hide/low.. hahaha.. if u the owner.. ur company do a great profit... u want to hide and dont let other investor to invest ur company?? by controlling the market?? what a joke.. working under bornoil is it? .
people not complain if up or down.. its normal.. did u feel weird or not? gold up bornoil down/stay, oil up bornoil down/stay.. malaysia market always refer to us.. same like tech.. gold down bornoil down.. gold up born stay/drop.. sorry for my 2cent comment.. hahaha
In 2015-2016, gold price at usd1280, borneo oil has 18,860ounce of gold, their share is like hot cakes. This round with better gold price, more than usd2000, more gold found, 22,000 ounce. Share price fair worse than 2015. So if share price stay 0.06-0.065 for 30 days, better do an escape plan. Is not about gold anymore. Is about faith n credibility of this company.
I believe in their gold story since 2017. wonder why previuosly bornoil can do gold mining by itself but now have to collaborate with minetech. what happen to their previous gold mining activity?
Posted by neuwook > Jan 10, 2018 4:21 PM | Report Abuse
bchew, there will always have this kind of loser around. We just have to entertain them a bit and laugh about it at the end of the day. Bornoil has very high prospect and this year will have big progress on its 3 maiden projects...
(1) The Biofraction Vetrolysis Plant in Lahad Datu is expected to be completed in December 2017 and will commence test runs in late January 2018.
(2) The Heap Leaching Pilot Project will have its first trial run soon, after a delay of almost nine months due to metallurgy testing.
(3) An estimated 2.0 million tons of non-marble limestone have been produced through the extraction of marble blocks and the same is an ideal feedstock for lime-based products. Once the various processing plans are finalized and if agreed to be implemented by the Division, relevant announcements will be made
This director marketing skill so noob , gold are 2000 per ounce, why their director din take this oppurtinity to gain more investor to come in. Make ppl invest on the market and u can get more $$, to come in. And work in the PP at the same time. They got the advatange with higher price gold. Really dont understand.
I'm already out earlier this morning when I got the chance to do so at 0.06. Loss half a sen but that is nothing compared to my 10 sen paper profit so far at Turiya right now.
All the best to all BORNOIL holders. May you have stronger hearts than I do and may you be rewarded handsomely for it.
U guys need to study overall picture on details to understand this counter. They continue private placement to raise fund even they have hundreds of millions NET asset. FY report indicate NTA 0.13 Some1 is controlling the entire mechanism. PP continue to dilute and lower NTA. Only PP can earn profit as it issued at DISCOUNT.
batam, let's say if bornoil market price is 0.07, but 10% of private placement is issued at 0.043, immediately the value of current market price will reduce to 0.0675 per share..... NTA definitely will be diluted.
@Batam. Understand many investor of us easily manipulated. When new private placement take place, more units of shares created. Simple example is u have RM100 previously divided to 100people now have do divided to 110 people. So the average decreasing. Not to explain in detail on the PP discount.
Will188 - before PP company asset is RM100 and after PP asset increased to RM130. The company need cash to fund is expansion of course the new shareholders will get discounted price compare us coz they invested their cash into the company. I believe the gold story is real otherwise they will not do the announcements, just wait for another announcement when they able to monetised the gold and the other zones
@Batam.If u still not understand, ask ur remiser to explain. If found abuse lodge report. I explain final time. PP only raise few million to support project. NTA = Total Asset - Total Liabilities. Divided by total shares. Bro Batam, Few mil raise divided 5bil units is nothing! What is PP? Example, Market value is Rm1, PP just pay RM0.80 to own the shares. Its simple. Hope can help. If not need u ask ur remiser explain. Overall this is a good company.. But just some sharks/pool investor just controlling the game.
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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....
Woodswater
3,778 posts
Posted by Woodswater > 2020-08-19 09:38 | Report Abuse
aizaclunk you talk as if everyone else make loses. have your own trading plan, chill
Welcome to join here, tx