| Latest Forum Topics / Shen Yao Last:0.002 -- |
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ThinkEnv name change to Liongold Corp
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makdatok
Supreme |
01-Dec-2020 21:27
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NOTHING is impossible in equities...wink2 | ||||
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makdatok
Supreme |
01-Dec-2020 21:25
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Ayoooo...U guy hv forgotten about CEFC...I was in n out throughout that rally..Ive made the loudest noice in that thread...1st batch entered at 1c n last batch out at 22c...U cant imagine how over the moon I was...How many thousand percent profit was that?... | ||||
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Wealth98
Veteran |
01-Dec-2020 21:24
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That is why we are not asking for USD$93.90 Just merely Sgd $0.1 cents..  Not a lot to ask right.. 
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black_white
Master |
01-Dec-2020 21:23
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Yes. We are all familiar with the American and European way where social media, mainstream media, etc etc do " free" advertisements for them. For China? It is about connections - Hence my opinionated conclusion that there is more potential for upside than downside, given the profile of the 2 top guys inside. They have connections to the Politburo. That itself is where the money lies. Whether it wil come to fruition, only time will tell.
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NothingWrong90
Member |
01-Dec-2020 21:21
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You need to recognise SGX is just a tiny fraction of S& P 500 and Tesla is always making headlines with its prominent founder and global funds are piling. Not sure how the valuation based on a Company' s promise/future works for LG since it has almost nothing to offer... Better TP whenever opportunity allows.   
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Wealth98
Veteran |
01-Dec-2020 21:16
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One very good example : Nikola,( Nasdaq listed )   an electric truck company with Zero earning, they have not even start production yet.. The Stock sky rocketed to USD$93.90..  Anything is possible in equities..  Be positive.. Have faith! 
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NothingWrong90
Member |
01-Dec-2020 21:15
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Of course I will be the happiest person on earth if it hits 0.1 (as i will be drown in cash). Im vested in this counter as well but i sure as hell not as optimistic as you.. 
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black_white
Master |
01-Dec-2020 21:15
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So they informed about their divestment into fund management because of uncertainty in gold price and not their gold reserves. Their gold reserves based on 2019 value previously was 0.004. That' s how I derive aat 0.005 to 0.006 to account for the increase in price since then - No other research this year has been done by anyone.  Yes to the uncertainty on their fund limits. So that remains to be seen.
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black_white
Master |
01-Dec-2020 21:12
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I believe in China power. Worked with China people before. When they want to make it happen, they can make you many millionaires overnight and make you bankrupt overnight also. High risk high gain. But after analysing the profiles of the new owners, and their background, and researching here and there on those they worked for before, I see more potential for upside than downside. | ||||
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NothingWrong90
Member |
01-Dec-2020 21:11
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Not sure how you derive the value range of the gold mines they hold but from what is known, they are running low on their mines and their existing green field investments are highly judgmental and subjective and may very well end with a ' dry hole' exploration. Sure, they informed public that they gonna divest into fund management but I wonder how they going to attract investors with their ' rich' histories and past and even if they manage to attract, how much fund are they going to get and on what promise to those investors and what expense to the minority shareholders? I still think S$3.2b valuation is a bit too rich for this already-overvalued company even with its current prospect.
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OngBak
Veteran |
01-Dec-2020 21:09
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Bro, stock market anything also can happen. Never say never. Many companies not making money share price also can sky-high. 1 trillion 2 trillion companies also have liao, really can't believe. SMM $6 down to 0.113, I do not believe too but it happened.. | ||||
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black_white
Master |
01-Dec-2020 21:04
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Nope. Nothing wrong. So let us see your calculations as well then.  I already said my piece. $0.01 as what one guys said here is definitely achievable. The gold reserves are already $0.005 to $0.006 value. $0.10 will be the harder one to achieve - But it is achievable. Hence I caveat it to say they need to produce solid results for the next 1 year at least. To support my this 2nd point, I pointed to the fact on how you value technology stocks where they had no assets as well - This is especially the case from the earlier onset of IPO where their advertising revenue, etc etc is not even near their stock value then (we don' t talk about those highly successful ones after being listed for a long while). So you can elaborate on how you value the stock then? Based simply on assets it holds now - you are not wrong. But as I mentioend, I have provided my basis. There are many ways to determine a company' s value - You are over simplifying it to the norms or hard assets the company holds. In any case, as with all stocks, all creditors will be paid and stockholders are always the last to be paid should there be leftovers after a company liquidates. So does that mean that we should only invest in stocks where the company has enough assets to pay all creditors, AND shareholders as well?
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churnw
Elite |
01-Dec-2020 20:58
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Target 0.01 . More realistic...
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NothingWrong90
Member |
01-Dec-2020 20:57
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Nothing wrong with providing constructive criticism against your comment for setting unrealistic expectation of price target without providing numbers to support its reasonableness...
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black_white
Master |
01-Dec-2020 20:55
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I also see that this is a very new account? Hmm. I wonder your intentions 
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black_white
Master |
01-Dec-2020 20:53
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That is because that is a sinking ship: (1) Covid, (2) rise of renewable energies, (3) competition from cheaper and mroe efficient suppliers. These three are sufficient to kill its prospects. Isn' t what that is what people are doing? Valuing it based on its future value and not current value? 
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NothingWrong90
Member |
01-Dec-2020 20:51
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Sorry to break your bubble but no one company with nothing to sell or carrying worthless mine can be valued for more than S$1bil on SGX.. It is all about realistic valuation.. Sembcorp marine that has more promising future also not even valued more than S$600m as of today' s price.. 
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black_white
Master |
01-Dec-2020 20:50
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Also, did you even read my earlier posts before commenting on this target price? How do you value a company? If you are a pure geek who follows a one size fits all, then this company is like what you mentioned. But if you consider the gold reserves it holds, together with potential earnings from fund management? Buying stocks is also speculative - You speculate on the future earnings and not current earnings. How do you value technology stocks then when they had no assets to begin off?  Please go and re-think your methodology of one size fits all calculation according to the book.
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Wealth98
Veteran |
01-Dec-2020 20:47
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All LG SUPPORTS... Huat BIG BIG AHhhhhhhh!  Limpeh got 6 mils shares, tmr will scoop 2 more mils to make it 8000000... Huat ALL THE WAY AHHHHHHH.....
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black_white
Master |
01-Dec-2020 20:46
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Like I mentioned, 1 year..... Did I mention immediately? 
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