Waiting a very good news from bornoil, when will u really wait up? Hoho, this stock really really need a lot of patience, not easy not easy.....really not easy, hahaha
Ricky, that shouldn't be a concern at all. Bornoil's majority bottom line is contributed by XAU trading with over 90% out of total. The current XAU rally is seriously giving it an upper hand already. It's share price will go higher once next 2 quarters start showing more of that trading profits.
The "basic materials" sector will be the one that real smart investors stay invested. Mining & related stocks will be experiencing boom & rally. Raw materials used for "infrastructure building" and "wealth preservation" are the ones u should watch very closely.
That is the reason why I chose Bornoil to park my funds into because it's main catalyst "limestone" is used to produce cement for infrastructure projects while it's "gold" is aimed for wealth preservation & hedging against various risks. Uniquely one of its kind of company listed locally.
hahaha....sales my id is bruce551133 not bruce991155... :-D yes, today vivocom got good news, but if u read that annnoucement in details it mention " Final Agreements" pending signing, but i hope monday can fly... :-D up up up...bornoil + vivocom... :-D :-D :-D
Anticipate a favourable coming budget this Oct 2017 on contruction, property , more personnal tax relief packages but higher sin taxes on gaming and liquors etc.
Hap Seng and Hap Seng Insurance is the single largest shareholder of Bornoil.. Under their ownership, Bornoil has gone into gold mining and gold hedging.... Will they in the long run make Bornoil become like Hap Seng....a billion dollar market cap co?
World currency competitive devaluation and currency manipulation issues, Trump talks about gold pegged USD and market talks of USD reboot and China advocating IMF SDR etc. If USD reboot by pegging gold to USD10,000 / oz happens.....anything can happen......
Whine less & act accordingly if u want to benefit the gold price rally. The very main reason that I'm bullish on gold besides the geopolitical factors, it's the oil producing nations are starting to trade their oil for chinese yuan currency convertible to gold. Venezuela has ceased trading their oil for USD but Yuan.
What was once valued in pennies are now being categorized as bluechips such as Hapseng, PBBank, Nestle, Digi, Bitcoin, etc. Companies having strong economic moat are the ones u should be seriously looking at. I always keep the following sentences in mind whenever investing for long term.
"A good example of a competitive advantage would be a low-cost advantage, such as cheap access to raw materials. Very successful investors such as Buffett have been very adept at finding companies with solid economic moats but relatively low share prices."
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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....
MoneyNotEnough
1,108 posts
Posted by MoneyNotEnough > 2017-10-13 15:35 | Report Abuse
Tq Mdnizam, I still put my money to good management and profitable company although they move very slow.