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Shen Yao (Miracle Medicine?): New Beginning!
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akasa888
Veteran |
04-Aug-2021 10:01
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It really amazes me on CNMC performance. CNMC is listed in SGX and is a gold mining company based in Kelantan, it is also owned by the Chinese. Their sole business is producing gold.
In 2019,CNMC will produce 28,000 ounces (SY produces 42,000 ounces annually).
In 2020, it only produces 13,000 ounces because of Malaysia movement control
It has issued shares of 407 millions and 62% of its shares are in public hands.
Despite reporting a loss of $4.7 million, its share was so steady
I wonder why their shareholders were so confident
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akasa888
Veteran |
04-Aug-2021 09:19
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According to the data by Metals Focus, a leading independent precious metals research consultancy, combined gold reserves at almost 400 primary gold projects fell by 10% over the last five years. The authors of a report found that by the end of 2020, contained gold in reserves from these operations stood at 24,238t, down 10% from 26,989t in 2016. This highlights that depletion from mining has outpaced reserve replacement from resource upgrades over the past five years despite the gold price reaching a record high in 2020, Metals Focus said. During the 1 H, China output falls August could be a tough month for the S& P 500, but a terrific month for gold, funds are long in gold because of worried about S & P Note : Please note that there is a limit to the amount of gold unlike the fiat currency where you can print and print
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ThankYou
Supreme |
04-Aug-2021 00:31
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After National Day 10/8/2021
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akasa888
Veteran |
03-Aug-2021 21:30
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These are the reasons why China is on a gold buying spree In 2014, Russia, took the lead in using renminbi for settlement in oil trade with China. This was earth-shattering. Iran followed suit and used renminbi for settlement. Even Iraq, which was " liberated" by the United States, followed closely behind and joined the renminbi settlement camp. Venezuela is even better. In the face of United States&rsquo pressure, renminbi settlement was adopted not only in oil settlement, but also in the renminbi settlement camp. It is abandoning the dollar.* So far: Two-thirds of China' s oil purchases have been settled in RMB, and the dollar is being gradually abandoned. In order to completely break the hegemony of the US dollar, China has made another pioneering move. Any oil exporting country that accepts RMB as an oil trade settlement will allow the RMB to be exchanged for gold at the Shanghai Gold Exchange, which will greatly promote the internationalization of the RMB.* Linking crude oil, RMB, and gold is equivalent to linking the credit of RMB to the credit of gold. This will undoubtedly make the world scramble to reserve RMB After the move of China' s RMB exchange for gold, in addition to the United States $, another country is anxious. This country is the Middle East oil tyrant Saudi Arabia. As China has increased the RMB purchase year after year, Saudi Arabia' s oil sales to China have been greatly reduced. Faced with the huge Chinese market, the Saudis finally couldn' t help it. Various signs indicate that Saudi, the hard-core brother of the United States in the Middle East, will also follow the general trend and use RMB for settlement. Don&rsquo t forget that Saudi Arabia is the big brother of Middle East oil, and it will have a huge impact on other oil-producing countries in the Middle East. If the Saudis turned to RMB, the US oil siege against China will be completely disintegrated. Then all imported oil can be settled in RMB._ This is tantamount to grabbing food from USA' s mouth. The U.S. is really anxious. 20 years ago, whichever country dared to do this, it would be suicide. The U.S. would have 1,000 ways to kill him, but today' s China is no longer what it used to be. After 40 years of guts and courage, it finally has the strength to stand up to the United States. Today' s U S is no longer the United States 40 years ago. 40 years of fighting and killing have emptied its treasury, and it is no longer the trusted leader of the past.* The countries that choose to settle RMB settlements with China, whether it is Russia, Iran, Venezuela, which has been carrying the United States for many years, or Iraq, which has only awakened after being fudged by the United States, all bravely stand up and say ' NO' to the United States. And what makes them firm is that their partner is China, which is recognized as the only country in the world that can compete with the United States. In contrast, the United States, when the country was dominant, it has been fighting everywhere, exhausting its national wealth, and its debts are high. Because of lack of money, it has been forced to shut down Congress several times. After Trump came to power, there has been a global contraction in order to protect itself.* In the face of the broken US dollar, it is really not the best choice for the United States at sunset to fight against the rising China._ This is also the reason why the United States has been smearing China in the international arena in the past few years, and threatening China in the South China Sea. The United States can only use this thuggish method to dish out the evil in its heart, but the great old days are gone and it is powerless to return to heaven.
