| Latest Forum Topics / Shen Yao Last:0.002 -- |
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Shen Yao (Miracle Medicine?): New Beginning!
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jeffkwan
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14-Jul-2021 16:08
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Thing to note: 1) change of name from Liongold to Shen Yao. This is to shed the past image. 2) Change in the Board of Directors. All China nationals besides Mr. Pang. It was Yao Li Lun who roped in Yao Liang into Liongold in 2019. There are also Goldmines in Africa. Exploration stage now. | ||||
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akasa888
Veteran |
14-Jul-2021 13:22
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For sharing The CPI (Consumer Pirce Index)data released on Tuesday showed that the current inflation rate of 5.4% annual inflation in June is the largest since 2008. Higher inflation are bullish for gold prices.The economy is in an era of high inflation, potentially reaching double digits in the months/ years ahead.  With such high inflation, gold has a very high chance to reach 2000 by year end.  Gold is now trading up at 1814 in Asia market.  Hopefully, the London market which open at 4pm and NY market which open at 9.30pm will push it further up  
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akasa888
Veteran |
13-Jul-2021 19:24
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So far, SY has not asked the existing shareholders for a cent nor has Mr Yao sold a single share even though the share price has gone up by six times.  By branding it a con stock is very unfair and an insult to the existing shareholders, this is as good as implying that the existing shareholders are a fool Mr Yao does not deserve to be called a cheat after he paid off $23 million in debt to keep the company a float and he even get JMP to invest $10 million in this company. This money did not go into his pocket, the utilisation of this proceed was announced just a few days ago Unless otherwise proven, an apology is the right thing to do.
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akasa888
Veteran |
13-Jul-2021 16:41
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You have my emphaty. Once bitten, twice shy. Yes, I am fully aware, my sister in law was one of the victims.  This is a lesson for all of us - that is to do your own due dilegence, every investment irregardless of where the company is from or even a blue chip company (remember Hyflux and Noble) carry a certain amount of risks. 
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black_white
Master |
13-Jul-2021 15:43
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Despite your bad experiences, you must know China Chinese make up 1 billion of this world' s 6 billion people. One bad egg doesn' t mean all eggs are bad. Whatever that you said is applicable not only to China Chinese, but applicable to any nationality, race, ethnicity. There has also been Chinese businessmen who are the exact opposite of what you mentioned, and I have personally worked with them before - They can treat you better than your own family, giving and sharing with you benefits that your own family and relatives can sometimes selfishly take away from or fight with you.  Whatever that you mentioned, happened to the Europeans and Americans also. The largest global Ponzi scheme was Bernie Madoff - from America. Who is to say race, ethnicity and nationality has anything to do with what you mentioned? 
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FINCH51
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13-Jul-2021 15:34
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I remember many years this chinese man came to take over JURONG TECH AT TAUS WEST ROAD also came out alot of funny news collected our hard earn money ,share from 40 over cents drop till 011cent lucky l sold at a lost than they close shop run away bankruptcy in four years see how smart this people.
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Isolator
Supreme |
13-Jul-2021 15:22
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No fear.... Long now to enjoy.. | ||||
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surgiooo
Member |
13-Jul-2021 15:16
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enjoy to now LONG .... 
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ThankYou
Supreme |
13-Jul-2021 14:42
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Bro, I wonder if you will change your line when Shen Yao is $1?
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Isolator
Supreme |
13-Jul-2021 14:24
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Long now to enjoy... | ||||
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black_white
Master |
13-Jul-2021 14:22
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Volatility has decreased significantly. And there is upwards buying. This points towards a near to mid term bullish trend, with likelihood to exceed the peak of previous. | ||||
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black_white
Master |
13-Jul-2021 13:36
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Yup. And I will quote YZJ as an example. Listed in SGX for more than 10 years.... Did they abscond??? So many good Chinese companies in their right listing all over the world, from TenCent to AliBaBa, etc etc
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akasa888
Veteran |
13-Jul-2021 13:30
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To be fair to FINCH 51, we can' t really fault him for having such a perception. Yes, in the past, there were many fly by night company from China that were listed in SGX. These companies have their businesses based in China and their financial account cannot be verified. This comes about when SGX in their desperate bid to attract more companies to list in SGX lower their guard and admitted many of these companies to list in Spore. From what I know, SY has no business operating in China. Their Gold mine in Ballarat is located in the state of Victoria, Australia. Their new gold site at Tarnagulla is also in the state of Victoria. As for their trading, hedge fund and investment business, their office is in Temasek Boulevard, Singapore.  In addition, they de-registered the company in Bermuda and re-register the company in Spore to comply with Spore' s regulation and their financial account is open to audit check. Please also note that they have also changed the auditor from a small firm to Ernst and Young(EY), one of the big 4 accounting firm in Spore. Being the big 4, EY has a reputation to protect, that is no hanky and panky business .  
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black_white
Master |
13-Jul-2021 13:16
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From trending and past pattern, it should be getting ready to move in next few weeks after several weeks of stabilisation | ||||
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Isolator
Supreme |
13-Jul-2021 12:43
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Long now to enjoy.. | ||||
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FINCH51
Member |
13-Jul-2021 11:51
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To each it own good luck bro
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black_white
Master |
13-Jul-2021 11:48
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Er... Everywhere got crooks. Even Singapore lei. What talking you. That is way too broad a generalisation. 
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FINCH51
Member |
13-Jul-2021 11:48
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Be careful they China chinese are crook.
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akasa888
Veteran |
13-Jul-2021 10:27
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The US reported its highest covid case numbers since May on Saturday as the highly transmissible Delta variant continues to make inroads across states with low vaccination rates. Now, Central banks around the world are sounding a more cautious tone about the path of the economic recovery because the latest wave of covid-19 threatens to force another round of restrictive measures. With this rise in cases, it will be very difficult for Federal Reserve(FED) to cut back on their bond purchase and raise interest rate. On Sunday, ECB President told Bloomberg that it will likely extend its bond buying program.  The fears about the spread on Covid will weigh on the US stock market especially with sentiment weighing on " reopening plays" This is good for gold because when things(economy, stock markets, unemployment, etc) are no good, it is good for gold.  Gold is now trading at 1811.
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Isolator
Supreme |
13-Jul-2021 09:08
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Long to enjoy... | ||||
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