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-   -   Asiasons,Bluemont,LionCorp,the 3 designated stocks (http://forums.hardwarezone.com.sg/stocks-shares-indices-92/asiasons-bluemont-lioncorp-3-designated-stocks-4415830.html)

chensing 01-11-2013 05:15 PM

Quote:

Originally Posted by bliss-po (Post 80802835)
I feel trading the Infamous Trio now is much safer than going in other pennies..

It has somewhat stablise whereas for the others, there may be some liquidation to raise much needed cash.

..wow what happen celebrating Deepavali..all 3 heros went up today?

Innopac is also related to the 3..a good proxy for them at a fraction of their costs:s12:

Dyhalt 01-11-2013 06:35 PM

There is always risk involved with penny stock, trade at your own risk :D

No risk no gain, big risk big gain :s22:

chensing 01-11-2013 11:07 PM

Quote:

Originally Posted by Dyhalt (Post 80810865)
There is always risk involved with penny stock, trade at your own risk :D

No risk no gain, big risk big gain :s22:

Can Lion break resistance 24.5cts? and head higher

1 nov Lion Gold | Flickr - Photo Sharing!

tokyodrift 03-11-2013 01:02 AM

Market being spoilt. Previously, share prices are not supported fundamentally, fair enough. In recent times, you can even skip TA.

1) Key in buy order.
2) Wait for order to be filled.
3) Pray.

Keverus 03-11-2013 11:35 AM

Quote:

Originally Posted by tokyodrift (Post 80843446)
Market being spoilt. Previously, share prices are not supported fundamentally, fair enough. In recent times, you can even skip TA.

1) Key in buy order.
2) Wait for order to be filled.
3) Pray.

:s13::s13:

liddat may as well go play big small..

Dividends Warrior 03-11-2013 05:22 PM

Quote:

Originally Posted by Dyhalt (Post 80810865)
There is always risk involved with penny stock, trade at your own risk :D

No risk no gain, big risk big gain :s22:

Big risk big loss too......:o

chensing 05-11-2013 12:44 PM

Is this US base fund stupid invest nearly half of its US1 billion into these 3 cos..It also paid for 12cts into Innopac Hldgs? :s22:



If Asiasons can stay > 20cts with high vol ..Lion always > 20cts after the lifting on Oct 21 while Bluemont continue to stay below20cts.Willl Aleaxander(new CEO) and its interim results on Nov 7 lift Bluemont? :s13:
AseanTradingLink ( Date: 05-Nov-2013 10:53) Posted:


Platinum Partners invested in Asiasons, Blumont, LionGold before share collapse
Tips - CARI Malay Forums - Powered by Discuz! tid=765295& fromuid=1950303

chensing 06-11-2013 06:14 PM

Eden Advisors
Contrarian and value investors focusing on high alpha undervalued stocks

Sunday, October 20, 2013
Blumont and Liongold - What does the future hold for this two resource investment holdings?
Blumont
A share with a phenomenal rise over the last few months. It kept rising from 0.05 to 2.41 before crashing to its now 0.133 share price. Interestingly, a few days before the collapse, while I was on the train, I observed an aunty sitting beside me scrolling through her stock portfolio, one stock she stare at for a long while (like it could make a difference) was Blumont.

A stock that I saw everything that I was against.

- Phenomenal rises in prices for not much reason, at some point, its market cap made it worth more than SMRT or NOL while its largest acquisition is only 45m.
- No key all star management with special connections
- No key businesses but purely rising on acquisitions.

I found some interesting points that may possibly quantify an investments at current price of 0.133. Not at the previous high prices though. It was the unfolding of events plus the contrarian and bargain hunter mind of mine that seeks the cheapest price for the highest value.

At a risk of overstating anything, this is how I quantify things.

Investment highlights:
- Hong Kong-based mining entrepreneur Alexander Molyneux has been named chairman designate. He bought a 5.2% stake with a price ranging from $0.2 - $0.4/ share. So his minimum investment is at least $27m. No small sum for someone who was formerly an MD in Citibank for Investment banking in resources.
- With Alexander Molyneux on board, the company does gain some traction in creating a resource champion, especially with prices of resources at a low price now, it may makes sense to acquire undervalued assets.
- Platinum Partners will subscribe to redeemable convertible bonds for up to an aggregate principal
amount of US$200 million at 8.0% p.a.. A hedge fund interest continues to provide more support for its possible business credibility. Proceeds to be used to fund the announced investment in Discovery Metals Limited.
- Discovery Metals Limited is a credible investment, its current price of 0.7, was previously a privatization target by a billionaire. (which failed)

Risk
- Blumont yesterday said its one-for-two rights issue at five cents apiece was over-subscribed by about 37 per cent, raising gross proceeds of some $43.05 million. (The flood of new shares may continue to provide more downside pressure)
- No certainty of strategy. While company has additional $43.05m of cash, the NAV at 0.4 shows that it is valued 3x bookvalue at current price.
- Certain downside may still persist as people are running for cover.

Conclusion
- New chairman, new investors and strategic alliances can help this company to grow. But the lack of clear strategy other than mere acquisitions and aiming for lofty ambitions.
- While I am positive that the new chairman and the investment hedge fund appearance will help the company grow. I remain skeptical of any credible upside unless more funds are deployed through share placements.
- Target price 0.2 (upside of 50.4%)

Liongold
- Former Citibank Investment Banking MD at the helm (a smart dealmaker)
- More quantifiable assets and undervalued by most metrics (compared to similar sizable gold miners in the region and much cheaper than CNMC goldmine)
- Mere acquisitions only, not much good in terms of creating a good strategy. Unless a profitable strategy is drawn out, I remain skeptical of the price. On a pure gold mining value, it could be worth anything around 0.30/share (100% upside)

Disclaimer : Caveat Emptor (Buyers beware), the writer has no positions in this two stocks.


Extra notes on Platinum Partners
PPVAF is a multi-strategy hedge fund established and registered in the Cayman Islands with assets under management in excess of US$700 million and is managed by Platinum Partners
(the “Firm”). The Firm is a New York based investment management group with more than
US$1 billion in assets under management. The Firm was founded in 2003 by Mr. Mark
Nordlicht, an investor with over twenty years of experience in asset management. The Firm
manages a number of funds, including PPVAF.

