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Today media report auditor got lot of question mark over their balance sheet.
the immediate impact is muc of the cost associated with this gold mining project will be taken out since it is not a fully own sub.
soundblaster ( Date: 28-Sep-2014 05:09) Posted:
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The us 45 millions is share subscription if I am not wrong. In this case, liongold will be getting cash injection from investor. With the earlier money from disposing the assets, liongold might have accumulated large amt of cash for its operations and mining activities. To me, liongold management is very smart to plan and keep the business going. My 2 cents.
soundblaster ( Date: 28-Sep-2014 05:09) Posted:
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By next month, it will be 1 year sgx announced that they are investigating the trading of ABL shares. Imagine the agony we have gone thru as shareholders of the 3 organizations. By now they shd have know the details and expect them to announce something on the findings. I am still waiting...My 2 cents.
CAD fXXk off and all will shoot to the sky....
Everything is all dark dark and wayang wayang.
Why not investigate the real manipulators that caused our loss - Goldman Sach, SGX, SIAS? ...because they are too big, too sensitive and cronies ! Just go for the weak to be scapegoats.
I like this comment quote
" As a keen reader in subjects of economics, politics, and investments - textbooks I read, information offered from investment analysts, economics professors - ALL LOCK STOCK and barrel DID NOT TEACH us what are the RISKS posed by stock regulators IMPOSED or EXUDED on stocks investors. ALL I KNEW, AND TAUGHT was there ARE sovereign risk, corporate risk, political risk, inflation risks, and NOT a risk per se, opportunity costs.
NOW I HAVE LEARNED, INVESTING in stocks and SHARES REGILATED by SGX is a RISK CALLED Singapore Stock Exchange RISKS - THE CRITICAL RISK that AT a WHIMSICAL wave of THEIR MAGIC wand, (black one) the SGX can WIPE out $8,000,000,000.000 of INNOCENT HARD EARNED CAPITAL in hours !!!!!
WHERE is INNOCENT investors RISK-REWRD Trade offs in this instance of SGX intervention? What can they DO? SUE the SGX???"
Ha ha ha ... 3rd world exchange and regulator bla bla
In Mar.... Asiason 7+, Blumont 6+, LIGO 15+, Innopac 2+, Ipco 1+, Magnus 2+ ...
now....4+, 3+, 8+, 1+, < 1, 1+ ..... only change CAD knock knock.
before wah lan huat huat. now lan lan
Isn' t SGX' s Kelvin Koh query to Blumont on Oct 1, 2013 opined on the value of Blumont shares?
Mr David Gerald, DID YOU RAISE THIS POINT? what is the conclusion of 14 Nov 2013 discussion?
Shareholders have the right to know how the market crash in 1 DAY!!! Who sold? Who has been shorting in the weeks, months before? CDP have records of who borrowed shares to short and who shorted. CHECK IT OUT!!!
MAS/CAD please investigate the ENTIRE CDP trade records to find out who shorted these shares and manipulated the crash. The crash is an embarrassment and damages the reputation of Singapore stock market and financial centre and MAS/CAD investigations is to bring these culprits to pay us, shareholders!!!
Ask Kelvin Koh, ask SGX, ask Goldman Sachs, ask UOB-Kay Hian, and David Gerald too - he was talking the shares down in the weeks before the crash.
| SIAS questions actions of SGX over the 3 previously designated stocks - Blumont, LionGold and Asiasons |
| Date: 29 October 2013 | |
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SIAS, represented by its President and Vice-President, yesterday met officials from SGX, represented by Ms Yeo Lian Sim, Mr Richard Teng, Mr Mohamed Nasser Ismail and Mr Kelvin Koh, to seek clarification on the actions taken by SGX over the 3 previously designated stocks, Blumont, LionGold and Asiasons, as many had suggested to SIAS that SGX was too slow in taking action. SIAS was advised by SGX that as a regulator it had taken measured steps and used all 3 main regulatory tools available to it, namely, to query the respective companies on unusual trading patterns as and when it happened, suspend the stock and designate the 3 stocks at the appropriate times. This is used in the best interest of the market and all players. SGX conducts real time surveillance and actively monitors the trading in each stock. Its main concern is to maintain a fair, orderly and transparent market. Where any potential market misconduct is detected, these are referred to the MAS and CAD for further investigations. SIAS understands that unlike most markets, SGX publishes its &lsquo queries&rsquo of listed companies as an additional regulatory tool to raise a &lsquo red flag&rsquo to investors that trading activity in a particular security is unusual. SGX made it clear that making a query is not an expression of opinion on the stock queried nor is it the function of SGX to comment on the value of the stock concerned. This places the onus on investors and traders to make informed judgments as to the materiality of the information being disclosed by the companies and how the information could impact the price and valuation of a company. SGX provided to SIAS the charts showing the price movements, corporate announcements and when the SGX queries were made. SIAS, like many investors, are also concerned on the conjoined fall in price of the three stocks in the same period and call on the authorities to swiftly investigate and take appropriate action if there has been manipulation of the stocks. SIAS accepts the explanation given by SGX on the steps taken by it. SIAS would advise market players that they are operating in a &ldquo buyer-be-aware&rdquo market and the onus is on them to exercise knowledge and caution in their trading and investments. Investors must be vigilant to look out for red flags when they appear and make an informed decision on their investments. Investors must manage their risk and diversify their portfolio. Traders and investors can look forward to additional red flags when SGX implements the circuit breaker mechanism. SIAS will also be holding a forum to discuss the rights of the shareholders in the affected 3 stocks on 14th November 2013 at 7pm at MND Auditorium. Admission is by registration only. To register, investors can do so online at www.sias.org.sg David Gerald President / CEO SIAS |
If u think gonna go higher.. should go in at 10.8 or 10.9. Surely gt ppl take profit.. for those who bought during the day.. lol but be careful.. price rebound may be shortlived..
victortan ( Date: 16-Apr-2014 22:43) Posted:
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I think tomolo take a risk to enter at OP and try to get out at 120, i think shd clear 120. hahaha
Those cut lost around 0.099 one... I really don' t know what to said...
No risk no gain. I took your risk, and i also took your gain... Thanks...
I so Happy
Funny are not those who say that this counter got fundamental, funny are those who comment on them. hahahaha. what is wrong, it is their money, theirs to manage, If they want to think so, then it got to be so, and u shd respect them, everyone have a right to opinon,
ldzoom ( Date: 16-Apr-2014 17:35) Posted:
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Quite funny people are talking about fundamentals of this counter...
When you play a counter like this, listen to the technicals. Supply and demand 101.
You want make money or want Liongold to be succesful?
- Captain Obvious -
People like gold??? People like me???
Just for some laughter..... Hope all is well.....
Huat liao u. Cheers
NoMoney ( Date: 13-Apr-2014 08:40) Posted:
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If you are concerned about liongold' s fundamentals, then by all mean feel free not to long. You can park your money in reits or blue chips.
You missed my point about Market vector' s position in liongold being a part of the return component which is usually a very small percentage.
soundblaster ( Date: 16-Apr-2014 17:05) Posted:
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Long or short term may really depend on the outcome of the investigations as well.
If they are guilty, u gonna be long long term investor.
If investigations take 6months - 1 year and they are eventually acquitted, you can expect to see some profit.
Not for the faint hearted average retail players.
And this " return component" Liongold is just a tiny part of Market vector' s portfolio. they can stomach this risk.
the investigation is out alr?
XTC855 ( Date: 16-Apr-2014 10:26) Posted:
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