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black_white
Master |
03-Aug-2021 20:00
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https://www.channelnewsasia.com/news/business/china-investors-fear-regulations-tech-education-tencent-15371680 Come come. Tell the Chinese to put their money in SY and invest in Singapore |
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black_white
Master |
03-Aug-2021 18:47
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Should be sometime end of this week or next week. Not sure if under new management, whether company financial timeline has changed. | ||||
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Goldblade
Senior |
03-Aug-2021 17:49
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Any idea when results coming out?
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black_white
Master |
03-Aug-2021 17:20
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With the ongoing and persistent crackdown in China, I wonder if more funds will eventually be channeled to other companies overseas that provide good returns for the Chinese residents.... If so, huat to SY as Singapore is well known as a safe haven for investments and financial related matters! | ||||
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black_white
Master |
03-Aug-2021 16:11
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Really last chance to buy at 6 for those who wants. Results releasing soon.... | ||||
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black_white
Master |
03-Aug-2021 15:59
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They are playing with your minds. See who has greater mental resilience! | ||||
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akasa888
Veteran |
03-Aug-2021 12:04
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When I see people selling at 6, it suddenly reminds me of medtecs when many people sell off at 20 cents.
And when it went up all the way from 20 cents, many bang their head
History alway repeats itself, the pattern is there.
The rollar coaster ride has not even begun, and there are people with tickets who dare not take the ride.
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black_white
Master |
03-Aug-2021 12:01
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I suspect good results coming. Now the wall is put up for this list of assumptions: 1. Surpress the hope of contra since wall volume at 6 is high 2. Surpress the hope of shorting since the wall at 5 is equally high 3. Continue to accumulate cheap, waiting for the day of results announcement
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akasa888
Veteran |
03-Aug-2021 09:24
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A very good morning to all SY' s supporters and thank you for your support.
Keep your spirit up,
It is now a mental game, playing with your state of mind
With a strong mind, you keep on believing that Shen Yao can perform and deliver
This believe is not just based on hope, it is based on all the action plans and moves that had already been made With a weak mind, you give up and sell off.
But, don' t worry, only 43 millions shares are giving up for a song.
Remember, continue to believe, be patient, and don' t give up
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CheongArgh
Master |
02-Aug-2021 15:57
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Long will definitely enjoy !!!!! 
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TheMatrix
Elite |
02-Aug-2021 10:21
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I believe it's the lowest it can go. Not much too lose but many to gain. Hope shen Yao HQ1 2021 report don't disappoint us.
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properganda89
Senior |
02-Aug-2021 10:13
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Just waiting for their upcoming news and announcemnts. Still strong support at 5/6. |
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akasa888
Veteran |
02-Aug-2021 09:38
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Good things come to those who believe, better things come to those who are patient and the best things come to those who don' t give up
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akasa888
Veteran |
01-Aug-2021 18:52
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The reason why I am vested in SY is because it has the potential to become a several billion dollar company in 3-5 years time. This is not an old school company, all their businesses are very lucrative and will thrive in good times and bad times. Out of the 700 over companies listed in SGX, I can' t find a better company that has the potential to be a multi bagger. If it can be a multibagger, I am prepare to wait. My philosophy is very simple, if I can' t wait, my children can wait. Please let me know if you know of a better company than SY. These are what attracted me: 1 Largest Producer of gold - at present, their current gold mine at Ballarat produces 42,000 ounces annually. Compare to other mining company, it is the largest gold producer to be listed in SGX
Based on their evaluation report, this mine has 320% more mineral resources than what was previously evaluated.
What this means is that they can produce more.
2 Potential of having more gold mines - this is in their vision to expand their gold mining operations by setting up an exploration company.
From all the hints given, I believe they have already discovered one at Tarnagulla and should be starting operation soon.
In their annual report, they mentioned that there is a possibility of more new gold sites being discovered.
I am looking forward to their announcement
Gold is on an uptrend for the next few years because of rising inflation and currency devaluation. No one know how high it can go.
In the last few months, China is on a buying spree although it is the world largest gold producer and what does this tell us. 3 Hedge fund - hedge fund is a very lucrative business and the most fearful fund in the financial markets. It is a fund for high net worth clients with a minimum investment of 1 million. Hedge funds charge a fixed fee of 2% and take 20% of the profit generated.
