| Latest Forum Topics / Shen Yao Last:0.002 -- |
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BREXIT Leave or Stay
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Thi654321ABCDEF
Master |
28-Oct-2021 16:15
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I already told , this stock got every day theory , no practicles So much talking and promoting also no up 1 pipe I already told this stock will not move , when gold price up , last time when gold price is above 2000 , it is trading at 1 ,2
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sklong138
Elite |
28-Oct-2021 16:15
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If you study the report just released by SY, their revenue was derived based on their gold production multiply by the gold price. Therefore, to say gold price has no impact on SY share price is incorrect. According to Warren Buffet, the best time to buy the stock is when everyone is scare & its share price will be very attractive to buy at this point in time.
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Thi654321ABCDEF
Master |
28-Oct-2021 16:11
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Nothing is safer I also said 4 is very safe when it is trading at 5 and 6 , but now trading 3 , so nothing is safer.
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Jajabing
Veteran |
28-Oct-2021 15:57
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Trading marker , in case people ask, is the reason u see people buying in 100 ,100 100 shares at a time, to see who is selling and buying at the time in the queue | ||||
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Jajabing
Veteran |
28-Oct-2021 15:53
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One more thing to add, the price is stable at 3, not because of someone is always there to buy. my guess is some insider is supporting the price , going by the trading marker, those buying and selling at 3 are the same people, left hand to right hsnd, ie rolling, should they decide to stop , price will drop to 2. That's why I say buy at 2. 2 is safer, 3 is not | ||||
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Goldblade
Senior |
28-Oct-2021 15:14
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people sell .3 at 2.55. 3.14 sold out. haha | ||||
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properganda89
Senior |
28-Oct-2021 15:13
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No worries, there will always be people buying at 3  | ||||
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Lightyear
Veteran |
28-Oct-2021 15:11
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Tomorrow will be better.. haha | ||||
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Jajabing
Veteran |
28-Oct-2021 13:58
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Wake up. Since long ago people were using gold price to promote shenyao, and we have seen for the past 6 months gold price have no impact on Shen yao price, not in the near term anyway. Next QR perhaps, PERHAPS. For the time being till next QR, the show is over . Unless like what they say barring unexpected good news of some BBs start pump. But who knows what's the market state will be by than. Face the facts , move on. And hope no consolidation in mean time. Earn more from other stocks first , use the earnings buy more SY, shares when time is ripe, u may miss the first few pips, but if it's meant to soar like what people say, it will not be too late to come back when it move. And also, maybe too few shares on public hands for even BBs to make a dent ,last point is contentious, but believe I made my point. Imho, money spent on non moving stocks is rottigg away, put it to better use first
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lookingformore
Member |
28-Oct-2021 10:57
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Lightyear
Veteran |
28-Oct-2021 10:05
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Market already factored in the bad news and with retailer holding little shares.. prices would be very stable this period | ||||
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Andrew123
Master |
28-Oct-2021 07:07
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Omg usd1980
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sklong138
Elite |
28-Oct-2021 06:56
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https://www.fxstreet.com/amp/news/gold-price-forecast-nascent-xau-usd-bull-to-knock-on-the-1980-door-dbs-bank-202110270832 😊 | ||||
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ThankYou
Supreme |
28-Oct-2021 00:42
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Good luck to all bros hodling!
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Jajabing
Veteran |
27-Oct-2021 23:08
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x 0
x 0 Alert Admin |
Nah, kept 10 mil to watch show, dump the rest long ago
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Jajabing
Veteran |
27-Oct-2021 23:07
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Ok come back next yr
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sklong138
Elite |
27-Oct-2021 22:36
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Agreed.  Actually the one off non-recurring expenses of $12.5 million is a small amount compared to their revenue generated from the gold production.  More importantly moving forward the key performance indexes are their gold production capacities & its future gold prices.  If their gold production can increase by 20% year to year from the new exploration site & the gold price can double by 1QTR next year , then the revenue generated from gold production of 35,000 ounce x 1.2 x 2 x A 2,400 per ounce =A$201,600,000 with the assumptions of others remain the same, their corresponding increase in revenue should be far exceeding some $20m loss this year with some $12.5 m is non recurring. That being the case, the company is likely to be profitable next year.  😊  
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ThankYou
Supreme |
27-Oct-2021 22:06
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x 0
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Consolidation might be a good thing for this stock. You sold off all already?
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Andrew123
Master |
27-Oct-2021 21:41
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12.5mil non-recurring, it can be this or next financial year. rather it happened now then in future.  its good they report it earlier. NOT VESTED 
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sklong138
Elite |
27-Oct-2021 21:08
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The good news is that for item 1) of some $12.5 million which is the bulk of the expenses is non-recurring.  If SY can continue to mine more gold from the new exploration area " Golden Point Group - TARNAGULLA GOLD PROJECT    " & produce the same amount of gold at " Ballarat" of some 35,000 ounce per year then we will all laughing all the way to the bank. Hold tight tight. 
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