It was another solid week for gold, which as expected continues to bank gains as the longer-term bullish trend gathers pace on towards the $2,000 per ounce level.
Don't worry. Borneo Oil will be something else in the future. Just be patient. It ain't some garbage company just some poor decisions by the BOD bullish in the very long term though
Quarterly report anytime soon btw now till month end. If this share going to move, it will depends on their quarterly report or they have some development news on their gold mines. Gold will go past USD1900 probably by tonight. But without real evidence that they found gold in their new mines, it would be useless.
Mining company sudah ada, Mining machinery sudah ada. Mining Lease sudah ada. But still no activities. Gold price go past USD 20,000 also no feeling for this counter.
Expect the latest QR to be good or at least no more surprise losses like before. Even if small profit, cash reserves should be strong given the cash proceeds received from ESOS and PP lately.
Gold hits four-month high following crypto crash Gold hits four-month high following crypto crash Gold Vaults Above $1,900 - now heading to $2,000 . First Time in 20 Weeks
No US economic data today. So will not up to usd2000. Inflation already started since last year. The 1st costing to be affected is the world logistics. The rest just follow. Somehow, the world still in denial in hope to protect the stock market. Shortage of chips would caused massive inflation in near term.
Like it OR Not .it's Proven that...?? the share price of BORNOIL & WC is closely related with The Price of GOLD see the chart of GOLD PRICE VS BORNOIL & WC The BornOil was highest @9.5 sen & WC 4.5 when the GOLD price was around USD 1980 on August 3 After all - BORNOIL is the cheapest GOLD counter what..
Hahaha. Nothing going to fly now. Tonight either fly you to the moon or fly you to Holland. Gold waiting for fresh news. Bornoil, will need massive news to start moving. MCO in Sarawak, just doesn't do them any good
Rugi tapi kedudukan tunainya semakin baik. Cash in hand mencapai 40 mil. Mungkin diperoleh dari ESOS dan PP. Sepatutnya duit tu secara cekap diguna untuk jayakan projek lombong emas atau lainnya.
The recent move above $1900 in gold shows that precious metals are likely entering a new bullish price phase. We highlighted this in a May 3 research article suggesting that a new advancing cycle phase may push gold to levels above $2100. If our research is correct, gold may continue to rally higher – reaching a peak sometime near mid-October 2021.
The total proceeds raised to date from Mcquire PP is approximately RM12.37 million. The status of the utilisation of the Proposed Subscription proceeds as at the date of this announcement is as follows: -
1. Business expansion and/or new investments
Proposed Utilisation RM20,000,000 Actual Utilisation RM500,000 Intended Timeframe for Utilisation Within 36 months from the receipt of placement funds
2. Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang ("Plant")
Proposed Utilisation RM10,000,000 Actual Utilisation RM2,722,000 Intended Timeframe for Utilisation Within 36 months from the receipt of placement funds
On 13 January 2021, the Company completed the Proposed Private Placement with the issuance of 633,405,775 Bornoil Shares and raised a total proceeds of RM23.98 million. The status of the utilisation of the Proposed Private Placement proceeds as at the date of this announcement is as follows: -
1 Upgrading of general infrastructure at limestone quarry operations site
Proposed Utilisation RM5 ,000,000 Actual Utilisation RM0.0 Intended Timeframe for Utilisation Within 24 months from the receipt of placement funds
singkalin Mining company sudah ada, Mining machinery sudah ada. Mining Lease sudah ada. But still no activities. Gold price go past USD 20,000 also no feeling for this counter. 25/05/2021 2:51 PM ----------------------------- Apa pun, sepatutnya Bornoil kena speedup gold mining operations. Begitu juga dengan uprading infra untuk limestone quarry...
Cash sudah ada, apa yang BOD tunggu.... SLEEPING WITH CASH MONEY???
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....
Sales
3,272 posts
Posted by Sales > 2021-05-24 21:04 | Report Abuse
Don't be greedy, you will die.