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iX Biopharma
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ThankYou
Supreme |
26-Aug-2021 09:05
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0.5 should be able to get later
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akasa888
Veteran |
26-Aug-2021 08:55
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Gold price is in ' hibernation,' but it is going ' a lot higher' - Bond King Jeffrey Gundlach Anna Golubova Wednesday August 25, 2021 12:29
Kitco News Share this article: 
Billionaire " Bond King" Jeffrey Gundlach sees the U.S. dollar on the decline and gold going a lot higher after the precious metal leaves its hibernation mode. " My number one conviction looking forward a number of years &mdash I' m not talking about the next few months at all, I' m talking about several years &mdash is that the dollar is going to go down," DoubleLine CEO Jeffrey Gundlach told Yahoo Finance. " The dollar going down is another reason why we touched on gold. I think ultimately gold is going to go a lot higher, but it' s really in hibernation right now." The dollar' s decline is inevitable because of the economic policies implemented by the U.S., Gundlach said, adding that it is all about the debt levels. " We have debt-to-GDP that is fueling the majority of our so-called economic growth. So, is it really economic growth when you borrow money or print money, send checks to people who turn around and buy goods on Amazon in addition to maybe paying down debt and speculating and these goods come in from China?" Gundlach said. " A lot of that consumption is going to China &hellip That' s one of the reasons why China has such a strong economy. So, what we' re seeing in the United States is starting to fall behind in economic growth. That' s not a new thing. That' s been going on for a generation, the U.S. falling behind." This is also why the dollar' s global reserve currency status is under threat. " We' re running our economy in a way that is almost like we' re not interested in maintaining global reserve currency status or the largest military or global call it superiority or control. As long as we continue to run these policies, and we' re running them more and more aggressively, we' re not pulling back on them in any way, we are looking at a road map that is clearly headed towards the U.S. losing its sole reserve currency status." How low with the U.S. dollar drop? Gundlach said that the greenback could take out the lows of the past bearish cycle. " The dollar has been in a series of declining highs for decades &mdash it goes back to the ' 80s. For that reason, I think when we get to the next break to the lower level, the dollar will go past the most recent low of around 80 and even take out the low of 70. So, I think there' s easily 25% downside in the U.S. dollar," he stated. Gundlach sees good future opportunities in European equities and emerging markets but noted that it is still too early to " aggressively rotate into emerging markets." |
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ThankYou
Supreme |
26-Aug-2021 04:19
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Prepare to buy the dive and get the 0.5 then sell it when it rocket high!
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Jajabing
Veteran |
26-Aug-2021 01:28
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Using the quitting news to deep dive the price tomorrow. Than buy on the cheap. After market close on 26th announce AR. Price rocket. No better movie plot than this 😂 | ||||
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black_white
Master |
26-Aug-2021 01:15
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I agree on this. Money not enough - She from old management. I think she see so much done by new management, but she no extra money and have more work instead, with new expanded scope of work where she needs to jaga new entity (i.e. Plutus Mazu). Extra work no extra money...
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ThankYou
Supreme |
25-Aug-2021 23:34
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Good news actually! It is to bring the share price down! Then can get at 0.5 tomorrow. But I will wait. Who knows 0.4 also can get!
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akasa888
Veteran |
25-Aug-2021 22:55
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Dear ALL
Don' t be so disheartened by the price movement these few months or be alarmed by the resignation of the CFO. What is more important is that Mr Yao is still the CEO and his holding is still at 72.6%
What can be wrong with the account when SY has been producing 42,000 ounces annually for many years. As for their trading, they just started only in the last quarter and don' t read too much into the selling of a few millions at 5, it is not the same as though they are selling billions of shares. Remember, JMP just converted $3 millions of the bond at $0.003 just two weeks ago. From the moment he took over, Mr. Yao had set up his action plans for this company and it is not just talk, it had already been implemented.
Just to recap, these are the new businesses
1 To expand their gold mining business by setting up an exploration company- this had already been done and they have very good progress at Tarnagulla new site.
I am expecting them to announce that they will start mining operations at this new site soon.
2 Trading and investment - they have already start trading in Gold and rubber in the last quarter. Any profit/loss will be included in the final year result. Their production is quite consistent, this is the only variable in their final year result.
3 Hedge fund - already set up. With their connection, I don' t think it will be a problem for them to get the rich in China to invest
With all these initiatives, the company cannot be any worse than before.
Remember, these are very lucrative business that will thrive in good times and bad times.
To make lot of money, you must be in where the money is, and this is where all their new businesses are in.
To me, this is the type of company that I wanted to invest in, not those old school businesses that were listed in SGX (oil & gas, construction, F & B, property, hotel, retails, banks etc.)
