Borneo Resource Investments Ltd (BRNE)

[Smokin1000]

LET"S GOOO $BRNE

[abazaba375]

Added a starter

[Backstabbed]

Looking good and ready for next leg!

[Backstabbed]

Booom! Setting up for a major boom! $BRNE

[Backstabbed]

nice accumulation so far

[Smokin1000]

I think we have a player ................. Let's Gooooooooooooooooooo

[Backstabbed]

Nice SS! dipped my doodle for a few shares

[wingtrade]

Im down a significant % on my shares here but not worried. When they release details I think this one could be a huge runner. Gltu in 2022

[BP Profits]

Shares sold where? Share structure was updated on 12/22 and shows no change.

[SmittyInvestor]

Yes, agree, waiting for his update on the trip, hopefully he put together some plans or even deals for the lithium mining.
They are a favorable trading partner for the USA which will help access to alot of resources to mine this as well as other metals.

I bot earlier because I thought he would have had announcement by now. I obviously played that wrong as it looks like some bills were paid/shares sold. It looks like that is finished as volume has been weak.

At this time he might as well wait until new year to make announcement.
He is suppose to go back in January so hopefully we hear before that.
Buy more to average down, I think is may be another base.

[wingtrade]

Weird stock! Should be way higher. One update and this is straight to silver possibly way higher. Holding...

[coiffure]

To Anyone: RE Indonesia
Will the volcanic eruption affect BRNE.

[coiffure]

Thank you SmittyInvestor for the insight.

I also agree with your previous comment on share issuance.
Balancing share issuance vs perceived market value of what
will be (maybe) put through BRNE will be interesting.
So expected share price could be anywhere. IMO

[SmittyInvestor]

Per a mining/financial podcast interview on Baru he was going there in Nov and returning sometime in Dec.
My opinion is while he is over there he would do something on brne. If he does something I would hope he would keep the shareholders up to date of any progress. I am hoping for some news before the holidays?
Also in the interview he said he would be going back in January for an extended period, 4-6 months possible.
If that happens then my guess is there is something happening and he could share news.

If no news by end of Jan then I would have to walk from this one. It seems like many things have been put in place and becoming pink current, there should be potential on this sub penny stock. It would be a problem if we are not keep informed.

One positive is thru 10/29/2021 per the Q3 report there was No Dilution in shares.
Hopefully any selling now is past holders getting impatient.
Or maybe he is starting dilution to pay some bills which means he is working on a lithium project as his Profile states.

[coiffure]

Question To Anyone ...
Does anyone has an update of the Indonesian trip.

[Liquid1974]

Merger season is fast approaching for the OTC! $BRNE

[wingtrade]

I agree with that assessment smitty. Did not mean that you predicted when they will release... just making clear that they are not part of the market cap until such time as they are issued. Ideally I would like to see the shares used intelligently in exchange for assets and production deals that bring accretive value into the company. Gltu

[SmittyInvestor]

Hi wingT, I dont believe I predicted when they will release the settlement shares, only that they will at some time, my belief is they will do it when its in the best interests of the company and those debt holders.
Agree if they just dumped them, especially now, the price would tank and they would be sitting on those shares a long time to make back money. That strategy would make No Sense.

The opinion I laid out was for them so build this up a little before diluting the stock/outstanding shares.

In interview for Baru Gold Terry said he is going to Indonesia for a month, back in Dec. My hope is that he can put some plans in place for a lithium play. he has the contacts and some history with mining in Indonesia. That is why I believe he set this up in the beginning as stated to OTC Markets, as a lithium play.

He also said he is going back in January for a couple of months.
I bot in with the expectation there will be news in Dec. and then later in 1Q when he has a chance to work the plan.
Lithium news will move this stock.

[wingtrade]

SmittyInvestor... no random OTC trader without inside info can possibly know exactly how or when the O/S may increase. Until company filings and/or news is released with these details. Market cap is calculated based on O/S. But the receiver can't just dump billions of shares out of the blue. For two reasons. 1) affiliates cant dump restricted shares willy nilly because of Rule 144. And 2) If they did then the stock would be at no bid before they could sell even just 1B shares with no news. I am holding this one because it is a lithium play with a tiny O/S. The rest is up to the company how they proceed. All jmho.

[SmittyInvestor]

Terry, hoping you have a great Indonesia trip and find many opportunities for Borneo. We welcome any news you can make public.
Good job on bringing this current Pink.

