Latest Forum Topics / Shen Yao Last:0.002 -- | Post Reply |
ThinkEnv name change to Liongold Corp
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danytan
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15-Nov-2013 15:21
Yells: "Up up and away!" |
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What does square off position mean
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ace333
Supreme |
15-Nov-2013 15:21
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lol......change soup didn't change medicine......lol
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akchua
Senior |
15-Nov-2013 15:20
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Today is friday, expect people to square off their position at the last 15 min before market close. Trade with care. |
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Jackpot2010
Master |
15-Nov-2013 15:18
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Background of subscribers. 1. Wintercrest Advisors LLC - is a newly incorporated hedge fund in USA (about 2 months old) and a wholly-owned subsidiary of Platinum Partners Value Arbitrage Fund. PPVAF is a prime suspect of share rigging of the trio (as alleged by The Edge) - but nothing is proven yet pending MAS investigation. Allotted the bulk of this placement - 80m shares at $0.183 2. Stephen Yeo Mah Ai - insurance brokers at NTUC Income. Allotted 6m shares at $0.183 3. Sia Ah Kheng - no info on web. Co says he is in construction business, so in a sense he is not a 'sophisticated' investors for Minerals, Oil & Gas businesses. Alloted 12m shares at $0.183 DYODD - don't jump in b'cos co found new investors - they may well be " all in the same family" .
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danytan
Senior |
15-Nov-2013 15:18
Yells: "Up up and away!" |
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How many shorts
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terencee
Master |
15-Nov-2013 15:15
Yells: "I don't entertain trolls." |
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Gotten a bit more. To burn the shorts later. Hopefully will match out whatever I have at closing.  | ||||
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ssw518
Member |
15-Nov-2013 15:14
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Lots of short execute from 0.197 to 0..192 trade with care since most of us are long term cash holding, jus sit back and relax should closed back to 0.195 |
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terencee
Master |
15-Nov-2013 14:46
Yells: "I don't entertain trolls." |
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the holding period is also my concern too. Thats why I decided to stay back and watch with my current holdings only. Cos once they get their shares, they can sell immediately for a quick profit. While the share price suffers. 
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ssw518
Member |
15-Nov-2013 14:44
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That's the point that bring down the px, they need fund to ensure their mine is develop as per schedule, that scare ppl one more reason that holds me back to buy at current px is no condition attach  for holding period like 6-12mth cannot sell  etc.... meanwhile to collect more when it fall  below support level 0.19
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maixisuahlai
Member |
15-Nov-2013 14:31
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let's put it this way la, maybe they desperately need money due to short term cash flow problem because of this incident. so bad shape already that beggars can't be choosers so just have to offer at lower price to get investors onboard lor.
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Jackpot2010
Master |
15-Nov-2013 14:31
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This news is neutral - neither good nor bad to retail investors. DYODD 15 Nov - Placement of 98m shares at $0.183 = $17.9m. Does it mean that the fair value is only $0.183? For the past 1 & a-half yr, Share px of LionGold was very steady at above $1.00 before the crash (see graph below). So those who bought then r diluted by this placement at only $0.183. With net proceeds of just $17.9m there won't be any meaningful investment. The co must have hit the wall and have other means of raising working capital. Introduction fee is 5%. As recent as 11 Oct (a month ago), co had to cancel a placement for 180m shares at $1,10907 & additional 135m warrants at $0.02. These 2 would have netted over $200m if it went thru but was terminated b'cos of the crash - what a pity.             |
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terencee
Master |
15-Nov-2013 14:28
Yells: "I don't entertain trolls." |
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Now only need SGX, SIAS and MAS to say 'its an honest mistake on our part. Lets move on'. 
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psyren
Member |
15-Nov-2013 14:25
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Do anyone hear any information about the investigation of MAS? I think that we should have some news on 14 Nov already right? If the MAS and SGX can't make public clear about the three companies, these stocks will keep devalued no matter how good their reports are. sigh... | ||||
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ssw518
Member |
15-Nov-2013 14:22
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Long term yes I agree is good news but short term I disagree Simple logic, if the company offer below NAV that only means I should not buy above offer price.... I am vested only for long term, only to add more if fall below 0.19  
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maixisuahlai
Member |
15-Nov-2013 14:22
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don't be disappointed bro, coz everyone expecting it to run so they purposely don't run. anyway i really think liongold should be no problem one la. it just happened to be suay and got caught up in this incident coz of all the intertwined connections with the 2 other companies. operationally wise the company is still sound and expected to have another 2 of their gold mines that they acquired to start gold production in 2015. also i see this Nicholas Ng i think he should be ok one la, during designation period he still told TheEdge he did all he could, he wrote in to beg and scold SGX somemore. if guilty still dare to scold them meh? lol. but maybe other insiders got problem this i dunno la but i think problem will be solved once the perpetrator is caught and removed. maybe out of the trio really got 1 of them got problem la but i don't think all 3 will go down together. cannot be worst case scenario all 3 also delisted ma right? so be positive and patient. 
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firedragon
Member |
15-Nov-2013 14:20
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Good one, limpeh!!!
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ace333
Supreme |
15-Nov-2013 14:20
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no wonder the soup always taste the same
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cccx123
Veteran |
15-Nov-2013 14:17
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Shorted at 20.5cts and covered and longed a little at 19.8cts. I agree that this is a counter with extremely and unusually low valuations. However, the hangover of an ongoing sgx and MAS investigation will continue to be a massive drag on the stock. Not willing to invest a lot on this counter until the fallout is over. May well have to buy at a higher price later on, but it's all about risk management.
Am also very disappointed at the heavily discounted subscription price in the recent announcement. Management could have helped set a floor on valuations with a higher subscription px but the board appears to have other ideas. If not, the board could have selected other funds besides PPVA, funds of more credible reputes. PPVA is already heavily involved in the trio and Innopac. It might have been better to inject fresh ideas and perspectives into the company. Keeping my cards close to the chest until the air clears. CE |
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singa9999
Member |
15-Nov-2013 14:16
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friday effect I suppose and some shortists i believe, happily covering due to low buyers due to brokerage blocks......have to wait !  Hope monday the brokerages unblock Lion.
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ace333
Supreme |
15-Nov-2013 14:15
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a more constructive thing to do is find out who is
Wintercrest Advisors LLC HINT: is it a case of change soup don't change medicine...........lol  
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