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ThinkEnv name change to Liongold Corp Post Reply Rate topic
risktaker Supreme	25-Nov-2013 12:27        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 1  Alert Admin	This is really bullshit if sgx/mas still take side on bloody goldman..... maixisuahlai      ( Date: 25-Nov-2013 12:11) Posted: Hi morning guys, i think interested investors in any of these 3 counters, especially big investors, will still want to wait and hear something coming out of SGX's and MAS' mouths, something concrete or black and white regarding this saga from their own findings before they dive in to push up the prices. I think investors' confidence has really been hit badly and i don't think they'll want to go through the " once bitten, twice shy" experience in case if SGX pulls the plug on them again after jumping in. Today i read business times on an article explaining why singapore market so bad while other markets like Dow Jones from the west and HSI from the east are rallying like crazy towards year end but neither of these good news from these markets seem to rub off our local market. They said that it was mainly due to our market's bad earnings reports and fear of QE tapering but hey come on we all know the real reason was really due to this incident. Ever since the collapse of pennies, it has already sent fear and shockwaves to our market. Don't know why media trying to divert attention to the real reason. Bui tahan. That being said, it was good to know the side of story from the directors so we finally get an idea what caused the plunge in prices. Hope SGX and MAS don't keep their silence any longer if they want SG market to revive again!!! It is very damaging.
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maixisuahlai Member	25-Nov-2013 12:11        maixisuahlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi morning guys, i think interested investors in any of these 3 counters, especially big investors, will still want to wait and hear something coming out of SGX's and MAS' mouths, something concrete or black and white regarding this saga from their own findings before they dive in to push up the prices. I think investors' confidence has really been hit badly and i don't think they'll want to go through the " once bitten, twice shy" experience in case if SGX pulls the plug on them again after jumping in. Today i read business times on an article explaining why singapore market so bad while other markets like Dow Jones from the west and HSI from the east are rallying like crazy towards year end but neither of these good news from these markets seem to rub off our local market. They said that it was mainly due to our market's bad earnings reports and fear of QE tapering but hey come on we all know the real reason was really due to this incident. Ever since the collapse of pennies, it has already sent fear and shockwaves to our market. Don't know why media trying to divert attention to the real reason. Bui tahan. That being said, it was good to know the side of story from the directors so we finally get an idea what caused the plunge in prices. Hope SGX and MAS don't keep their silence any longer if they want SG market to revive again!!! It is very damaging.
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shoutnovoice Member	25-Nov-2013 12:02        shoutnovoice About Contact  Quote this Post!
x 0   x 0  Alert Admin	And what abt innocent pple like us? Take it on the chin and love to fight another day? sharefrenz      ( Date: 25-Nov-2013 06:49) Posted: most likely court case scenerio: out of court settlement. this is just part of the game plan. at least hundred of millions already made. what's the tens of millions settlement ........ in this case, they don't hv to share their game plan to the world
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sharefrenz Member	25-Nov-2013 10:41        sharefrenz About Contact  Quote this Post!
x 1   x 0  Alert Admin	hi hi, all these r just part and parcel of the trading game. don't just think that GS is the only one playing against their clients. ask your brokers whether they do it. it is just part of their biz and they are the whales and sharks in this game. look at olam when it got shortist (whale) attention, another (whale) help to fight it. as long as their biz are real, the price will come back over next few weeks/months -   either another whale or sharks smell the meat (then price will move faster) or it just  naturally  find their own footings based on their own book/company value . the ikan billis like many of us here just need to how to play along or take cover ....
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spss1955 Master	25-Nov-2013 08:56        spss1955 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Bro, just think about it... how does one be the bully? Cos the other is weak, rite? So why are we weak? Cos we are stupid? Or greedy? Or both? Were the directors in ABL both stupid and greedy? Or were they smart at first but undone by greed when they let the lion loose in their den? risktaker      ( Date: 25-Nov-2013 08:00) Posted: Not so simple.... many deals fall apart because of the crashed.... the losses is in billions... more lawsuit coming at goldman ....because goldman is big we let them bully? spss1955      ( Date: 25-Nov-2013 07:57) Posted: Yep, very likely so. For us retail investors, we just want it to go away and the counters to reflect their true value
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risktaker Supreme	25-Nov-2013 08:00        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Not so simple.... many deals fall apart because of the crashed.... the losses is in billions... more lawsuit coming at goldman ....because goldman is big we let them bully? spss1955      ( Date: 25-Nov-2013 07:57) Posted: Yep, very likely so. For us retail investors, we just want it to go away and the counters to reflect their true value. sharefrenz      ( Date: 25-Nov-2013 06:49) Posted: most likely court case scenerio: out of court settlement. this is just part of the game plan. at least hundred of millions already made. what's the tens of millions settlement ........ in this case, they don't hv to share their game plan to the world
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spss1955 Master	25-Nov-2013 07:57        spss1955 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Yep, very likely so. For us retail investors, we just want it to go away and the counters to reflect their true value. sharefrenz      ( Date: 25-Nov-2013 06:49) Posted: most likely court case scenerio: out of court settlement. this is just part of the game plan. at least hundred of millions already made. what's the tens of millions settlement ........ in this case, they don't hv to share their game plan to the world
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sharefrenz Member	25-Nov-2013 06:49        sharefrenz About Contact  Quote this Post!