Extra notes for Blumont

Copper (September 2013): Blumont entered into a concurrent convertible bond and equity placement agreement (the “Placement”) with Discovery Metals Limited (“DML”), a copper exploration and production company listed on the Australian Securities Exchange (“ASX”) and Botswana Stock Exchange, for a total investment consideration of approximately A$116 million. Pursuant to the Placement, Blumont acquired approximately 11.56% of the total issued share capital of DML;
Thermal Coal (September 2013): Blumont entered into a conditional share subscription agreement to acquire up to 15% of the potential enlarged issued share capital of ASX and Johannesburg Stock Exchange-listed coal mining company, Resource Generation Limited, for a total investment consideration of between A$20.97 million and A$22.11 million;
Copper (August 2013): Blumont acquired approximately 10.7% of the total issued share capital of ASX-listed Kidman Resources Limited, a company focused on the exploration and development of precious and base metals deposits within Australia;
 Uranium (July 2013): Blumont entered into a conditional sale and purchase agreement to acquire the entire issued and paid up share capital of investment holding company Powerlite Ventures Limited (“Powerlite”) for US$7.88 million (including the assignment of shareholders’ loans of an aggregate of US$4.5 million), giving the Group exposure to uranium projects in Kyrgyzstan and the United States of America through Powerlite’s interests in Azarga Resources Limited (“Azarga”), a major Asia-based uranium development and investment company. On 28 August 2013, the Group announced it was expanding its commitment to the uranium sector by increasing the size of its existing convertible loan facility to Azarga by US$6 million to US$21 million;
Coking Coal (July 2013): Blumont entered into a conditional agreement to acquire approximately 12.75% of the enlarged capital of ASX-listed Cokal Limited (“Cokal”), which focuses on coal exploration and metallurgical coal production, and has interests in coal exploration tenements in Central Kalimantan, Indonesia and Tanzania. On 7 October 2013, Blumont entered into a binding term sheet to extend a loan facility of up to US$8 million in principal amount to Cokal to fund the continuation of development work at Cokal’s projects;
Gold (July 2013): Blumont led a consortium of three partners to enter into a conditional agreement to acquire approximately 43.47% of the enlarged issued share capital of ASX-listed minerals explorer Prospect Resources Limited;
Thermal and Coking Coal (March 2013): Blumont acquired approximately 11.5% of the total issued share capital of ASX-listed Celsius Coal Ltd., a coking coal explorer focused on developing coking and thermal coal deposits in the Kyrgyz Republic; and
Iron Ore (December 2012): Blumont entered into a conditional sale and purchase agreement to subscribe for 2.5 million ordinary shares, representing the entire issued share capital of Hudson Minerals Holdings Pte Ltd., for a purchase consideration of up to S$48.0 million (including the assignment of shareholders’ loans of not less than S$5.5 million).


From website (http://blumont.listedcompany.com/new...004EBD37.2.pdf)

athletic91 07-11-2013 11:51 AM

Anyone day trading blumont ?

chensing 07-11-2013 03:43 PM

Company: Blumont Group Ltd
Slug: Why didn't four of its directors fully subscribe to the rights shares?

Date of Report: 06/11/2013
Producer: Ashish Saxena



Four out of five directors didn't exercise all of the rights they were provisionally allotted. Three other substantial shareholders also didn't subscribe all of the rights shares. Why?




6/11/2013 – Blumont Group Ltd's 861,002,293 newly-issued rights shares were listed on SGX on October 22.

Now that the rights' shares are listed on the SGX, the directors and substantial shareholders of Blumont have disclosed their change in shareholding interests.

Surprisingly, four directors and three other substantial shareholders didn't subscribe to all of the rights they were provisionally allotted.

This is surprising because one would expect them to be most bullish on the issue as it their brainchild.

Further, substantial shareholders will see a very significant dilution if they don't subscribe to the rights issue.

Also, why wouldn't they buy shares at 5 cents when the market price is more than 20 cents despite falling 90%?

Around the same time, Mr Goh Seh Kiat emerged as the single largest shareholder of Blumont with a 7.55% stake which he acquired at an undisclosed consideration.

Back in July, Blumont Group Ltd proposed a rights issue of one rights share, at 5 cents, for every two shares already held.

The rights issue price of 5 cents was at a discount of more than 96% to the market price of S$1.33, on July 29.

In our earlier story, we already highlighted how former Executive Chairman of Blumont Mr Neo Kim Hock made S$16.57 mln from sale of 'nil-paid' rights just hours before the sell-off on October 4.

Investor Central. We keep your investments honest.

1. Why didn't four of its directors fully-subscribe to the rights' shares?

The board of directors of Blumont proposed a rights issue to the shareholders at the AGM on April 22, 2013.

Subsequently, the shareholders approved the rights issue.

But now it turns out the directors didn't fully subscribe to their rights shares.

Calvin Lim Huan Kim – an independent director of Blumont and IPCO – subscribed to 700,000 shares in the rights issue.

The announcement said Mr Lim didn't exercise 300,000 provisional rights shares and let them lapse.

James Hong Gee Ho – an executive director of Blumont – didn't exercise 12,689,500 provisional rights' shares, but let them lapse.

Mr Hong exercised only 6,804,000 rights.

Lynne Ng Su Ling – an independent director of Blumont and LionGold - didn't exercise 15,550,000 provisional rights' shares and let them lapse.

Ms Ng exercised only 10,850,166 rights.

Neo Kim Hock – the former executive chairman of Blumont – didn't exercise 57,481,739 provisional rights shares and let them lapse.

Having already sold 7.445 mln 'nil-paid' rights earlier in October, Mr Neo exercised only 59,959,274 rights shares.

Together - Calvin Lim Huan Kim, James Hong Gee Ho, Lynee Ng Su Ling, Neo Kim Hock – didn't exercise 86,021,239 rights' shares.

