BUT if SOLEY based on existing business of selling limestones, bread and buns and lacklustre performance of its much hyped gold mining business promoted during last rights issue, it can be real tough for existing investors to hope for real income to expect its business recovery.

Personally, I still like the gold mining B.Oil originally engaged back in 2015 but the Company lacked direct involvement in its earlier investment. Say, IF they have learnt from mistakes, begin owning a gold mining concession or has a mid-to long term mining leased / licencing, that may turn around investors’ perception for the stock based on prevailing precious metal price trend.

B.Oil share capital is SO HUGE (5.36B ?) and based on disappointing ways the Company was managed for last 5 years; so unless there is injection of really good existing business from HSCB or alternate good investment such as serious GOLD exploration (MUST come with MEANINGFUL SIZE of independent JORC certified minerals ore reserves) can only possibly see everyone has a chance to recover their investment. To me, limestone is also a kind of mining, only capital investment, knowhow, capability and a little luck separate between gold & the rock.

Well, there are many other precious rare earth minerals on earth, may be they can find other options, but IF the Company is solely based on selling Buns & limestones, you can literally announce THIS STOCK IS DEAD and remain its “PARIAH” status forever. However, as my entry cost is lower than both ESOS & Private Placement price, it’s still quite safe; so I shall still hold my faith for a year to access what can they do with things they didn’t do all these while.

Good luck & I go hibernating now Bye.

Posted by firewall9301 > 2020-07-08 17:06 | Report Abuse

Put it in simple terms and perspectives, Directors only take care of their own pockets. Mind you in early years BORNOIL traded in Gold options. Their kiddies experiences in gold tradings made huge losses. ( shares holders money). Some are not so lucky...bought at high price. How to play up when cronies get them at very very low price via ESOS n New Placements. Moreover it would be insane if the New Placement n SOS shares have NO embargo period. Look at price of HS today? Bonus likely in the pipeline?? BornOil...habuk pun tak ada!!

Posted by Cojack31 > 2020-07-08 17:40 | Report Abuse

Bornoil today huge volume. Hope tommorow will continue

Posted by Cojack31 > 2020-07-08 17:41 | Report Abuse

Hope this time ..goreng..goreng. sudah penat tunggu ooo