Please note that this is the first hedge fund to be listed in SGX and ordinary people like us will not be able to invest in a hedge fund. Now, SY gives us an opportunity to do so with less than a cent per share. I see a lot of potential in this fund because this hedge fund is definitely targeted with the 1.4 Billion Chinese in mind. With their China connection, it will not be difficult for them to get the billion to make it as one of the largest chinese hedge funds. Many chinese will take this opportunity to get their money out of China to invest in this fund as SY is based in Singapore. This is also a good time for hedge fund because many listed companies are in financial troubles. Once the company is in troubles, no bank will loan money to them, their only way out is to get loan from hedge fund 4 Investment - This is another area where the company can make a lot of money with JMP help and with their Real Estate Analytical tools.
5 Management Capability - So far, Mr Yao did not disappoint us, all the restructuring plans were carried out as planned and from the salary he and Jia Jia draw, they are not out to milk the company
Note : I am sharing my personal view, this is not a call to buy or sell. To buy or sell, please do your own due diligence
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akasa888
Veteran |
01-Aug-2021 18:19
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Please note that the SY gold mine is in the Australia' s historic Victorian Goldfields. Their new gold site at Tarnagulla is also in the Victoria Goldfields and in their annual report they mentioned the following: As of 30 June 2020, the Group holds five Exploration Licences, one Retention Licence and two Mining Licences. In addition, the Group has nine Exploration Licence Applications in process. The primary focus of exploration remains the Ballarat Gold Mine where the Group has consolidated the entire 16-kilometre strike length of the field. The distribution of other tenements under the control of the Group provide exposure to multiple goldfields within the highly prospective Victorian exploration domain, and exposure to multiple mineral commodities. CGT also has a strategic land-holding at Tarnagulla(through its subsidiary Ironbark Mining Pty Ltd (&ldquo Ironbark Mining&rdquo )). On 18 August 2020, the Group commenced exploration diamond drilling at the Tarnagulla Gold Project. The Tarnagulla Gold Project is located 90 kilometres north
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akasa888
Veteran |
01-Aug-2021 17:43
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Investors will get back into mining sector when gold prices get back to $2,000 - Outback Goldfields CEO Kitco News Saturday July 31, 2021 15:56
Kitco News Share this article: Although conditions have improved, the mining sector remains undervalued and struggles to attract capital from generalist investors. However, Chris Donaldson, CEO of Outback Goldfields, said that he is optimistic that attention will return to the mining sector. He added that investors won' t be able to ignore the industry when gold prices push back above $2,000 an ounce. " We' re just waiting for this action to occur, and I think it' s coming here real soon. In the back half of this year, we' ll finally see some movement," he said. Donaldson' s bullish outlook on gold comes after Federal Reserve Chair Jerome Powell breathed new life into the precious metal after he said the U.S. economy has not reached " substantial further progress" to warrant a slowdown of its bond purchasing program. Gold prices pushed to a six-week high following Powell' s comments before seeing some technical selling pressure into the weekend. Before becoming the CEO of Outback GoldFields, Donaldson was the director of corporate development with Western Copper and Gold, which is developing its Casino copper and gold project in Canada' s Yukon Territory. Donaldson said that the most significant difference between the Yukon and Australia is the climate. He noted that the weather in the Yukon provides unique challenges for junior explorers. " In the Yukon, you busted your butt for three or four months trying to get all your drilling and then you wait six, nine months for results. So, there are these big gaps," he said. " Whereas in Australia, I' m happy to have year-round drilling. We have easy access to the property. We don' t have to fly in and out our guys, go home for lunch." As for attracting capital in the mining sector, Donaldson said that whether it' s in the Yukon or Australia, many of the criteria are the same. Quoting the mantra of Outback' s chairman Craig Perry, Donaldson said that it comes down to " the size of the prize and what is the cost of the test." Donaldson said that he was attracted to Outback because of its location in Australia' s historic Victorian Goldfields. The project is located near Kirkland Lake Gold' s Fosterville Mine. " Eighty million ounces that have been produced there, and geologists believe that with new techniques, there' s probably another 80 million yet to be discovered," he said. " I' m a big believer in the Yukon too, so don' t get me wrong, but, uh, we' re in a more established area, and I think the chance for discovery is higher."
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