Bonus 2016 you can come out now.... hehehe

faralenz77
show me where I am wrong in my calculations?

Congratulations!

Bornoil has broken the 0.20 barrier!

1) The adjusted price was 36% (from 0.19 to 0.12)
including the price of Warrant D which is now
expected to trade between 0.055 to 0.060

2) Working backwards, if the price traded at 0.13 today,
adjusted backwards to pre ex-date will be almost 0.21.

Well done Bornoil ! At last 0.20 barrier is broken.
The closing price of 0.125, worked backwards will be 0.205

For those who have participated in the Rights Issue, the return
Is now over 40% (18 months from November 2015 to May 2017)

For the benefit of all, conversion price for
Warrant B is 0.06
Warrant C is 0.07
Warrant D is 0.07

FACT SHEET ON 1ST PHASE OF EXPLORATION ON BUKIT IBAM GOLD PROSPECT

1) Area : Bukit Ibam

2) Prospecting Area : 1,200 acres

3) Holder of Prospecting
Licence : PKNP

4) Mining Lease : 462 acres

5) Holder of Mining
Lease : PKNP and HDL Global Sdn Bhd

6) Operator : Borneo Oil and Gas Corporation Sdn Bhd


7) 1st Phase Exploration : 1.32 sq. km., 132 hectares or 362 acres
Area covered

8) Methods employed :

a) 15 trenches with aggregate distance of 5.4km

b) 1 metre wide and depth of 2 metre.

c) Samples collected, 2,209

d) Drilling done, 4 drillholes of up to 50m and 4 drillholes of up to 85m deep.

9) Resources : Categorised as inferred.

a) 6,266,663 tonnes of oxide material and fresh ores at average grade of 0.3 g/t which also comprises of :-

874,228 tonnes of ore with average grade of 1.0 g/t or 28,107 troy oz or 874.2 kg.

Making a total inferred gold resources of 60,814 troy oz or 1,891.5 kg., or 1.8915 tonnes of gold.

10) Ores are suitable for Earth Gold Heap Leaching (non-cyanide agent).

11) Pilot Heap Leaching Plant granted approval by Jabatan Mineral dan Geosains Malaysia.

12) Heap leaching operations to commence in September 2016 with 7,000 tonnes per cycle

People who do not know about Heap Leaching, please stop talking cock.

CMNC report of 1.4 g/t may be an exaggeration because it is too good to be true. You only go for Heap Leaching when it is 1 g/t and below, not when it is 1.4 g/t, does not make sense as coarse gold will appear plentiful at 1.4 g/t and leaching will be ineffective. 1.4 g/t – too good to be true.

Heap leaching is the most cost effective for grades of 0.2 g/t to 1 g/t. Even if the cost is US$600 – US$700 per oz, it will still be viable as gold is fetching US$1,330 per oz presently.

There is 1.8 tons of gold just on the surface – up to 25 metres! This is only the tip of the iceberg guys!. When it goes deeper, the grades will surely be better than what is on the surface. Please read the report. 0.3 g/t up to 2 metres and 1 g/t at 25 metres. Just the tip of the iceberg (Phase I) is already worth RM330 million, equivalent to 11 sen per share, plus the NTA now of 18 sen (560 ÷ 300 = 18 sen), the share is worth 29 sen!

Don’t believe me, talk to my hand in 6 months’ time!!

SINGAPORE (July 8): DBS CEO Piyush Gupta and Chief Investment Officer Lim Say Boon had words of wisdom for their clients in the DBS Private Bank 2H 2016 Market Outlook.
Gupta had flew in from London a few hours earlier, where DBS Group Holdings was awarded the
World’s Best Digital Bank by EuroMoney. Despite the good news and a new award for DBS, the
outlook for the second half is definitely downbeat.
Here in Asia, China will be a source of uncertainty. The Middle Kingdom is likely to continue
restructuring its economy. Efforts to squeeze out excess capacity in iron and steel and heavy
manufacturing are likely to lead to disruptions.
A planned economy doesn’t allocate resources efficiently. Although capital will be allocated more
efficiently as China moves to a market economy, the downside is volatility in the interim, Gupta
indicates.
“Expect to see a lot of corporate defaults in China. So we must ensure we take on the right
counterparty risk,” he says.
Taking a philosophical turn, Gupta doesn’t think GDP is the best measure for a country.
GDP was created in the 1930s to measure manufacturing output, he says. “Today we need to
measure economic welfare and satisfaction without relying on traded goods.”
Hence, Gupta believes the 2% inflation targets by the US Federal Reserve, the European Central
Bank and the Bank of Japan should be replaced by different benchmarks.
“We should start measuring the right things so we can get different answers,” he says.
Overall, Gupta sees the US economy as being stronger than is the common perception, based on recent data.
“Housing has been the strongest in seven years. Payroll numbers were very strong last month.
Inflation is pushing 2%, and GDP growth should come in at 2-2.5%,” he says, adding that he reckons
the Fed is going to hike interest rates once more this year.
2H2016 in eight predictions
CIO Lim summed up the second half in 8 predictions:

8 sobering predictions for world economy and markets by DBS
Published on The Edge Markets (http://www.theedgemarkets.com)
1) Brexit will not break the EU but it will be negative for European stocks.
2) The global economy will continue to struggle and a corporate earnings recession will spread.
Corporate earnings have been in recession for emerging markets for the last two years, and this is
spreading to the US and EU.
Corporate earnings growth for FY2015 is down 16% for Asia ex-Japan, down 21% for other emerging
markets, down 6% for China H-shares and 9% for Shanghai Composite Index. In Europe, corporate
earnings fell 7% last year, and were 3% lower in the US. The exception is Japan which rose 4%.
3) A decline in US corporate earnings will inevitably take the Standard and Poor’s 500 Index down
with it. Lim is forecasting a 10% decline in the next six months.
4) The Bank of Japan will have to unleash further stimulus because a strengthening yen is bad for the
economy and corporate earnings.
5) China will continue to ease. The best way to play China is through H-shares, which are trading at a
75% discount to A-shares, according to Lim. In addition, forward earnings multiples of H-shares are
at near 10-year lows.
6) Asia ex-Japan stocks will outperform global equities because their dividend yields are higher.
Dividend yield for Asia ex-Japan is 3.3%, Singapore market is 4%, and for China H-shares 4.2%. This
compares favourably with the global average of 2.7%.
7) Lim is negative on the US dollar and believes that commodities and gold will rise, given the global
central banks are in easing mode.
“There is no currency that can shoulder the burden of reflating the world,” Lim says.
As a result we are likely to experience continued currency volatility. He thinks the US dollar will
weaken and gold is a better investment.
“We are bullish on gold and have been for a long time,” he adds.
8) Bonds will continue to outperform equities.
World savings percentage of GDP is rising and now stands at 26%, due in part to an ageing
population.
Addthis:
author: Goola Warden
source: theedgemarkets.com
is Pinning adv:
Video Priority: Inactive
Source URL: http://www.theedgemarkets.com/sg/art

Globalization used to be the “in thing”. Today it is a dirty word.

The supposedly Utopian experiment had now gone wrong. Countries are seeking to break from this “illusion” that the whole world will live in peace and prosperity, with free movement of goods, services, people and capital. ISIS and Al Qaeda, through the Arab Spring have spoilt this illusion. America created it by firstly invading Iraq and unleashed the dark forces of evil in the Arabs, secondly by issuing too much debts to get out of the global financial crisis and thirdly by punishing Russia when it pushed oil prices below US$50 per barrel until oil prices collapsed altogether. Money issued never went to where they were supposed to cure. They went by way of issuance for sale of bonds and debts to Funds and Banks, who as “Kiasu” as ever, refused to lend to businesses, but instead just traded on treasuries, forex and derivatives, creating wealth only to the rich (less than 1% of the business population holding over 70% of the world’s wealth). People are fed up with the elites, establishments and monopolies and just do not want to be associated with this illusion and are now rebelling.

Muslim extremism, coupled with maximum evil and brutal acts in its display of indiscriminate murders made the situation worse as the free movement of the radicals is now associated with globalization.

So the world has become a nervous wreck and at a tipping point creating great swings in behavior and volatility. In just 12 months, you get Greek default, Paris shooting, Belgium bombing, collapse in oil price, collapse in the China stock market, devaluation of the Yuan, interest rate hike, American shooting and now Briexit.

Against this background of uncertainties, which will continue for a few more years, GOLD shines! – every investment apart from gold has been affected. Only gold has shone. So in the days to come with the following backdrop of dangers, it is best to be in gold. “Remember, gold does not make you rich, debts make you poorer”.