SY can only get better and better and I won' t be surprise that it will be in the billion dollars league of company in the years to come.
Ask yourself, where in SGX can you find such a company with this potential and businesses that is trading for less than a cent.
To invest in a hedge fund, you need a minimal investment of $1 million
Note : Oceanus a company that breed fish and prawns is trading at 3.5 cents, and it has an issue shares of 24.3 billions
At one stage, this share even went up to 8 cents.
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Jajabing
Veteran |
25-Aug-2021 22:25
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Quiting of CFO CEO in other companies so far blah blah is never a good thing, so near AR date somemore. But am till going for the long term outlook. Going to queue at 5 tomorrow. Make or break.
But short term wise super demoralising siah
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19437E
Member |
25-Aug-2021 21:28
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Not just that, after selling few millions, quickly followed up by a 100 shares buy to cover up the selling!
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Andrew123
Master |
25-Aug-2021 20:10
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No shares holding in all company's announcemen.
So should just be a staff on payroll.
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surgiooo
Member |
25-Aug-2021 20:08
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There was an SGX Query on deputy ceo last year. LIONGOLD CORP LTD (Incorporated in Bermuda) (Company Registration No. 35500) RESPONSES TO SGX&rsquo S QUERIES LionGold Corp Ltd (the &ldquo Company&rdquo ) has received the following queries from the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) in relation to the announcement released by the Company on 6 July 2020 detailing the appointment of executive officers of the Company. SGX-ST Query 1: It was stated that Zhou Ying (&ldquo Ms Zhou&rdquo ) prior to joining the Company, was working at &ldquo Baker Tilly TFW LLP &ndash professional assurance service provider&rdquo (&ldquo Baker Tilly&rdquo ). Please elaborate on her years of experience (which period), position held in Baker Tilly and how it contributes to her suitability of being appointed as a Deputy CEO of the Company. Response: Ms Zhou joined Baker Tilly in October 2009 as audit manager. She was subsequently promoted to audit senior manager in September 2012. Prior to leaving Baker Tilly in August 2019, Ms Zhou was a director in the assurance department, a position she held since September 2016. Ms Zhou has about 15 years&rsquo experience in public accounting in Singapore. The Board considered the credentials of Ms Zhou and is satisfied that Ms Zhou has the background, experience and capabilities to assume the role of Deputy CEO in addition to Ms Zhou&rsquo s current responsibilities as financial controller. SGX-ST Query 2: It is noted that she is at present appointed as a director of Shen Yao Investments Pte. Ltd. (&ldquo SYI&rdquo ) and Shen Yao (Singapore) Pte. Ltd. (&ldquo SYS&rdquo ). (a) Please elaborate on her role and the period of her appointment in these entities. (b) What is the key business of SYI and SYS? Response: SYI and SYS are both wholly-owned subsidiaries of the Company, formerly known as LionGold Investments Pte. Ltd. and LionGold Corp (Singapore) Pte. Ltd. respectively. The announcements relating to the change of names of these two entities were made on 2 April 2020 and 18 November 2019 respectively. Both SYI and SYS are investment holding companies. Ms Zhou was appointed as director of SYI and SYS on 27 December 2019 and 31 March 2020 respectively. Ms Zhou, together with other directors of SYI and SYS, are responsible for overseeing and managing the affairs of SYI and SYS and report to the board of directors of the Company. 1 SGX-ST Query 3: Please explain and elaborate on how and who introduced Zhou Ying to the Company in November 2019 when she was first appointed as financial controller of the Company. Response: Ms Zhou was exploring the exposure to commercial business and was introduced by the audit engagement partner of the Company. However, as confirmed by Ms Zhou, she has never been involved in the audit of the Company during her period with Baker Tilly. SGX-ST Query 4: Please provide Board&rsquo s explanation and justification for requiring a (1) Group CEO, (2) Deputy CEO, and (3) Assistant CEO (Corporate Finance), in view of the scale and size of the Company&rsquo s current business. Please detail their job scopes and segregation of duties. Response: In the circular to shareholders dated 6 September 2019 (the &ldquo Circular&rdquo ) detailing amongst others, information relating to the Proposed Yaoo Subscription (as defined in the Circular), it was mentioned that the Group CEO, Mr. Yao Liang and the other directors and shareholders of Controlling Shareholder of the Company, Yaoo Capital Pte. Ltd. &ldquo are of the view that there is untapped and discoverable potential in the Group&rsquo s core gold mining project in Ballarat, Australia. They intend to assess the situation following the completion of the Proposed Yaoo Subscription with a view towards strengthening the core business activity of the Group by way of recapitalisation where necessary. They are also exploring a diversification of the Company&rsquo s business beyond gold mining as a means of reducing reliance on its core business and also to look at other areas of growth with a view to providing additional income streams hence enhancing value for Shareholders.