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Gold rally to 10k? Post Reply Rate topic
Goldblade Senior	15-Mar-2022 14:13        Goldblade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Firstly gold prices were already on the rise long before there was any sound of war. So was oil and coal because of the energy crisis China was facing. Than came inflation and this brought up the prices of gold as well as commodities. Than came war. So not everything is tied to one event. Secondly, there is talk of China getting "punished" if they assist Russia. So if you keep harping on one thing that was published almost 5 months ago maybe it's best to know your agenda and what you trying to prove
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Jamesrocker Senior	15-Mar-2022 12:08        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if there are going to be 10 mil traded at 3 at end of the day, it won' t remove the disclaimer of opinion
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Jamesrocker Senior	15-Mar-2022 12:06        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	gold and oil are inflationary relationship..   and the   main cause   of recent surge is war... the war may last longer but the impact on surge was seen in last few weeks.. it' s going to be short lived....  as for SY, too many uncertainties in the books and in this biz
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Goldblade Senior	15-Mar-2022 10:39        Goldblade About Contact  Quote this Post!
x 0   x 0  Alert Admin	What about inflation? Has it also disappeared overnight? Let's see at the end of the market day what's the trades made dont run mouth at 10.30 in the morning when people still brushing teeth
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Jamesrocker Senior	15-Mar-2022 10:26        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	So naughty, 1 mil done at 2.... drop in oil is dragging gold down  Goldblade      ( Date: 14-Mar-2022 19:46) Posted: Total amount sold today is 2,131,400. 79 trades done at 0.002 but only sold 80,400 while the rest was done at 0.003. Dont look at the surface but look deeper.
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Andrew123 Master	15-Mar-2022 08:26        Andrew123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even the war now end...wonder next where Russia will go after Sk new elected......with nk Jamesrocker      ( Date: 15-Mar-2022 08:00) Posted: So fast gold price on the dip liao.... wonder what' s going to happen... SY didn' t move up when gold price up, contradicts to some peoples belief.. now gold price down, what' s possibly going to happen... Jamesrocker      ( Date: 12-Mar-2022 22:15) Posted: Decent company perhaps might have followed the gold price  this one has been losing support even though gold price has been on the rise for months  Need to boost people confidence first and resolve the audit opinion before talking about going up  who knows, by the time their audit has been resolved, gold price might already be on the dip  Tough nut to crack... too many uncertainties
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Jamesrocker Senior	15-Mar-2022 08:00        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	So fast gold price on the dip liao.... wonder what' s going to happen... SY didn' t move up when gold price up, contradicts to some peoples belief.. now gold price down, what' s possibly going to happen... Jamesrocker      ( Date: 12-Mar-2022 22:15) Posted: Decent company perhaps might have followed the gold price  this one has been losing support even though gold price has been on the rise for months  Need to boost people confidence first and resolve the audit opinion before talking about going up  who knows, by the time their audit has been resolved, gold price might already be on the dip  Tough nut to crack... too many uncertainties
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sklong138 Elite	15-Mar-2022 06:23        sklong138 About Contact  Quote this Post!
x 0   x 0  Alert Admin
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sklong138 Elite	15-Mar-2022 06:19        sklong138 About Contact  Quote this Post!
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Jamesrocker Senior	14-Mar-2022 20:50        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very true.. look deeper and look beyond what auditor' s opinion.. perhaps more things will be uncovered soon....  Goldblade      ( Date: 14-Mar-2022 19:46) Posted: Total amount sold today is 2,131,400. 79 trades done at 0.002 but only sold 80,400 while the rest was done at 0.003. Dont look at the surface but look deeper.
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k2kingkong Senior	14-Mar-2022 19:56        k2kingkong About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes, don' t be fooled by share price manipulation.  720,218,000 wants to buy at 0.002      51,956.800 wants to sell at 0.003 At the moment, buyers are just unwillingly to commit too much cash in shares. If I can buy at 0.002, I would love to buy too.
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Goldblade Senior	14-Mar-2022 19:46        Goldblade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Total amount sold today is 2,131,400. 79 trades done at 0.002 but only sold 80,400 while the rest was done at 0.003. Dont look at the surface but look deeper.
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Jamesrocker Senior	14-Mar-2022 17:12        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	So? Despite your so call good report, and also gold price going up, today trades done at 2 Bond conversion dilutes existing shareholders... good that you bring this up.. good luck... bond holders were also shaken by the auditorrs' disclaimer of opinion.. my comments don' t really matter.. it' s the auditors opinion that you should be concerned about    k2kingkong      ( Date: 14-Mar-2022 16:44) Posted: Please look up Shen Yao' s financial interim report published on SGX on 11 Feb 2022. https://links.sgx.com/1.0.0/corporate-announcements/TWT2FP6M0ALNT42O/26168f86f58cb89769352d2227d3d8d1dab30b3495dcf31bd2e2d968c8b6545f It shows SY is doing well reducing   its liabilities and increasing its net assets. Bond holder was willing to convert SY debt to shares at 0.003 What is this doubt about the ability of the company to continue as a going concern ?
