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When is SY include inside MSCI ?
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with gold price on the uptrend, if the increased in the  mine' s total mineral resource can translate to producing more gold than it should augur well for SHEN YAO.
Gold  1,908.20+10.20 (+0.54%)
As of 5:59AM EDT. Market open.
MATERIAL CHANGES TO RESERVES AND RESOURCES
Following an update on the underground Mineral Resource of the mine as result of exploration and resource estimation, the mine& rsquo s total Mineral Resource increased by 320% which comprises of an initial Indicated Mineral Resource and an increase in Inferred Mineral Resource by 55% over the reporting period. 
https://links.sgx.com/1.0.0/corporate-announcements/EZ4RJI4UYWZYTUW8/667613_21197653_Announcement_Material.Changes.to.Resources.and.Reserves.PDF
 
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After share split 5:1 and 2 years later $1!
happyharvest ( Date: 26-May-2021 00:40) Posted:
after share consolidation?
ThankYou ( Date: 25-May-2021 19:39) Posted:
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Independent report published:
https://static1.squarespace.com/static/607949af5a666d7ca0818c3a/t/60ac85d1edcd6f2b9a3cfb33/1621919222029/21197650_IndependentQualifiedPersonsReport.pdf
 
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Laugh die me
Share consolidation to become $1
Then sure it can happen.
What an idea Bro Cheng and Bro Harvest
cheng987 ( Date: 26-May-2021 08:54) Posted:
| you mean after consolidation 100 - I share = one dollar |
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you mean after consolidation 100 - I share = one dollar
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after share consolidation?
ThankYou ( Date: 25-May-2021 19:39) Posted:
Yes! $1! 2 years target!
black_white ( Date: 25-May-2021 13:12) Posted:
| very unlikely. this counter will not explode. this has a different play from other penny counters. this is a multi multi multi bagger. not just a multi bagge |
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Yes! $1! 2 years target!
black_white ( Date: 25-May-2021 13:12) Posted:
very unlikely. this counter will not explode. this has a different play from other penny counters. this is a multi multi multi bagger. not just a multi bagger
ThankYou ( Date: 25-May-2021 11:52) Posted:
| Yes later one mouth 200M shares at 0.9 cen |
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Cos gold price shoot up to USD 1,885.....hosay liao lah.....
makdatok ( Date: 25-May-2021 14:21) Posted:
| Buyer at 8 is increasing..pheewiitt! |
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Nope. It will not. You need to wait at least 10 days from hereon IMO
specific ( Date: 25-May-2021 14:16) Posted:
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So confident?
specific ( Date: 25-May-2021 14:16) Posted:
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Buyer at 8 is increasing..pheewiitt!
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Today maybe close 9 10
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No fear.... long now to enjoy...
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For it to move up, guys here should not support 0.008
Let whoever wants to get out sell down 0.007
Based on my observations, usually after heavy selling INTO the Strong Support (in this case 0.007) will the price move up.
Move by how much, that is another question.
ThankYou ( Date: 25-May-2021 11:52) Posted:
Yes later one mouth 200M shares at 0.9 cent
lp2000 ( Date: 25-May-2021 11:05) Posted:
| it could be some action later this afternoon too. SGX is closed tomorrow for vesak, isn' t it |
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May I know what happen ?
So many people selling
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very unlikely. this counter will not explode. this has a different play from other penny counters. this is a multi multi multi bagger. not just a multi bagger
ThankYou ( Date: 25-May-2021 11:52) Posted:
Yes later one mouth 200M shares at 0.9 cent
lp2000 ( Date: 25-May-2021 11:05) Posted:
| it could be some action later this afternoon too. SGX is closed tomorrow for vesak, isn' t it |
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Long now to enjoy...
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There should be some action today or this thursday for MSCI to be adjusted on closing thursday. This new index performance will be reported for month-end every month. I learnt an example of YZJ which was removed on 30 Nov 2020 from MSCI Singapore as the date annouced by MSCI
Last year' s report show 3,000 kt gold inferred resource and no indicated resource at 2.2 g/t. Today' s report show 6,700 kt gold resources at 4.4 g/t, inferred resource at 3,800 kt, indicated resource at 2,900 kt. 300%+ increase seem significant. As I learnt, indicated resource means a high confidence level of estimating gold reserve based on sampling, while inferred one is a low confidence.
Last year' s 3,000 kt gold at 2.2g/t meaning unpure 236k ounces. Depending on level of dilution, this was diluted 40,000++ ounces pure gold mining per year for FY2020 as reported, right? Gold resource can be converted to gold reserve by drilling process and other technology.
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Yes later one mouth 200M shares at 0.9 cent
lp2000 ( Date: 25-May-2021 11:05) Posted:
it could be some action later this afternoon too. SGX is closed tomorrow for vesak, isn' t it?
black_white ( Date: 25-May-2021 10:46) Posted:
The time lag may be up to a week or a month IMO. Because 27 May is the actual inclusion in MSCI. Then investment companies will do their own portofolio review half yearly. So I expect end June to early Jul to start seeing more action only.
This is assement without looking at charts.  |
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