| Latest Forum Topics / Shen Yao Last:0.002 -- |
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Gold rally to 10k?
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sklong138
Elite |
20-Mar-2022 14:17
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 https://www.kitco.com/news/2022-03-19/Gold-price-at-2-500-oil-price-at-50-in-9-months.html |
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Jamesrocker
Senior |
15-Mar-2022 16:29
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Thanks again for pointing out that despite gold prices been increasing for very long as well as inflation. However, SY remained unchanged despite all these don' t have to be worried about other' s negative views for SY if one is very confident with the stock. Another person' s view alone won' t be able to rock the price. If one is confident SY will rise to occasion, 3 is also a good price to enter and don' t have to wait at 2... the sell queue at 3 has increased from 7 mil 1-2 weeks ago and it has thickened to 56 mil... quickly tear down this wall, don' t wait further.. |
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Goldblade
Senior |
15-Mar-2022 14:13
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Firstly gold prices were already on the rise long before there was any sound of war. So was oil and coal because of the energy crisis China was facing. Than came inflation and this brought up the prices of gold as well as commodities. Than came war. So not everything is tied to one event. Secondly, there is talk of China getting "punished" if they assist Russia. So if you keep harping on one thing that was published almost 5 months ago maybe it's best to know your agenda and what you trying to prove | ||||
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Jamesrocker
Senior |
15-Mar-2022 12:08
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Even if there are going to be 10 mil traded at 3 at end of the day, it won' t remove the disclaimer of opinion | ||||
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Jamesrocker
Senior |
15-Mar-2022 12:06
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gold and oil are inflationary relationship.. and the main cause of recent surge is war... the war may last longer but the impact on surge was seen in last few weeks.. it' s going to be short lived.... as for SY, too many uncertainties in the books and in this biz |
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Goldblade
Senior |
15-Mar-2022 10:39
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What about inflation? Has it also disappeared overnight? Let's see at the end of the market day what's the trades made dont run mouth at 10.30 in the morning when people still brushing teeth | ||||
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Jamesrocker
Senior |
15-Mar-2022 10:26
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So naughty, 1 mil done at 2.... drop in oil is dragging gold down
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Andrew123
Veteran |
15-Mar-2022 08:26
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Even the war now end...wonder next where Russia will go after
Sk new elected......with nk
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Jamesrocker
Senior |
15-Mar-2022 08:00
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So fast gold price on the dip liao.... wonder what' s going to happen... SY didn' t move up when gold price up, contradicts to some peoples belief.. now gold price down, what' s possibly going to happen...
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sklong138
Elite |
15-Mar-2022 06:23
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sklong138
Elite |
15-Mar-2022 06:19
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Jamesrocker
Senior |
14-Mar-2022 20:50
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Very true.. look deeper and look beyond what auditor' s opinion.. perhaps more things will be uncovered soon....
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k2kingkong
Member |
14-Mar-2022 19:56
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yes, don' t be fooled by share price manipulation. 720,218,000 wants to buy at 0.002 51,956.800 wants to sell at 0.003 At the moment, buyers are just unwillingly to commit too much cash in shares. If I can buy at 0.002, I would love to buy too. |
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Goldblade
Senior |
14-Mar-2022 19:46
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Total amount sold today is 2,131,400. 79 trades done at 0.002 but only sold 80,400 while the rest was done at 0.003. Dont look at the surface but look deeper. |
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Jamesrocker
Senior |
14-Mar-2022 17:12
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So? Despite your so call good report, and also gold price going up, today trades done at 2 Bond conversion dilutes existing shareholders... good that you bring this up.. good luck... bond holders were also shaken by the auditorrs' disclaimer of opinion.. my comments don' t really matter.. it' s the auditors opinion that you should be concerned about
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k2kingkong
Member |
14-Mar-2022 17:01
