Yup.. need not be greedy. 12 months is a good target. It gives the chance to accumulate as well as provide ample time for recovery play with the post-pandemic economy and the elections along the corner. The next QR release may pose as a further opportunity. Good vibes.
Some buy to average out the price , some buy hoping to make quick momey., some waited to sell since 2015. You can checked out but you cannot leave. Lol
@Investor787 you talked like your money has left this counter, or you never invested in this counter at all. but it seems like you cannot leave here mentally too. still too concern about this counter. LOL!
@Investor787 different thing is, I am not that keen to leave here actually, I don't feel bad staying here for long at all.
it is you that felt bad for people that stayed here for long, although so your mental and soul stayed here, you should try to free yourself, not others
yang penting buy low sell high...x kisah berapa lama tunggu, as long jangan PN17, Tak tipu audit, than you can stay hold in the company. Bornoil having real business and if they can sustain their profit for another 2-3 quarter, than we can see the movement of this heavy counter.
@ZackMaz betul, orang macam Investor787 memang x pandai faham punya, ingat semua orang sini buy high kena trapped saja, padahal ada orang baru ja masuk sebab price sudah sangat murah, x mustahil sudah bottom pun, biarpun belum bottom pun x jauh suda dari bottom. so risau apa? tunggu la, investment memang kena tunggu punya ma
No worries whatsoever @ZackMaz. Twelve month investment plan is on track. Very optimistic that the price will move up once the PP is completed. And the Sabasco sauce is marvellous!
Guys, the Annual Report has been released today. Have a read in details. I have few observations. MQ is not listed in any of the top 30 largest shareholders. So the conclusion is they are not holding any big amount of shares and obviously their modus operandi is to sell immediately even at half sen profit. Same goes for ESOS - with such a big amount of ESOS exercised none of the staff are listed in the top 30 largest shareholders. So same modus operandi - they probably sold immediately after exercising even at probably half a sen or a sen profit.
The main plus point for the company is that the PP and ESOS generated much cash for the company, without which they would be in cashflow deficit. At the moment, the company is in net cash position with cash reserves and cash at bank of about RM35m. They also hold large number of Treasury shares which can be turned into cash if needed. Hence no cash flow or liquidity issue for this company for the short term.
Great observation @Valgrovest. I do notice the growth of both queues but interestingly the Sell to Buy ratio remains at 10:1. Still in GTD. Yes @sales, just hold and buy at 2-2½sen.
be practical mehhh...even 2.5 sen is really tough to get tired of Q-ing 2.5 sen till cat grows horn -then 3 sen the best bet 4 - 5 sen no sweat given the prospect of this damn good bornOIL
If u read from the annual report. It is very encouraging. U can c the photo of the limestone plant. Gold mine plant. Sand plant. All are ready to b used. The 2nd phrase report of gold finding to be released. Bornoil ceo also thinking about the future development of the company. Carbon related. Hot cilli business. Own 19% in verde resource. From the top 30 shareholder lists. U can see some clues who are also invest in BOB n increase their shares. Bright future.
Limestone plant still not completed - should boost earnings next year on completion
Looks like Bornoil is strongly tied to Pan Borneo too. This could be the 1 catalyst ahead of the others. If the Govt could just push this project for election base there's $ for many to make including Bornoil
If gold moves up further then whether or not Bornoil has dug up its gold is immaterial as we have seen before...the share moves ahead of real gold coming out lol
Chili is a long shot but a big one if it works. Maybe Joseph deserves his 75k a month ministerial level pay...
From 1/10/20 to 30/9/21 which is cut-off date as per annual report, there's an increase of approx. 1.25B shares.
This comes from MQ 977M shares Plus PP & ESOS 623.605M shares Total shares increased by approx. 1.6B shares Less SBB 348.24M shares Net total shares increaesd by approx. 1.25B shares
That's a lot of shares and some of us here have checked and found that no, MQ is not holding them directly. No new significant shareholders in Top 30. In fact as Justin has pointed out there are only 3-4 new names holding 70M shares or so.
However if u look at shareholders count, the increase is from 23199 to 23239 only in the same period. This means only an increase of 40 shareholders.
So let me tell u this...Bornoil shareholding is not as scattered as it seems...MQ's stake went to a bunch of nominees each holding maybe just less than 20M shares to go below Top30 radar...this means it will be easier than it seems to goreng this up when the right time comes...
This is a very long game in the making...the first round the incredibly priced ESOS went to a very large number of nominees...this is round 2 going to larger nominees...it smells the same as those penny stocks which just exploded one day out of the blue.
The downpress today seemed organized. Shake it long enough and perhaps they'll push down some poor investors at 2½. It does seem like their only remaining option, doesn't it? The rest of us are waiting at 2½ GTD so good luck with the dump.
retailers do not see director worth rm 75k per month based on past records, hopefully retailers can appreciate director's value within next one to two years......
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....
mhanaS
213 posts
Posted by mhanaS > 2021-10-25 21:33 | Report Abuse
Yup.. need not be greedy. 12 months is a good target. It gives the chance to accumulate as well as provide ample time for recovery play with the post-pandemic economy and the elections along the corner. The next QR release may pose as a further opportunity. Good vibes.