Posted by Nallayak > Nov 1, 2013 8:41 PM | Report Abuse

By designating the stk SGx actually helped the shorties, very unfair to local mom and pup investors

Posted by Nallayak > Nov 2, 2013 4:02 PM | Report Abuse

massive shorts it seems brought dwn the counters so there's nothing for MAS to investigate, let the play continue, Muddy shorts on Olam would have broken the company as well as did the whole Asia in 1997. Just hv circuit breakers and control wanton shorts

Posted by inphyy > Nov 8, 2013 11:41 PM | Report Abuse

PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS
FOR THE HALF YEAR ENDED 30 SEPTEMBER 2013

The Board of Directors of LionGold Corp Ltd (the “Company”) wishes to announce that the Company
and its subsidiaries (collectively, the “Group”) are expected to report a loss before tax for the Half
Year ended 30 September 2013.

Based on a preliminary review of the Group’s performance, the loss is mainly attributable to:

1. care and maintenance costs from the Group’s gold mining operations in Bolivia and Ghana;
and

2. substantial losses arising from the unrealised loss on financial assets at fair value through
profit and loss.

The Group is in the process of finalising its Half Year Financial Results for FY2014, which will be
released on or before 14 November 2013.

In the meantime, the Board of Directors wishes to advise shareholders and investors to exercise
caution when dealing in the shares of the Company.

BY ORDER OF THE BOARD
Nicholas Ng
Managing Director and Group Chief Executive Officer
8 November 2013

Posted by inphyy > Nov 11, 2013 9:12 AM | Report Abuse

Average down 0.243

Posted by inphyy > Nov 13, 2013 6:43 PM | Report Abuse

Media Release - 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

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BCD34E08973559E648257C22003563FD/$file/LGC_MediaRelease_AmayapampaGoldProjectUpdate_Final_13112013.pdf?openelement

Posted by Nallayak > Nov 13, 2013 8:19 PM | Report Abuse

Nothing lah, Mali produces 50 tonnes of gold a year

Posted by inphyy > Nov 13, 2013 8:30 PM | Report Abuse

Price may not sky rocket. When market sentiment are bad, every positive news bring some cheer. Daily just don't let me fall off the chair will be good enough ≥︺‿︺≤

Posted by albertlaw > Nov 13, 2013 11:36 PM | Report Abuse

--------------------------------------------------------------------------------

Click here for full report

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

Highlights:  A new Mineral Resource has been estimated for LionGold’s 100% owned Amayapampa Gold Project in Bolivia. This resource estimate shows a small reduction in ounces in the Indicated category and a significant increase in ounces in the Inferred category, to now contain a total of 1.79 million ounces of gold, a 40% (507,000 ounce) increase on the previously reported Mineral Resource of 1.28 million ounces.  These differences are due to a significant increase in the gold grade of the Resource, from approximately 1.1g/t gold to 2.4g/t gold, in each of the categories. This has been achieved through the addition of recent geological information, and applying a different geological model that is considered to better conform to the structural domains of the mineralisation. 

There will also be an overall decrease in the expected tonnages to be mined, paving the way for a potentially smaller gold processing plant, lower capital cost and lower operating cash costs per ounce, whilst maintaining similar gold production volumes to the original plan. 

The development of the Amayapampa Gold Project is proposed to be in two stages, with a smaller 1,500 tonnes per day (550,000 tonnes per annum) operationcontemplated initially. Design work is well advanced and bids are currently out for the design and construction of the gold processing plant. It is expected that this Stage will produce an average of 30,000 ounces per annum over its first 3 years of operation. 

The ultimate Stage 2 operation is anticipated to process 1.5 million tonnes per annum upon an upgrade to the plant. After a ramp-up over the fourth year, full production is expected to produce an average of 95,000 ounces per annum over an anticipated additional four years prior to a final ramp-down year. During the ramp-up and a rampdown an average of 70,000 ounces per annum is anticipated. 

Since acquiring the Project in December 2012, LionGold, through its 100% owned Bolivian subsidiary Minera Nueva Vista, has been building a first-class operations team to take the Project forward.

Posted by dragonslayer > Nov 15, 2013 11:00 AM | Report Abuse

Trading Halt today. Dunno what annooucement? Shld be bad news coming....