x 0   x 0  Alert Admin	most likely court case scenerio: out of court settlement. this is just part of the game plan. at least hundred of millions already made. what's the tens of millions settlement ........ in this case, they don't hv to share their game plan to the world
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Blanchard Master	25-Nov-2013 01:29        Blanchard About Contact  Quote this Post! Style: Combined   Mood: Yells: "Winners cry..... Losers smile....."
x 0   x 0  Alert Admin	re-post picture
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Blanchard Master	25-Nov-2013 01:07        Blanchard About Contact  Quote this Post! Style: Combined   Mood: Yells: "Winners cry..... Losers smile....."
x 0   x 0  Alert Admin	.....perhaps a lesson learnt: don't give  " financial bully" a foothold.....
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cycy818 Master	25-Nov-2013 01:02        cycy818 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ms. ng is a lawyer... i don't think she will slap her own face in front of goldmad sack .... If she won the case.... maybe  these stocks can remove the penny curse :)   starlene      ( Date: 24-Nov-2013 22:54) Posted: We are only seeing Quah and Ms Ng version...must give Goldman Sach chance of defence..of course Quah & Ng can say everything as though they are right.What about Bluemont rights at 5cts how come they can't pick up? As at Nov 20 Neo Kim Hock is still kenna forced sell about 14mil of his Bluemont shares..meanwhile the prices of the trio will continue to tight range bound for at least 3-6 months... srichipan      ( Date: 24-Nov-2013 22:21) Posted: No need argue so much. Just see the price movement tmr
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srichipan Master	24-Nov-2013 22:21        srichipan About Contact  Quote this Post!
x 0   x 0  Alert Admin	No need argue so much. Just see the price movement tmr
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risktaker Supreme	24-Nov-2013 21:11        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	U promise someone a credit line...could you just turn it down all the way the next day..... and require her to top up 61 mln right now....Furthermore she is ur credit you should take care of her.... instead ur action cause her huge losses.... its a break of trust n care n unreasonable demand... its a strong case against goldman sac... wanglausern      ( Date: 24-Nov-2013 21:00) Posted: When the two Su Lings were drawing down on their credit line at GS, could GS tell them that we've run out of cash and you need to wait for us to replenish our cash from other banks? Buyer from HK? Better say Warren Buffet was waiting on the sideline too!  terencee      ( Date: 24-Nov-2013 17:25) Posted: Don't forget Goldman refuse to accept the buyer from Hong Kong. If the bank really have the client interest at heart, they would have agreed to let the Hong Kong buyer take over the shares instead. They refuse and force sell even more.. That goes to show how much they want the price to drop.
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wanglausern Senior	24-Nov-2013 21:00        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	When the two Su Lings were drawing down on their credit line at GS, could GS tell them that we've run out of cash and you need to wait for us to replenish our cash from other banks? Buyer from HK? Better say Warren Buffet was waiting on the sideline too!  terencee      ( Date: 24-Nov-2013 17:25) Posted: Don't forget Goldman refuse to accept the buyer from Hong Kong. If the bank really have the client interest at heart, they would have agreed to let the Hong Kong buyer take over the shares instead. They refuse and force sell even more.. That goes to show how much they want the price to drop. cccx123      ( Date: 24-Nov-2013 16:48) Posted: The force selling led to the plunge..so yea. Without the forced selling the trio would probably still be billion dollar companies today. And there was apparently no margin call on Goldman's part. Banks are supposed to allow three days (usually) for their clients to top up their variation margin accounts. Goldman gave but 7 minutes. Tell me, what can you do in 7 minutes?
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wanglausern Senior	24-Nov-2013 20:09        wanglausern About Contact  Quote this Post!
