Analyst says. gold hit above usd3k now bornoil is so cheap once gold start fly and they start to dig the gunung emas than it won't be penny stock anymore
park some shares here and dont worry. It is literally too low to cut loss. Once they have nothing to goreng, they will come here. Be patient. You should know the risk already before buying penny stocks
fly or no fly... don't really now... long queue 0.45-0.55. Still have big players... just don't know why it stucks... possbily due to the large nosh...
The operator totatally mental u all....later once it touch 11 sen,many from this forum will left the stock..then it move to 17 sen then it keep move higher but u all cut win at 11 sen..seriously this is mental game..hahaha
U think mgmt Stupid ? Now holding at 6c if keep going down they will announce other Zones found gold ....... at least strong support ..... 6c before long weekend I’m happy enough. Just hold . Those that cut loss will regret
Latest qtr results announced today show increase of 340% q-o-q. Was expecting them to show losses but turned out profit despite MCO. I think next week the sharks will goreng this counter up.
The revenue decrease compare to before. Did they get less project or cut down some business? Anyway still got profit is good enough compare to other company
The Group posted a lower revenue of RM3.56 million which was primarily due to the restricted and prohibited business activities during the MCO which was further extended to 12 May 2020 for both states of Sarawak and Sabah. The weak market sentiment also further curtailed consumers spending at our F&B outlets.
However, the Group reported a profit before taxation of RM3.29 million against the reduction in revenue mainly due to the revaluation that was conducted on a property previously held under properties, plant and equipment that was reclassified to Investment Properties in accordance to MFRS 140. The revaluation resulted in a fair value gain of RM2.98 million.
Just property re-valuation causing the falsify view only...
Limestone segment showing very high margins and stability after all these years of waiting...
The Resources & Sustainable Energy (“RSE”) reported a revenue of RM3.40 million with a corresponding profit before tax of RM2.02 million for the current quarter was mainly contributed from the sale of limestone. The loss before tax of RM72.94 million for the corresponding quarter was primarily due to the impairment of assets and expenditure relating to the mining division.
The spread of the COVID-19 pandemic took the world by surprise and Malaysia’s Gross Domestic Product (GDP) contracted by 17.1% in the second quarter of 2020. While the full economic impact of the COVID-19 pandemic is still unfolding, the scale and duration of which remain uncertain, coupled with the volatile stocks markets have resulted in investors flocking to gold as a safe haven asset and pushing gold prices to a record-breaking run reaching an all-time high of above USD2,000 per ounce.
Subsequent to our announcement on an Independent Reserves Assessment under the Australasian Code on Reporting of Exploration Results - Mineral Resources and Ore Reserves (JORC Report) on the Bukit Ibam Gold Prospect at Mukim Keratong, a Memorandum of Understanding ("MOU") was signed with Minetech Construction Sdn Bhd on 10 August 2020 and 13 August 2020 respectively. The proposed joint collaboration between the parties will reduce the Group’s capital outlay required for the gold mining works and free the Group’s resources to continue with the gold exploration works on other Zones. The Board will continue to exploit the Group’s assets to take advantage of the soaring gold prices.
Amidst these external headwinds, the Board will remain cautious and focus on drawing on our advantages through effective collaboration with external parties to enhance our ability to face the challenges ahead.
Don't think gold price has any more effect within this range. We do know at $1900+ it's going to be profitable for Bornoil even if it's mine is just a 0.27/gt mine.
But should gold shoot up, Bornoil will run. $2300, $2500...we shall see
Downside is limited. Truly Bornoil has yet to dig out the gold, but it is a good proxy considering the downside/ upside risk. Market is intelligent. This is not goreng je. There are merits in Bornoil's current price despite looking as if it is a goreng only stock
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....
Moneyfind44
411 posts
Posted by Moneyfind44 > 2020-08-28 12:09 | Report Abuse
0.06 seller now at 500k lot..aiya