There appears to be many resources in the investment community so please reach out if you need help.

Thanks for the lead Benosufan

[benosufan]

Filbert has posted here in the past. He has mentioned the conversions. It will happen. Then a RS is highly likely IMO. 10 billion shares is a lot of OS shares....will dilute any value in whatever company they setup IMO. If there is a new company they will not want 10 bil outstanding...will likely need shares to raise funds. The filings say the debt will be converted to unregistered/freely tradable shares...NOT restricted. So I don't know how you can expect them to just hold 10 billion shares that will be converted at the price of .0009. The filings say there were 13 claims totaling debt over 9 million dollars. Doesn't say who those 13 entities were. I don't think Filbert is one of them....he was appointed as the receiver in 2016. would be a conflict of interest if he was a debt holder IMO. He was the reason I accumulated lots of trips knowing his involvement with other successful companies. He will likely bring in a good company...but he has to deal with the debt conversions first. Read his posts.

https://investorshub.advfn.com/boards/profile.aspx?user=478844

https://www.otcmarkets.com/otcapi/company/financial-report/308878/content

NOTE 2 – LEGAL PRCEEDINGS
On October 29, 2015, a default judgement was executed against the Company by two claimants for $1,482,276 for unpaid notes payable
and attorney fees by the Superior Court of Washington for King County, Case No. 15-2-20783-1-SEA. On February 24, 2016, this court
appointed Terrance Filbert as Receiver. After two years of unsuccessfully attempting to resume the Company’s business operations in
order to satisfy the judgment in this case, the Receiver proposed to convert the Company’s debt into equity to (a) satisfy the judgement,
and (b) reorganize the Company to allow continued business operations for the benefit of the debt holders and shareholders.
On December 5, 2018, the Nevada District Court in Case No. A-15-728991-C (the “Order)., approved the Receiver’s plan to “convert
valid claims and debt owed by Borneo into shares at a conversion ratio to be determined by the Receiver following submission of claims”
The Order provided all claimants and creditors 45 days until January 25, 2019 to submit proof of claim to the Receiver. On January 25,
2019, the Receiver had received 13 claims. Following review and investigation of the claims, the Receiver determined the validity of
claims amounting to $9,157,715, including principal and interest. The accounts payable, notes payable and accrued interest for
$9,157,715 were reclassified to settlement liability during February 2019 in the accompanying consolidated balance sheet.
On February 25, 2019, the conversion price for the claims was set at the market price of $0.0009 per share. This amounted to
10,175,239,689 shares needed to satisfy the Claims. The Company’s authorized share are 400,000,000 with 319,336,594 issued and
outstanding. The Receiver’s plan is to amend the Articles of Incorporation to authorize additional shares. The Receiver intends to
issue the shares based on Section 3(a)(10) of the Securities Act of 1933 to issue the shares exempt from registration and may be freely
traded in the Market. On June 14, 2021, the Company amended the Articles of Incorporation to increase the authorized shares to
14,400,000,000 shares of common stock. As of September 30, 2021, the Company has not issued any shares under the court Order.
11
Mr. Filbert, the Receiver, is now an officer and director of the Company with the authority to satisfy the judgement in the case and
reorganize the distressed and insolvent Company to provide value to the existing shareholders and claimants so the Company may
continue without judicial oversight.

[SmittyInvestor]

Great weekend to you, Not sure how there would be situation where not all shares are activated?

on pg 2-3 of annual report the judgement was for 10,175,239,689 to the debt holders. AS was increased on June 14 to 14,400,000,000 to accommodate these shares. Terry is the receiver and the one who is executing all of this so he can determine when this happens. My assumption is he is one of the debt holders, but trying to confirm this. When they release/activate the shares then there should be a formal announcement and then a statement of ownership to say who owns these 10bil shares. That will be telling as I assume they will mostly be people familiar with mining, thus they will know the plan Terry has which will be to INCREASE the value of the company. Knowing that there should NOT be any big dump of shares to bring down the price.

The judgement has been around a while and the company could have just died, but it didnt because there are interested parties who want more out of this. Terry is their ticket to make the mining company work. I believe Terry has the contacts in Indonesia to create a mining company. The question may be when will the debt holders want to cash out. They have waited a long time so my bet is they will wait another year or two until this company has a good foundation and is actually doing mining.

