Shen Yao
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ThinkEnv name change to Liongold Corp
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Why the halt?
huatster ( Date: 15-Nov-2013 08:21) Posted:
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For Dec 31..if include impairment loss of $106mil..Asiasons will report big losses
starlene ( Date: 14-Nov-2013 21:47) Posted:
Asiasons own about 6% of LionGold is the only co that makes profit for 3rd quarter sept 2103
3Q 2013 Profit : 33.2m ( 2012 : Loss 5.6m)
9 mths 2013 Profit : 31.6 m (2012: Profit 16.8m)*Subsequent to the end of reporting date of 30 September 2013, the price of quoted securities which the group has a significant stake experienced a sharp decrease in market price. Based on quoted securities price as at the close of 12 November 2013 and assuming that the quoted securities continue to trade at around this price level, the negative impact arising from fair value loss on the Group?s results for Quarter 4 ending 31 December 2013 would be approximately S$106 million. The slowdown in the economic growth of China through affecting the South East Asian Countries export driven economic growth, has caused a shift towards domestic consumption and reducing the reliance on exports. In the coming months, the Group will continue to focus its strategy in Indonesia, Thailand, Malaysia and Singapore where the consumer consumption is still relatively strong. The events immediately after the end of reporting date as at 30 September 2013 had caused a sharp decline in the share price of the Company. The Company expects to face challenges in its fund raising activities in its fund management business in the coming months ahead.
For the significant events after the end of reporting date of 30 September 2013, the management would also like to refer to the announcements made by the Company on 17 October 2013 ?Proposed Acquisition of 27.5% of Class B units in Black Elk Energy Offshore Operations LLC? and on 30 October 2013 ?Proposed Convertible Loan Facility of up to S$25 million?.
singa9999 ( Date: 14-Nov-2013 19:34) Posted:
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Asiasons own about 6% of LionGold is the only co that makes profit for 3rd quarter sept 2103
3Q 2013 Profit : 33.2m ( 2012 : Loss 5.6m) 9 mths 2013 Profit : 31.6 m (2012: Profit 16.8m)*Subsequent to the end of reporting date of 30 September 2013, the price of quoted securities which the group has a significant stake experienced a sharp decrease in market price. Based on quoted securities price as at the close of 12 November 2013 and assuming that the quoted securities continue to trade at around this price level, the negative impact arising from fair value loss on the Group?s results for Quarter 4 ending 31 December 2013 would be approximately S$106 million.
The slowdown in the economic growth of China through affecting the South East Asian Countries export driven economic growth, has caused a shift towards domestic consumption and reducing the reliance on exports. In the coming months, the Group will continue to focus its strategy in Indonesia, Thailand, Malaysia and Singapore where the consumer consumption is still relatively strong.
The events immediately after the end of reporting date as at 30 September 2013 had caused a sharp decline in the share price of the Company. The Company expects to face challenges in its fund raising activities in its fund management business in the coming months ahead.
For the significant events after the end of reporting date of 30 September 2013, the management would also like to refer to the announcements made by the Company on 17 October 2013 ?Proposed Acquisition of 27.5% of Class B units in Black Elk Energy Offshore Operations LLC? and on 30 October 2013 ?Proposed Convertible Loan Facility of up to S$25 million?.
singa9999 ( Date: 14-Nov-2013 19:34) Posted:
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While the SGX trio fiasco continues, here is another Aussie company that feels ASX did not do justice to its share price and is relisting on SGX....what a irony for trio-shareholders !!
http://www.rigzone.com/news/oil_gas/a/129995/Linc_Energys_Shareholders_Approve_Delisting_from_ASX_Move_to_SGX
the dilution is very very insignificant for A1 Consolidated Gold shares with 1 right for 11 shares and with Lion owning only 15% of A1, it should be rather insignificant here ! In fact this is good news that Lion subsidiaries can continue biz as per normal on their own accord and not stifled by the SGX fiasco !! IN fact today during closing, some fearful punters " sold-off" at 0.196...keep selling more....can collect more.
starlene ( Date: 14-Nov-2013 18:07) Posted:
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 !!
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Cant really understand why do a right issue for a mere 1.7 million?
Cant get a loan from bank, interest rate is so cheap now.
Is this company controlled by the same few shareholder of the trio?
what do you mean?
Peter_Pan ( Date: 14-Nov-2013 18:15) Posted:
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LionGold huat tua tua with a gold heart.
liongold gim bao cao
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 !!
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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 !!
Lion still sleeping?
Are you ready ,lion come back again
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_MediaRelease_AmayapampaGoldProjectUpdate_Final_13112013.ashx?App=Announcement& FileID=264123
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.
http://www.theedgemalaysia.com/highlights/262482-tong-kooi-ong-blogs-the-saga-of-asiasons-blumont-and-liongold-continues.html
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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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.
http://www.theedgemalaysia.com/highlights/262482-tong-kooi-ong-blogs-the-saga-of-asiasons-blumont-and-liongold-continues.html
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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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
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SGX
|
75
|
74
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0.50
|
148
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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
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Projects in China, in production
|
LingBao Gold
|
HKSE
|
170
|
794
|
3.00
|
265
|
Projects in China, in production
|
Zhongjin Gold
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SSE
|
4,629
|
5,493
|
15.00
|
366
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Projects in China, in production
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Shandong Gold
|
SSE
|
5,069
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5,969
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11.00
|
543
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Projects in China, in production
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Median Valuation
|
1,786
|
2,551
|
9.55
|
217
|
LionGold Corp
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SGX
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139
|
116
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7.00
|
17
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8 Projects: Australia, Ghana, Bolivia and Canada
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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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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
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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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