Posted by Nallayak > Nov 15, 2013 12:26 PM | Report Abuse

Asiasons up so maybe good news as Asiasons own 7 % of Liongold

Posted by inphyy > Nov 15, 2013 1:51 PM | Report Abuse

SUBSCRIPTION OF 98,186,000 NEW ORDINARY SHARES IN THE CAPITAL OF LIONGOLD CORP LTD (THE “SUBSCRIPTION SHARES”) AT S$0.183 FOR EACH SUBSCRIPTION SHARE TO RAISE GROSS PROCEEDS OF S$17,968,038

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8B6FCD5A1E6504B848257C24001A1E0D/$file/LionGold_Subscription_Announcement_15November2013.pdf?openelement

Posted by inphyy > Nov 21, 2013 11:55 AM | Report Abuse

LionGold - LionGold’s Ghana subsidiary jump starts gold production to 2014 with agreement to procure gold tailings

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A74D0E43848EB36448257C2900828E76/$file/LGC_MR-131121_Oweres_HOA_21112013.pdf?openelement

Posted by krissparkar > Nov 21, 2013 5:56 PM |

Post removed. Why?

Posted by albertlaw > Nov 22, 2013 11:26 PM | Report Abuse

Date: 22-Nov-2013 19:05) Posted:

Lawsuits shine light on Goldman?s role in Asiasons, Blumont and LionGold crash

FRANKIE HO, The Edge
25 November 2013

Ipco International CEO Quah Su-Ling is taking a unit of Goldman Sachs to court for losses suffered during the collapse of Asiasons Capital, Blumont Group and LionGold Corp early last month. According to legal papers filed on Nov. 20 with the High Court in the UNK and seen by The Edge Singapore, the case revolves around a loan that Quah took from the bank to buy shares in two of these companies.

Quah opened a private wealth management account with UK-incorporated Goldman Sachs International in February, with the intention of taking a loan to buy shares in LionGold. She was introduced to the bank by an investment consultant named William Chan, who heads a Singapore-based investment management firm.

Under the loan agreement with Goldman, Quah initially pledged three million Asiasons shares as collateral for the credit facility. She first invested in Asiasons in 2008, and became a shareholder of Blumont shortly afterwards.

With the money from Goldman, she proceeded to buy LionGold shares, which, together with her Blumont shares, were subsequently placed in her investment portfolio as collateral to extend her loan facility. As the amount and value of her LionGold shares grew over time, the size of her loan increased correspondingly.

By Oct. 1, it had increased to more than $61m, from $12.4m at the time she became a Goldman client.

When Blumont announced in July that it planned to raise funds through a rights issue, Quah was told she could tap her credit line from the bank to subscribe for the rights shares. She agreed to take up her full entitlement to the rights issue on Oct. 1, using the loan from Goldman, and instructed the bank on the same day to proceed accordingly.

Abrupt U-turn

To her surprise, the bank called her on the morning of Oct. 2 to demand that she repay her entire loan in cash by 1.30pm the same day. It?s unclear why Goldman suddenly decided to pull the credit line.

By 1.37pm that day, she was served a notice of default through an email stating she had failed to meet her obligations to the bank, which proceeded immediately to sell her shares in Asiasons, Blumont and LionGold. On Oct. 2, Goldman sold 1.2m of Quah?s shares in Asiasons at $2.79 each. The following day, it sold more of her shares in Asiasons, in two batches, at $2.7524 and $2.7144 apiece respectively.

In seeking to prevent more forced sales, Quah found a buyer on Oct. 3 for her shares in LionGold and Blumont. The next day, she informed Goldman about the buyer ? Vicario Investments from Hong Kong ? and instructed the bank to stop force-selling her shares.

Goldman continued, however, to offload her shares on the market. On Oct. 4, before the Singapore Exchange halted trading on the three counters an hour after the opening bell, the bank sold 292,833 of Quah?s shares in Asiasons for $2.4246 each and 230,667 LionGold shares for $1.2372 apiece. By the time trading was suspended that morning, shares of Asiasons, LionGold and Blumont were down to $1.04, $0.875 and 0.88 respectively.

Other casualties revealed

Around that time, Quah found out that Goldman had also issued a notice of demand to three other individuals seeking payment of their outstanding loans. They include James Hong, Blumont?s executive director and Ng Su Ling, who resigned as Blumont?s independent director on Nov. 18. All three defaulted on their loan obligations, according to court documents filed by Quah?s lawyers.

