Posted by Cojack31 > 2022-02-25 13:34 | Report Abuse

Ambrose.. Push lor.. Waiting wat.. Goreng like last time. Ops many years ago.. 30cts

Posted by Cojack31 > 2022-02-25 13:35 | Report Abuse

Goreng..goreng

Posted by 651158 > 2022-02-25 15:53 | Report Abuse

Nobody goreng2

Posted by 651158 > 2022-02-25 15:54 | Report Abuse

Also nobody buy many2

Posted by 651158 > 2022-02-25 15:55 | Report Abuse

Also no big2 shark come in

Posted by 651158 > 2022-02-25 15:55 | Report Abuse

How ler

Posted by MrsLee > 2022-02-25 15:55 | Report Abuse

TP at 0.03 again??

Posted by SincereStock > 2022-02-25 17:43 | Report Abuse

result cantik cantik wor hehehe

Posted by SincereStock > 2022-02-25 17:49 | Report Abuse

even if bornoil don't make money, just buy for it's NTA also so much worthy already. Read total assets vs total liabilities. Total liabilities is almost negligible

Posted by MZM2511 > 2022-02-25 18:54 | Report Abuse

(Note: Verde Resources, Inc. (VRDR) price on end of June 2021 = USD 0.072 and the price on end of September 2021 = USD 0.0744)

Verde Resources, Inc. (VRDR)
Other OTC - Other OTC Delayed Price. Currency in USD
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0.1565+0.0005 (+0.31%)
At close: February 18,2022 03:46PM EST

Posted by justin1njp > 2022-02-25 18:59 | Report Abuse

Qr out.
Earn 10 million

Posted by MZM2511 > 2022-02-25 19:00 | Report Abuse

Fair value gain on investment in quoted securities RM15,380,000
Gain on disposal of quoted securities RM3,303,000

Posted by TheContrarian > 2022-02-25 19:09 | Report Abuse

Verde Resources share price on 31/12/21 was USD0.0935.

Posted by TheContrarian > 2022-02-25 19:12 | Report Abuse

Borneoil has 166.67 million shares in Verde Resources initially. How much shares held today?

Posted by Valgrovest > 2022-02-25 19:17 | Report Abuse

Ha Ha ...good QR so released early (no need to wait till last day of the month). PP and ESOS completed successfully and company loaded with cash. Excellent QR and business operations back to normal. The only way for Bornoil share price is up !

Posted by OKU_2020 > 2022-02-25 21:27 | Report Abuse

Gold collapsed USD 31 to 1890
Gone@BornOil...
#Holland

Posted by SincereStock > 2022-02-25 21:37 | Report Abuse

@oku_2020 haiya, told u gold is not bornoil main business la

most importantly not part of it's NTA

Posted by MZM2511 > 2022-02-25 21:57 | Report Abuse

Verde Resources, Inc. is engaged in gold mining in Malaysia. The Company is undertaking natural mineral resource extraction management services. The Company conducts business operations in Pahang, Malaysia through its indirect subsidiary, Champmark Sdn Bhd (CSB). Its exploration and mining business is provided through contractual arrangements with CSB through its subsidiary, Gold Billion Global Limited (GBL). Its CSB, the variable interest entities (VIE) of GBL, sells gold minerals directly to the gold trading company in Malaysia. CSB holds the operating right to Merapoh Gold Mine (the Mine). The Mine is located in northern Pahang and in the middle of Malaysia's gold metallogenic belt. It lies between the western and eastern tin belts and extends from Kelantan (Sungai Pergau and Sungai Galas) to Pahang (Merapoh, Kuala Lipis, Raub), Terengganu (Lubuk Mandi), Negri Sembilan and Johor (Gunung Ledang).

Posted by MZM2511 > 2022-02-25 22:13 | Report Abuse

THE ADDITIONAL GOLD MINING LEASE ACQUIRED BY BORNOIL

On 7 th May 2021 Bornoil (BOG) entered into a new mining area following the approval of a New Mining Lease pursuant to the Exclusive Production Sharing Agreement (EPSA) signed on the 11 March 2015 with HDL Global Sdn Bhd. The said new mining lease was part of the mining area measuring approximately 1,200 hectares (3,000 acres) at an area known as Blok A,SKC(H), 1/2001, Hutan Simpan Bukit Ibam Mukim Keratong, Daerah Rompin, Pahang, contracted to HDL by Perbadanan Kemajuan Negeri Pahang on 21st May 2010.

BOG is currently conducting mining works at a mining lease measuring 187 hectares (462.08 acres) and the new mining lease will add another 175.04 hectares (432.53 acres) for the company’s gold mining operations.

