Differentiate between facts and own opinions. If ur opinions are not based on facts then u are simply misleading. So why are u even mentioning the Genneva ponzi scheme? Lol! u must be a victim. Is that why u so angry all the time whenever someone talks about gold investment? Loser always act like one.

wan, u better stop speaking nonsense! Bornoil holds substantial amount of Gold contracts worth RM 660 millions now. Small amount? A well backed-up company! If Gold really rallies past US$ 1400 an ounce in coming weeks or months then Bornoil's gold holdings easily fetches up in excess of RM 700 millions! How many times we've heard those losers shouting for months but the company's gold holdings topping up and worth more with steady Gold value rises?

The company started off with just 2,812.89 ounces of Gold holdings in its inventory back in April 2015.

2,812.89 oz (April 2015) Back then!
126,500 oz (December 2017) Latest holdings!

That is almost "45x MULTIPLES" from its initial holdings in a "33 MONTHS" horizon. So on averagely a 1.36 multiple increase each month.

Woodswater, if u read how that loser chan9301 is writing of his opinions....u will know that he must have lost a fortune in those ponzi schemes especially Geneva since chan9301 always talk about risky gold trading lol!

Even if MYR dropped back to the 3.80 level where Mahathir used to pegged the Ringgit against the US Dollar for stability reason....

126,500oz x 1,350 x 3.80 = RM 648,945,000 (Current price of Gold)
126,500oz x 1,250 x 3.80 = RM 600,875,000 (Even Gold dropped to US$1250 per ounce)

Doesn't matter the worst case scenario, Bornoil will still have a whooping amount of Gold holdings which is highly liquid. The company is still adding up its gold holdings monthly or quarterly despite trading the contracts every now and then but the holdings keep increasing since February 2017.

As u know that, most companies are BACKED by TANGIBLE ASSETS such as valuable LANDS & PROPERTIES and INTANGIBLE ASSETS such as INTELLECTUAL PROPERTIES like the FORMULA OF MAKING COLA, IPHONE, etc. So now the entire world is having HARD ASSET and DEBTS BUBBLES because of over speculation or over investment in properties. These kind of assets have had a good run for the past decade but lands will still be more valuable in the long term than bricks&mortar properties. Affordability has fallen, banks refuse to take on risky expensive housing loans but rather give out financing to government-backed infrastructure projects. Properties include lands are cyclical. Gold on the other hand is non-cyclical because it's based on many factors such as inflation, USD, geopolitical risks so it is why the already scarce Gold metal has been used by governments (central banks) and nations to fund wars and trades for centuries. Will be risky? Not if u take a long term approach investing into the safe haven metal.

https://www.thestar.com.my/business/business-news/2018/01/28/cryptocurrencies-not-substitute-for-gold/

https://www.nst.com.my/business/2018/01/327558/malaysia-ready-take-gold-industry

Gold is a commodity trade means the demand is always there like for centuries already loh...!! If u talk about risk, then equity has higher risk than gold. U must know that Bornoil is backed by massive gold holdings worth hundreds of millions now mah...look below:

http://www.bursamalaysia.com/market/listed-companies/company-announcem
Now Bornoil has 126,500oz x US$1,351 = US$ 170,901,500 dollars !

That is equivalent to about MYR 661 millions worth of liquid gold contracts....!! Yaohooo...!!

Lol! how can u compare real gold with those gold ponzi SCHEME like Genneva leh...?? I think u are one of those victim? Is that why u so negative whenever we talk about gold as a safe haven investment here leh? Wakakakaka a loser always act like one

Gold holdings is a long term strategy acting as a hedge not only against inflation but it hedges against any risks in a portfolio. Only fools won't understand it.

Hi morning all! Today is a good day so don't be ruined by some loser named chan9301 here. Look at the active volume.

For those who hold bornoil, it's not easy to have patience but we're near to a strong reversal. Let the wb warrant runs its course and we'll see about that so another month to go!
Important is company doesn't make any losses while increasing its gold holdings & at the same time the other main projects are taking shapes.

Jusloh, I don't think their gold production will improve until its heap leaching is in place & operational. At the moment, they accumulate gold contract positions which still fare very well given the favorable gold price.

