| Latest Forum Topics / Shen Yao Last:0.002 -- |
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ThinkEnv name change to Liongold Corp
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Demostation
Supreme |
28-May-2014 10:46
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Thanks RoundRound. I will just be careful. Only play play abit only.
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RoundRound
Elite |
28-May-2014 10:37
Yells: "Tikam Tikam can also" |
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It's all your own money. Play it with care. Invest if you feel like, trade if you want to, speculate if you dare to. DYODD
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Blanchard
Master |
28-May-2014 10:33
Yells: "Winners cry..... Losers smile....." |
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How is the market this morning, mom? It looks  alright, son. |
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Demostation
Supreme |
28-May-2014 10:25
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No further bad news on the horizon.
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Demostation
Supreme |
28-May-2014 10:23
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Time to buy LionGold. Yes!!  |
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Wind22i
Supreme |
28-May-2014 10:14
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I dont think there is anything to discover on the trading nature
Apart from knowledge that large stake are pledge for margin trading which was forced sold as the timeframe to top up is just few hours .. The share had drop 90% without warning previously .. So comically Today with profit warning it drop 3% The warning never came earlier.. Now It's almost at base.. One thing sgx can impose is disclosure of share pledge under margin trading That shld serve as warning to investors as upon pledge these share can be sold at unrealistic value at any time.. For now investing in liongold as a super penny shares its either u strike gold or fools gold .. There aren't too many penny gold mining counters in sgx or anywhere for that matter .. The probe will continue for some time but as long as the company still operating, this can be a bet as no point even for credit suise or any of the larger shareholder to sell at this level They shld focus on rebuilding and turning the company around & mining the gold out from earth rather than goreng , margin and short selling .. profit warnings etc All these activity are destructive to the value hahaha |
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Demostation
Supreme |
28-May-2014 09:49
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LIGO profit guidance should have been factored in together with the CAD probe in the ABL saga.   Obviously they are not probing into the conducts of the business proper, but the conducts of share-trading per se.   What makes the counters flew up and down.   Eventually they may not even have an answer more than what an everyday lay investor knows.  For most investors in the 3 counters, their hopes hinge on the probes to be fully concluded, prosecution if any, and recommendaions for fair or fairer trading practices in the stock market. However, we know that " fair trading practices" might sound very simple, but realistically it is not that easy to make them achievable.   Lol, and enjoy and make money.   Huat ah!!.   |
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Wind22i
Supreme |
28-May-2014 09:35
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Yes cost of gold production is high and they only make $100 per ounces as it needs heavy equipment to separate the gold from other substance .. Occasionally if lucky they may found some larger quantity which will then offset the cost with higher profit margin ..
It's not uncommon sometimes certain part of the mining area produces more gold, although that's rare and purely luck factor I guess profit warning is no big deal for a 9 sen stock Typically super penny stocks don't report huge profit anyway They could hive off or sell 1 of the mine to recapitalized Anyway I think they already spend 70 to 100 mil to start their mining operations in few countries .. Considering now the whole company only have mkt cap of 90mil ..it's priced in their capex and cost to operate.. So at 8 sen or 9 sen its already very close to its breakup value.. Trade at your own risk |
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RoundRound
Elite |
28-May-2014 09:26
Yells: "Tikam Tikam can also" |
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Think all the trio's financial assets are their 'interwoven' linked companies under investigation.
Just last year, the trio share price can easily jump 10c to 30c in a single trading day, nowadays, it's limping 0.x ct, what a difference compared to its good time then
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Octavia
Supreme |
28-May-2014 09:22
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LG profit warning of a loss for FY14 due to maintenance costs of its operations in Bolivia and Ghana and substantial fair value losses on its financial assets, as well as significant impairment losses on goodwill and exploration expenditure |
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RoundRound
Elite |
28-May-2014 09:15
Yells: "Tikam Tikam can also" |
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Production cost per ounce of gold is around US$1100
Margin is thin |
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Wind22i
Supreme |
28-May-2014 09:02
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Gold as long as above 1200 it will remain at the current range | ||||
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leeeta
Elite |
28-May-2014 08:48
Yells: "FA plus TA = Huat all the way." |
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wah also hit..so fast.
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leeeta
Elite |
27-May-2014 22:56
Yells: "FA plus TA = Huat all the way." |
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Gold   1274 hit..1268 hit..1262 coming..
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Wind22i
Supreme |
27-May-2014 22:11
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the share already at 90 % discount
The way I see it , this could be one off accounting/kitchen sinking exercise If later the losses is less than expected, it may move up instead Again , it's different if u buy at 8 or 9 sen compare to those who bought at high Earlier it has also reduced some debts by issuing capital of 10% prior to this whole episode Anyway this company has always lost money Even when it's at 1.70 it's losing money It depends on spot gold prices ... And luck factor in mining gold and of course operational costs to dig the gold out |
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Wind22i
Supreme |
27-May-2014 21:42
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Well the 9 sen already price in such losses
If it made money , I don't think it will be 9 sen share Previously was 1.70 |
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leeeta
Elite |
27-May-2014 20:56
Yells: "FA plus TA = Huat all the way." |
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Gold just broke support and is now gonna trade range along these boundaries $1,274, $1,268, and $1,262 . A failure under $1,262 would be very concerning as it would then drive Gold prices down further.. 11xx levels would be next. So LG PX will have a double whammy.. For those on LT, i know it is painful..do the needful...stay safe and trade with care. 
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arain5202003
Member |
27-May-2014 20:42
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" LIONGOLD CORP LTD      PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS  FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014      The Board of Directors of LionGold Corp Ltd (the &ldquo Company&rdquo ) wishes to announce that the Company  and its subsidiaries (collectively, the &ldquo Group&rdquo ) are expected to report a loss before tax for the Full  Financial Year ended 31 March 2014.    Based on a preliminary review of the Group&rsquo s performance, the loss is mainly attributable to:    1. Care and maintenance costs from our operations in Bolivia and Ghana     2. Substantial losses arising from the unrealised loss on financial assets at fair value through  profit and loss and    3. Substantial losses arising from impairment loss on goodwill and exploration and evaluation  expenditure.    The Group is in the process of finalising its Full Year Financial Results for FY2014, which will be  released on or before 30 May 2014.    In the meantime, the Board of Directors wishes to advise shareholders and investors to exercise  caution when dealing in the shares of the Company.        BY ORDER OF THE BOARD  Tan Soo Khoon Raymond  Executive Director  27 May 2014 "   |
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Demostation
Supreme |
27-May-2014 19:38
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Siao lang kong siao wey, hahaha!!!
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didisiaosiao
Master |
27-May-2014 19:12
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I buy n keep lah..... who think liongold will earn money now??? U???? N it shareprices still like tht if it can generate profit??? No wonder u sold ur arses w losses..... still dare to declare here..... buay paiseh????
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