if he don't sell all and keep 4% to not becoming major shareholders.. he just need to sell 148mil shares. that way he still can sell remaning 4% tomorrow at higher price.
Today transaction around 150mil, if today 62% is share selling mean already sell about 100mil, if continue sell mean one of the party will lose the control in EGM...
BHARO RESOURCES (BAHVEST, 0098, GEM) announced on Wednesday that several shareholders sent a letter requesting an extraordinary general meeting to remove the current managing director Datuk Law Wai Meng, directors Datuk Seri Mohd Kamal and Rod Young, and proposed the appointment of three new representatives.
The stock has since risen in price. Borneo Resources ended last week's trading last week at 40 sen on Friday, while the company's single Borneo Resources WA closed at 7.5 sen.
Borneo Resources' main business is mining and mining gold, silver and other metals in the 317.7 hectares of mining area in Tawau, Sabah. In the first three quarters of the 2023 financial year ending at the end of December 2022, Borneo Resources' turnover increased by 11% year-on-year to RM108.34 million.
However, the company only achieved a net profit of RM600,000 in the first three quarters, down 84% year-on-year. The net loss for the third quarter reached RM5.11 million.
Borneo Resources said in the results report that the third quarter was affected by the rainy season and production and higher costs resulting in losses. However, the company will continue to improve and strengthen gold production to boost performance.
Borneo Resources WA is still more than 1 year away from expiring, and its premium is not low at 26%. From a theoretical point of view, the ticket is not expensive because the historical volatility of the parent stock (49.9%) and the extended volatility of the ticket (47.6%) are not far apart.
RM 20.4 mil small amount only to them and not the important point, today share trade also already 40mil lol....just want to know who sell and who eat the huge shares........
The most important question in this fight is whether there is a lot of gold or not. If got no gold then no need to fight. If got lots of gold then will fight until death.
The price is now at a historic low. If there's gold, this is the best time to buy and just hold - Vincent's style of play. What goes down has to go up eventually. All the gold underground is not going to disappear. To win you have no choice but to follow Korek King's game.
Bought again today at 21.5 sens :) Happy Holidays everyone & enjoy the Bahvest ride... If there is an EGM make sure U go and see for yourself what Bahvest is all about. Don't just type there. Go and see with your own eyes. Everyone who has even 1 share can attend the EGM. At least U know who U trusting your money with :) ENJOY!!
Tmr is public holidays. Both sides will be busy doing horse trading and gathering support from friends, relatives and gang members. Friday, big fight will resume.
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....
nicholas99
9,863 posts
Posted by nicholas99 > 2023-05-03 16:46 | Report Abuse
16% i heard. around 200mil shares.