Goh Boon Kok – the lead independent director of Blumont and an independent director of Magnus Energy Group Ltd and Super Coffeemix Manufacturing Ltd – is the only director who exercised all of his 1.5 mln rights .

But we still wonder why four of the directors didn't buy the rights' shares at 5 cents/share when the stock is still trading at about 20 cents, despite falling 90% since October 3.

Do the directors believe the rights issue at 5 cents/share was expensive?

Or, do they expect the stock to fall closer to, or lower than, the rights' issue price?

And in the larger context: why did the directors come up with a rights' issue if they were not willing to put their money where their mouths were?

2. Why didn't IPCO International Ltd subscribe to 4,550,000 rights' shares?

SGX-listed IPCO International Ltd owned a 9.98% stake (170,753,868 shares) in Blumont before the rights issue.

Therefore it was entitled to 85,376,934 provisional rights shares (1 rights share for every 2 existing shares).

But according to an October 23 announcement, IPCO International owns a 9.74% stake (251,580,802 shares) after the rights issue.

So, IPCO subscribed to 80,826,934 rights shares – that's 4,550,000 shares less than total rights shares it was provisionally allotted.

In other words, IPCO either sold the 4,550,000 'nil-paid' rights in the market soon after receiving them, or it just let them lapse.

Blumont's 'nil-paid' rights were traded on SGX from September 26 to October 4.

The 'nil-paid' rights are provisionally allotted rights, without paying the consideration (5 cents/right in this case).

In plain terms, the existing shareholders of Blumont were allotted 'nil-paid' rights (for free) which they could sell on SGX, before 5pm on October 4.

According to the trade data, 22,279,000 'nil-paid' rights were sold in the open market between September 26 and before suspension of trade at 10am on October 4.

Of that, 7,445,000 'nil-paid' rights were sold by Mr Neo Kim Hock.

Therefore that makes us wonder if IPCO sold those 4,550,000 'nil-paid' rights in the open market.

3. Why didn't Clear Water Developments Sdn Bhd exercise any of its rights?

Clear Water Developments Sdn Bhd owned a 10.62% stake (180 mln shares) in Blumont, before the rights issue.

That means it was allotted 90 mln provisional rights' shares.

But surprisingly, Clear Water Developments Sdn Bhd didn't exercise a single right.

As a result of the dilution, Clear Water Developments' 180 mln shares now make up only a 7% stake.

Clear Water Developments Sdn Bhd is controlled by Ms Dian Lee who is the spouse of Datuk Jared Lim, the managing director and co-founder of Asiasons Capital Ltd.

Asiasons Capital Ltd was also suspended from trade after a sell-off on October 4.

We wonder if Clear Water Developments Sdn Bhd sold some of the 'nil-paid' rights in the open market after exercising them, and before making the disclosure to the market.

Or did it just let them lapse?

4. Why didn't Billy Ooi Cheu Kok exercise 60.45 mln rights' shares?

Billy Ooi Cheu Kok was a substantial shareholder of Blumont with a 9.82% stake (169,118,000 shares) on October 3.

So, Mr Ooi was entitled to 84,559,000 provisional rights' shares.

But according to an October 23 announcement, Mr Ooi exercised 24,109,000 rights' shares.

That means, Mr Ooi didn't exercise 60,450,000 rights' shares.

We wonder if he sold the 'nil-paid' rights or let all of them lapse.

5. How could the bank sell Mr Ooi's rights shares within hours of the allotment?

In an October 24 announcement, Billy Ooi Cheu Kok claims a bank force-sold his 24,109,000 shares for S$4,942,345 on October 23.

That announcement comes a day after Mr Ooi disclosed allotment of the same number of shares for S$1,205,450.

It seems Mr Ooi rushed to the bank to pledge the newly allotted shares and the bank took no time to dump those shares in the market.

Apparently, the bank fetched 20.5 cents for every share that was allotted to Mr Ooi for just 5 cents.

That's a gain of more than 300%.

6. Who sold a 7.55% stake to Goh Seh Kiat?

In an October 24 announcement, Mr Goh Seh Kiat emerged as a substantial shareholder after he bought 153,651,274 shares (about a 5% stake) of Blumont through a ‘series on transactions' on October 23.

Interestingly, Mr Goh Seh Kiat didn't reveal how much he paid for such a substantial stake in the company.

Four days later, in an October 28 announcement, Mr Goh Seh Kiat disclosed the purchase of 40 mln more shares (about a 2.5% stake) of Blumont in an off-market deal on October 25.

Again, he didn't reveal the consideration.

So now, Mr Goh Seh Kiat owns a 7.55% stake in Blumont.

Further, in a November 5 announcement, Mr Goh Seh Kiat announced purchase of 66 mln more shares for an undisclosed consideration in an off-market deal on November 4.

That raised his stake in Blumont to 10.1%.
A quick look at trade data in NextView shows 47.81 mln shares of Blumont were traded on October 23.

Apparently, Mr Goh Seh Kiat didn't acquire more than 153.6 mln shares on the open market on October 23, as he claims in his October 24 announcement.

Therefore, who sold him those shares? And when?

We wonder if some of the existing shareholders of Blumont renounced their rights shares to Mr Goh Seh Kiat.

That could explain why he didn't disclose the purchase considerations in the announcements on October 24.

Also, who sold him shares on October 28 and November 4 in off-market deals?

That begs another question:

7. Who is Goh Seh Kiat?

Goh Seh Kiat, with a 7.55% stake, has emerged as the single largest shareholder of Blumont.

He is followed by Mr Alexander Molyneux – the new chairman of Blumont – who owns a 5.23% stake after the rights issue.

Sofar, Blumont has not introduced Mr Goh Seh Kiat to its shareholders (even though it announced Mr Molyneux's arrival on board).

A quick search on Google shows some Mr Goh Seh Kiat was a director and major shareholder of Negri Sembilan Oil Palms Berhad in 2002.

Also, an obituary in The Straits Times on November 15, 1983 identifies a Mr Goh Seh Kiat as the son of late Mr Goh Seong Pek who was a president of Tat Lee Bank Ltd and a director of National Iron & Steel Mills Ltd.