Ng, too is taking legal action on her own against Goldman. She tells The Edge Singapore that she signed a margin financing agreement with the bank in June. ?I have filed a claim form, which is akin to a writ in Singapore. That would mean the commencement of a lawsuit. Notice of commencement has been sent to their lawyers in Singapore.? Her case will also be heard in UK.

?I can only say at this point that the suit is in connection with agreements signed with Goldman Sachs International and Goldman Sachs Singapore. In relation to the particulars of the claim, I cannot give them to you at the moment because my solicitors are working on it. It is a personal suit,? says Ng who has hired a Queen?s Counsel and solicitors from Reynolds Porter Chamberlain LLP (RPC), a London-based corporate law firm. RPC, which has offices in the UK, Singapore and Hong Kong, is known for taking on cases involving professional negligence.

Quah, too, has engaged a Queen?s Counsel to fight her case. Court papers filed by her lawyers from London-based Wiggin LLP allege a breach of duty on the part of Goldman. A breach of duty occurs when one person or company has a duty of care towards another but fails to live up to that standard.

Among other things, Quah?s lawyers claim that the bank had ?perversely and irrationally threatened? the dump her investments on the open market and had inde

Posted by Nallayak > Nov 23, 2013 4:36 PM | Report Abuse

margin account forced selling always damage company and can ruin a lifetime of works, so most banks wont allow single share margin facilities but Goldman Sex seem not to follow such guideline. CEO Nicholas ex DMG boss probably know only wall st giants can bring down the three once high flyers dwn at once exploiting the lack of circuit breakers in SGX

Posted by Nallayak > Nov 23, 2013 4:37 PM | Report Abuse

MAS finding will be crucial for court battles, and most likely Goldman Sex may settle out of court

Posted by Nallayak > Nov 23, 2013 8:04 PM | Report Abuse

Does MAS dares take on Goldman Sex as they boasted to almost own the office of the Presiden of USA, Hunk Paulson was fron Goldman

Posted by albertlaw > Nov 24, 2013 11:15 PM | Report Abuse

Possible for the ABL the trio to get delisted based on the irregularities,,? this may explain why many reluctant to buy the 3 stocks currently

Posted by Nallayak > Nov 25, 2013 2:11 PM | Report Abuse

delist better can migrate to KLSE where Azlan used to be Boss and ask Goldman Sex for rpt match on home ground

Posted by Nallayak > Nov 28, 2013 8:20 PM | Report Abuse

Sgx is now the last place to build lifetime business like Olam , can be shorted and only connections saved them. 8bn can disappear to thin air in couple of days is unheard of. Wall st banks bully kecik and no protection from SGX as lack circuit breakers

Posted by krissparkar > Nov 29, 2013 6:22 PM |

Post removed. Why?

Posted by inphyy > Nov 30, 2013 6:15 PM | Report Abuse

LionGold - Why is it raising funds through a person barred by US Securities and Exchange Commission?


http://sg.finance.yahoo.com/news/investor-central-liongold-corp-ltd-080000577.html

Posted by Peter Chen > Nov 30, 2013 9:49 PM | Report Abuse

How Soh Chee Wen planned his come back

http://klse.i3investor.com/blogs/kianweiaritcles/41234.jsp

Posted by albertlaw > Dec 1, 2013 11:05 AM | Report Abuse

Old news lah..Peter Chen

Posted by Peter Chen > Dec 1, 2013 9:27 PM | Report Abuse

Still received click from people.

Posted by Peter Chen > Dec 1, 2013 9:37 PM | Report Abuse

actually...where is the link of the news?,,.....I never see any link on this page before?

Posted by Nallayak > Dec 2, 2013 2:05 PM | Report Abuse

however much Soh amass over his few decades wheeling and dealing is no match for wall st giants unless one other major Security house say Nomura or Credit suisse is on his side

Posted by Nallayak > Dec 3, 2013 8:24 AM | Report Abuse

which direction are they taking now, all over the place

Posted by Nallayak > Dec 3, 2013 1:33 PM | Report Abuse

collateral damage from lawsuits against blumont kaki

Posted by epicresearchSg > Dec 3, 2013 8:24 PM | Report Abuse

Two malls by CapitaMalls Asia are set to open in Singapore this December.

