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mb7269 ( Date: 07-Oct-2013 14:25) Posted:
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Very high chance..
The pending announcement is to terminate the current negotiation of goldmining acquisition in canada. Just like Blumont terminated its recent negotiation.
真 金 不 怕 火
BBs so scared now- halted else burnt to death oso.
Question 1:
Acquisition
The Company is currently at an advanced stage of negotiations with a company listed on three foreign stock exchanges (the "
The Target, together with its subsidiaries, is a gold mining, development and exploration company. The Target has a producing gold mine as well as gold mines under development.
No formal agreement has been executed in connection with the Acquisition yet. In view of the suspension, the Target is considering whether the Acquisition should proceed.
The Target was introduced to the Company by Jennings Capital Inc., a Canada based capital markets oriented investment dealer.
It is expected that in relation to the Acquisition, none of the relative figures computed on the applicable bases set out in Rule 1006 of the Listing Manual of the SGX-ST (the " Target" ) to acquire a stake in the Target (the " Acquisition" ). The Acquisition will be by way of cash in two tranches and will be subject to, inter alia, the regulatory approvals of the relevant foreign stock exchanges. Listing Manual" ) will exceed 5% and as such the Acquisition is expected to be a non-discloseable transaction within the meaning of Chapter 10 of the Listing Manual.
Possible Offer
In addition, the Company and the Target are also in advanced discussions in relation to a possible offer to be made by the Company for the Target (the " Possible Offer" ). 2
There is no obligation on the part of the Company to make the Possible Offer. There is no assurance or certainty that the Possible Offer will be made and is subject, inter alia, to the Acquisition proceeding.
Further announcements in connection with the Acquisition and the Possible Offer will be made by the Company on the SGXNET in due course.
Question 2:
Are you aware of any other possible explanation for the trading?
Response:
In addition to the above, the Company also understands that a local broking house has recently designated the Company?s securities. The Company believes that this may be a contributing factor to the share price volatility.
Question 3:
Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Response:
The Company confirms it is in compliance with the Listing Rules of the SGX-ST, in particular Listing Rule 703 as well as paragraph 20 of Appendix 7.1.
The Company wishes to add that, in the ordinary course of its business, the Company, its subsidiaries and/or associated companies are (and will continue to be) in preliminary non-binding discussions concerning the Company?s core business activity of gold exploration and exploitation, including the acquisitions of assets that are in gold exploration and exploitation. However, these discussions are incomplete and have not resulted in formal agreements being signed, or are material. The Company will keep shareholders updated (by way of announcements on the SGXNET) of material developments in its business as and when such material developments arise.
By Order of the Board
Nicholas Ng Yick Hing
Chief Executive Officer
4 October 2013
Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.
Response:
LionGold Corp said on Monday that it had signed an ore processing agreement with Australian-listed A1 Consolidated Gold Limited.
Under the deal, up to 450,000 tonnes of ore (up to 150,000 tonnes per year) from the A1 Gold Mine would be processed at the nearby Ballarat gold plant, owned by LionGold subsidiary Castlemaine Goldfields, over a three-year period.
The agreement could nearly double the current throughput at the 600,000 tonne per year Ballarat gold plant, which processes between 150,000 and 200,000 tonnes of ore annually.
The arrangement may be extended upon agreement for a further three years through to December 2019.
LionGold signs MOU with integrated engineering contracting unit of China?s Sinoma Group
LionGold, Singapore?s first Mainboard-listed gold company, says it has signed a MOU with CBMI Construction Co. (CBMI).
CBMI is a wholly-owned subsidiary of China?s state-owned Sinoma Group Corporation and a leading integrated engineering contractor for projects around the world.
The MOU is the first step for LionGold to appoint CBMI as its primary contractor for the group?s gold mining projects globally. Under the agreement, CBMI would work in partnership with LionGold in project and related infrastructure development, mine operation and maintenance and procurement of supplies. The agreement will also provide a platform for collaboration on new gold investment opportunities as well as project financing.
Nicholas Ng, group CEO, states: ?LionGold is excited about this newly forged relationship. We are confident that CBMI Construction will be a capable partner, able to respond quickly to the technical and operational needs of our growing projects worldwide.
In addition to its own excellent track record overseas, CBMI?s parent, Sinoma Group, is among China?s leading state-owned enterprises. This important alliance will leverage LionGold?s current operations and corporate development teams, enabling us to fast-track the build-out of our gold business?
Earlier this month, LionGold announced plans to raise over $200 million through the placement of new shares and warrants in support of its acquisition and production enhancement strategy. Management is targeting the completion of the fund-raising exercise by the end of the 2013. LionGold currently has interests in seven gold companies with tenements in Australia, Ghana, Bolivia and Canada. ...last: $1.705...
Tq
I personally feel this counter is way overvalued. Losses + low asset value. :(
http://liongoldcorp.listedcompany.com/newsroom/20120814_182510_A78_8FD2583E182E252A48257A5A0035FCE7.1.pdf
Gold will rise with all the monetary easing. If you are keen can buy Gold ETF, physical gold, or gold savings account with UOB.
tansenaan ( Date: 24-Sep-2012 14:36) Posted:
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I think today can Buy LionGold
Entry: $1.045 to $1.055
Stop-Loss: $1.020
More on my blog at Alex Trades.
Good luck.
Think Environmental changes name to LionGold Corp
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1147802/1/.html| Posted: 18 Aug 2011
LionGold Corp - name change aligns the company's with its core gold mining and exploration activities. The company has interests in gold mining tenements in Ghana.