We don't know if it's the same Mr Goh Seh Kiat.

But we are curious to know what made him acquire such a substantial stake in Blumont.

And how much did he pay for that 7.55% stake?

8. What took Ms Ng more than 2 weeks to announce the sale of 3 mln shares?

Further down in her October 23 announcement, Ms Lynne Ng Su Ling revealed a further 3 mln shares were force-sold on October 7 and 8 –within a couple of trading sessions after the October 4 sell-off.

We wonder what took Ms Ng more than two weeks to announce the sale.

9. What took Mr Neo 10 days to announce the sale of 3.5 mln shares?

In an announcement on October 22, Mr Neo Kim Hock announced 3.5 mln shares were force-sold on October 10.

We wonder why he couldn't announce the transaction earlier.

We have sent these questions to the company to invite them for an on-camera interview, and/or seek their written response.

Sofar, we have not had a reply (which is why you are seeing this message).

Key financial ratios

The ticks and crosses below indicate whether the stock meets the following value investing criteria.
Price-book: 3.5x - "Price is what you pay, value is what you get" - Are you getting more than you pay for?
Yield: - - Does the stock pay a risk premium over fixed deposit rates?
Cashflow: (S$5 mln) - "Profit is opinion, cash is fact" - Is the company generating cash?
Total cash & equivalents: S$1.58 mln - Does the company have cash?
Source: Reuters
Management: Blumont Group Ltd was ranked 373rd in the Governance & Transparency Index, with a score of 33 points.

Major shareholder(s):
9.74% - IPCO International Ltd
7% - Clear Water Developments Sdn Bhd
6.34% - Neo Kim Hock
4.77% - Billy Ooi Cheu Kok

Consensus recommendation

Consensus call: Not Covered
Price target: Not Covered

Sources & further information

chensing 13-11-2013 11:28 PM

I was lucky to buy LionGold during the designated period and sold all on first day of lifting 21 Oct..will collect back < 20cts now



http://infopub.sgx.com/FileOpen/LGC_...=Announcement& FileID=264123

chensing 14-11-2013 06:14 PM

Liongold owns 15% of A1 Consolidated Gold
--------------------------------------------------------------------------------

ASX Release ? 14th November 2013
Fully Underwritten Non-renounceable
Rights Issue to raise $1.7 million

A1 Consolidated Gold Limited (ASX: AYC) today announced that, in conjunction with underwriters FSS Advisory Pty Ltd, it will conduct a fully underwritten non-renounceable rights issue to shareholders on the basis of 1 new share for every 11 held at the record date at $0.116 each to raise approximately $1.7m (before costs) (?Rights Issue?)

Fully Underwritten Rights Issue incl S708 notice and App 3B


singa9999 ( Date: 14-Nov-2013 13:42) Posted:




Lion's last 2 years performance as below - above $1 should be norm and still way below its valuation [entreprise value(EV) per ounce of gold] - dont think investors, analysts, fund managers were all fools investing in Lion & its well diversified excellent gold reserve assets & were merely speculating as many media reports have suggested ! Wake up Lion !!




Splits: none





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singa9999
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Lion's last 2 years performance as below - above $1 should be norm and still way below its valuation [entreprise value(EV) per ounce of gold] - dont think investors, analysts, fund managers were all fools investing in Lion & its well diversified excellent gold reserve assets & were merely speculating as many media reports have suggested ! Wake up Lion !!




Splits: none


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Alert Admin Lion still sleeping?
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Alert Admin Are you ready ,lion come back again
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I was lucky to buy LionGold during the designated period and sold all on first day of lifting 21 Oct..will collect back < 20cts now



http://infopub.sgx.com/FileOpen/LGC_...=Announcement& FileID=264123
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13-Nov-2013 22:40 About singa9999 Contact Quote!

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Alert Admin sleep well Rosesyrup ! Health is a bigger wealth anyway :-)

Rosesyrup ( Date: 13-Nov-2013 22:28) Posted:




Thanks, your words do boost some confident- cos I am losing sleep these days.

Hopefully they announce the end of their investigation by tomorrow. Good or bad news, investigation must end already.

Any way the I am speculating that the saga should be ending in a few weeks times, as I have read in an article that brokage firms are falling into distress as SGX's investigation continues to surpress the prices and killing their customers. This should put pressure on the regulators to clarify things ASAP. SHORTISTS ARE TAKING ADVANTAGES OF THE UNCERTAINTY.

Tong Kooi Ong blogs: The saga of Asiasons, Blumont and LionGold continues

EVERYONE PLEASEE DYODD. I am not making a buy call here as I have totally no confident also. Vested in Blumont, and still looking for chance to enter Liongold.

singa9999 ( Date: 13-Nov-2013 22:16) Posted:




what is the point Rosesyrup in attending SIAS forum......no use......just a talk-shop, telling you what rights you have etc etc.....we have managed to get MAS to investigate etc etc.....just applying some balm to the sores !! Fact is ( I was reading in another forum), there are people who made BIG TONS of money shorting these counters.....and they were openly talking in those forums...how they made 350-400K in a few hours/days which they never made before in their lives ( if MAS has to investigate - have to investigate which lunatic started the process & pushed the shorting momentum).....could be some lunatic/Guy Fox etc who all were also hacking the Govt websites etc (remember Glaucus and the China Minzhong case)....and it caught momentum and spread to all three counters as they either shared directors or had investments ( eg Asiasons owning 9% of Liongold etc)....And the recent stories we all know -- Brokerage control & fear of investigation news has pushed the shares further down rather artificially....if we have to gain back credibility as a " vibrant financial hub" ....we rather be out with investigation findings whatever they may be !!!

Also it is funny that people ask so many questions today when we have a shameful " financial mkt fiasco" . We have so many experts analysing/scrutinizing financials of all these counters over the last 12-18 months and no one doubted/shouted/shared anything !!??

