Posted by Moneyfind44 > 2020-11-15 20:58 | Report Abuse

Bornoil i look small small eat at 0.05 & then make q support at 0.045 & another que at 0.04...
May be will meet again 0.09.
Hopefully can cross NTA this time.
Long HOLD

Posted by MZM2511 > 2020-11-15 21:14 | Report Abuse

UncleFollower There is another 400M ESOS 0.0434 and placement 0.0536
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The 400 mil @ 43.4 sen allotted on 7 August 2020 is the second tranche of the New ESOS.
It has been completed before the third tranche of ESOS can be granted.

Posted by MZM2511 > 2020-11-15 21:44 | Report Abuse

@Moneyfind44. In my opinion, In this situation where so many (almost hundred or hundreds millions) PP or ESOS shares was listed and to be listed, it's hard for the operator to push the share price higher because the price/cost of PP or ESOS share holders are cheaper.

The NOSH of the company is 6 bil + and share spread in Bornoil is big. What can be done by operators/sharks (if there is any) is only to influence the market so that they can accumulate more shares at cheaper price for the next push up when the situation is more conducive for them to GORENG.

As for the company, to make sure the share price not down as per their target, the company will execute share buy back.

@@@My 2 cents opinion only.

Posted by justin1njp > 2020-11-15 23:09 | Report Abuse

Share fly after pp n esos complete.
Consolidate like vivocom.
Ceo. Top shareholder say 3 years no sell share.
Bornoil 1.5 later like vivocom.

Posted by Huntsman > 2020-11-16 01:05 | Report Abuse

When it's cosolidate?

Posted by justin1njp > 2020-11-16 06:59 | Report Abuse

Like vivocom 10 share merge to 1 share.
So price from 5.5sen become 55sen.
Then rally start. Triple kill. 300% increase.
Their target is 600% increase.

Posted by Investor787 > 2020-11-16 10:51 | Report Abuse

Just wait for cosolidation , otherwise forget about price increase, too heavy bro. Cannot blame bornoil , pity Bornoil.

Posted by 651158 > 2020-11-16 11:27 | Report Abuse

don't wait the consolidation just stand to buy lo , hit the price lo

Posted by 651158 > 2020-11-16 11:29 | Report Abuse

if ten person hit all follower to hit

Posted by 651158 > 2020-11-16 11:40 | Report Abuse

don't wait end the year qr out see the result good just buy already to late

Posted by PARKER > 2020-11-16 12:41 | Report Abuse

Coming d . But my before too late when we release.

Posted by UncleFollower > 2020-11-16 14:56 | Report Abuse

What you saying, not even a single share issued yet 0.0434 under ESOS tranche 2

MZM2511 UncleFollower There is another 400M ESOS 0.0434 and placement 0.0536
-----------------------------------------------------------------------------
The 400 mil @ 43.4 sen allotted on 7 August 2020 is the second tranche of the New ESOS.
It has been completed before the third tranche of ESOS can be granted.

Posted by UncleFollower > 2020-11-16 14:57 | Report Abuse

Yes, this is one that has no restriction whatsoever and can be sold immediately upon listing

MZM2511 The last issue of ESOS shares amounted 115 mil @ 3.68 sen on 9 Nov also can influence the demand and supply of the coy's shares in the market.
It is allowable for the shares to be sell off in the market instantly or has to wait for certain period before its can be sell??

Posted by lehubeng > 2020-11-16 14:57 | Report Abuse

flying soon.....

Posted by UncleFollower > 2020-11-16 14:57 | Report Abuse

Balance 119M shares placement issuable at 0.0536. They have managed to issue 45M out of the approved 164M only

Posted by UncleFollower > 2020-11-16 14:58 | Report Abuse

If you look at Vivocom or even AT, see how far the share ran after placement...

Posted by UncleFollower > 2020-11-16 14:58 | Report Abuse

Having that said, sold Vivocom share ran another 20-30%, buy Bornoil - unchanged and probably going to be the same for some time lolllllllll

Posted by UncleFollower > 2020-11-16 14:59 | Report Abuse

BUT we should be patient. The cement clinker plant and limestone have been many years in the making. Recall how they spent hundreds of millions CASH (raised from us) to buy the limestone mines

Posted by UncleFollower > 2020-11-16 15:00 | Report Abuse

Then they blamed it on logistics and some unknown reasons for delay. 2 quarters back it started showing profits. If this takes off together with a firm Gold price, Bornoil really isn't that penny. Bolehlah

Posted by UncleFollower > 2020-11-16 15:00 | Report Abuse

Most penny stock counters actually have no loans. That used to be the cash for Bornoil. Probably because they have a hard time convincing Banks

Posted by UncleFollower > 2020-11-16 15:01 | Report Abuse

Recently Bornoil has raised 50M + 30M loans (double check yourself I am typing form memory only) which is pretty good. Finally at least the banks vet them and believe them

Posted by UncleFollower > 2020-11-16 15:01 | Report Abuse

Shafie lost is a negative. Joseph Ambrose is Shafie's bro

Posted by UncleFollower > 2020-11-16 15:01 | Report Abuse

But don't need politics, we just need stones and gold...

