I would like to think that the company is obligated to put these subscription monies into some gainful activities that will benefit us all shareholders and MQ.
Announcement of Bornoil PP by McQuire Bank --------------------------------------------------------- 02-Feb-2021 1,500,000 units @RM0.034 03-Feb-2021 1,500,000 units @RM0.034 09-Feb-2021 1,500,000 units @RM0.034 11-Feb-2021 2,000,000 units @RM0.033 16-Feb-2021 3,500,000 units @RM0.033 19-Feb-2021 3,500,000 units @RM0.033 22-Feb-2021 50,000,000 units @RM0.034 24-Feb-2021 4,000,000 units @RM0.034 01-Mar-2021 2,000,000 units @RM0.035 03-Mar-2021 2,500,000 units @RM0.035 04-Mar-2021 3,000,000 units @RM0.034 05-Mar-2021 4,000,000 units @RM0.032 08-Mar-2021 8,000,000 units @RM0.032 10-Mar-2021 7,000,000 units @RM0.033 12-Mar-2021 18,000,000 units @RM0.033 16-Mar-2021 6,000,000 units @RM0.033 18-Mar-2021 90,000,000 units @RM0.033 19-Mar-2021 20,000,000 units @RM0.037 29-Mar-2021 2,000,000 units @RM0.036 30-Mar-2021 7,000,000 units @RM0.036 31-Mar-2021 4,000,000 units @RM0.036 05-Apr-2021 8,000,000 units @RM0.037 07-Apr-2021 8,000,000 units @RM0.037 08-Apr-2021 10,000,000 units @RM0.037 13-Apr-2021 30,000,000 units @RM0.040 20-Apr-2021 5,000,000 units @RM0.040 26-Apr-2021 5,000,000 units @RM0.038 27-Apr-2021 5,000,000 units @RM0.037 30-Apr-2021 5,000,000 units @RM0.037 04-May-2021 12,500,000 units @RM0.037 12-May-2021 4,000,000 units @RM0.035 17-May-2021 5,000,000 units @RM0.034 18-May-2021 5,000,000 units @RM0.035 21-May-2021 5,000,000 units @RM0.035 27-May-2021 6,000,000 units @RM0.033 02-June-2021 4,000,000 units @RM0.034 03-June-2021 67,000,000 units @RM0.034 08-June-2021 5,000,000 units @RM0.034 10-June-2021 5,000,000 units @RM0.034 14-June-2021 7,500,000 units @RM0.033 16-June-2021 10,000,000 units @RM0.032 22-June-2021 7,000,000 units @RM0.032 05-July-2021 7,000,000 units @RM0.030 06-July-2021 7,000,000 units @RM0.030 09-July-2021 270,000,000 units @RM0.029
TOTAL UNITS SUBSCRIBED (Up to 9 July 2021) = 743,500,000 UNITS
Outstanding balance of PP shared unsubscribe is 462,327,550 unit (Based on the maximum PP = 1,205,827,550 units.
Agree this is the best time to buy but need to hold 6 to 12 months. Company flushed with cash now. The last 2 subscriptions of 230m and 110m by Mcqurie itself already raised about RM10m cash !!!
Gold price moving to the right direction despite stalled for the last few days. Sustained above USD 1800. It's going to be crucial for gold to go above USD 1850 to begin a new rally. For bornoil, 1.2B subscription by Macquire would raised about rm36m if averaging 3 Sen per share. Minus off share buy back at higher price, minus off operating losses, how much left? Starting a mining would required massive start up cost. Machinery would cost a few million atleast. And machinery value depreciate fast. Share buy back is a good sign. Only if the company stop issuing new shares, and start showing profitable business model. Can anyone tell me what's going on with the new mining side? Are they operational yet?
I am fully invested in Borneo Oil. I strongly believe this is a good opportunity for those who would like to diversify into Sabah. Everyone lost faith in Sarawak companies. It is about time for Sabah companies to rise. Contrarian trade, need to wait a very looong time to see growth in this one however. Macquarie big investor and blocking the SP
Can you believe that this company is still trading below its book value despite already being a micro penny stock? Therefore, I am holding on my shares like it is my baby hahahaha
Can you believe that this company is still trading below its book value despite already being a micro penny stock? Therefore, I am holding on my shares like it is my baby hahahaha
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....
MrsLee
977 posts
Posted by MrsLee > 2021-07-06 22:38 | Report Abuse
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