All asset classes across the board hit an all time multi-year high in 2017 and still continuing today. Just seeing how equities and indices are getting so high even now is causing a lot of investors to realize the inherent risks and start to be more cautious against their risk exposure and that's where GOLD comes in.

We're in a periods of heightened systemic risk so when there global financial market correction is triggered, your portfolio hedging with GOLD is a must! That's why we're seeing how the price of GOLD is being pushed higher in a short time-frame faster than most would've thought!

I do believe that GOLD will go even higher this year 2018. Do remember that Gold price used to peaked at US$ 1920.94 in September 2011 so there is always room to grow.

Tonight good news loh..!!

Whoa..! Bornoil added another 38,000 oz of Gold contracts in the month of December. This is the single largest monthly increased inventory since it started to buy Gold contracts in February 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

Gold price in the month of December 2017 recorded in the range of between 1236.66 - 1307.55 so easily know those purchased contracts made paper profits by now with Gold hovering around US$ 1,351 now.

Now Bornoil has 126,500oz x US$1,351 = US$ 170,901,500 dollars !

That is equivalent to about MYR 661 millions worth of liquid gold contracts....!! Yaohooo...!!

Its shares buyback programme is also continuing.... with 124,396,000 treasury shares now!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5677117

Safe to claim that Bornoil is the only listed company in Bursa to have such a massive amount of gold related holdings....!!

WB expiring.....

Last Date & Time for Trading : 09/02/2018 05:00 PM
Date & Time of Suspension : 12/02/2018 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c : 28/02/2018 05:00 PM
Date & Time of Expiry : 28/02/2018 05:00 PM
Date & Time of Delisting : 01/03/2018 09:00 AM

Dumb dumb hold also TRIPLED UP your money mah...!! Mining still its biggest earnings contributor so far and Gold broke last year's high price. Its mining arm could get a strong boost with heap leaching and that is the reason why it invested heavily into HL for the past year. Always remember these 3 pointers:

(1) GREEN ENERGY: The Biofraction Vetrolysis Plant in Lahad Datu is expected to be completed in December 2017 and will commence test runs in late January 2018.

(2) GOLD MINING: The Heap Leaching Pilot Project will have its first trial run soon, after a delay of almost nine months due to metallurgy testing.

(3) CEMENT PLANT: An estimated 2.0 million tons of non-marble limestone have been produced through the extraction of marble blocks and the same is an ideal feedstock for lime-based products. Once the various processing plans are finalized and if agreed to be implemented by the Division, relevant announcements will be made.

Celebrate loh...!!

80 mil esos is peanut when u know this company is undervalued with prized assets and a breakthrough technology yet to be revealed to the world!

Let's hope our infamous critics chan9301 can comes out tonight or tomorrow with more cocks & bananas during his BARKING and WHINING sessions later. Wakakaka....

Whoa...!! Gold rose to US$ 1366.06 and now around US$ 1360 loh...!! Cantek...!!

With 3 main pillars of the company making due announcements, that's easily 20 sen a piece is already making it a billion ringgit market cap company....a rough diamond taking shape...Yaohooo..!!

(1) GREEN ENERGY: The Biofraction Vetrolysis Plant in Lahad Datu is expected to be completed in December 2017 and will commence test runs in late January 2018.

(2) GOLD MINING: The Heap Leaching Pilot Project will have its first trial run soon, after a delay of almost nine months due to metallurgy testing.

(3) CEMENT PLANT: An estimated 2.0 million tons of non-marble limestone have been produced through the extraction of marble blocks and the same is an ideal feedstock for lime-based products. Once the various processing plans are finalized and if agreed to be implemented by the Division, relevant announcements will be made.

A sleeping beast....don't wake up the kraken just yet

Just look at the USDCNY now thrashing down heavily....the Chinese is making a move to dethrone US Dollar this year loh...!! China central bank has US$ 3.14 trillion at its disposal. Richest country of the whole wide world! Just a direct order from the Top Leader of the Communist Party can cause the Gold price to rise up like the Chinese economy loh...!! CNY coming...!! Angpao...!! Golden dog year!!