1) Potential uncertainties in the EU.

2) Islamic fanaticism and brutal acts of murders will continue, so long as ISIS is pressured.

3) 40 trillion of debts to be repaid (10 trillion in EU, 10 trillion in Japan and 20 trillion in the
USA).

4) Negative bonds – you pay 100 and is willing to get back 90 in 10 years. How’s that?

5) Right wing parties gathering massive support.

6) Stagnant growth in China and the rest of the world.

7) Excess oil production and infighting between the Shite and Sunnis, that will affect OPEC.

8) Saudi Arabia may just collapse and that will be the end of OPEC.

9) Russia and China may gang up and take advantage of the situation.

10) Interest rates will never resolve economic woes as the global debts have ballooned from
500 billion to 40 trillion !!

11) Gold is Finite. Only 50,000 tons are in the Central Banking System against 40 trillion worth
of debts, gold should be valued at US$26,000 per ounce.


Borneo Oil is the only proxy to gold in Malaysia. Stay long in Bornoil, as gold will surely move to US$1,500 per ounce in the next 24 months.

http://www.businesscircle.com.my/the-four-real-values-that-matter-universally/

http://www.zerohedge.com/news/2016-06-24/few-thoughts-gold-currency-and-%E2%80%9Crisk-free-savings%E2%80%9D-wake-brexit

Top Asian Stock That’s Returned 400% Is Happy to Stay Unknown
En Han Choong
June 3, 2016 — 12:00 AM SGT Updated on June 3, 2016 — 5:12 PM SGT
The Asian Stock That's Returned 400% to Investors

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Malaysian conglomerate has doubled profit in last four years
Company is hunting for acquisitions with $145m war chest
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It’s Southeast Asia’s best-performing stock and has returned almost 400 percent to investors in three years. Yet, Malaysia’s Hap Seng Consolidated Bhd. has flown under many people’s radars.
The property, plantation and building-materials conglomerate controlled by Lau Cho Kun has managed to double its after-tax profit over the last four years amid falling palm oil prices and a real-estate market that’s slowed since 2014. Similar-sized firms like Thailand’s Indorama Ventures PCL and PT Charoen Pokhphand Indonesia have a dozen or more analysts covering them, while Hap Seng, Malaysia’s 23rd-biggest company, hasn’t been tracked since 2012.
“If you look at the culture of our company, we don’t really like to shout and tell everybody how great we are,” Managing Director Edward Lee said in an interview in his office in Kuala Lumpur. “We want to deliver results.”
Hap Seng, which means unity and success, has its roots in a small shop set up by its founder Lau Gek Poh, who migrated from China to Sabah on Borneo island in the 1930s. It’s turned vertical integration into an art form, getting into fertilizer to complement its palm oil operations for example, and has grown via $358 million of acquisitions since 2000. It’s now looking to ramp up purchases as it takes advantage of its rising share price.
Acquisition Hunt
“The biggest opportunity right now is to acquire good assets, whether it’s plantations or property,” said Lee, who has 600 million ringgit ($145 million) of cash on hand for purchases. “If you grow your business organically it will take some time, whereas when there’s good companies we can acquire, the gestation period will be a lot shorter.”
Hap Seng has surged 55 percent over the past 12 months, the most among the 157-member MSCI South East Asia Index, compared with a 6.4 percent decline in the FTSE Bursa Malaysia KLCI Index. It’s returned 396 percent to investors including dividends in the last three years and reported an after-tax profit of 908 million ringgit in 2015, from 753 million ringgit the year before. Hap Seng closed unchanged at 5 p.m. local time, trading near a record high reached May 20.