Furthermore, it seems our SGX is not knowledgeable enough on mining companies - for such companies, it is not NAV that matters, but rather " enterprise values" that matter....and based on that BlueLion was moving higher and higher over the 12-18 months, is my naïve comment possibly. I have just shared in the other forum on Lion, how its " enterprise value" at current share px is ridiculously low and even 10fold increase in share price or 5fold increase in price and no of shares doubled by new issuances, would still make its valuation way lower than the industry average.....so when Lion was trading at $1 or $1.60, its valuation was still way lower than the gold industry valuation average anyway !!! Find out for Blumont what its enterprise-value is, should be the same story.....not people & fund Mgrs & retailers just blindly putting money in and in & speculated the prices up to over $2 over a period of more than 1 year like stupid fools --- tough proposal to sell !!!!!! Do not worry we shall definitely see bright light at end of tunnel, theshameful financial fiasco hopefully to end soon. Good luck






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Rosesyrup
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Thanks, your words do boost some confident- cos I am losing sleep these days.

Hopefully they announce the end of their investigation by tomorrow. Good or bad news, investigation must end already.

Any way the I am speculating that the saga should be ending in a few weeks times, as I have read in an article that brokage firms are falling into distress as SGX's investigation continues to surpress the prices and killing their customers. This should put pressure on the regulators to clarify things ASAP. SHORTISTS ARE TAKING ADVANTAGES OF THE UNCERTAINTY.

Tong Kooi Ong blogs: The saga of Asiasons, Blumont and LionGold continues

EVERYONE PLEASEE DYODD. I am not making a buy call here as I have totally no confident also. Vested in Blumont, and still looking for chance to enter Liongold.

singa9999 ( Date: 13-Nov-2013 22:16) Posted:




what is the point Rosesyrup in attending SIAS forum......no use......just a talk-shop, telling you what rights you have etc etc.....we have managed to get MAS to investigate etc etc.....just applying some balm to the sores !! Fact is ( I was reading in another forum), there are people who made BIG TONS of money shorting these counters.....and they were openly talking in those forums...how they made 350-400K in a few hours/days which they never made before in their lives ( if MAS has to investigate - have to investigate which lunatic started the process & pushed the shorting momentum).....could be some lunatic/Guy Fox etc who all were also hacking the Govt websites etc (remember Glaucus and the China Minzhong case)....and it caught momentum and spread to all three counters as they either shared directors or had investments ( eg Asiasons owning 9% of Liongold etc)....And the recent stories we all know -- Brokerage control & fear of investigation news has pushed the shares further down rather artificially....if we have to gain back credibility as a " vibrant financial hub" ....we rather be out with investigation findings whatever they may be !!!

Also it is funny that people ask so many questions today when we have a shameful " financial mkt fiasco" . We have so many experts analysing/scrutinizing financials of all these counters over the last 12-18 months and no one doubted/shouted/shared anything !!??

Furthermore, it seems our SGX is not knowledgeable enough on mining companies - for such companies, it is not NAV that matters, but rather " enterprise values" that matter....and based on that BlueLion was moving higher and higher over the 12-18 months, is my naïve comment possibly. I have just shared in the other forum on Lion, how its " enterprise value" at current share px is ridiculously low and even 10fold increase in share price or 5fold increase in price and no of shares doubled by new issuances, would still make its valuation way lower than the industry average.....so when Lion was trading at $1 or $1.60, its valuation was still way lower than the gold industry valuation average anyway !!! Find out for Blumont what its enterprise-value is, should be the same story.....not people & fund Mgrs & retailers just blindly putting money in and in & speculated the prices up to over $2 over a period of more than 1 year like stupid fools --- tough proposal to sell !!!!!! Do not worry we shall definitely see bright light at end of tunnel, theshameful financial fiasco hopefully to end soon. Good luck.

Rosesyrup ( Date: 13-Nov-2013 21:00) Posted:


Anyone attending tomorrow SIAS forum






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spss1955
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Alert Admin That'll be great! lol

look4ang ( Date: 13-Nov-2013 21:58) Posted:


It should go back to around $1 before it crash! Huat ah!

singa9999 ( Date: 13-Nov-2013 19:16) Posted:




yes good news indeed ! And that means (from today's report) -

___________________________________



" " " " LionGold grows diversified gold mining assets

With this Resource increase, LionGold now holds 7.5 million ounces of gold resources, which translates to a US$16 EV/ounce of gold resource as of 12 November 2013. In addition, the soon-to-be completed updated NI43-101 Report will provide guidance on Amayapampa Project?s Mineral Reserves. " " "

______________________________

US$16 EV/ounce of gold as of 12 Nov 2013 is just too LOW a VALUATION for a gold mining company of any size and Lion has well diversified excellent assets all around the world....I keep posting all the time ! Refer to their EV/ounce comparison chart of gold companies around the world declared to SGX on 11October 2013, as shown below. A 10-fold increase in valuation from current level of US$16, would still be lower than the median valuation of listed gold mining companies in SGX, HKSE, SSE which stands at 217.....it means share px can easily go up 10-fold from current level and still be ok valuation-wise, is my take......make your own judgement calls please b4 investing......penned down what I think.

Peer comparison: Global Gold Companies listed in Asia Company

Name

Country of listing

Market Cap (US$/M)

Enterprise Value (US$/M)

Resource

(Gold Moz)

EV/

Resource

Operations


CNMC Goldmine

SGX

75

74

0.50

148

Malaysia, Sokor, in production


G-Resources

HKSE

765

780

8.10

96

Indonesia, Martabe, in production


Zhaojin Mining

HKSE

2,492

3,795

22.20

171

Projects in China, in production


China Gold

HKSE

1,080

1,308

8.10

161

Projects in Tibet, Inner Mongolia, in production


Zijin Mining

HKSE

8,027

11,789

44.80

263

Projects in China, in production


LingBao Gold

HKSE

170

794

3.00

265

Projects in China, in production


Zhongjin Gold

SSE

4,629

5,493

15.00

366

Projects in China, in production


Shandong Gold

SSE

5,069

5,969

11.00

543

Projects in China, in production


Median Valuation

1,786

2,551

9.55

217


LionGold Corp

SGX

139

116

7.00

17

8 Projects: Australia, Ghana, Bolivia and Canada


For Liongold the valuation ( at current price) changed from 17 to 16 with today's SGX disclosure on Bolivia gold deposit .....just too low where the median valuation for a gold mining company is 217 !!!

