Just wonder why you guys keep talking about PN17. In my personal opinion, Bornoil does not seem to be a candidate as it has ongoing businesses, clean balance sheet and very little debt. It has fixed assets in lands in Sabah. Please take a few minutes and read through their financial accounts including the notes to the account.
Today, Datuk Ambrose Lee bought 17.85mil shares. His direct shareholding increased to about 2%. This must be a very very cheap buy for him (averaging at 1.5 sen a share - dirt cheap). Shall we follow him and sapu all those cheap shares tomorrow - if still available at 1.5 sen?
I follow Datuk Ambrose Lee - bought some just now at 1.5 sen to hold. I guess when the limestone business picks up, share price should improve. I believe the share price is near bottom already, so we can go bottom fishing a bit.
Company will slowly2 push up price. By next month they need to start limeatone project. So they have no choice. Push price up . At least new shareholder got confident to invest.
Near bottom?? Every year also near bottom. I kept this stock since 2016. My cost is 0.13sen. I cut loss some go to Netx. No matter how low, I will not touch again.
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....
godisblind
92 posts
Posted by godisblind > 2020-03-18 15:19 | Report Abuse
steady boy