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k2kingkong Senior	14-Mar-2022 17:01        k2kingkong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shen Yao' s Financial Position Review Current assets decreased by S$9.2 million from S$22.9 million as at 30 June 2021 to S$13.7 million as at 31 December 2021. The decrease was mainly due to:  The decrease in financial assets at FVTPL of S$4.3 million, which was attributed to the sale of financial assets at FVTPL and  The decrease in cash and cash equivalents of S$4.7 million, which mainly due to repayment of convertible bonds of S$4.0 million. The decrease in current assets was partially offset by:  The increase in other current assets of S$0.5 million, due to an increase in deposits and prepayment and  The increase in inventories of S$0.3 million, mainly attributed to the higher total gold produced (17,851 ounces) as compared to the total gold sold (17,631 ounces). Non-current assets increased by S$0.5 million from S$61.9 million as at 30 June 2021 to S$62.4 million as at 31 December 2021. The increase was mainly due to:  The increase in exploration and evaluation expenditure of S$1.3 million, which was mainly attributed to additions of capitalised expenditure of S$1.7 million, offset by the currency exchange loss as a result of appreciation of SGD against AUD of S$0.4 million and  The increase in mining properties of S$0.3 million, mainly attributed to the additions amounting to S$4.6 million during the period, partially offset by amortisation charge of S$3.9 million in 6MFY2022 and the currency exchange loss as a result of appreciation of SGD against AUD of S$0.4 million. The increase in other non-current assets was partially offset by the decrease in PPE of S$0.9 million, mainly attributed to depreciation of $3.3 million and loss on currency exchange of $1.1 million due to appreciation of SGD against AUD. The decrease was partially offset by additions of S$3.5 million. Current liabilities decreased from S$30.3 million as at 30 June 2021 to S$27.5 million as at 31 December 2021. The decrease of S$2.8 million was mainly attributed to the decrease in trade and other payables of S$3.4 million, mainly due to decrease in trade payables of S$1.5 million and accrued geology and mining of S$1.9 million. Non-current liabilities decreased from S$30.7 million as at 30 June 2021 to S$16.2 million as at 31 December 2021. The decrease was mainly attributed to:  The decrease in convertible bonds due to the conversion of S$3.0 million convertible bonds on 16 August 2021, repayment of the remaining S$4.0 million principal amount of convertible bonds in 2QFY2022 and the fair value adjustment of S$6.3 million  The decrease in lease liabilities of S$0.9 million which was attributed to repayment of lease liabilities in 6MFY2022  The decrease in rehabilitation and preservation provision of S$0.2 million. Rehabilitation and preservation provision is to cover the estimated costs of land rehabilitation and preservation as a result of past mining and exploration activities at Ballarat and GPG, all in Australia. Deferred consideration of S$2.7 million pertains to a consideration payable to the previous owner of Owere Mines Ltd following certain production milestones being met. Further details of this deferred consideration can be found on page 94, note 27 of the Company&rsquo s FY2021 annual report. Total equity increased by S$8.6 million from S$23.7 million as at 30 June 2021 to S$32.3 million as at 31 December 2021. This was mainly attributed to:  The increase in share capital of S$3.0 million, attributed to the conversion of S$3.0 million convertible bonds at the conversion price of S$0.003 each on 16 August 2021 and  The decrease in accumulated losses from S$339.8 million as at 30 June 2021 to S$331.5 million as at 31 December 2021, which reflected the Group&rsquo s consolidated profit attributed to equity holders for the period. The increase in total equity was partially offset by the increase in negative foreign currency translation reserve of S$2.7 million to S$6.7 million as at 31 December 2021, due to record of foreign currency difference arising from consolidation. The Group had net current liabilities of S$13.9 million as at 31 December 2021. However, the Group continues to generate positive operational cash flows. The directors of the Company believe that the Group, barring unforeseen circumstances, will continue to generate positive cash flows from its mining operations and investment activities. As such, there are reasonable grounds to believe that the Group will be able to operate as a going concern.
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k2kingkong Senior	14-Mar-2022 16:44        k2kingkong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please look up Shen Yao' s financial interim report published on SGX on 11 Feb 2022. https://links.sgx.com/1.0.0/corporate-announcements/TWT2FP6M0ALNT42O/26168f86f58cb89769352d2227d3d8d1dab30b3495dcf31bd2e2d968c8b6545f It shows SY is doing well reducing   its liabilities and increasing its net assets. Bond holder was willing to convert SY debt to shares at 0.003 What is this doubt about the ability of the company to continue as a going concern ?
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Jamesrocker Senior	13-Mar-2022 19:20        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	By the way, auditors opinion was 4 months ago only... I handle auditor queries year in year out.. disclaimer of opinion is the worst judgment for a company...good luck.. you sold your other gold counter before the war and gold surge and thus must be very heart pain.. hope SY can heal your pain one day. Good luck.. alfredx      ( Date: 13-Mar-2022 18:49) Posted: When is this news came about? Recently or last yr? Zzz Jamesrocker      ( Date: 13-Mar-2022 18:43) Posted: Past? Audit is doubting the ability of the company to continue..it' s about the future..
