currently mother share is RM0.19, after expired should be adjusted to RM0.13 in price.
IF... for warrant C, exercise price RM0.11 will adjust to RM0.075, it means will have RM0.13-0.075 = RM0.055 in price.
if you have 1 lot WC at price RM0.09, after expired will be 1.5 lot at price RM0.06, normally people wont sell at RM0.06 but higher. So warrant holder may consider to keep without conversion.
Gold price is on the way up - and today rose to USD1,242 per oz. Gold will continue to rise on the back of lower USD going forward. So it is very timely that Born Oil shares will have to move up. We are just waiting for the ex bonus date where the ex price goes down to 12 or 12.5 sen. Then it starts to move up fast. Warrant is so cheap at 7 sen. Th next quarter result will be good as the value of its gold inventory will lift up to provide higher earnings. Also the Annual Report will have to be issued out soon and we know there is going to be plenty of good story lines. This is one counter that is going to making many people rich. Just imagine if gold price goes above USD1,300 per oz. Very exciting counter. It is one and only one company that plans to distribute a significant amount of its reserves (revenue + Capital) to reward its shareholders. Dividend is not important. The number of shares given for loyalty is ..............
SHQuah,Bonus issue is nothing to do with the results. The motive of the company to declare all the bonus issue is because the company want to fully utilise the share premium account and capital redemption reserve as the amendment of the companies act mentioning all this accounts will become part of the share capital by given a 24 months grace period for company to implement.
How to get the bonus issue and free warrant-D? need to fill in anything? or automatic one? Between, I'm using Maybank... Newbie here, scroll all the comments, but no one answer directly..haha
My Prosperity God, gold is moving up every day and now USD1,260. Now with Trump's problem, gold will continue to rise on the back of softening USD. Good to go back to check the financial data of Born Oil gold inventory. Anybody know how many kilograms ??? Someone please convert oz to kilos and etc ....... = to Company's Wealth.
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....
Mmzai
138 posts
Posted by Mmzai > 2017-05-16 00:58 | Report Abuse
Onglai THANK YOU VERY MUCH.