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ThinkEnv name change to Liongold Corp
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Rosesyrup
Veteran |
11-Nov-2013 12:44
Yells: "Get your own opinion, don't follow blindly." |
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Losses reduce RE RE is part of equity Equity = NAV
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danytan
Senior |
11-Nov-2013 12:39
Yells: "Up up and away!" |
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Thks. How does this affect the nav?
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edwinjup
Master |
11-Nov-2013 12:10
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Expected a loss because they intend to write off some investments..if thet still making a.loss.for.next.half a year..pls changes all.drectors and ceo even they ask for. $1 salary
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hyekyo88
Member |
11-Nov-2013 12:04
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Actually last year Nov, there is also profit warning issued (before tax). But turned out profit in the end. You can check up SGX website to have full details.
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danytan
Senior |
11-Nov-2013 11:14
Yells: "Up up and away!" |
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Judging by profit guidance, not expected to be gd?
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hyekyo88
Member |
11-Nov-2013 11:03
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Results will be released on or before 14 Nov'13.
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danytan
Senior |
11-Nov-2013 10:54
Yells: "Up up and away!" |
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Results released? | ||||
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Rosesyrup
Veteran |
11-Nov-2013 02:48
Yells: "Get your own opinion, don't follow blindly." |
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Wah friend got lobang must jio leh.
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wanglausern
Senior |
11-Nov-2013 02:35
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If substantial shareholders are not in cahoots, how could these operators move the share price. I know cos I was once in the game.
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clonevil
Member |
10-Nov-2013 23:39
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the investigation IS relating to the sudden crash in share prices. Not due to any news relating to potential fraud. whether the investigation uncovers other things is a whole other question.
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Rosesyrup
Veteran |
10-Nov-2013 23:18
Yells: "Get your own opinion, don't follow blindly." |
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K, Thanks pal. Lets hope what you said is true.
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singa9999
Member |
10-Nov-2013 23:09
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understand the fear of investigation outcome on the trio, Rosesyrup. However, taking a logical view, the SGX/MAS investigation can be around " cornering" of the stocks and/or " manipulating" their prices BUT not " cooking the company books type of fraud" , since all the three companies categorically stated that they and/or their operations are not under any investigation, unlike the S-chips. If any company Director is found party to " cornering and/or manipulating" the share prices, he/she could be heavily fined/removed from office etc etc.....but that should not logically impact the company's value/net worth/potential, as it would in the case of " company cooking the books - Schips cases" . So we must not use the s-chips investigation-type yardstick of company fraud FEAR, in these cases, is my 2 cents.
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zillion
Member |
10-Nov-2013 20:38
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those are of fundamentals/corp events. these 3 must-keep-sters are now subjected by the ongoing investigations (perception). let's look at the designation status. why sgx designated the 3? from previous cases there were elements of fraud. and soon all wound down and got off with a very heavy stick. these 3 were re-instated and the market is back to its oldself being vibrant again. sgx had already gave its view for its different approach to sky one and these 3. sgx cleared. market's action shows that there is a change of ownership/ssh so no way will the prices move up as any new owner will want to bargain hunt and collect cheap. also seasoned short sellers know the game so well wanting more bad news so that short covering will be at its cheapest ard 0.05 to 0.01111111!!!!!!! how to nap these shorts? it will come. wait. | ||||
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Rosesyrup
Veteran |
10-Nov-2013 18:04
Yells: "Get your own opinion, don't follow blindly." |
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I don't think the problem now is low or high revenue, or even profitability. Otherwise LionGold would have fliped a few times after its latest earning report. Market now feared about regulators findings, if any, more than anything. Lets hope everything is fine.