Vested.








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singa9999
Member
13-Nov-2013 22:16 About singa9999 Contact Quote!

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Alert Admin

what is the point Rosesyrup in attending SIAS forum......no use......just a talk-shop, telling you what rights you have etc etc.....we have managed to get MAS to investigate etc etc.....just applying some balm to the sores !! Fact is ( I was reading in another forum), there are people who made BIG TONS of money shorting these counters.....and they were openly talking in those forums...how they made 350-400K in a few hours/days which they never made before in their lives ( if MAS has to investigate - have to investigate which lunatic started the process & pushed the shorting momentum).....could be some lunatic/Guy Fox etc who all were also hacking the Govt websites etc (remember Glaucus and the China Minzhong case)....and it caught momentum and spread to all three counters as they either shared directors or had investments ( eg Asiasons owning 9% of Liongold etc)....And the recent stories we all know -- Brokerage control & fear of investigation news has pushed the shares further down rather artificially....if we have to gain back credibility as a " vibrant financial hub" ....we rather be out with investigation findings whatever they may be !!!

Also it is funny that people ask so many questions today when we have a shameful " financial mkt fiasco" . We have so many experts analysing/scrutinizing financials of all these counters over the last 12-18 months and no one doubted/shouted/shared anything !!??

Furthermore, it seems our SGX is not knowledgeable enough on mining companies - for such companies, it is not NAV that matters, but rather " enterprise values" that matter....and based on that BlueLion was moving higher and higher over the 12-18 months, is my naïve comment possibly. I have just shared in the other forum on Lion, how its " enterprise value" at current share px is ridiculously low and even 10fold increase in share price or 5fold increase in price and no of shares doubled by new issuances, would still make its valuation way lower than the industry average.....so when Lion was trading at $1 or $1.60, its valuation was still way lower than the gold industry valuation average anyway !!! Find out for Blumont what its enterprise-value is, should be the same story.....not people & fund Mgrs & retailers just blindly putting money in and in & speculated the prices up to over $2 over a period of more than 1 year like stupid fools --- tough proposal to sell !!!!!! Do not worry we shall definitely see bright light at end of tunnel, theshameful financial fiasco hopefully to end soon. Good luck.

Rosesyrup ( Date: 13-Nov-2013 21:00) Posted:


Anyone attending tomorrow SIAS forum?

singa9999 ( Date: 13-Nov-2013 19:16) Posted:




yes good news indeed ! And that means (from today's report) -

___________________________________



" " " " LionGold grows diversified gold mining assets

With this Resource increase, LionGold now holds 7.5 million ounces of gold resources, which translates to a US$16 EV/ounce of gold resource as of 12 November 2013. In addition, the soon-to-be completed updated NI43-101 Report will provide guidance on Amayapampa Project?s Mineral Reserves. " " "

______________________________

US$16 EV/ounce of gold as of 12 Nov 2013 is just too LOW a VALUATION for a gold mining company of any size and Lion has well diversified excellent assets all around the world....I keep posting all the time ! Refer to their EV/ounce comparison chart of gold companies around the world declared to SGX on 11October 2013, as shown below. A 10-fold increase in valuation from current level of US$16, would still be lower than the median valuation of listed gold mining companies in SGX, HKSE, SSE which stands at 217.....it means share px can easily go up 10-fold from current level and still be ok valuation-wise, is my take......make your own judgement calls please b4 investing......penned down what I think.

Peer comparison: Global Gold Companies listed in Asia Company

Name

Country of listing

Market Cap (US$/M)

Enterprise Value (US$/M)

Resource

(Gold Moz)

EV/

Resource

Operations


CNMC Goldmine

SGX

75

74

0.50

148

Malaysia, Sokor, in production


G-Resources

HKSE

765

780

8.10

96

Indonesia, Martabe, in production


Zhaojin Mining

HKSE

2,492

3,795

22.20

171

Projects in China, in production


China Gold

HKSE

1,080

1,308

8.10

161

Projects in Tibet, Inner Mongolia, in production


Zijin Mining

HKSE

8,027

11,789

44.80

263

Projects in China, in production


LingBao Gold

HKSE

170

794

3.00

265

Projects in China, in production


Zhongjin Gold

SSE

4,629

5,493

15.00

366

Projects in China, in production


Shandong Gold

SSE

5,069

5,969

11.00

543

Projects in China, in production


Median Valuation

1,786

2,551

9.55

217


LionGold Corp

SGX

139

116

7.00

17

8 Projects: Australia, Ghana, Bolivia and Canada


For Liongold the valuation ( at current price) changed from 17 to 16 with today's SGX disclosure on Bolivia gold deposit .....just too low where the median valuation for a gold mining company is 217 !!!

Vested.








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look4ang
Member
13-Nov-2013 21:58 About look4ang Contact Quote!

x 0
x 0

Alert Admin It should go back to around $1 before it crash! Huat ah!

singa9999 ( Date: 13-Nov-2013 19:16) Posted:




yes good news indeed ! And that means (from today's report) -

___________________________________



" " " " LionGold grows diversified gold mining assets

With this Resource increase, LionGold now holds 7.5 million ounces of gold resources, which translates to a US$16 EV/ounce of gold resource as of 12 November 2013. In addition, the soon-to-be completed updated NI43-101 Report will provide guidance on Amayapampa Project?s Mineral Reserves. " " "

______________________________

US$16 EV/ounce of gold as of 12 Nov 2013 is just too LOW a VALUATION for a gold mining company of any size and Lion has well diversified excellent assets all around the world....I keep posting all the time ! Refer to their EV/ounce comparison chart of gold companies around the world declared to SGX on 11October 2013, as shown below. A 10-fold increase in valuation from current level of US$16, would still be lower than the median valuation of listed gold mining companies in SGX, HKSE, SSE which stands at 217.....it means share px can easily go up 10-fold from current level and still be ok valuation-wise, is my take......make your own judgement calls please b4 investing......penned down what I think.