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves
https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves_(excluding_gold)
http://www.euronews.com/2018/01/07/china-december-forex-reserves-rise-to-3-point-1-trillion-highest-since-september-2016-central-bank

Since China has been so aggressively buying up as much Gold from around the world, this will be the best asset class in 2018 loh & the Chinese loves the number 18 meaning SURE PROSPER....!! When all the asset classes gone down just like the bricks and mortars where the Chinese goreng up for years...now it's the time they shift their attention back to its century old safe haven asset class...solid GOLD...!! Yaohooo....!!!!!

The historical record high for Gold was US$ 1,920.94 on 06-Sept-2011.

Now Gold price is US$ 1,363 Yaohoo....!!

(1) China is starting "CRUDE OIL FUTURES CONTRACT" priced in YUAN and convertible into GOLD. So oil exporters and buyers around the world will be trading their trade contracts in this particular futures on the HK and SHANGHAI EXCHANGES in 2018. This gives the fall of the PETRODOLLAR and the rise of the PETROYUAN.

(2) China is already the world's largest importer of Gold bullion and banned all its local gold mines from exporting gold. China has major plans to push up its YUAN exchange value by slowing down the purchase of US treasury notes hence a trade war with US and already started to change its economy from EXPORT-oriented into a DOMESTIC-DRIVEN economy!

(3) Central banks around the world are starting accept and to increase their holding of foreign reserves in YUAN denominations. This is rapidly seen in Europe's ECB for EU is second largest trading partner with China.


Now! Which companies in Bursa has the largest holdings of GOLD be it physical GOLD from its Pahang gold mines or its XAU gold trading contracts amounting to 88,500 oz worth US$ 117 millions? HEAP LEACHING coming up this year is boosting its production. An undervalued best proxy or alternative to trading Gold contracts yourself loh...!! Yaohooo....!!

Gold price is now around US$ 1363 loh...!! WoooHooo...!!

For real physical Gold demand and how to use it, there are good reasons why u should buy more and keep GOLD in 2018!

https://www.rt.com/business/416838-gold-kilobars-standard-coming/

Slowly u are seeing how Gold is being used as COLLATERAL especially in ASIAN Exchange Markets.

The chan9301 is giving us cocks and bananas again. His/her job is BARK and WHINE about things and WISH US GOOD LUCK everyday! Gold is heavily rising now oh....!! Yaohoooo....!!

Gold trades earn way better than lousy FD.

Right now the bidding up for Gold in the spot market is going crazy. The bidding goes wild outbidding the rest of those who placed their bids. I can see by tonight, the Gold price will record another new highs again.

Last year on the 08-September, Gold price peaked at US$ 1357.50 and last night it reached US$ 1362.06 which is very impressive under 4.5 months period.

Recent low bottomed at 1236.32 (12-Dec-2017) and rose up to 1362.06 (yesterday) representing an impressive +10.17% appreciation under a 1.5 month period.

I like the last statement very much...

http://www.valuewalk.com/wp-content/uploads/2017/09/Warren-Edward-Buffett-quotes-1024x1024.jpg

"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is MARKED DOWN." - Warren Edward Buffett

https://www.gold.org/research/relevance-of-gold-as-a-strategic-asset

Large yet scarce
The gold market has two attractive features for investors: scarcity supports its long-term appeal. But the size of the market is large enough to make it relevant for a wide variety of institutional investors – including central banks.

We estimate that there are approximately 190,000t of gold above ground worth more than US$7.6 trillion. Mine production adds approximately 2,900t per year, equivalent to an annual 1.6% increment.

https://www.gold.org/research/gold-market-2018

Why u use so many ID to comment ah? Tell us why

Early morning saw the Gold price hits US$ 1362 overnight is very good mah..!! Why u still grumpy leh?

I see Bornoil has so much Gold holdings worth US$117 millions = MYR 455 millions (based on 3.89 exchange rate) makes me salivating.....Not a small amount. Which company in Bursa holds so much worth of Gold leh?

I knew it. This chan9301 is a grumpy shareholder who lost his patience. Why are u worried if the share price not yet trend up? This is your only golden chance top up and accumulate more of its shares before the TOP THREE CATALYSTS making real MILESTONES and thundering ANNOUNCEMENTS in 2018 mah...! Pending items in the pipeline:

(1) GREEN ENERGY: The Biofraction Vetrolysis Plant in Lahad Datu is expected to be completed in December 2017 and will commence test runs in late January 2018.

