
erm, you sure they selling to market already ? I tot SGX haven't approve the shares yet. 
 
 
akchua ( Date: 18-Nov-2013 17:06) Posted:
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I dont think they are confident, probably selling to market already since they got the shares cheaper.
edwinjup ( Date: 17-Nov-2013 16:17) Posted:
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think these counters should change their name liao .... 
CNMC is moving up and likely most up lately.  Most punters had switch side to play this counter instead of Lion
Someone fed the lion with laxative again. Stop being so cruel to the lion. 
I see. Placement will drive the price up but not much i think. But hope for the best!
edwinjup ( Date: 17-Nov-2013 16:17) Posted:
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Placement....not right issues....just wanna why placee so confident...anything they know and we dont.know...??
dekmelvie ( Date: 17-Nov-2013 16:12) Posted:
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Rights issue?? Scary. Be careful to those retailers. If you been bought at the high then probably u would like to average then get out. It will go up for sometime and will go down on the xrights. caveat!
 
More investor investing into this Company, means a good sign.
Huat ahhh
 
 
LionGold to issue 98.2m new shares at 18.3 cts/shr to raise S$17m
LionGold Corp on Friday said it plans to place 98.2 million new shares at 18.3 cents each to raise net proceeds of about S$17.1 million for its gold mining operations and working capital.
At 18.3 cents each, the issue price represents a 7.85 per cent discount to its volume weighted average price of 19.86 cents for trades done on Thursday.
The shares will be placed to three subscribers: Wintercrest Advisors LLC, Stephen Yeo Mah Ai and Sia Ah Kheng.
Wintercrest is a hedge fund manager owned by Platinum Partners Value Arbitrage Fund, while Mr Yeo is a financial consultant and Mr Sia, a businessman with interests in a construction business.
Latest News from Bloomberg, Huat Arr...
LionGold Mulls Acquisitions
Nov 15 13
LionGold Corp Ltd (SGX:A78) is seeking acquisitions. It said that notwithstanding the recent developments in LionGold's share price, LionGold will continue to seek out opportunistic acquisition of gold mining assets and pursue various methods of inorganic growth including strategic alliances, joint ventures and financing or equity partners.
LionGold Provides Update on Bolivia Gold Project
Nov 13 13
AMC Mining Consultants Ltd. completed a Technical Report on the Amayapampa Gold Project in Bolivia in January 2011, which was prepared in accordance with the Canadian Securities Administrator's requirements of National Instrument 43-101. The Report contemplated the construction and operation of an open pit gold mine, mining 7,500 tonnes per day (2.7 million tonnes per annum), and producing a nominal 95,000 ounces of gold from an average head grade of 1.3 grams per tonne gold over an eight year mine life. LionGold Corp. Ltd. acquired Minera Nueva Vista, the legal and beneficial owner of the Amayapampa Gold Project, in December 2012. In early 2013, LionGold commissioned AMC to update the Report. The Amayapampa deposit is understood to be more complex than the existing geological model represents. AMC has re-estimated the model with the existing data and the addition of new data obtained since the 2011 Report was done, applying a different approach to the interpretation of the mineralisation. The change in modeling approach has reinterpreted the mineralised zones from being a large low grade volume to smaller, higher grade veins. The AMC model contains less tonnes at a substantially higher grade. There has been a loss of Indicated Resource tonnage due to a change in the estimate of previously mined material and the mineralisation being modeled as narrow veins. The change in modeling has seen an overall decrease in tonnage by 11.8 million tonnes (34%), a doubling of the grade from 1.1g/t to 2.4g/t (an increase of 118%) for a corresponding 40% increase (507,000 ounces) in the Resource to now be at 1.79 million ounces. In parallel with updating the Report, LionGold has been planning to commence mining at a smaller scale (1,500 tonnes per day) for the first three years, then moving to the increased mill feed rate in line with the new mine plan currently being developed. Preliminary design work has been completed for the Stage 1 gold processing plant, and bids are currently being sought for design and construction of this plant. A preferred consultant has been identified to carry out the designs required for the water supply dam and tailings storage facility. With this Resource increase, LionGold now holds 7.5 million ounces of gold resources, which translates to a $16 EV/ounce of gold resource as of November 12, 2013.
http://www.businesstimes.com.sg/premium/top-stories/sias-chief-calls-heavy-fines-those-who-breach-listing-rules-20131109
 
 
This article is dated on 9 Nov. If it were to run, it should have ran this week actually. 
 
Now is see market willing to buy up or not only. 
Are u vested ryuuenji? New nick? Lol
Ryuuenji ( Date: 16-Nov-2013 08:24) Posted:
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Wah , LG going to huat ah
 
 
Rosesyrup ( Date: 16-Nov-2013 01:33) Posted:
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read before you comment with such arrogant tone. so what is the big deal about you?
Ryuuenji ( Date: 16-Nov-2013 08:24) Posted:
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Need this $,  for working capital?.
oldbirdy ( Date: 16-Nov-2013 09:49) Posted:
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Raising funds? ?
  What's the big deal about SIAS n Gerald?
You think SIAS/Gerald is a market mover whenever they made comments? Such an organisation should close long time ago.. Since when are they effective in dealing with those past incidents. Since when has MAS n SGX ever pay attention to SIAS?.
  As long as SGX's hand is fisted on these three counters, no annocements or any SIAS action can bring confident back to ABL.
 
Thanks for the news friend.
Got your hints and hope you are right. Thanks alot, tonight can sleep soundly  already.
For those still don't quite get it, I have hilighted the important part, try to decipher it on your own. Cause if I say anything further shortists gonna make more lame personal attack-  feeling emotionally burnt out  from their nonsense already. So   DYODD and help yourself.
SIAS has reviewed Asiasons, Blumont and LionGold with technology company Handshakes, and discovered a recent instance when a share price run-up came before the announcement of a sizeable acquisition, Mr Gerald said. A listed company is required to seek shareholders' approval when a deal it plans to undertake is proportionately large for its size. In this instance, the preceding share-price run sufficiently affected the way certain ratios were calculated. Hence, such shareholders' approval was not required.
Mr Gerald said it's timely for the regulators to review instances where unusual price movements affect ratios that determine the need for shareholder approvals.
" We want to avoid situations where unusual price movements inadvertently deprive shareholders of a say in significant matters," he said.
Listed companies should also be required to state clearly whether they had been queried recently in disclosures when they announce acquisitions and disposals to shareholders, Mr Gerald added.
gaoshou ( Date: 15-Nov-2013 18:12) Posted:
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Funds and big investors subscribe for shares at this moment proves that they are confident with LionGold. Also, to prove that there should be no issue with the company. With this news, i will add more LionGold. Hope that it huat :)
My 2 cents...