The New Mining Lease of 175.04 hectares (432.53 acres) is adjacent to BOG’s Existing ML area of 187 hectares (462.08 acres) BOG will have a total mining area of 362.04 hectares (894.53 acres) at Mukim Keratong, Daerah Rompin, Pahang.

BOG has also recently acquired an interest in a company known as Ratna Pura Sdn Bhd which owns a mining lease measuring 194.14 hectares (479.73 acres) also located at Mukim Keratong, Daerah Rompin, Pahang.

With this New Mining Lease, BOG will operate a combined mining area of 556.18 hectares (1,374.26 acres) at Mukim Keratong, Daerah Rompin, Pahang and at the same time continue exploratory works on the remaining 837.96 hectares (2,070.64 acres) of the Mining Area pursuant to the EPSA.

BOG is able to leverage its expertise on the Mining Area with its present domain knowledge of Mukim Keratong and will also save on the deployment of equipment and machineries to the adjacent New Mining Lease for Mining Works.

Posted by MZM2511 > 2022-02-25 22:13 | Report Abuse

From QR2 2022 report, it stated that the gold exploration works not yet completed according to the company proposed budget for the project.....
------
Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang ("Plant")
- Proposed Utilisation: RM10,000,000
- Actual Utilisation: RM6 ,997,000
- Intended Timeframe for Utilisationfrom: Within 36 months from the receipt of placement funds

Posted by mhanaS > 2022-02-25 23:05 | Report Abuse

The Head Office and Others (“HOO”) recorded a profit before tax of RM10.79 million against a
loss before tax of RM1.51 million mainly due to the fair value gain on quoted securities of
RM12.12 million for the quarter under review.

The Food and Franchise Operations (“FFO”) recorded a revenue of RM12.52 million and a profit before tax of RM0.31 million for the current quarter against revenue of RM9.29 million and a loss before tax of RM2.55 million for the corresponding quarter. The higher reported revenue was mainly due to the gradual lifting of dine-in restrictions under the National Recovery Plan and the festive season during the current quarter. During the quarter under review, RM0.41 million was expenses off in the income statement for the share-based payment on ESOS, resulting in a lower profit before tax of RM0.31 million.

The Property Investment & Management (“PIM”) registered revenue of RM4.86 million for the
current quarter with the resumption of installation activities on-site for the project management of an Integrated Limestone Processing Plant (“ILPP”). Despite the fact that the PIM segment had not fully resumed its activities on the ILPP site, it managed to reduce the losses to the minimum with its effective cost-cutting measures.

The Resources & Sustainable Energy (“RSE”) reported revenue of RM0.98 million and a loss
before tax of RM0.70 million for the current quarter against revenue of RM0.62 million and a
profit before tax of RM7.50 million for the corresponding quarter. The lower than expected
revenue from the sale of limestones resulted in a loss before tax for the quarter under review. The profit before tax of RM7.5 million for the corresponding quarter was mainly attributable to the bad debts written back of RM8.5 million.

Posted by lehubeng > 2022-02-26 13:39 | Report Abuse

bad debts written back of rm8.5 million. means the debt has not yet collected but just placed back into bornoil account and consider as profit for the last corresponding quarter?

Posted by lehubeng > 2022-02-26 13:41 | Report Abuse

and in fact, this bad debt still remains bad debt and has not collected?

Posted by MZM2511 > 2022-02-26 14:59 | Report Abuse

@lehubeng

From the QR2 2021, page 6 (CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS), its been stated:

Bad debts written back - other receivables RM8,501,000.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3132649

Note: 'the corresponding quarter" was referred to the QR2 2021 which is given as a comparison to the latest QR2 2022.

In accounting, the bad debts which was written off and charged before can be reversed to be the bad debt written back if the related debtor paid back the debt or there is a clear evidence that the said written off debt can be collected in the future.

On the issue whether the said debt has been collected or still not yet collected, we may see it in the the later QRs after the QR2 2021 reports (if any...)

Posted by newguy0801 > 2022-02-26 15:02 | Report Abuse

"Bad debt written back" refers to the the recovery of written off debt that was previously thought irredeemable/unrecoverable. So, it is a good news that they were able to recover that much debt in their limestone business, but their limestone business revenue is still not up for expectation.

Posted by newguy0801 > 2022-02-26 15:04 | Report Abuse

So, at the end it is considered as a profit in terms of accounting, since they were forced to write off the debt quarter(s) ago due to accounting rules and regulations.

