The inventories abt RM100 millions has not turned into cash yet

Bornoil really needs some time for institutional buyers to notice it. I think these big buyers still studying and monitoring the counter closely. By the time they go it, it will be too late for small fries like us

If we based on last month gold inventories, it increased by almost 100kgs per month. Per qtr is 300kgsx1000x RM163/gms =RM48,900,000

Share capital RM 296,180,000, par is RM 0.10/share Per share backing is 3 sen based on RM 100 million inventories

Its inventories is abt 100 million ringgit. If the inventories sold, will this turn into net profit?

No point keeping so much cash but doing nothing. It is the recent right issues cash. Shareholders money. Tan Sri is a successful businessman, definitely he knows how to make use of money for further acquisition or investment.

Current asset - current liabilities = abt net 200 million.(cash 180 million. Inventories almost 100million. )It is very healthy and good sign in term of financial status. I believe something good n strong is coming.

Can anyone explain as at 31/1/16mining revenue RM224,466,000, profit only 8.1 million. Last year corresponding period revenue RM 34,695,000, but profit 6.1 million. Why such vast different in term of revenue verses profit?(3.5% and 17% return)

I believe the volumn of gold accumulation will be quantum leap from month to month. GLC will enter Bornoil soon

Ada improvement today. Closing 14.5c. May be tomolo 15c. Friday 16c.
Koon bee, you are the great!

No volumn! Mana 16c?

Koon Bee, you are a real joker

You mean after the announcement of quarterly results, it will touch 30c?

Koon Bee, you said Tan Sri Lau pressed down the price, is there possibility that Tan Sri cash out?

Gold price shot up to US 1276, 20%up fr its lowest US1060, yet Bornoil price goes downward, anybody knows what happen?

And also Victoria Capital?

Any one know TanSri Lau and hap Seng holding how many %shares in Bornoil?