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Jamesrocker Senior	13-Mar-2022 19:15        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Zzz... aren' t   auditors opinions are base on past result and statements(discrepancies)? Do you mean auditors can form opinions base on future unpublished statements? base on past results and discrepancies in statements, auditorr  form judgment on the future.. perhaps a bit too chim for to you.. give this a miss if you find it too difficult to understand.. alfredx      ( Date: 13-Mar-2022 18:49) Posted: When is this news came about? Recently or last yr? Zzz Jamesrocker      ( Date: 13-Mar-2022 18:43) Posted: Past? Audit is doubting the ability of the company to continue..it' s about the future..
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alfredx Senior	13-Mar-2022 18:49        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	When is this news came about? Recently or last yr? Zzz Jamesrocker      ( Date: 13-Mar-2022 18:43) Posted: Past? Audit is doubting the ability of the company to continue..it' s about the future... alfredx      ( Date: 13-Mar-2022 16:29) Posted: What the point of digging the past to say? If u are a long term holder just hold and hope gold price rally that can have a much better earning.. if u are shortis dont come here and short and talk down the stock.. this stock already no meat for u to get..
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Jamesrocker Senior	13-Mar-2022 18:43        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Past? Audit is doubting the ability of the company to continue..it' s about the future... alfredx      ( Date: 13-Mar-2022 16:29) Posted: What the point of digging the past to say? If u are a long term holder just hold and hope gold price rally that can have a much better earning.. if u are shortis dont come here and short and talk down the stock.. this stock already no meat for u to get.. Jamesrocker      ( Date: 13-Mar-2022 15:29) Posted: Going Concern Assumptions Disclaimer of Opinion The following section has been extracted from the Independent Auditor&rsquo s Report and set out in italics below: &ldquo We refer to Note 2.1 to the financial statements with respect to the Group&rsquo s and Company&rsquo s ability to continue as going concerns. As at 30 June 2021, the current liabilities of the Group and Company exceeded their current assets by S$7,432,000 and S$47,649,000 respectively. The Group also incurred a net loss of $19,183,000 during the financial year ended 30 June 2021. These factors and other matters disclosed in Note 2.1 to the financial statements indicate the existence of material uncertainties that may cast significant doubt on the Group&rsquo s and the Company&rsquo s ability to continue as going concern. As disclosed in Note 2.1 to the financial statements, the directors are of the view that it is appropriate for the financial statements of the Group and of the Company to be prepared on a going concern basis. As further disclosed in Note 2.1, the ability of the Group and Company to continue as going concern is dependent on its ability to generate positive cash flows from the mining operations assuming that there is sufficient tailings capacity and the availability of sources of financing. However, arising from  the effects of the above and lack of supporting documentation and records, we were unable to obtain sufficient appropriate evidence to conclude on the appropriateness of certain key assumptions used in the cash flow analysis to assess the going concern assumption used in the preparation of the accompanying financial statements. Consequently, based on the information available to us, we were unable to determine whether any adjustments might have been found necessary in respect of the aforementioned balances and other elements making up the statements of financial position, consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cashflows for the year financial ended 30 June 2021, and the related disclosures.&rdquo
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Jamesrocker Senior	13-Mar-2022 17:58        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	by order of? alfredx      ( Date: 13-Mar-2022 16:29) Posted: What the point of digging the past to say? If u are a long term holder just hold and hope gold price rally that can have a much better earning.. if u are shortis dont come here and short and talk down the stock.. this stock already no meat for u to get.. Jamesrocker      ( Date: 13-Mar-2022 15:29) Posted: Going Concern Assumptions Disclaimer of Opinion The following section has been extracted from the Independent Auditor&rsquo s Report and set out in italics below: &ldquo We refer to Note 2.1 to the financial statements with respect to the Group&rsquo s and Company&rsquo s ability to continue as going concerns. As at 30 June 2021, the current liabilities of the Group and Company exceeded their current assets by S$7,432,000 and S$47,649,000 respectively. The Group also incurred a net loss of $19,183,000 during the financial year ended 30 June 2021. These factors and other matters disclosed in Note 2.1 to the financial statements indicate the existence of material uncertainties that may cast significant doubt on the Group&rsquo s and the Company&rsquo s ability to continue as going concern. As disclosed in Note 2.1 to the financial statements, the directors are of the view that it is appropriate for the financial statements of the Group and of the Company to be prepared on a going concern basis. As further disclosed in Note 2.1, the ability of the Group and Company to continue as going concern is dependent on its ability to generate positive cash flows from the mining operations assuming that there is sufficient tailings capacity and the availability of sources of financing. However, arising from  the effects of the above and lack of supporting documentation and records, we were unable to obtain sufficient appropriate evidence to conclude on the appropriateness of certain key assumptions used in the cash flow analysis to assess the going concern assumption used in the preparation of the accompanying financial statements. Consequently, based on the information available to us, we were unable to determine whether any adjustments might have been found necessary in respect of the aforementioned balances and other elements making up the statements of financial position, consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cashflows for the year financial ended 30 June 2021, and the related disclosures.&rdquo
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