DBS Group Research has cut its FY14/15F earnings forecast for United Envirotech on higher costs and slower EPC execution.
http://epicresearchsg.blogspot.sg/

Posted by inphyy > Dec 6, 2013 10:14 AM | Report Abuse

Average down to 0.192

Posted by Nallayak > Dec 6, 2013 7:29 PM | Report Abuse

deal with ang moh not done as neo's broker don't want to release shr

Posted by inphyy > Dec 9, 2013 5:12 PM | Report Abuse

The lion roar today... closing bell 0.182
Close to Big Birds bought weeks ago

Posted by inphyy > Dec 13, 2013 11:40 AM | Report Abuse

LionGold is Asia's second best short in 2013: Markit

Australian firm Pharmaxis tops the list, down 91% over the last year


http://www.businesstimes.com.sg/premium/companies/others/liongold-asias-second-best-short-2013-markit-20131213

Posted by Nallayak > Dec 16, 2013 9:01 AM | Report Abuse

this should run up in time for Lunar New Year Rally

Posted by inphyy > Dec 17, 2013 3:35 PM | Report Abuse

LionGold: Ballarat Gold Mine Delivers A 55% Increase In Its Mineral Resource Estimate To 112,200 Ounces Of Gold

http://liongoldcorp.listedcompany.com/newsroom/20131216_181633_A78_894235D34F11CBBD48257C4300371EA1.1.pdf

Posted by albertlaw > Dec 17, 2013 10:42 PM | Report Abuse

Any comment on LionGold being undervalued?Extracted from another forum
Originally Posted by puntforlife View Post
http://infopub.sgx.com/Apps?A=COW_Co...larat_JORC.pdf

liongold is a mystery... why no one dare to take this private...

liongold through its web of vested interest has reserves worth 7.5m ounces... if u dig everything up at $1200 per ounce also worth $11.25B. If profit margin of digging it up is 10% also got $1.25B

total net asset $231M if u write off 50% of capitalized exploration expenditure its still $161M

liongold market value now 941m shares * $0.172 = $161M
i offer 20% premium and take it private $200M... i own $1.25B worth of future profit

WHY NO ONE COME BUY LIONGOLD... *FRUSTRATED AND PULLING WHAT IS LEFT OF MY HAIR OUT*
Hit a high of 178

Posted by one688easy > Dec 24, 2013 12:27 AM | Report Abuse

Ssh starts buying ....19dec13

Posted by one688easy > Dec 24, 2013 12:27 AM | Report Abuse

Ssh starts buying ....19dec13

Posted by singgam > Dec 25, 2013 12:27 PM | Report Abuse

Who are the men who let their sharea to be sold short(13.6%) and in the process kill themself.Or is the BANKS WHICH GAVE the money to buy the shares at a lower price who sold the shares and force the price down, then call the people to top up the difference in money or force sell the shares. This brought the counter down. Can SGX say where the shares came from.

Posted by inphyy > Jan 13, 2014 10:13 PM | Report Abuse

LionGold: Ghana Subsidiary Formalizes Tailings Purchase Agreement And Expects Gold Production In March 2014

http://liongoldcorp.listedcompany.com/newsroom/20140113_172742_A78_A70F1D4C6FD292D448257C5F00151997.1.pdf

Posted by Cash Only > Jan 14, 2014 12:22 PM | Report Abuse

Who is ssh?

Posted by Frant Denner > Apr 4, 2014 5:09 PM |

Post removed. Why?

Posted by one688easy > Sep 1, 2014 12:59 AM | Report Abuse

Up up soon

Posted by one688easy > Sep 2, 2014 6:57 PM | Report Abuse

Ukraine pushes gold pricePublished: 7:29 am, Tuesday, 2 September 2014 - See more at: http://www.skynews.com.au/business/business/market/2014/09/02/ukraine-pushes-gold-price.html#sthash.cNWZhoug.dpuf

Posted by one688easy > Jan 25, 2015 10:11 PM | Report Abuse

http://gulfnews.com/business/markets/gold-has-been-the-pick-of-the-bunch-in-recent-weeks-1.1446287

Posted by Millat > Feb 24, 2015 10:05 PM | Report Abuse

Some people says that liongold is going to close. Is it true??

Posted by dsavafvad > Apr 16, 2015 10:18 AM | Report Abuse

stunned like a vegetable

Posted by Stock Analyst Ayush > Apr 17, 2015 3:48 PM |

Post removed. Why?