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singa9999
Member |
10-Nov-2013 17:55
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http://www.asiaminer.com/magazine/current-news/news-archive/163-october-2013/5377-gold-liongold-ore-processing-agreement.html http://www.straitstimes.com/breaking-news/money/story/liongold-corp-signs-ore-processing-agreement-australian-firm-20130923 Does anyone know whether this deal was done amongst Australia listed A1 Consolidated Gold co & Lion OR on put hold/cancelled due to the share px saga ?? If done, it would be a giant step in boosting revenues over a 3-yr period ! |
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singa9999
Member |
09-Nov-2013 18:14
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Was analysing the vols during the fall of the trio - in fact they fell spectacularly within 3days in Oct on rather low vols.....this gives me a feeling that some " group" may have just tried to manipulate/short the stocks with some particular vested interests ( yet to be unravelled ). Typically we know when a stock falls with high vols, it is a deliberate sell-off by existing shareholders for some known reason ! In fact, reported in The Sydney Morning Herald in Oct ( enclosed), another Australian company, Linc Energy, was contemplating delisting from ASX and relisting on SGX since on ASX it was undervalued ! http://www.smh.com.au/business/liongold-slump-hits-local-investors-20131006-2v295.html |
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singa9999
Member |
08-Nov-2013 22:58
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last year they had similar profit warning on Nov6th (check SGX), followed by results on Nov 12th...pre-tax net loss, however, gross profit was over $10mio with 39% increase in turnover......stock px was above $1 and moved little. this yr shall be same pre-tax net loss(all this is due to acquisition-related growth costs which should ease over time), but expect gross profit and turnover to increase indicating company on right path......appreciate good corporate governance....at least not cooking books like many s-chips.....hopefully the investigation related to stock px collapse shall pass soon. Also expect NAV to further increase with the recent high-quality gold find in Africa. An excerpt from an article I was reading : Delving deeper, Asiasons has a 26% stake in another SGX-listed company ISR Capital. Datuk Md Wira Dani Daim (son of former finance minister Tun Daim Zainuddin) also owns close to 18% in ISR. Wira Dani also owns 6.35% in LionGold. The explanation: Lim and Azlan had initially invested in ISR, which had a financial advisory license. They later formed Asiasons and decided to whittle down their stake in ISR and the buyer of that stake was Wira Daim, who incidentally also invested in LionGold. ?It is more an instance of common shareholders and what?s wrong with that?? quips Lim, adding ?We have no involvement in either Blumont or LionGold except for the investments we hold?. The acquisitive strategy of significant mining assets aboard by LionGold and Blumont have attracted the attention of big name investors. For example, New York-based asset manager Van Eck Associates owns about 6% of LionGold while Australia-based Macquarie Group has another 4.78% of the company. Blackrock and Invesco hold 0.57% and 0.56% respectively of Asiasons while Vanguard Group and Van Eck hold 0.27% and 0.15% of Blumont, Bloomberg reported. All these funds are sitting on significant paper losses, the Bloomberg report stated. In August, LionGold had been included in the MSCI Small Cap Index while Asiasons is on the FTSE ST Small Cap Index. Aside from Molyneux, Blumont has a joint venture with Ines Scotland, said to be one of Australia?s most successful mining executives in the copper sector. The JV called Blumont Copper, seeks to identify investment opportunities in that sector. LionGold had in fact emerged as some sort of poster boy for the SGX. In a presentation about listing on the SGX dated May this year, LionGold was highlighted as a notable company in SGX?s ?minerals cluster?, enjoying a high turnover velocity, a successful trail of acquisitions and rise in market values. |
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maixisuahlai
Member |
08-Nov-2013 20:58
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Gou hiong!!! I like!!!
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singa9999
Member |
08-Nov-2013 20:37
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not palatable ! Same story as last year sept qtr results !! They rather dissolve the company and pay NAV value to shareholders !!! | ||||
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terencee
Master |
08-Nov-2013 20:36
Yells: "I don't entertain trolls." |
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Not plain bullish or what. But someone might be making use of this chance to buy into liongold. Solid gold is in demand worldwide. Not paper gold which banks issued. There is also limited supply how much this world has left. Precious metal price can only go up. No way to go down at all even in times of economic crisis. Selling maybe yes. But it will rebound upwards after a while. Time to collect a little bit more. Might plan to add 100 lots if it breaks 20c. LOL.. See how low they can go. If close to 10c, I can whack 200 lots already.
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