Lau, the low-profile nephew of the late founder, owns 74 percent of the company. He’s the seventh-richest Malaysian and is worth $1.62 billion, according to Forbes Magazine.
About half of last year’s operating profit came from its property business, 17 percent from palm oil and around the same proportion from credit financing. Hap Seng also owns quarries, has building supplies and fertilizer companies, a trading division and runs seven Mercedes-Benz dealerships. All of its plantations are in Sabah, on the northern tip of Borneo, as is much of its property holdings.
‘Too Expensive’
Hap Seng’s share price has more than quadrupled since the end of 2012 and it’s price-to-earnings ratio is now 17.9, compared with a five-year average of 11.3. The stock is priced at 3.9 times its net assets, more than double the MSCI South East Asia Index.
There’s no compelling reason to initiate coverage because it’s “too expensive,” said Vincent Khoo, who last tracked the stock in 2008 when he was head of research at Maybank Investment Bank Bhd. He’s now head of research at UOB-Kay Hian Holdings Ltd. The company has a strong share buyback program and that’s probably contributed to its performance, Pong Teng Siew, head of research at Inter-Pacific Research Sdn. in Kuala Lumpur, said in an interview in February.
Wilson Szeto, a former telecommunications executive who bought 3,000 Hap Seng shares around three years ago, said it’s one of the best decisions he’s ever made.
“There’s nothing better than a good company that’s below the radar,” he said while waiting in the buffet line after the company’s annual general meeting in Kuala Lumpur last month. “When you do your homework, you’ll find the gems.”
Hap Seng’s share price has surged even as the price of palm oil fell from a high of around 4,000 ringgit a ton in February 2011 to less than of that by last August. The Bursa Malaysia Property Index has declined 25 percent from a 17-year peak in August 2014.
Aggressive Growth
Hap Seng’s earnings rose 26 percent in the first quarter from a year earlier, buoyed by property sales and strong performances from its fertilizer, trading, automotive, credit financing and building materials divisions, according to the company’s financial results. This year will be tough as weak demand for palm oil from China will persist and the property market is equally challenging, Managing Director Lee said in

Please read the introduction and chairman's review. Some insights into the brains behind the group
http://cdn1.i3investor.com/my/files/dfgs88n/2016/05/31/1484772616-147978381.pdf

M’sians urged to invest in gold to mitigate ringgit’s decline
February 29, 2016, Monday
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KUALA LUMPUR: Malaysians have been urged to keep between five to 10 per cent of their savings in gold as part of their overall portfolio to mitigate the ringgit’s decline.

The founder and executive chairman of Public Gold Marketing Sdn Bhd Datuk Wira Louis Ng Chuu Hau said the investment in physical gold played an important role in the current economic uncertainties.

“The gold price is based on international pricing and quoted in the US dollar. So, if the ringgit’s value fell against the US dollar, it would still give those with gold savings an advantage,” he told the media at a seminar titled, ‘Gold as a Safeguard Against the Ringgit’s Decline’, here.

Ng expected the ringgit to trade at the level of RM4.40 to RM4.50 this year, and this will drive gold prices higher.

“The weak global economy, coupled with the efforts of foreign central banks to change bond investments to physical gold, will have a higher impact on gold demand globally,” he said.

He also said investing in physical gold was easier than derivatives which was more complicated, while having elements of speculation.

Meanwhile, the inaugural seminar which brought together speakers from the gold investment sector, was sponsored by Public Gold with the cooperation of Agrobank, POS ArRahnu and Koperasi Dagang Emas. — Bernama

BornOil has been quietly building up its gold inventory. Today it now stands at some 544.58 kgs
A while back, Business Circle ran a report, Time to invest in gold, explaining how many investors view the precious metal as a safe haven and one that is relevant when there is potential for high inflation, economic uncertainty, or currency depreciation.

As it stands, that was what happened since we published the report. Gold prices have been on the rise amid concerns about the global economy and stock market uncertainties throughout the world.

One company, however, that has been quietly building up its gold inventory is Borneo Oil Berhad (“BornOil”) which we also happened to cover last year in our report, BornOil rises from the ashes.

At that time, Business Circle touched on how BornOil was expanding on its gold-mining activities. We had interviewed the company’s executive director Raymond Teo who explained (at that time) that: “BornOil was entering the gold industry at a most opportune of timing with low entry costs which augurs well for long-term sustainability and profitability.

1 year gold price in USD over ozBornOil’s entrance into the gold industry couldn’t have been better timed as gold prices have currently soared to its highest levels in over a year. (See chart. Photo credit: goldprice.org)

The company’s bet on building up its gold inventory appears to augur well for its fundamentals: Gold backing per share continues to rise and now equates to some 21% of its current share price of 14 sen.

In a statement to the stock exchange this evening, the company said that its gold inventory currently stands at some 17,507.75 ounces (or 544.58 kgs).

Based on current gold price per ounce of US$1,240 (US$1 = RM4.23), this then translates into an inventory valued at approximately US$21.71 million or RM91.83 million. And with BornOil’s issued capital currently standing at some 2.973 billion shares, this the gives rise to 3 sen per gold backing.

