Seems no one willing to sell at 2.5sen. I have been trying to top up some and have been queing at 2.5sen for ages and still cannot get. Will be happy if someone throw at 2.5sen. Meanwhile just hold tight till PP completed.
If drop further (says to 1 sen) it will become dirt cheap for main shareholder C K Lau to privatise the company !! Remember C K Lau of Hap Seng Consolidated has deep pocket.
We can see the predicament now. Pushing the price down to 2sen will render the ESOS worthless. Subscribing the remainder of the PP at 2½sen on the other hand, will give the ESOS recepients exit at 8.7% return. With current investors like us sitting on the sidelines waiting for the PP to expire, I see it game over for MC. Just queue at 2½ and wait for the ESOS to bite.
Details of corporate proposal Exercise of Share Options No. of shares issued under this corporate proposal 5,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0230
Latest issued share capital after the above corporate proposal in the following Units 7,999,289,529
Shimmering light a head ,could be heaven and could be hell .You could buy at a low price at anytime of the year, cos it always low. Welcome to Bornoil , a wonderful counter with pleanty of shares you can buy
operator will push down to 0.02-0.025.... then they wait at 0.02.... and is no problem for them to buy back at 0.025.... like now, operator push down bornoil to 0.025-0.03, and they can buy back anytime at 0.03.....
As it stands the price is nicely set at 2½sen. No point losing sleep over it, in fact I am queueing again to accumulate at 2½sen. We just need to hold untill the PP expires.
The low volume indicates that the price has bottomed out at 2.5 sen to 3.0 sen. There are still some people throwing at 2.5sen and hopefully they wont regret as that the about the price that MQ bought by millions under the PP. We just need to wait for the PP to expire (in about 2 months time) and for the QR to come out (hope no surprise although I do not expect it to be great given the recent MCO). The AGM is to be held on 17Dec21 (10am) and I think we should try to attend (virtually) and seek some clarification from the BOD especially the latest progress and development plan for the new limestone plant and gold mining.
Fantastic @Valgrovest. Please share the details later so that others can join the AGM. The ones throwing are perhaps ESOS recepients. Nothing to worry about. I'd take them up and collect at that price.
Apparently it seems that the seller was from the Selling queue.. now the 3sen Sell queue is only half a million from 1.1m before. What's your play now then, Macquarie?
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....
BE_GREEEEEDY
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Posted by BE_GREEEEEDY > 2021-11-18 10:55 | Report Abuse
Looks so kaput this Bone_Oil
2 sen is coming
WD now buy 1 sen ...very dangerous