Again in reading this there will be 10,175,239,689 (debt conversion) + 319,336,594 (current shares) = 10,494,576,283 shares outstanding after they are activated by Terry.

Please let me know if I am reading this wrong or mis-interpreting the info in the annual report.

Other positives are there are a low number of shareholders so most of the existing 319,336,594 shares are probably held by people interested in seeing this grow or have long term interest. (assuming not too many traders are going to be in this now)

any selling now is probably some people that need a few dollars and people who are doing work on this like lawyers, accountants, clerical staff, etc. to set this company up to move forward.
My conclusion is there is a very low float trading and that should remain so expect a good swing up if there is news.

Knowing this all I am a buyer now

[coiffure]

Reply to Post 9732 (Smittyinvestor)
I appreciate and acknowledge your logic and calculation.
But there are scenarios where not all the shares are issued.

So, assume a market cap of $100 million, but 1.3 billion shares are
issued, then the market price should be 0.077 cents.

You feedback on my logic will be appreciated.

[SmittyInvestor]

wingtrade & coiffure
I welcome feedback to my post # 9732
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166156730
Annual report info

Please provide any confirmation on this or info that would contradict this. I want to be correct on what I am saying.

I believe the outstanding shares at some time will go to over 10billion so I am adding those into the current outstanding shares to come up with my total market cap.
Again welcome any info, hoping I am wrong however I see this judgement as something that is coming.

As mentioned in some other posts I still see upside at this stock price if Terry can execute a deal to start lithium mining in Indonesia.
Thanks for your feedback

[Liquid1974]

Added k

[wingtrade]

Market Cap $1,405,081 10/29/2021

https://www.otcmarkets.com/stock/BRNE/security

Market cap is micro absurdly tiny less than $2M
BRNE at $100M mkt cap would be $.30/share!!

[coiffure]

To SmittyInvestor,
Thank you for your post and insight.
Can you clarify something for me.
BRNE closed at 0.0044, so based on that number, what is the market cap today, Oct 29, 2021.
Thank you in advance

[Liquid1974]

Stack candles stack 30 minute chart..

[SmittyInvestor]

Thank hardlesson for this info
https://www.proactiveinvestors.com.au/companies/news/964656/lake-resources-initiated-by-euroz-hartleys-with-a-price-target-of-1-28-964656.html

Talks about another lithium miner who is just getting started, great valuation and they havent mined yet, meaning the valuations are high for companies playing in this space. Money is going into this metal and all miners are being financed.

Actually mining stocks have been & will do well with commodity prices going up. They love inflation which democrats love creating.

brne is realistically sitting at $42mil market cap as a current pink with no news. When they come out with some news on their mining plan (my guess is late Nov or early Dec) this stock should move to $100mil cap. So opinion is this will hit .01 by end of year. For me, a double in 2-3 months is a good trade.

From there I can re-evaluate the news.

[wingtrade]

Big potential!

aggregator of proven EV metal and natural resource concession assets

[SmittyInvestor]

What I think will happen is brne will do deal with another miner to take their lithium for processing. Other miners are working on gold & other minerals, do not have time to mess with processing lithium. I would expect a partnership where they set up a plant next to another miner to take their lithium and pay them a royalty or fee. win-win

If they went ahead and developed a complete mining operation they would encounter gold and other items. Better to work with existing miner who doesnt care about lithium.

Terry knows the players in Indonesia, he has done deals in Indonesia before, partnership would require less funding than a complete operation even though he has funding sources

[wingtrade]

Found this:
https://ugrg.ft.ugm.ac.id/articles/geothermal-brine-indonesias-natural-resources-that-has-the-potential-to-be-an-alternative-source-of-lithium/

Indonesia is located on the path of the pacific ring of fire with 129 active volcanoes. It causes our country to have abundant geothermal resources. Geothermal potential of Indonesia is estimated at 29 GW, or 40% of the total potential in the world (Henuk and Halawa, 2016). The manifestations of geothermal are in the form of fumaroles, the land of steamy hot, sintered silica, alteration hydrothermal, and hot springs which can be found in mountainous regions (Hariyanto and Narendra Robawa, 2016). In Indonesia, geothermal energy is used to generate electricity. The process of electricity generation starts with injecting water into the bowels of the earth. The water will be heated and evaporates partially into steam pressure. Steam and water from production wells are separated using a separator. Then, steam drives the turbine and subsequently run the generator to produce electricity. While the water that is called brine is not utilized, so it’s directly returned to the bowels of the earth (Kusuma et al., 2018). Some researches showed that the geothermal brine contains several precious minerals (Si, Li, K, etc.) that should be utilized. Dieng, one of the geothermal sources in Indonesia, possesses lithium concentration of about 40-60 ppm (Pambudi et al., 2015). Based on those facts, it is proved that geothermal brine can be used as an alternative source of lithium in the future. The next question would be, what kind of technology can be applied to recover lithium from geothermal brine?

