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borneo resource investments (BRNE) Snapshot

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06/23/14 - $0.70
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borneo resource investments (BRNE) Details

Borneo Resource Investments Ltd., an exploration stage company, operates as an aggregator of precious metal and natural resource concession assets in Indonesia. It has interests in a coal mining concession that covers an area of 6,000 hectares and is located in the Tanjung Area Basin, south east Kalimantan. It also has interests in two gold projects, as well as trades in precious metals and thermal coal between Indonesian groups and international buyers. The company is based in Bothell, Washington.

20 Employees
Last Reported Date: 04/22/14

borneo resource investments (BRNE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $240.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2013.

borneo resource investments (BRNE) Key Developments

Borneo Resource Mulls Acquisitions

Borneo Resource Investments Ltd. (OTCPK:BRNE) intends to pursue acquisitions. Nils Ollquist, Chief Executive Officer of Borneo, said, "For the balance of 2014 we are working towards bringing our two additional gold properties, at Ratatotok and Ratatotok Southeast, into production as we continue to assess additional gold properties for potential acquisition. We previously announced that we expect quarterly revenues and operating income to increase in the subsequent quarters of 2014 as better extraction rates, weather and efficiency at Ratatotok South are expected to lead to an increase in revenues and productivity. This most recent production run confirms this expectation."

Borneo Resource Investments Ltd. Reports Financial Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Subsequent Quarters of 2014

Borneo Resource Investments Ltd. reported financial results for the first quarter ended March 31, 2014. For the first quarter, the company’s revenues were over $380,000 compared to no revenue in the first quarter of 2013. Gross profit from mining operations in first quarter of 2014 was over $130,000 compared no gross profit in the first quarter of 2013. Revenues and gross profit in the first quarter of 2014 came in lower than the company expected due primarily to adverse weather conditions. Gross profits also declined on a quarter-over-quarter basis due to lower production and startup costs associated with the commencement of operations at Ratatotok South. The company expects quarterly revenues and operating income to increase in the subsequent quarters of 2014 as better weather conditions and improved operations at Ratatotok South are expected to lead to an increase in revenues and productivity.

Borneo Resource Investments Ltd. announced delayed 10-Q filing

On 05/15/2014, Borneo Resource Investments Ltd. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.


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Price/Sales 21.9x
Price/Book 21.4x
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TEV/Sales 19.8x

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