Post Reply
321-340 of 719
It should go back to around $1 before it crash! Huat ah!
singa9999 ( Date: 13-Nov-2013 19:16) 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.
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.
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_CorporateAnnouncement_Content& B=AnnouncementLast3Months& F=1022319& fileId=LGC_MediaRelease_AmayapampaGoldProjectUpdate_Final_13112013.pdf
ok, saw it.
The financial unrealised gain/lose is based on 8 Nov.
Thanks
cccx123 ( Date: 13-Nov-2013 13:15) Posted:
|
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..
akchua ( Date: 13-Nov-2013 12:51) Posted:
|
I agree with cccx123. It is clearly written in page 15 of report that Lion mgmt chose to use the value of marketable securities as of Nov 8, 2013 (share price on that day was 0.19c), and not the higher inflated value, hence the $48+mio loss was taken in - now they should start with a very clean balance sheet. Important thing is that their core biz is performing well & judging from Chinese gold demand surge (pl refer to ST article yesterday), Lion is a very good investment at such low enterprise values. Pl make your own judgement call. cccx123, this forum is full of amny shortists always fear-mongering & when you say something good, you see the opposite reaction in the share px, I have seen. Time will tell....what is what.
akchua ( Date: 13-Nov-2013 12:51) Posted:
|
Since you can do financial analysis and accounting analysis, I guess you are able to help here. Thanks
Rosesyrup ( Date: 13-Nov-2013 13:02) Posted:
|
Chua did you notice any high or unusual fund transfer activity out of the trio or any of the trio, in the name of acquistion or loan, ever since they collapse?
akchua ( Date: 13-Nov-2013 12:58) Posted:
|
Hi Mrbat,
The third quarter result for asiason has not been released. But people could be selling because they anticipate huge losses when the result is out.
Cant help you much as there is no financial statement available now.
Good luck and all the best.
Mrbat$$$ ( Date: 13-Nov-2013 12:23) 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.
akchua ( Date: 13-Nov-2013 12:10) Posted:
|
Akchua
What do u think of asiason looks like everyday dropping worst of the 3 counter.
What do u think of asiason looks like everyday dropping worst of the 3 counter.
akchua ( Date: 13-Nov-2013 12:10) Posted:
|
From the financial report,
as at 30 SEP, the losses of Liongold is 48.7 million.
Dont be mislead by the gross profit printing.
If u add in Oct and Nov event, I believe lion gold can easily wipe off another 100 - 150 million from its asset.
Trade with care.
not sure why. could hv profit warning scared away investors?
look4ang ( Date: 13-Nov-2013 11:58) Posted:
|
result ok but still below 20c? volume is low meaning not much people want to sell?