This year alone US has injected trillions of dollars for QE (Quantitative Easing). Strength of US dollar is weakening. US treasury bond is in negative yields. US Dollar the world's reserve currency can be printed infinitely until become devalued while gold is scarce, it is not easy to mine. Estimated total value of total gold value in the whole world (through thousands of years of digging) stands at 10 trillion dollars while the US Fed can pump trillion dollars in a heartbeat. To put into perspective, 10 trillion dollars gold in the WORLD in thousands of years vs 26 trillion dollars US debt ALONE. You tell me, now what you want to keep at home? Easily printed USD note or difficult to mine gold?
The gold price will continue to appreciate, no question.
To be clear Borngold does not need gold to fly any further for it to fly. Unless you want to hold to TP RM 1...same same glove theory la. last time US$1200 gold they die die do till die. Now US$2000 gold US$800 is clean profit
klcianalyzer Can golf still fly as looking at the gold price decreasing a bit last Friday? 09/08/2020 4:17 PM
Don't forget latest result show limestone finally churning profit. Even without this gold stuff this year Borngold is poised to go up as limestone finally start. They paid cash a couple hundreds millions to acquire the limestone mines and contracted it out with guaranteed returns. You can find these in the press. Returns delayed by late commencement. It is finally showing up after 2 years delay
So you have a company that have multiple limestone quarries starting to pay off, a lousy fast food franchise that is breaking even, and a gold mine agreement over 1200 hectares of which 400 hectares under exploration divided into 8 zones and of which they just announced Zone 1 has $170M worth of gold, Zone 2 high potential and so on
garylim19 this market this story you were lucky to have shares earlier and you dont fry what else you want. You sell coz you're scared it go down to 5c? Then just put FD la
the highest resistance/ tp i get is 0.3.. which still considering low in the market.. after that Limit Up is the resistance.. back 6 or 7 years there still resistance around 0.45 that for me it cannot be used anymore
Anyone know the recent Private placement holders can freely sell their shares or not? if so, they can get immediate gain, which might resist the uptrend.
Gold mine discovered in Pahang in 2016 and was made known in the paper. I believe private placement is for somebody influential and can help the gold business both excavation and development.State land is under the jurisdiction of state government , without the help from the authorities, it is not easy to move. I guess! Don’t you all think so?
Since 2018 bornoil max profit 0.08 eps or worst -0.01 eps, and most are 0.01 eps. Such weak earning company suddenly can hit rm1 means 10,000x earning increased for next qr. Possible kah?
Can’t even hit 30 cents yet , why talking about 50 cents or $1? The company having poor quarterly results for 2 years, should be not easy to go up to 30 cents in 1-2 week time ...
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....
str4der
118 posts
Posted by str4der > 2020-08-09 14:04 | Report Abuse
This year alone US has injected trillions of dollars for QE (Quantitative Easing). Strength of US dollar is weakening. US treasury bond is in negative yields. US Dollar the world's reserve currency can be printed infinitely until become devalued while gold is scarce, it is not easy to mine. Estimated total value of total gold value in the whole world (through thousands of years of digging) stands at 10 trillion dollars while the US Fed can pump trillion dollars in a heartbeat. To put into perspective, 10 trillion dollars gold in the WORLD in thousands of years vs 26 trillion dollars US debt ALONE. You tell me, now what you want to keep at home? Easily printed USD note or difficult to mine gold?
The gold price will continue to appreciate, no question.