Posted by BE_GREEEEEDY > 2021-10-08 14:25 | Report Abuse

huartt arrr....comingg 4 sen , 5 sen

Posted by gghaha > 2021-10-08 14:48 | Report Abuse

how to pass 3 also an big issue for them....:)

Posted by BE_GREEEEEDY > 2021-10-08 20:20 | Report Abuse

Date of Change Type Number of Shares Price
08-Oct-2021 Acquired 2,000,000 0.050
Registered Name DATUK JOSEPH LEE YOK MIN @ AMBROSE
Great @ 5 sen...

Posted by MZM2511 > 2021-10-08 20:42 | Report Abuse

Buy direct in market @ 3 sen. But from Victoria @ 5 sen. Maybe off market.

Posted by BE_GREEEEEDY > 2021-10-08 21:37 | Report Abuse

good / promising signal $ ahead

Posted by UncleFollower > 2021-10-08 21:49 | Report Abuse

To think that 3s to 5s is a full 66.66666666666666666666666 higher. Weirdest counter ever. Are we going to make that 66.6666666666666666666666666666666666666666666666666666666% soon?

Posted by mhanaS > 2021-10-09 00:34 | Report Abuse

We shareholders need to be a bit patient as operators would try influence the share price. Personally I will no longer GTD for 2½sen. Instead I will queue at 2sen and pounce at 2½sen only if it is on the sell queue. No bank will fleece me of my hard-earned money. Let them drown with their subscription!

Posted by BE_GREEEEEDY > 2021-10-09 09:24 | Report Abuse

Can't be overly afraid in stock trading = Wasting time !
Next ? 4 -5 sen

Posted by Valgrovest > 2021-10-09 09:32 | Report Abuse

Interestingly we should watch the move by Datuk Ambrose Lee. He started to accumulate slowly almost everyday since 01Sep21. I guess he has some plan or he knows something big is coming. He acquired slowly and in small amount in order not to attract attention or cause a spike in the share price. I believe he thinks 3 sen is a very very damn good price to acquire. Lets continue to watch him closely.

Posted by Valgrovest > 2021-10-09 10:12 | Report Abuse

Hi guys, I like to share some thoughts after spending a bit of time reading and trying to understand better on their PP with Mcquarie Bank (MB). MB have clearly stated in the PP Agreement that they do not intend to become major shareholder nor do they wish to participate in the management of the company. That explains why after acquiring about 3/4 of the 1.2bil shares (20% of Bornoil Capital), they never made any announcement on "Major Shareholder of 5 % or more). Their strategy is to acquire in batches (of course at a discount of up to 10%), quickly sell them and take the profit and use the proceeds to acquire the next batch. It went on and on. They are happy because they made some profit and Bornoil is happy in raising the funds required for their objectives (expansion, new business, working capital, etc). There is a "Floor Price" of 2.5sen set in the PP Agreement - so the PP price cannot be lower that 2.5 sen. Hence it is unlikely that the share price will go below 2.5sen as it will not benefit MB or Bornoil. The PP Agreement is for 1 year - so it will end by end JAN22 (another 4 months to go).

Hope you will find the above information useful and do share your thought for the benefit of everyone. We are here to invest and hope to make some money. I think by Feb2022 the share price should slowly go up and that could be the reason why you see Datuk Ambrose Lee buying gradually in advance. Maybe we should reconsider our strategy and buy slowly when the price is low - says 3 sen or if lucky 2.5 sen. Maybe after Feb2022, it wont be at this price anymore.

Posted by TheContrarian > 2021-10-09 10:41 | Report Abuse

Macquarie Bank has been subscribing to the private placement on behalf of their clients not for itself.

Posted by BE_GREEEEEDY > 2021-10-09 13:59 | Report Abuse

Date of Change Type Number of Shares Price
08-Oct-2021 Acquired 2,000,000 0.050
Registered Name DATUK JOSEPH LEE YOK MIN @ AMBROSE
Great @ 5 sen...

see BOD sapu @ bought - wallap at 5 sen
Exciting time ahead.....Very under value Now
immediate TP BornOil 5 SEN , WC 2.5 sen WD 3 SEN

Posted by UncleFollower > 2021-10-09 15:09 | Report Abuse

@Valgrovest

Yes I think you are right

Further another possibility of the 20% MQ placement is for control, using MQ as a shield. I think it is highly unlikely MQ itself is subscribing and selling for this meagre profit. Refer to its average subscription price of 0.0313 to date and the period it occured. There was rarely a time they could have sold at 3.5-4.0 cents. It is really not that profitable a trade no matter how you look at it. My view is this placement is to distribute shares to operators at a low cost. They have sufficient nominees so that none would appear as substantial shareholders or even in the Top 30

Evidence of Bornoil having a huge number of nominees is from its previous ESOS. From 2017-18, ESOS 747,996,000 shares @ 0.09585. Recall further that they did the ESOS despite a significantly lower market price at the same time. Also note the ESOS then specifically states it cannot be given to directors/ controlling shareholders. So one can see the huge number of nominees subscribing for the shares, and way above market price. Further evidence of this phenomenon is in the auditor's adjustment. Bornoil recognised cost as $0.09585 per ESOS share - auditors disagreed - they put it closer to market price with reference to black-scholes model and lowered it to 6-7 cents if I recall correctly. This reduced Bornoil's cost and as a result affected its bottomline so much that it reported a subsequent loss from a gain.