[wingtrade]

Do you know if Indonesia have any lithium brine resources? BRNE happens to be a great symbol if they explore Lithium Brine at all (BRNE is pretty close to BRINE)

[wingtrade]

Thank you! Exciting times for the EV space, and to have a junior lithium player under $2M market cap is pretty much unheard of. I hope they come through with some solid plans and execution, and careful/targeted share structure management... if they do then the sky is the limit.

[sysdoc]

Looks like a good dip coming our way. Will be good opportunity to load while we wait a few more months for updates from the company.

[SmittyInvestor]

Picked up some info, Terry is going to Indonesia for a month so the assumption with that is he will be doing something over there with BRNE.
He will be back in Dec so I would guess we will hear more about plans and deals in Dec.
Would be nice if he shared some ideas before he left.

He also said he will head back to Indonesia in Jan for a couple months. Again hopefully some of that time will be spent on creating some value for BRNE.

Other items were he mentioned it is easier to do mining, get permits, get workers and its cheaper to mine in Indonesia. Lots of mining currently going on there so the country is good for projects.

[wingtrade]

PR time BRNE why wait, let’s see this to where it belongs .10 on lithium news!

[wingtrade]

BRNE mkt cap under $2M it's a joke

[wingtrade]

1 solid PR update and BRNE could go straight to silver .05+/share. Waiting game until the company says or does something.

[wingtrade]

I can’t believe ppl sleeping on this one. Sure there’s a risk they are irresponsible with the shares, but that’s ALWAYS a risk on OTC. This is a lithium operation with experienced CEO in charge here and the mkt cap is in the low single digit million $ range. Silly. Trading at the value of an empty shell basically. Hopefully they drop a PR and wake up the market.

[wingtrade]

Nice BRNE lithium is power

[SmittyInvestor]

Low float now so this will move with the volume, easy double today
Many long term holders from couple years ago waiting to make their money back. I am predicting the number of shares available are much smaller.

Would be good to put in sell order after your buy to minimize the short available.
anyone short this picked the wrong stock because of the share structure, this will run until they create some news

news will probably be on lithium mining plans as stated

Borneo Resource Investments Ltd. is an aggregator of proven EV metal and natural resource concession assets in the Republic of Indonesia.

[Longer Than Most]

BRNE pink current, looking good

[Cronussaturn]

Yield sign removed, Pink Current
https://www.otcmarkets.com/stock/BRNE/security

[sysdoc]

@Homebrew... Good info. Appreciate it. Thank you for sharing. I will be sure to bookmark this site for future reference. Thanks again :)

[Homebrew]

That crooked Click-Bait site intentionally misrepresents meaningless intra-day order processing VOLUME as shorts.

Short INTEREST are open short positions needing to be bought back at some point in the future.

https://otce.finra.org/otce/equityShortInterest

"...Otcshortreport..."

[sysdoc]

https://otcshortreport.com/company/BRNE

[Liquid1974]

Waiting on “ Regulatory Approval”.. Then SHE BOOM… IMO

[Liquid1974]

Nibbling here.. HOLDING

[SmittyInvestor]

You have a broker that plays penny stocks? I would like to know them.
Or are you looking for a brokerage house such as TD Ameritrade who has processed all my penny trades very well. Actually get some good buy/sell prices when there is an advantage off the limit price that needs to be put in.

I am full up on this one so waiting for the Pink Current sign even though all paperwork is filed.
Then will be the news on a mining plan which again should draw some interest.

I think terry will hold the release of extra shares until the stock price has a good base over .01. Any selling now by the company should be minor to pay the lawyer/accountants.
Previous shareholders & the debtors will be in this for the longer term play otherwise terry would not have taken receivership of this project. They want to do a lithium mining deal in Indonesia. If they do their PR correctly this will be a very good investment at these levels