(2) GOLD MINING: The Heap Leaching Pilot Project will have its first trial run soon, after a delay of almost nine months due to metallurgy testing.

(3) CEMENT PLANT: An estimated 2.0 million tons of non-marble limestone have been produced through the extraction of marble blocks and the same is an ideal feedstock for lime-based products. Once the various processing plans are finalized and if agreed to be implemented by the Division, relevant announcements will be made.

This chan9301 has nothing better to do everyday but BARKING and WHINING..!!

Whoa! Jackpot loh...!! Gold keep rising up loh...!!

Trending higher to US$ 1353 now...!! WoooHooo!!

Bornoil has operating gold mines

Hmm....where are the regular guys chanting "soar high up" everyday leh!? Now suddenly got this loser comes out barking fiercely Woh,.veli scared oh....wakakaka

Today Gold price shoots up and this loser comes out to do just one thing....BARK & WHINE..!! lol!

Gold rises to US$1350 now...!! Yaohoo...!!

GOLD rises US$1347 now....! Yaohooo!

Let's see....u calling karma on others is "CIVILIZED" ??? That is threatening and harassment

When u are not tuned in or paying attention to what I'm saying and u got it wrong messed up with what I'm referring to...this basic spot, read & reply "accordingly" also u couldn't manage? Better be a clown ya! That was why I issued the following statement to wake up your messed up bird brain!

"I mentioned the pioneering tech is on the Biofraction vetrolysis plant under the GREEN ENERGY not its MINING division. What an idiot! this chan9301"

I've given u good hints loh...this year 2018 will be a good one where major announcements will be made accordingly. You dumb dumb hold also TRIPLED UP your money mah...!!

wan, do u really think bornoil needs any such capital injections or investments from those fund managers that u mentioned when the company has a solid backer like Hapseng and its associate companies/private investment vehicles? Hapseng being a listed entity with 24bil market cap has its own financing arm supporting its various sister companies.

If u don't understand the Gold industry, no one will say u are dumb rather than giving the wrong fundamental ideas or explanations. Why does the company invested huge sums in the Heap leaching in the first place? Study the method before u embarrass yourself again. If u don't know that the global demand for real physical Gold has always been outstripping the supply for many centuries or just like forever, then u can continue to be a noob. This year Gold price will be charting to new record high.

Gold rises US$1343... let the dog and those angry birds whine about on their own! The chihuahua misunderstood the whole thing! He totally messed up!

I mentioned the pioneering tech is on the Biofraction vetrolysis plant under the GREEN ENERGY not its MINING division. What an idiot! this chan9301

Bornoil is not for small didi one...if ur gg is smallish, it also means ur balls are the size of pingpong so u not suitable to hold or trade the toys of the big boys loh...!! U must know Bornoil is the beloved toy of the big boys mah..!! Hahaha! This is a low profile undervalued CONGLOMERATE waiting to rise up in 2018 mah...!! The year 2018 is veli good fengshui because it sounded like SURE PROSPER mah...!! Watch out for some THUNDERING NEWS coming your way loh...!! Dumb dumb hold also TRIPLED UP your money mah...!! Huat huat loh...!! Yaohooo....!!

Told u hold tight mah...when catalysts given green lights to announce shake-up news...u will not see this low price loh..!! The cycle starts 1H 2018 mah..!! Wakakaka

Why u lose until pants also burnt in pezzo's oven? That tells me u are a wannabe "soar high" ah boy loh..!! Still undergoing puberty? No problem...when u eat more sugarbun, u will grow up loh..!! Eh?! the regular daily "soar high" ah boys where is it? U burnt ur pants...next u burn ur brain. Be my loyal creature. Btw, gold price veli cantek mah...!! Yaohooo...!!

The dog so loyal to its master? Whenever I call, it must respond BS. Anymore of your cocks and bananas?

The creature always respond to its master by barking. Anything else chan9301? If u have nothing meaningful to say, just be quiet & no one will say u are dumb

Whoa..!! First thing in the early morning and saw Gold price rises up! So happy! US$ 1341 now

At the meantime, let's rejoice for Gold price is on the rise again...and we're waiting for the Monthly mining production report due this week!