Posted by UncleFollower > 2021-10-09 15:11 | Report Abuse

And I think you are quite right it can't go below 2.5 cents. To those who are waiting below 2.5 cents it is a long shot. Because really, who has the shares to sell down to 2.0 cents? Even if we are existing shareholders, we should be happy in the event that happens. Only operators are able to flush out weaker shareholders at 0.020 and when they do that it will often precede an eventual huge rebound - so should it come below 0.025 it's a signal that they are almost ready to stage a big move again

Posted by UncleFollower > 2021-10-09 15:12 | Report Abuse

Personally how high this goes doesn't affect me that much. I have made back from other counters. But this is really quite an interesting counter because of so many unanswered questions and the "potential" lol

Posted by UncleFollower > 2021-10-09 15:15 | Report Abuse

Another odd move of late is the warrants. It may not be a lot of money, but it when it is taken it moved fast enough, and quantum large enough, to suggest it is not retail.

Posted by UncleFollower > 2021-10-09 15:16 | Report Abuse

WC/WD exercise cost is 0.07 with a few more years to go. For a company so greedy for cash, we should hope it fully pushes the price above 7 so that retailers or whoever will exercise and return cash to the company. There's a lot of money there in the region of $140M.

Posted by UncleFollower > 2021-10-09 15:16 | Report Abuse

In the event that happens, you make at least 4x from your warrants and 2-3x from your mother share counting from now

Posted by BE_GREEEEEDY > 2021-10-09 16:39 | Report Abuse

Monday Mom Bornoil 3 -4 sen , WC 2 sen , WD 2.5 sen
Steaming Commodities Market..$

Posted by Citadel666 > 2021-10-09 16:48 |

Post removed.Why?

Posted by FarmbesFlyer > 2021-10-11 00:20 | Report Abuse

Rocket get ready to launch anytime. Good luck!?

Posted by ThePowerOfGlove > 2021-10-11 00:25 | Report Abuse

ha ha

Posted by ThePowerOfGlove > 2021-10-11 00:25 | Report Abuse

rocket safe or not

Posted by BE_GREEEEEDY > 2021-10-11 10:04 | Report Abuse

COMINGGGGGGG....5 SEN NO SWEAT

Posted by ZackMaz > 2021-10-11 10:38 | Report Abuse

something is brewing..

Posted by Sales > 2021-10-11 10:46 | Report Abuse

Don't dream....

Posted by BE_GREEEEEDY > 2021-10-11 10:52 | Report Abuse

TOP NO 1 VOLUME

Posted by 651158 > 2021-10-11 10:54 | Report Abuse

Top top number 1 also no using volume just between 0.025 to 0.030 sen only

Posted by 651158 > 2021-10-11 10:55 | Report Abuse

I think just only left right volume only

Posted by lehubeng > 2021-10-11 11:08 | Report Abuse

seems this week no MQ subscription again..... like previous week, next few days volume traded will reduce, and VWAP will back to less than 0.027 so as MQ can acquire at 0.025..... hold tight until next QR....

Posted by BE_GREEEEEDY > 2021-10-11 11:20 | Report Abuse

something BIG to COME $$$$$
Top No 1 volume...hmmmm

Posted by Valgrovest > 2021-10-11 11:26 | Report Abuse

PP is coming to an end soon with less than 300m (or probably 200m) to go. That can be easily absolved by market even if MB decided not to hold after acquiring the remainder via PP. Less than half day today, we saw about 150m shares traded at 3 sen already. Together with the relaxation of the interstate travel and revival of the local economy, I guess it is the right time for price to slowly move up as our market has turned rather bullish already.

Posted by Sales > 2021-10-11 11:34 | Report Abuse

Going to lure the newbie...becareful..

Posted by suprnoob > 2021-10-11 12:33 | Report Abuse

nubis will be slurrrppppp...

Posted by BE_GREEEEEDY > 2021-10-11 15:12 | Report Abuse

great news coming,,,,the cheapest profitable penny

Posted by BE_GREEEEEDY > 2021-10-11 15:16 | Report Abuse

BREWINGGGGGGG

Posted by weirdvilante > 2021-10-11 15:19 | Report Abuse

HUAT AH!!!!!!!!!!!!

