definitely lowest price within last 52 weeks as nosh already inreased by 50%.... if not bornoil at least 0.0225 and above.....integrity in doubt... TAYOR....
lehubeng@ cronies likely acq bornoil at less than 0.01 next week.... 2 days ago -------- 0.005 ( half sen ) is comingg WD to be COFFIN / DEAD RAT BeCare full
latest 20% pp just raise roughly rm25 million for bornoil.... bornoil will fundraising to expand business venture (rm40 million for 20% makin teguh share ) to offer cronies new pp for cronies with even lower price....
previously rm1.743 million for 1 % makin teguh share..... now rm2 million for 1% makin teguh share....pay 13% higher..... director pandai-pandai, acquire other company share with higher and higher price , and offer own pp at lower and lower price.....
On 27 July 2023, the Group entered into a Sale of Shares Agreement ("SSA") with Global 2332, allowing BOB to acquire an additional 25,215,767 ordinary shares, equaling 20.00% of the current equity interest in MTSB, for a purchase consideration of RM40 million.
https://theedgemalaysia.com/node/677634 Frankly Speaking: Market regulator flexes muscles The relaxation of rules on private placement and rights issue ended on Dec 31, 2022.
Posted by SincereStock > 2022-12-20 12:53 < original post not yet delete "bye bornoil at 0.025. sold at loss (average cost 0.028), stock is cheap and good but what to do majorshareholder want to sell pp even cheaper. accept my mistake here and move on to other opportunities. check out SURIA"
wow you guys (naysayers of this counter) still so rajin saving the newbie here, I used to be fighting against you guys while I am still holding shares 1-2 years ago, time proven you guys are right here (2 straight negative QR already & no more sign of business life), but just want to say really salute you all doing this job free. while myself only promote counters that I am holding share at the time, and not naysaying counters I don't hold any share just to save newbies
Very misleading....PITY especially to innocent newbies BORNOIL must chenge to GONEOIL Where is OIL ?...shame - nothing , what they have is tomato sos , burger , benjo outlet TO Rest In Peace ( RIP ) soon
Are gold miners different from gold jewellers as gold proxies?
I was looking for Bursa gold proxies to invest in by comparing the returns from investing in gold vs investing in a number of Bursa gold proxies.
From 4 Jan 2019 to 26 Aug 2022, gold appreciated by 8.5 % CAGR. The returns for the 4 Bursa companies for the same period are shown in the table. Refer to https://i.postimg.cc/8k0dP5ST/Table-4.png
You can see that only Bahvest return was lower than that for gold. Bahvest is a gold miner whereas the other 3 are gold jewellers.
In the context of proxies for gold, gold miners are typically considered a more direct and volatile proxy for the price of gold. When the price of gold rises, the profitability of gold mining companies often increases significantly. However, their performance can also be affected by factors specific to their operations.
Gold jewellery companies, on the other hand, are influenced by both the price of gold and consumer demand for jewellery. Their financial performance can be influenced by factors such as fashion trends, and marketing strategies. Their performance may not always correlate as closely with changes in the gold price, making them a less direct proxy for gold.
Moral of the story? Invest in the Bursa gold jewellers rather than gold.
What about Bornoil? The company had announced its gold reserves in May 2022. But there was no reporting of this being in operations in its 2022 Annual Report. So until it gets gold out of the ground, you should not consider this a gold proxy.
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....
speakup
26,985 posts
Posted by speakup > 2023-07-18 21:20 | Report Abuse
for most company in bursa, insiders will use good news to push up (goreng) shares. But Bornoil is different. Ada good news tapi still impotent