“Our goal is to further increase our gold backing per share,” Teo further explained.

“Last year, we made the strategic decision of venturing into the gold industry and it’s made our fundamentals even stronger than ever before with rising gold prices,” said Teo. “We are optimistic that gold prices would continue to head upwards.”

Gold as a ‘safe haven’ due to current uncertainties

Globally, investors have been seeking out gold as a “safe haven” due to uncertainty in stock markets, coupled with the move to negative rates from some central banks.

“Investors are piling into gold, seeking shelter amid concerns that a turn toward negative interest rates in some countries is threatening to destabilize the global financial system,” according to a report in The Wall Street Journal entitled “Gold is biggest beneficiary of negative interest rates”.

Negative interest rates mean that banks are charged for keeping cash in certain kinds of accounts at a country’s central bank. That policy is intended to dissuade banks from parking idle cash; hence, encouraging banks to pump money into the economy by making loans.

Meanwhile, gold-backed exchange-traded funds (ETFs) have recorded net inflows since the start of the year, signaling renewed investor interest, reported Reuters via Yahoo Finance.“Investors are returning to gold as a core diversifier and safe haven investment,” James Butterfill, head of research at ETF Securities, reportedly said in a note. “Given the increasingly challenging investment and economic environment, we expect this trend to continue.”

“Investors are returning to gold as a core diversifier and safe haven investment,” James Butterfill, head of research at ETF Securities, reportedly said in a note. “Given the increasingly challenging investment and economic environment, we expect this trend to continue.”And should this trend continue, one company stands to benefit handsomely. That company is BornOil, and kudos to them for having the courage to catch a falling knife all those months ago to now reap the rewards of soaring gold prices.

And should this trend continue, one company stands to benefit handsomely. That company is BornOil, and kudos to them for having the courage to catch a falling knife all those months ago to now reap the rewards of soaring gold prices.
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Teo says BornOil is optimistic that gold prices would continue to head upwards. According to analysts, investors have been seeking out gold as a ‘safe haven’ due to uncertainty in stock markets, coupled with the move to negative rates from some central banks. — Reuters photo
Teo says BornOil is optimistic that gold prices would continue to head upwards. According to analysts, investors have been seeking out gold as a ‘safe haven’ due to uncertainty in stock markets, coupled with the move to negative rates from some central banks. — Reuters photo
BornOil gold backing per share climbs to unprecedented levels

LABUAN: Borneo Oil Bhd (BornOil) gold backing per share continues to rise and now equates to some 21 per cent of its current share price of 14 sen.

In a statement released last Friday to Bursa Malaysia, the company said that its gold inventory currently stands at some 17,507.75 ounces or 544.58 kilograms (kgs).

Based on current gold price per ounce of US$1,240 (RM4.23 per dollar), this then translates into an inventory valued at approximately US$21.71 million or RM91.83 million.

As of last Friday, BornOil issued capital stands at some 2.973 billion shares, giving rise to three sen per gold backing.

“Our goal is to further increase our gold backing per share,” said BornOil executive director Raymond Teo.

“Last year, we made the strategic decision of venturing into the gold industry and it’s made our fundamentals even stronger than ever before with rising gold prices,” said Teo.

“We are optimistic that gold prices would continue to head upwards.”

Globally, investors have been seeking out gold as a ‘safe haven’ due to uncertainty in stock markets, coupled with the move to negative rates from some central banks.

“Investors are piling into gold, seeking shelter amid concerns that a turn toward negative interest rates in some countries is threatening to destabilise the global financial system,” according to a report in The Wall Street Journal entitled ‘Gold is biggest beneficiary of negative interest rates’.

Negative interest rates means that banks are charged for keeping cash in certain kinds of accounts at a country’s central bank. That policy is intended to dissuade banks from parking idle cash; hence, encouraging banks to pump money into the economy by making loans.

Meanwhile, gold-backed exchange-traded funds (ETFs) have recorded net inflows since the start of the year, signaling renewed investor interest, reported Yahoo Finance.

“Investors are returning to gold as a core diversifier and safe haven investment,” James Butterfill, head of research at ETF Securities, reportedly said in a note.

“Given the increasingly challenging investment and economic environment, we expect this trend to continue.”