..... (ii) an issuance of up to 146,000,000 new ordinary shares in NICE (“NICE Shares” or “Shares”) representing approximately 20% of NICE’s issued shares to Macquarie Bank Ltd and Heah Kwai Keng (“Proposed Shares Issuance”); and
Rather than investing in Bornoil which has involvement in GOLD MINING operations, McQuairie Bank also in the process to acquire shares in Nice Capital Emas Berhad which also involves in GOLD MINING operations,
Gold price must go up more drastically before we see movement in this counter. It's all about patient. more than 7B shares issued, and revenue fall to less than 100m annually, it's need a big boost in their revenue before it start to go up. Got to wait for next quarterly report. Bornoil or Nice, both going through the same thing.
The risk that I m talking about is the fall in gold price. A collapsed in US market, won't guarantee a jump in gold price too. Check out the few past trading
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Again. For those with holding power, may hold till next quarterly report and hope they have lots of gold in inventory. That would be near end of the month. Or gold got to go USD1900 to see movement in the shares. When they move, don't expect limit up ya. That would value the company at rm2B. That would be impossible. Probably see a movement of 1 to 2sens. Be realistic. 7B shares for a company with less than rm100m revenue a year.
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Bornoil (7036) Has More Lucrative Gold Mining Lease Author: MZM2511 | Publish date: Tue, 18 May 2021, 1:15 AM
Gold prices having soared again to above USD 1850 this week. Gold futures headed higher adding to their climb to the highest level in more than three months as stocks in many parts of the world traded lower and trading stretch marked by rising concerns about inflation. The analyst’s next upside target for bullion is to produce a close above solid resistance at $1,881. Bornoil (7036) currently involves in gold mining operations and the latest filing news showed that the company acquired additional mining lease therefore the rising price of gold will give Bornoil even brighter prospects.
gold bullish... hope macquarie, BOD and cronies do not press bornoil price down to benefit themselves....cannot stop thinking BOD and macquarie have hidden deal... otherwise, NTA 11 cents, esos 0.0328, limestone, gold mining, why still want to issue private placement share to macquarie at low price? when all gold counter up, only bornoil stay stagnant... doubt any retailers will sell bornoil at 0.035 at the moment...Nice up because have not signed deal with macquarie.... bornoil difficult to up because pp subscription only in early stage...
---- the BornOil group will operate a combined mining area of 1,374.26 acres, while continue exploratory works on the remaining 2,069 acres of the mining area. ----- the company would be able to leverage its mining expertise due to present domain knowledge, while also saving on deployment of equipment and machinery.
------ BornOil told the stock exchange that the group intends to proceed with excavation and mining on the 1st Zone of Bukit Ibam in Pahang, where it is believed to contain total resources of 22,200 oz / 621,917 gm of gold in 1.66 million metric tons of ore with an average grade of 0.42 g/t.
Maybe when this counter goes up, I might become GrandFather alrdy. I like the guy above me of being so positive despite he is giving himself fake hope. Anyway, keep positive, we need this kind of person in every counter to keep ourselves optimistic.
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....
justin1njp
270 posts
Posted by justin1njp > 2021-05-15 23:03 | Report Abuse
Macbank spent rm 10 million on pp already. 25% done.