Posted by lehubeng > 2022-02-26 16:45 | Report Abuse

@newguy0801 & mzm2511 tqvm

Posted by UncleFollower > 2022-02-26 20:07 | Report Abuse

1. I don't know why but yes Bornoil has repeatedly over a few quarters recovered bad debts from limestone segment. The management has not bothered explaining their performance. They bought limestone mines with hard cash, off hand I think in the region of 130M+, with a contracted guaranteed return. So far such returns not shown. This is a very significant amount esp seen in light of its current market cap

2. Like most people I don't like the gains solely arising from quoted securities. This is basically verde resources shares. 2 things to note...firstly this is cut-off 31/12 when verde was only around 9c. Verde is now 16c after retreating from 20c+. There's another approx. RM 49M gain to be recognised in this quarter (Jan-Mar) if verde is 16c. Secondly it will look very bad when verde comes down and they recognise huge loss

Posted by UncleFollower > 2022-02-26 20:08 | Report Abuse

The hard cash this company spent on gold mines and limestone mines are far in excess of its current market cap. We need to see results. Lotssss of cash spent. Hello Bursa query them

Posted by UncleFollower > 2022-02-26 20:10 | Report Abuse

Btw my grandson loves pezzo pizza...but one by one the outlets here around close down. This is on Bornoil's Raymond..open close open close..they should take their F&B seriously...look at BJFood recovery...

Posted by UncleFollower > 2022-02-26 20:10 | Report Abuse

Meanwhile the wait continues guys see u when it's 8 cents

Posted by rohanrazi > 2022-02-27 12:05 | Report Abuse

There is more expensive mineral than gold. U****m.

Posted by 651158 > 2022-02-27 20:39 | Report Abuse

I think bornoil no mineral no gold la

Posted by justin1njp > 2022-02-27 21:10 | Report Abuse

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2022 results:

EPS: RM0.001 (up from RM0 in 2Q 2021).
Revenue: RM18.4m (up 84% from 2Q 2021).
Net income: RM10.3m (up RM8.60m from 2Q 2021).
Profit margin: 56% (up from 17% in 2Q 2021). The increase in margin was primarily driven by higher revenue.

Posted by MZM2511 > 2022-02-28 00:01 | Report Abuse

Mineral.... Limestone.... No spesific revenue related to gold....

The Property Investment & Management (“PIM”) registered revenue of RM4.86 million for the
current quarter with the resumption of installation activities on-site for the project management
of an Integrated Limestone Processing Plant (“ILPP”). Despite the fact that the PIM segment had
not fully resumed its activities on the ILPP site, it managed to reduce the losses to the minimum
with its effective cost-cutting measures.

Posted by richman > 2022-02-28 08:29 | Report Abuse

must monitor this today .At its lows for too long

Posted by richcares > 2022-02-28 08:30 | Report Abuse

Can buy this stock. Got news

Posted by Cojack31 > 2022-02-28 09:19 | Report Abuse

Fly2 bornoil. Goreng kaw kaw

Posted by Cojack31 > 2022-02-28 09:19 | Report Abuse

Fly2..jgn malu2

Posted by Cojack31 > 2022-02-28 09:26 | Report Abuse

Ini kaunter sudah 5 tahun tido.. So fly or consolidation shj yg bole berlaku

Posted by Cojack31 > 2022-02-28 09:26 | Report Abuse

Hope bursa x approved consolidatiion. Esos just habis

Posted by lehubeng > 2022-02-28 09:59 | Report Abuse

no movement despite acceptable qr. no proper business gain. just paper gain from verde resources.......

Posted by koyokui > 2022-02-28 10:32 | Report Abuse

Buy big profit quarter report from bornoil

Posted by OKU_2020 > 2022-02-28 10:55 | Report Abuse

no hope...

Posted by sunsetbiz > 2022-02-28 15:32 | Report Abuse

buy popcorn watch show is much fun...:)

Posted by Cojack31 > 2022-03-01 05:45 | Report Abuse

Ambrose. Goreng lor. Waiting wat

Posted by justin1njp > 2022-03-01 08:15 | Report Abuse

Waiting retailer sell now

Posted by lehubeng > 2022-03-01 09:05 | Report Abuse

no show. hold tight till next qr.

Posted by singkalin > 2022-03-01 09:18 | Report Abuse

Why still no gold mining activities.
Bornoil have mining lease, bought mining company and machinery for more than 2 years, yet no mining activities.
Or all this for window dressing only.

Posted by MZM2511 > 2022-03-01 11:26 | Report Abuse

@singkalin. Only this we can acknowlege. There is no report about the gold production or revenue from the extraction of gold in the latest qr report.
----------

Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang ("Plant")
- Proposed Utilisation: RM10,000,000
- Actual Utilisation: RM6 ,997,000
- Intended Timeframe for Utilisationfrom: Within 36 months from the receipt of placement funds