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ThinkEnv name change to Liongold Corp
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srichipan
Master |
22-Nov-2013 15:24
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huat huat all the way to 30 cents | ||||
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Blanchard
Senior |
22-Nov-2013 13:18
Yells: "Winners cry..... Losers smile....." |
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Exposing the amazing and mysterious Lion-Tamer(s) soon? Hope so.
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cycy818
Member |
22-Nov-2013 13:07
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keepo only ends up less investors in the market .... stagnant stock price ...... all local investors move to dows......
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srichipan
Master |
22-Nov-2013 12:51
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SGX chu stunt what can they do? They even sent an enquiry to SGX but gotten no reply.
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vincente
Senior |
22-Nov-2013 12:31
Yells: "hope for the best" |
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You never know it cld be wayang.CEO,SSH and insiders dont know anything?Hard to believe. | ||||
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WanSiTong
Master |
22-Nov-2013 11:22
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LionGold anxious to hear from SGX Company execs want to know outcome of probe into share trading Published on Nov 22, 2013, ST ![[Image: ST_20131122_AGLION_3932018e.jpg]](http://www.straitstimes.com/sites/straitstimes.com/files/imagecache/story-gallery-featured/20131122/ST_20131122_AGLION_3932018e.jpg) CEO Nicholas Ng says LionGold is ?just as amazed as anyone (about the wild swings in share price). We have no idea what?s happening?. -- ST FILE PHOTO By Anita Gabriel Senior Correspondent STUNG by a share price collapse and shattered investor sentiment, LionGold Corp's top executives now seem to be in the dark about the status of investigations into the trading of their shares. In his first media interview since the saga erupted, LionGold chief executive Nicholas Ng yesterday said the company has sent a written query to the Singapore Exchange on the investigations. But SGX has yet to respond. " We are anxious to know as well about the outcome of the investigations and are just as amazed as anyone (about the wild swings in share price). We have no idea what's happening," Mr Ng told The Straits Times. Trading in the shares of LionGold, Asiasons Capital and Blumont Group is being scrutinised by the Monetary Authority of Singapore and SGX. The counters collapsed early last month, wiping out billions of dollars in market value, after reaching dizzying highs earlier. Investors and broking firms are still reeling from huge losses. Mr Ng addressed perceived links between two US firms - boutique finance house Jett Capital and New York-based hedge fund Platinum Partners Value Arbitrage Fund - and the trio. Platinum Partners, which manages more than US$1 billion (S$1.24 billion) in assets, has been instrumental in striking several deals, particularly fund-raising exercises, involving all three companies. In many of these key deals, Jett Capital was the introducer. These links have led to the perception that the trio's share price falls may be related. " It's fair and reasonable for us to say we don't quite care what Jett Capital does with Blumont, Asiasons or any other company. We are only concerned with the deal they brought to us and are definitely sure they (Jett Capital) are independent," he said. Last week, LionGold unveiled plans to raise S$17 million by placing new shares to three parties - Wintercrest Advisors, a hedge fund owned by Platinum Partners, and two other people. This plan pales in comparison to an earlier aborted deal for a private placement also partly involving Platinum which would have raised S$202 million. " Given the choice, we'd have liked to raise more. But we are taking baby steps. We don't want to take bold moves." Yesterday, LionGold said its gold mining unit in Ghana, Owere Mines, has inked a deal to acquire and process gold-bearing waste tailings from Australian- registered B& C Gold. Mr Ng, formerly boss of DMG & Partners Securities, and investment banker at Rabobank International and Citicorp in Singapore, said the recent drama over the three stocks has dampened investor sentiment even in the wider penny stock market. LionGold shares, at 17.7 cents, are trading at an enterprise value per ounce (EV/ounce) of gold of US$15, paltry compared with its listed peers, valued at more than US$230 EV/ounce. Interestingly, Mr Ng said the firm's shareholder base has grown from 3,000 pre-saga to 5,000 or so now. The firm, which has been on an aggressive shopping spree for gold mines since last March, may now look for partners to gobble up more assets down the road. But for now, the acquisition binge may be on hold. At the height of the stock crisis, it had to call off the acquisition of a Peruvian gold miner. " Our fundamentals have not changed. We have real assets in Australia, Africa, South America and Canada. We are waiting for the dust to settle. It's been very frustrating. We also want an explanation. We look forward to the new year," Mr Ng said. _____________ |
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HTSpider
Member |
22-Nov-2013 11:15
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can some one kindly post the link of the Straits Times report for lion supporter to read..!!! I don't know how..!!!
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danytan
Senior |
22-Nov-2013 11:04
Yells: "Up up and away!" |
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what did it say?
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vincente
Senior |
22-Nov-2013 10:56
Yells: "hope for the best" |
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Last week, Malaysia-based AMMB Holdings revealed that its Singapore broking unit, AmFraser Securities, faced potential losses of up to RM120 million (S$46.7 million) because of its exposure to Blumont Group, Asiason Capital and LionGold Corp. | ||||
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cycy818
Member |
22-Nov-2013 10:50
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hope it move slow & steady..... :) |
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HTSpider
Member |
22-Nov-2013 10:46
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Today straits times got report about Lion!!!
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WanSiTong
Master |
22-Nov-2013 10:33
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Lol..... Horse year good for Lion.........
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look4ang
Member |
22-Nov-2013 10:26
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price and volume moving up..... | ||||
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Teochew
Member |
22-Nov-2013 07:43
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Liongold's medical leave till end Dec 13 and should be fully recovered by then. 2014 is a better year of this counter. | ||||
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look4ang
Member |
21-Nov-2013 23:19
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price stable and sell volume going down! good sign should be going up anytime. Huat ah! | ||||
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TPG_yren
Member |
21-Nov-2013 16:09
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She did state that she will be staying with LG.
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cycy818
Member |
21-Nov-2013 12:55
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If no disturbance from MAS and etc.... moving up is just matters of time.....
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Octavia
Elite |
21-Nov-2013 11:08
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LIONGOLD Corp on Thursday announced that Owere Mines Limited has entered into a Heads of Agreement with Australia's B& C Gold to procure and process gold bearing waste tailings. LionGold owns a 77 per cent of ASX-listed Signature Metals Limited, which in turn has a 70 per cent stake in Owere Mines. Owere Mines will buy from B& C a minimum of one million dry metric tonnes of gold bearing waste tailings, which are materials left behind from old gold mining operations. Production is expected to start in March 2014 for a period of three years, renewable on an annual basis. |
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Peter_Pan
Supreme |
21-Nov-2013 00:17
Yells: "did you order dunkin' donuts" |
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liongold lion cold cold gold low low | ||||
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shoutnovoice
Member |
20-Nov-2013 22:38
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Not sure if ng su ling will quit from liongold
There are reports in business times, lianhe zaobao and even shinmin daily saying ng su ling has resigned from blumont and will be suing goldman sachs..... I remember reading somewhere in this thread mentioning GS as the short seller who caused the plunge. Looks like the shareholders who suffered losses are now taking action, which may result in a class action suit!! Those who lost money can sure GS if they are found to be involved in the wrongdoing..... Let's watch how things unfold...There could be more than meets the eye! |
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