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Shen Yao' s Financial Position Review Current assets decreased by S$9.2 million from S$22.9 million as at 30 June 2021 to S$13.7 million as at 31 December 2021. The decrease was mainly due to: The decrease in financial assets at FVTPL of S$4.3 million, which was attributed to the sale of financial assets at FVTPL and The decrease in cash and cash equivalents of S$4.7 million, which mainly due to repayment of convertible bonds of S$4.0 million. The decrease in current assets was partially offset by: The increase in other current assets of S$0.5 million, due to an increase in deposits and prepayment and The increase in inventories of S$0.3 million, mainly attributed to the higher total gold produced (17,851 ounces) as compared to the total gold sold (17,631 ounces). Non-current assets increased by S$0.5 million from S$61.9 million as at 30 June 2021 to S$62.4 million as at 31 December 2021. The increase was mainly due to: The increase in exploration and evaluation expenditure of S$1.3 million, which was mainly attributed to additions of capitalised expenditure of S$1.7 million, offset by the currency exchange loss as a result of appreciation of SGD against AUD of S$0.4 million and The increase in mining properties of S$0.3 million, mainly attributed to the additions amounting to S$4.6 million during the period, partially offset by amortisation charge of S$3.9 million in 6MFY2022 and the currency exchange loss as a result of appreciation of SGD against AUD of S$0.4 million. The increase in other non-current assets was partially offset by the decrease in PPE of S$0.9 million, mainly attributed to depreciation of $3.3 million and loss on currency exchange of $1.1 million due to appreciation of SGD against AUD. The decrease was partially offset by additions of S$3.5 million. Current liabilities decreased from S$30.3 million as at 30 June 2021 to S$27.5 million as at 31 December 2021. The decrease of S$2.8 million was mainly attributed to the decrease in trade and other payables of S$3.4 million, mainly due to decrease in trade payables of S$1.5 million and accrued geology and mining of S$1.9 million. Non-current liabilities decreased from S$30.7 million as at 30 June 2021 to S$16.2 million as at 31 December 2021. The decrease was mainly attributed to: The decrease in convertible bonds due to the conversion of S$3.0 million convertible bonds on 16 August 2021, repayment of the remaining S$4.0 million principal amount of convertible bonds in 2QFY2022 and the fair value adjustment of S$6.3 million The decrease in lease liabilities of S$0.9 million which was attributed to repayment of lease liabilities in 6MFY2022 The decrease in rehabilitation and preservation provision of S$0.2 million. Rehabilitation and preservation provision is to cover the estimated costs of land rehabilitation and preservation as a result of past mining and exploration activities at Ballarat and GPG, all in Australia. Deferred consideration of S$2.7 million pertains to a consideration payable to the previous owner of Owere Mines Ltd following certain production milestones being met. Further details of this deferred consideration can be found on page 94, note 27 of the Company&rsquo s FY2021 annual report. Total equity increased by S$8.6 million from S$23.7 million as at 30 June 2021 to S$32.3 million as at 31 December 2021. This was mainly attributed to: The increase in share capital of S$3.0 million, attributed to the conversion of S$3.0 million convertible bonds at the conversion price of S$0.003 each on 16 August 2021 and The decrease in accumulated losses from S$339.8 million as at 30 June 2021 to S$331.5 million as at 31 December 2021, which reflected the Group&rsquo s consolidated profit attributed to equity holders for the period. The increase in total equity was partially offset by the increase in negative foreign currency translation reserve of S$2.7 million to S$6.7 million as at 31 December 2021, due to record of foreign currency difference arising from consolidation. The Group had net current liabilities of S$13.9 million as at 31 December 2021. However, the Group continues to generate positive operational cash flows. The directors of the Company believe that the Group, barring unforeseen circumstances, will continue to generate positive cash flows from its mining operations and investment activities. As such, there are reasonable grounds to believe that the Group will be able to operate as a going concern. |
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k2kingkong
Member |
14-Mar-2022 16:44
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Please look up Shen Yao' s financial interim report published on SGX on 11 Feb 2022. https://links.sgx.com/1.0.0/corporate-announcements/TWT2FP6M0ALNT42O/26168f86f58cb89769352d2227d3d8d1dab30b3495dcf31bd2e2d968c8b6545f It shows SY is doing well reducing its liabilities and increasing its net assets. Bond holder was willing to convert SY debt to shares at 0.003 What is this doubt about the ability of the company to continue as a going concern ? |
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Jamesrocker
Senior |
13-Mar-2022 19:20
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By the way, auditors opinion was 4 months ago only... I handle auditor queries year in year out.. disclaimer of opinion is the worst judgment for a company...good luck.. you sold your other gold counter before the war and gold surge and thus must be very heart pain.. hope SY can heal your pain one day. Good luck..
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Jamesrocker
Senior |
13-Mar-2022 19:15
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Zzz... aren' t auditors opinions are base on past result and statements(discrepancies)? Do you mean auditors can form opinions base on future unpublished statements? base on past results and discrepancies in statements, auditorr form judgment on the future.. perhaps a bit too chim for to you.. give this a miss if you find it too difficult to understand..
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alfredx
Senior |
13-Mar-2022 18:49
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When is this news came about? Recently or last yr? Zzz
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