0.0221 sen indicative Placement price of Bornoil New shares. ? If no Holding Peroid clause.!! Put money take money. Unless investors see potential in the Company??
QR or annual reports doggy...for example what happened to the Gold Stock, ( mined previously) if any. The monthly gold production reporting just stopped suddenly. No clear updates on the Gold explorations at Bkt Inbam since 2015? In short, what happened to the Gold mining??
The gold market is “very strong and could hit $3,500 in two years,” according to Barry Dawes of Martin Place Securities. Garth Bregman of BNP Paribas Wealth Management said he doesn’t see “any catalyst” for gold to stop its rise in the short term, though there could be some consolidation around $2,000. Long-term low interest rates and a tight gold market are factors that could continue to drive the rally in the precious metal.
See today announcement - private placement of 329mil shares at 3.2 sen completed. This means the company has just received cash proceeds of RM10.528m, more than sufficient for them to commission the new limestone plant. The ESOS was completed earlier and they would have received some cash proceeds too. I personally think the share prices will move up from now onwards. Correct me if I am wrong.
Interesting. Current political environment may able to push up for political funds? May be is fun instead. So many good and loyal leaders can't wait to serve rakyat. We are truly blessed. TP 0.20 by 2050.
Firewall9301: I fully agreed with most of your views & understand your anger / frustrations BUT there are two points must be considered.
a. someone already has a hand on the private placement shares which could be amounting to 700+ million as well as ESOS (even at 15% for first year from 700+million is approx 110 million shares (-27m just exercised = approx 95 million ) If you are in the opinion, the Company is not serious to go for mining for good, even for a speculative share play, for the whoever to distribute 800 million shares you need to have a good story line plus a good, fierce run for its share price(s). Your advice is definitely good when it approaches upper price limit but not at this lower end of the price scale; in fact - you should even consider accumulate some mother shares to hit them at high so while you unleash your anger, you make sure they also pay you handsomely while you slap at their faces. hehe..
b. ASSUMING B.OIL uses the glittering previous metal as bridging (I have some basis for this guess, they recently announced acquisition of a newco (but ... seemingly like a waste H20 project management company?), but real run for gold shall begin end of this or most likely, NEXT YEAR. Source of the problems is heavily inflated USD issued during the pandemic, here are some other opinions:
Tks Kakaman, yr styles and mannerisms of writing appear familiar with an old contributor to this BornOil column many years ago. As usual, He Highlighted all the growth catalysts of BornOil and of course they did not turn out well which led to the deterioration of the share prices of BornOil. Notwithstanding all these, many minority Bornoil shareholders hopes Bornoil would turn around for the betterment for everyone especially those got their live savings invested in Bornoil for many years without any headwins. Selamat Hari Haji.
Wondering the private placsment price is at 3.16 cents and not 3.7 cents? Any idea?
From previous announcement. *On behalf of the Board, UOB Kay Hian wishes to announce that the Board had on 28 July 2020 resolved to fix the issue price for the Private Placement at RM0.0373 per Placement Share*
kakaman u dont sohai can???? let me ask u this question. can u answer me truthfully how much THIS COMPANY OWN RESERVE IN GOLD ACTUALLY NOW??? i know what i buy before one and this sohai company make a lot of lan pa pa lan decision before thats why kena game hahahahahaha luckily that time i out dy or else u guys see sure kena trap here hahahahaha their gold reserve if u guys dont know how much still want to trade??? really kam gong want to go die hahahahaha let gor gor teach u something har
read their annual report here
>>> 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.
write so MUCH BS and never say they hold how much in pocket. really lan pa pa lan number 1 hahahahaha. inferred reserve is that gold place punya geology measurement and that gold grade not indicating their OWN reserve. diao they really like to putar belit the statement to fk kaw u guys hahahahahaha
>>> Total production of gold for the current financial period ended 30 June 2018 was 40.53kg as compared to 40.47kg in the preceding year. The proportionate decline in production this year was attributed to delay in commencing the heap leach operations at Bukit Ibam due to metallurgy studies. Mine mitigation and rectification works carried out at Merapoh Mine also affected the mining operations.
ini 2018 punya statement. see how clear???? hahahahaha that 2019 report kasi bullshit u nia la hahahahahaha. i nothing to do come help some of u guys got reading comprehension one wake up call hahahahaha
oi 40.53kg equal how much??? 10 million+ range nia enough survive ka??? hahahahahahahaha diao this borneo oil really MLM kaki number 1 hahahahahaha
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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....
duragonn
355 posts
Posted by duragonn > 2020-07-28 20:05 | Report Abuse
I check their announcement at 15/7, the same announcement, thats when price move. Tomorrow might be the same?