Peer comparison: Global Gold Companies listed in Asia Company

Name

Country of listing

Market Cap (US$/M)

Enterprise Value (US$/M)

Resource

(Gold Moz)

EV/

Resource

Operations


CNMC Goldmine

SGX

75

74

0.50

148

Malaysia, Sokor, in production


G-Resources

HKSE

765

780

8.10

96

Indonesia, Martabe, in production


Zhaojin Mining

HKSE

2,492

3,795

22.20

171

Projects in China, in production


China Gold

HKSE

1,080

1,308

8.10

161

Projects in Tibet, Inner Mongolia, in production


Zijin Mining

HKSE

8,027

11,789

44.80

263

Projects in China, in production


LingBao Gold

HKSE

170

794

3.00

265

Projects in China, in production


Zhongjin Gold

SSE

4,629

5,493

15.00

366

Projects in China, in production


Shandong Gold

SSE

5,069

5,969

11.00

543

Projects in China, in production


Median Valuation

1,786

2,551

9.55

217


LionGold Corp

SGX

139

116

7.00

17

8 Projects: Australia, Ghana, Bolivia and Canada


For Liongold the valuation ( at current price) changed from 17 to 16 with today's SGX disclosure on Bolivia gold deposit .....just too low where the median valuation for a gold mining company is 217 !!!

Vested.



look4ang ( Date: 13-Nov-2013 18:40) Posted:


LionGold?s Bolivia Gold Project delivers a 40% increase in its Mineral Resource estimate to now contain a total of 1.79 million ounces of gold The opportunity now exists to optimise the design of the mine and gold processing plant to deliver the planned ounces per annum through a smaller operation with reduced Project operating and capital costs.






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Rosesyrup
Veteran
13-Nov-2013 21:00 About Rosesyrup Contact Quote!
Yells: "Get your own opinion, don't follow blindly."
x 0
x 0

Alert Admin Anyone attending tomorrow SIAS forum?

singa9999 ( Date: 13-Nov-2013 19:16) Posted:




yes good news indeed ! And that means (from today's report) -

___________________________________



" " " " LionGold grows diversified gold mining assets

With this Resource increase, LionGold now holds 7.5 million ounces of gold resources, which translates to a US$16 EV/ounce of gold resource as of 12 November 2013. In addition, the soon-to-be completed updated NI43-101 Report will provide guidance on Amayapampa Project?s Mineral Reserves. " " "

______________________________

US$16 EV/ounce of gold as of 12 Nov 2013 is just too LOW a VALUATION for a gold mining company of any size and Lion has well diversified excellent assets all around the world....I keep posting all the time ! Refer to their EV/ounce comparison chart of gold companies around the world declared to SGX on 11October 2013, as shown below. A 10-fold increase in valuation from current level of US$16, would still be lower than the median valuation of listed gold mining companies in SGX, HKSE, SSE which stands at 217.....it means share px can easily go up 10-fold from current level and still be ok valuation-wise, is my take......make your own judgement calls please b4 investing......penned down what I think.

Peer comparison: Global Gold Companies listed in Asia Company

Name

Country of listing

Market Cap (US$/M)

Enterprise Value (US$/M)

Resource

(Gold Moz)

EV/

Resource

Operations


CNMC Goldmine

SGX

75

74

0.50

148

Malaysia, Sokor, in production


G-Resources

HKSE

765

780

8.10

96

Indonesia, Martabe, in production


Zhaojin Mining

HKSE

2,492

3,795

22.20

171

Projects in China, in production


China Gold

HKSE

1,080

1,308

8.10

161

Projects in Tibet, Inner Mongolia, in production


Zijin Mining

HKSE

8,027

11,789

44.80

263

Projects in China, in production


LingBao Gold

HKSE

170

794

3.00

265

Projects in China, in production


Zhongjin Gold

SSE

4,629

5,493

15.00

366

Projects in China, in production


Shandong Gold

SSE

5,069

5,969

11.00

543

Projects in China, in production


Median Valuation

1,786

2,551

9.55

217


LionGold Corp

SGX

139

116

7.00

17

8 Projects: Australia, Ghana, Bolivia and Canada


For Liongold the valuation ( at current price) changed from 17 to 16 with today's SGX disclosure on Bolivia gold deposit .....just too low where the median valuation for a gold mining company is 217 !!!

Vested.



look4ang ( Date: 13-Nov-2013 18:40) Posted:


LionGold?s Bolivia Gold Project delivers a 40% increase in its Mineral Resource estimate to now contain a total of 1.79 million ounces of gold The opportunity now exists to optimise the design of the mine and gold processing plant to deliver the planned ounces per annum through a smaller operation with reduced Project operating and capital costs.






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singa9999
Member
13-Nov-2013 19:16 About singa9999 Contact Quote!

x 0
x 0

Alert Admin

yes good news indeed ! And that means (from today's report) -

___________________________________



" " " " LionGold grows diversified gold mining assets

With this Resource increase, LionGold now holds 7.5 million ounces of gold resources, which translates to a US$16 EV/ounce of gold resource as of 12 November 2013. In addition, the soon-to-be completed updated NI43-101 Report will provide guidance on Amayapampa Project?s Mineral Reserves. " " "

______________________________

US$16 EV/ounce of gold as of 12 Nov 2013 is just too LOW a VALUATION for a gold mining company of any size and Lion has well diversified excellent assets all around the world....I keep posting all the time ! Refer to their EV/ounce comparison chart of gold companies around the world declared to SGX on 11October 2013, as shown below. A 10-fold increase in valuation from current level of US$16, would still be lower than the median valuation of listed gold mining companies in SGX, HKSE, SSE which stands at 217.....it means share px can easily go up 10-fold from current level and still be ok valuation-wise, is my take......make your own judgement calls please b4 investing......penned down what I think.