x 1   x 0  Alert Admin	From reports I read most of their goldmines are in some God forbidden places like Bolivia and Africa. I know that Innopac got so many pigeons excited on their acquisition of a diamond mine in NT, Aust which has been abandoned since 2003. cccx123      ( Date: 24-Nov-2013 19:42) Posted: I have only ever studied Liongold in-depth so I cannot say much about the others. What I can and dare say, is that all three companies were about to make highly significant acquisitions just before the crash. Very obvious that GS or whoever perpetrated the plunge knew that should these acquisitions go through, the book values of these companies would increase substantially and henceforth, they, the shortists would be forced to realise significant losses on their short positions. Now about liongold, if I compared its mining concessions and assume that all that gold is extracted and sold, it's stock should be trading in excess of $2. This comparison is taken with gold companies listed overseas and also the other one in singapore, CNMC. So you cannot justify your statement that liongold's px was manipulated unless you make the shaky claim that all gold mining or rather, all mining companies' px are manipulated. Of course, right now I am assuming that there liongold did not doctor their samples like Bre-X and all their estimations are made professionally with strong grounds. wanglausern      ( Date: 24-Nov-2013 18:44) Posted: Pray tell if there was no manipulations, in such a short time how could the three penny stocks rise to such a ridiculous  level beyond any fundamental
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cccx123 Elite	24-Nov-2013 19:42        cccx123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	I have only ever studied Liongold in-depth so I cannot say much about the others. What I can and dare say, is that all three companies were about to make highly significant acquisitions just before the crash. Very obvious that GS or whoever perpetrated the plunge knew that should these acquisitions go through, the book values of these companies would increase substantially and henceforth, they, the shortists would be forced to realise significant losses on their short positions. Now about liongold, if I compared its mining concessions and assume that all that gold is extracted and sold, it's stock should be trading in excess of $2. This comparison is taken with gold companies listed overseas and also the other one in singapore, CNMC. So you cannot justify your statement that liongold's px was manipulated unless you make the shaky claim that all gold mining or rather, all mining companies' px are manipulated. Of course, right now I am assuming that there liongold did not doctor their samples like Bre-X and all their estimations are made professionally with strong grounds. wanglausern      ( Date: 24-Nov-2013 18:44) Posted: Pray tell if there was no manipulations, in such a short time how could the three penny stocks rise to such a ridiculous  level beyond any fundamental? cccx123      ( Date: 24-Nov-2013 18:21) Posted: By your logic, if I shoot a man, the authorities should investigate the person I shot instead if me, the shooter. Hahaha..
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singa9999 Member	24-Nov-2013 19:34        singa9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	....and even when Lion was trading above $1 or above $1.50, its Enterprise value per ounce of gold (or its valuation) was WAY lower than the Gold industry average of 217 or 222, so how can you say " trading/shooting so much higher without fundamentals" etc etc ???......I smell rat in your postings !!!! singa9999      ( Date: 24-Nov-2013 19:15) Posted: What is " such a  short time"   , WangLausern??  Are u one of them ??  Take Lion for example ---  it was trading stable, over $1 for more than 1 year, is that " short time" and the stock is in the MSCI index !!!  Only  in aug-sept   it did move up by 0.40c or so & we know why...since new placements were coming at $1.14 or so  !!!  All market makers do this, before placements to ensure stock does not fall a lot after placements  --- I do not see anything wrong in that !!!?? wanglausern      ( Date: 24-Nov-2013 18:44) Posted: Pray tell if there was no manipulations, in such a short time how could the three penny stocks rise to such a ridiculous  level beyond any fundamental
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singa9999 Member	24-Nov-2013 19:15        singa9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is " such a  short time"   , WangLausern??  Are u one of them ??  Take Lion for example ---  it was trading stable, over $1 for more than 1 year, is that " short time" and the stock is in the MSCI index !!!  Only  in aug-sept   it did move up by 0.40c or so & we know why...since new placements were coming at $1.14 or so  !!!  All market makers do this, before placements to ensure stock does not fall a lot after placements  --- I do not see anything wrong in that !!!?? wanglausern      ( Date: 24-Nov-2013 18:44) Posted: Pray tell if there was no manipulations, in such a short time how could the three penny stocks rise to such a ridiculous  level beyond any fundamental? cccx123      ( Date: 24-Nov-2013 18:21) Posted: By your logic, if I shoot a man, the authorities should investigate the person I shot instead if me, the shooter. Hahaha..
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wanglausern Senior	24-Nov-2013 18:44        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pray tell if there was no manipulations, in such a short time how could the three penny stocks rise to such a ridiculous  level beyond any fundamental? cccx123      ( Date: 24-Nov-2013 18:21) Posted: By your logic, if I shoot a man, the authorities should investigate the person I shot instead if me, the shooter. Hahaha... wanglausern      ( Date: 24-Nov-2013 18:16) Posted: The Chairman of Innopac, the CEO of IPCO, executive director of Blumont, independent director of Liongold  all bought into ABL in a big way before the collapse. MAS & SGX should investigate.
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wanglausern Senior	24-Nov-2013 18:38        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	Generally bank loan agreements are written to give  lenders  the right to make margin call immediately or within reasonable time.    The time to make repayment by the borrower is written clearly in these agreements to prevent dispute.   I can't make myself any clearer. cccx123      ( Date: 24-Nov-2013 18:19) Posted: Aren't you missing the point? The force selling resulted in a sudden influx of stock in usually illiquid counter/s. And sgx exacerbated the selling and reduced the buying power by declaring them designated counters. Unless you are warren buffet or some ultra rich banker superstar, how are you ever going to come up with hundreds of millions of dollars in so short a time frame? By the time everything crashed, it was too late to hold the price as the market was then washed with huge numbers of scripts. I honestly do not understand the part about bringing your own cash and getting a buyer. In the end, GS will still receive cash for the collateralized stocks. wanglausern      ( Date: 24-Nov-2013 18:10) Posted:   Under the circumstances, time was of the essence and the only way the two Su Lings could  redeem their position was to bring in cash and not a so-called buyer. Am talking out of my experience in dealing with investment banks.
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