&rdquo The scope of the abovementioned plans encompasses the management of existing operations, the review and evaluation of current operations, undertaking restructuring where required, evaluation of new business opportunities, assessing the need for additional funding (for current operations and prospective new businesses) and where required, determining the form and terms of such funding. The assessment and roll out of these corporate matters often have to be undertaken concurrently. The management team has been structured to allow for effective formulation and execution of the abovementioned corporate matters. The general scope of work to be undertaken by each of the following individuals is set out below. Group CEO - Charting the overall strategic direction of the Group - Setting the framework under which the business units of the Group should operate based on - Formulating the restructuring plans of the existing business of the Group - Seeking new business opportunities for the Group - Pursuing financing/fund raising options Deputy CEO - Providing input on the strategic plans from a financial standpoint - Overseeing the day-to-day operations of the Group based on the framework implemented by the Group CEO - Implementing operational restructuring plans - Setting up new business units/ implementation of new business plans 2 Assistant CEO (Corporate Finance) - Providing input on the strategic plans from a corporate finance standpoint - Performing and coordinating due diligence for prospective businesses/ acquisitions/ investments - Assessing financing/ fund raising options from a corporate finance standpoint - Executing corporate activities such as acquisitions, fund raising, restructuring etc. BY ORDER OF THE BOARD Yao Liang Executive Director 8 July 2020 This announcement has been reviewed by the Company&rsquo s sponsor, Stamford Corporate Services Pte. Ltd. (the &ldquo Sponsor&rdquo ). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Bernard Lui. Tel: 6389 3000 Email: [email protected] 3
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surgiooo
Member |
25-Aug-2021 19:57
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I wonder why she doesn' t want stay in a prospect company or if never got any allocation of shares. I also noticed that too for such an important role. Unless she is replaceable.
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akasa888
Veteran |
25-Aug-2021 19:49
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Don' t be so alarm, she is just an employee, not holding any shares Most probably, money not enough Ms Zhou joined the Company as Financial Controller on 1 November 2019. On 6 July 2020, Ms Zhou was appointed as Deputy Chief Executive Officer. She covers the duties of the Chief Executive Officer as and when required and assists the Chief Executive Officer in the performance of his duties. Ms Zhou is also responsible for determining the financial policies of the Group and taking charge of the full accounting, financial and treasury/cash management matters of the Group. Ms Zhou was previously the Assurance Director of Baker Tilly Singapore. She has over 15 years of audit experience as well as extensive experience in the audit of both multinational and local companies in diverse industries. Ms Zhou is also experienced in initial public offerings and reverse takeovers on the SGX-ST. She obtained her qualification from Association of Chartered Certified Accountants and graduated with a Bachelor of Science with Second Class Honors (1st Division) in Applied Accounting awarded by Oxford Brookes University in 2004. Ms Zhou is presently a Fellow of the Association of Chartered Certified Accountants and a member of the Institute of Singapore Chartered Accountants. |
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TheMatrix
Elite |
25-Aug-2021 19:40
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Not a good sign!
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surgiooo
Member |
25-Aug-2021 19:37
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Why would key management resigned before upcoming financial result , especially she is the Financial Controller and deputy CEO |
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surgiooo
Member |
25-Aug-2021 19:26
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https://links.sgx.com/1.0.0/corporate-announcements/QDHO02RVJVIQBFJF/9c2b3e17e2c4992865a6db9e2f9fd447108b6f4ab201779f6246b77836f00fdb Announcement Sub Title Resignation of Ms Zhou Ying as Deputy Chief Executive Officer and Financial Controller |
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sklong138
Elite |
25-Aug-2021 19:24
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https://www.sgx.com/mobileapp?action=view&cat=company-announcements&id=QDHO02RVJVIQBFJF 😔 | ||||
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black_white
Master |
25-Aug-2021 18:12
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Just remember - Technicals are based on investors psychology. Patterns were predicted based on this. Thereafter strategy through technicals was derived through this. With your own sentiments like that, many would feel the same - And just remember what Warren Buffet said. When others are scared, we should be greedy.... Vice-versa... And this company has strong fundamentals. As long as price rise is not too quick like previous (which I had mentioned many times I want to avoid seeing because it can damage long term chart), this counter is in it for the long run. | ||||
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Starship
Supreme |
25-Aug-2021 18:11
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black_white
Master |
25-Aug-2021 18:04
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Don' t worry too much. This company although has a lot of shares, but the public float is lesser than some other companies that are already in the red and still sinking (e.g. Semb Corp Marine). Every pip down, they lose a lot - More importantly, they know that they will lose investor confidence for long term prospect. Retail confidence is still v impt for stock price to rise - So they will be mindful on this
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