Peer comparison: Global Gold Companies listed in Asia Company

Name

Country of listing

Market Cap (US$/M)

Enterprise Value (US$/M)

Resource

(Gold Moz)

EV/

Resource

Operations


CNMC Goldmine

SGX

75

74

0.50

148

Malaysia, Sokor, in production


G-Resources

HKSE

765

780

8.10

96

Indonesia, Martabe, in production


Zhaojin Mining

HKSE

2,492

3,795

22.20

171

Projects in China, in production


China Gold

HKSE

1,080

1,308

8.10

161

Projects in Tibet, Inner Mongolia, in production


Zijin Mining

HKSE

8,027

11,789

44.80

263

Projects in China, in production


LingBao Gold

HKSE

170

794

3.00

265

Projects in China, in production


Zhongjin Gold

SSE

4,629

5,493

15.00

366

Projects in China, in production


Shandong Gold

SSE

5,069

5,969

11.00

543

Projects in China, in production


Median Valuation

1,786

2,551

9.55

217


LionGold Corp

SGX

139

116

7.00

17

8 Projects: Australia, Ghana, Bolivia and Canada


For Liongold the valuation ( at current price) changed from 17 to 16 with today's SGX disclosure on Bolivia gold deposit .....just too low where the median valuation for a gold mining company is 217 !!!

Vested.



look4ang ( Date: 13-Nov-2013 18:40) Posted:


LionGold?s Bolivia Gold Project delivers a 40% increase in its Mineral Resource estimate to now contain a total of 1.79 million ounces of gold The opportunity now exists to optimise the design of the mine and gold processing plant to deliver the planned ounces per annum through a smaller operation with reduced Project operating and capital costs.



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look4ang
Member
13-Nov-2013 18:40 About look4ang Contact Quote!

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Alert Admin LionGold?s Bolivia Gold Project delivers a 40% increase in its Mineral Resource estimate to now contain a total of 1.79 million ounces of gold The opportunity now exists to optimise the design of the mine and gold processing plant to deliver the planned ounces per annum through a smaller operation with reduced Project operating and capital costs.
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danytan
Senior
13-Nov-2013 18:40 About danytan Contact Quote! Mood:
Yells: "Up up and away!"
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Alert Admin yes saw this. this may push lion back to the 0.2 range.

look4ang ( Date: 13-Nov-2013 18:37) Posted:




Good news!

http://infopub.sgx.com/Apps?A=COW_Co...ement_Content& B=AnnouncementLast3Months& F=1022319& fileId=LGC_MediaRelease_AmayapampaGoldProjectUpdate_Final_13112013.pdf



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look4ang
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13-Nov-2013 18:37 About look4ang Contact Quote!

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Good news!

http://infopub.sgx.com/Apps?A=COW_Co...ement_Content& B=AnnouncementLast3Months& F=1022319& fileId=LGC_MediaRelease_AmayapampaGoldProjectUpdate_Final_13112013.pdf
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akchua
Senior
13-Nov-2013 13:39 About akchua Contact Quote!

x 0
x 0

Alert Admin

ok, saw it.

The financial unrealised gain/lose is based on 8 Nov.

Thanks


cccx123 ( Date: 13-Nov-2013 13:15) Posted:


Did you even read? Lol..

akchua ( Date: 13-Nov-2013 12:51) Posted:




No, the statement is for period ended 30 Sep 2013.

If u are referring to 6 month 2014, that is their company financial year. The cut off date is still 30 Sep 2013, anything after that is not shown.









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Rosesyrup
Veteran
13-Nov-2013 13:29 About Rosesyrup Contact Quote!
Yells: "Get your own opinion, don't follow blindly."
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Alert Admin OR Singa999 can help to solve the mystery?

Rosesyrup ( Date: 13-Nov-2013 13:20) Posted:




cccx123, you can do accounting analysis? Can help answer my question below? Don't worry I am not creating fear here as I have posted the same question on Blumont's forum, the counter which I am vested in.

If possible please help. Thanks. An objective view would be much appreciated.

cccx123 ( Date: 13-Nov-2013 13:15) Posted:


Did you even read? Lol.






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Rosesyrup
Veteran
13-Nov-2013 13:20 About Rosesyrup Contact Quote!
Yells: "Get your own opinion, don't follow blindly."
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Alert Admin

cccx123, you can do accounting analysis? Can help answer my question below? Don't worry I am not creating fear here as I have posted the same question on Blumont's forum, the counter which I am vested in.

If possible please help. Thanks. An objective view would be much appreciated.

cccx123 ( Date: 13-Nov-2013 13:15) Posted:


Did you even read? Lol..

akchua ( Date: 13-Nov-2013 12:51) Posted:




No, the statement is for period ended 30 Sep 2013.

If u are referring to 6 month 2014, that is their company financial year. The cut off date is still 30 Sep 2013, anything after that is not shown.









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cccx123
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13-Nov-2013 13:15 About cccx123 Contact Quote!

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Alert Admin Did you even read? Lol..

akchua ( Date: 13-Nov-2013 12:51) Posted:




No, the statement is for period ended 30 Sep 2013.

If u are referring to 6 month 2014, that is their company financial year. The cut off date is still 30 Sep 2013, anything after that is not shown.




cccx123 ( Date: 13-Nov-2013 12:25) Posted:


Read pg 15 of the report. The events of October and November have already been factored into liongold's statements. Only blumont has not.






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windwaver 15-11-2013 08:53 AM

Quote:

Originally Posted by chensing (Post 81130407)
I was lucky to buy LionGold during the designated period and sold all on first day of lifting 21 Oct..will collect back < 20cts now



http://infopub.sgx.com/FileOpen/LGC_...=Announcement& FileID=264123

LionGold trading halt

nature 15-11-2013 09:12 AM

I was lucky, I sold all my LG a day before the plunge. Now looking to buy back

chensing 15-11-2013 04:07 PM

Quote:

Originally Posted by nature (Post 81161981)
I was lucky, I sold all my LG a day before the plunge. Now looking to buy back

Congras!..


I bought during the designated period by going thru the hassle of bringin g cash during those periods and sold off all on Oct 21 when the curb lifted..good profits..ya I think LionGold $ Asiasons can try only..bluemont very fishy...still has directors kenna forced sell

Latest on LG pte placement today...:s12:


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