Posted by lehubeng > 2021-10-11 15:26 | Report Abuse

operators can throw at 0.03 as much as you like.......

Posted by lehubeng > 2021-10-11 17:05 | Report Abuse

today MQ/BOD/cronies sold 200 million at 0.03.... Next week MQ buy back at 0.025......

Posted by MZM2511 > 2021-10-11 17:35 | Report Abuse

Subscription of Bornoil PP shares by McQuire Bank
up to 11 October 2021
---------------------------------------------------------
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
12-July-2021 115,000,000 units @RM0.029
14-July-2021 5,000,000 units @RM0.029
15-July-2021 8,000,000 units @RM0.030
16-July-2021 10,000,000 units @RM0.030
22-July-2021 5,000,000 unit @RM0.029
02-August-2021 5,000,000 unit @RM0.025
11-August-2021 6,000,000 unit @RM0.025
13-August-2021 7,000,000 unit @RM0.025
17-August-2021 10,000,000 unit @RM0.025
01-Sept-2021 50,000,000 unit @RM0.025
07-Sept-2021 5,000,000 unit @RM0.030
24-Sept-2021 7,000,000 unit @RM0.025
07-Oct -2021 10,000,000 unit @RM0.025
07-Sept-2021 5,000,000 unit @RM0.030



Maximum units can be subscribed by Mcquarie Bank = 1,205,827,550 units

Total units subscribed (up to 11 October 2021) = 992,000,000 units

Percentage of shares subscribed: 82.27 %

Outstanding balance shares unsubscribed = 213,827,550 units

Percentage of shares unsubscribed: 17.73 %

Total NOSH after the last subscription 7,977,289,529 unit of shares

Posted by MZM2511 > 2021-10-11 18:17 | Report Abuse

11/10/2021 2,000,000 Acquired Direct Interest. Bought @ 3 sen.....

Name of registered holder DATUK JOSEPH LEE YOK MIN @ AMBROSE

Posted by ZackMaz > 2021-10-11 20:10 | Report Abuse

The director keep buying, any story ?

Posted by Valgrovest > 2021-10-11 20:26 | Report Abuse

ZackMaz - please see my earlier story (reproduced below):

Valgrovest Interestingly we should watch the move by Datuk Ambrose Lee. He started to accumulate slowly almost everyday since 01Sep21. I guess he has some plan or he knows something big is coming. He acquired slowly and in small amount in order not to attract attention or cause a spike in the share price. I believe he thinks 3 sen is a very very damn good price to acquire. Lets continue to watch him closely.

Posted by Valgrovest > 2021-10-11 20:28 | Report Abuse

This should be quite a clear indication - that he bought another 2 mil today. See if he continues to buy some more, maybe bit by bit.

Posted by Valgrovest > 2021-10-11 20:32 | Report Abuse

MZM2511 - thanks for the tracking and update on the PP. Another 213.8mil to go which is about RM5.345m based on 2.5sen. Not a lot more and if volume is large, the whole amount can be absorbed easily. I think we are reaching the end of the tunnel soon. Shining star ahead.

Posted by MZM2511 > 2021-10-11 21:00 | Report Abuse

Errata:

Maximum units can be subscribed by Mcquarie Bank = 1,205,827,550 units

Total units subscribed (up to 11 October 2021) = 987,000,000 units

Percentage of shares subscribed: 81.85 %

Outstanding balance shares unsubscribed = 218,827,550 units

Percentage of shares unsubscribed: 18.15%

Total NOSH after the last subscription 7,977,289,529 unit of shares

Posted by UncleFollower > 2021-10-11 23:49 | Report Abuse

Fund raising records:

3/2/21 - 11/10/21
MQ 987,000,000 @ 0.0313 raise $30,858,500

16/7/20 - 12/5/21
ESOS 1,016,500,000 @ 0.0321 raise $32,637,200

3/8/20 - 12/1/21
PP 633,405,775 @ 0.0379 raise $23,975,398


Total funds raised to date: $87,471,098


Current market cap 7,977,289,529 X 0.030 = $239,318,685

Posted by BE_GREEEEEDY > 2021-10-12 10:21 | Report Abuse

Bursa market damn good...foreign fund come in
Commodities price steaming
Bornoil the cheapest bet..making lui $ counter

Posted by Valgrovest > 2021-10-12 16:06 | Report Abuse

Some persistent buying at 3 sen is noted today - likelihood of someone or groups actively accumulating.

Posted by Valgrovest > 2021-10-12 16:08 | Report Abuse

Looking at the transactions I think operator is absence today - more like retailers buying plus a few big boys.