Posted by UncleFollower > 2020-11-16 15:03 | Report Abuse

Sugar Bun...most of us in West M have no experience with it. For the few of us who tried to find them because of this counter, we only notice them opening and closing...HOWEVER looking at BJFood MRDIY and the retailers valuations...if they can ramp up turnover and self-sustain it, there should still be good valuations

Posted by UncleFollower > 2020-11-16 15:03 | Report Abuse

Chicken rice shop was easily >100M so here we have Sugar Bun with more outlets but just failing to enter the West M space

Posted by UncleFollower > 2020-11-16 15:04 | Report Abuse

Anyway I have now flipped from a winner in Vivo to a loser in Bornoil hoping for the best (probably a mistake lollllllllllll)

Posted by UncleFollower > 2020-11-16 15:06 | Report Abuse

MZM2511, the number of ESOS shares issuable has already exceeded what was approved. I don't understand why nor does Bursa make it easy. 0.0434 was announced, not listed and not cancelled

Posted by UncleFollower > 2020-11-16 15:06 | Report Abuse

ESOS is capped at 15% and placement 10%

Posted by UncleFollower > 2020-11-16 15:06 | Report Abuse

The way they are issuing ESOS, it looks like they have an additional 15% arising from the 10% placement

Posted by UncleFollower > 2020-11-16 15:07 | Report Abuse

Counting from the recent new round, 665M ESOS shares and 626M placement shares have been listed

Posted by UncleFollower > 2020-11-16 15:07 | Report Abuse

It's actually not all bad. This also means that $44M has entered into the coffers of Bornoil. ESOS or placement still requires real money going into the company to increase the NOSH

Posted by UncleFollower > 2020-11-16 15:08 | Report Abuse

Next result may not show all given cut-off date, but by the quarter after next we should see a lot of cash in the company's books. With that amount of cash + the bank loans, even if you buy REITs you get a decent return. Unless Bornoil is siphoning the $ away, they should be meaningful returns compared to its former self

Posted by UncleFollower > 2020-11-16 15:09 | Report Abuse

So we just wait wait wait for them to build up the good news and sekali goreng la

Posted by Investor787 > 2020-11-16 15:12 | Report Abuse

Welcome to Bornoil wait and hope

Posted by MZM2511 > 2020-11-16 15:19 | Report Abuse

@Uncle follower. I am not sure. But after the proposal of the ESOS, they also listed the shares from PP. Maybe this will be counted as the total shares outstanding at the time of determining the 15% of ESOS. My calculation only based on their announcement dated 22 May 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052350

Posted by MZM2511 > 2020-11-16 15:28 | Report Abuse

UncleFollower Balance 119M shares placement issuable at 0.0536. They have managed to issue 45M out of the approved 164M only
____________________________________________

They have restriction in approving the PP, they set the time for listing. Whether the time was expired or the PP buyer are not wiling to subscribe the PP caused by certain situation in the company such as the listing price is not so attractive and maybe other reasons.

Posted by wallstreetrookie > 2020-11-16 15:28 | Report Abuse

Anyone here top 20 shareholder?

Posted by wallstreetrookie > 2020-11-16 15:30 | Report Abuse

Maybe the directors forgot about their own company share hahaha.

Posted by wallstreetrookie > 2020-11-16 15:35 | Report Abuse

Never mind la. Money put here better than gambling at Genting

Posted by wallstreetrookie > 2020-11-16 15:35 | Report Abuse

Cheer up don’t be sad

Posted by wallstreetrookie > 2020-11-16 15:36 | Report Abuse

I know everyone here is sad because this counter has been trading flat for years. We can do it. Patience

Posted by lehubeng > 2020-11-16 15:46 | Report Abuse

bornoil wc 0.02 only.... buy buy....

Posted by firewall9301 > 2020-11-16 18:37 | Report Abuse

Company maybe cash rich so WHAT as long as Dividend is not declared , shareholders habuk aka ashes pun tak ada but Directors get handsome Remunerations and benefits??

Posted by Zolan2020 > 2020-11-16 20:15 | Report Abuse

as expected. 5 sen though to break.... still waiting to break above

Posted by Cojack31 > 2020-11-16 20:23 | Report Abuse

firewall9301@ agree with u.

Posted by Cojack31 > 2020-11-16 20:24 | Report Abuse

That y no support from big retailer

Posted by 7036hisap_darah > 2020-11-16 21:22 | Report Abuse

ya why this company dont give dividend....

Posted by 651158 > 2020-11-16 22:32 | Report Abuse

wait until now 1 sen divide also don't have

Posted by 651158 > 2020-11-16 22:34 | Report Abuse

we support bornoil ,bornoil don't support we

Posted by wallstreetrookie > 2020-11-16 22:35 | Report Abuse

Market green. Penny garbage stocks also green. Bornoil still red.