Posted by inphyy > 2013-10-06 18:28 | Report Abuse

Date of Lifting of Suspension * 07-10-2013
Time of Resumption of Trading * 0900 hours

Posted by hobson64 > 2013-10-07 10:56 | Report Abuse

Designated!!!

Posted by inphyy > 2013-10-07 12:05 | Report Abuse

Me believe when sea calm, SGX shift focus...this counter active again. Of course follow by Blumont and LionGold

Posted by Nallayak > 2013-10-07 20:20 | Report Abuse

Datuk Azlan Hashim been around every body want to buy but designated not fair to investors

Posted by Peter Chen > 2013-10-08 09:24 | Report Abuse

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge

李静霖有关连公司在新加坡跌停板

http://aseantradinglink.blogspot.com/2013/10/company-related-to-dian-lee-suspended.html

Posted by ticktock > 2013-10-08 16:53 | Report Abuse

also no hope......

Posted by Nallayak > 2013-10-09 17:17 | Report Abuse

Asiasons closed up 16c see dnt play play with Datuk

Posted by alaxgray > 2013-10-09 19:41 |

Post removed.Why?

Posted by albertlaw > 2013-10-10 10:13 | Report Abuse

sphodeli wrote:
This counter is being fried...next step would be the CAD and IRAS coming in to check...

For those that just entered the market, read these:
S-Chips Scandals - Wikipedia, the free encyclopedia
Bulls and Bears: Tales of the Zoo: The CLOB Saga

Caveat Emptor. Not vested.
uy a few only scared kenna suspended pending MAS or CAD investigation..anything is possible especvially Bluemont,LionCorp and Assiason...may be called for for fraud or stock manipulation..troublesome too must bring cash downChairfallFrownCopCop



WanSiTong ( Date: 10-Oct-2013 08:56) Posted:



jacelin84 ( Date: 07-Oct-2013 14:41) Posted:

Time to kill the lion and sell the gold.

Posted by Nallayak > 2013-10-10 12:44 | Report Abuse

buy when below 10c

Posted by Nallayak > 2013-10-10 21:58 | Report Abuse

the weakest among the trio may turn out to be the strongest . Dow up

Posted by albertlaw > 2013-10-11 23:04 | Report Abuse

Crooks...crooks and more crooks uncovered

I just found out that even a recent ID appointed in July 2013, Yin Kum Choy, is clearly not going to independent and has a questionable history. Somehow SGX allowed his appointment and accepted the answer to this query:

“On 12th July 2004, upon the finding of the Inquiry Committee of the Public Accountants Oversight Committee that Yin Kum Choy is guilty of improper conduct in the discharge of his professional duty...the Public Accountants Oversight Committee ordered that Yin Kum Choy pays a penalty of $5,000/-...”

Yin was a director in Inno Pac and IPCO in the late 1990s and First Engineering, hence making him a member of the Soh Chee Wen clan. SGX should consider removing the word Independence or put a disclaimer somewhere if they keep allowing such appointments to pass through.

I wonder why the stocks of all these Soh Chee Wen related stocks are not under SGX radar much earlier.
Wow crooks after crooks..opening more cans of worms...


Look like the angmo going to head Bluemont is also a crook or useless guy,otherwise kenna sack..red flag also why management still has to force sell by banks...all pledged their co's shares to banks like what the S chip directors had done so previously..co may eventually fold up..what's your views

Rio Tinto is a bluechip co so when they sack him, he must be really " useless" . Shows that he is incapable as CEO. Though sacking took place 1 year ago, it is relevant to his character reference.
SouthGobi Resources fires CEO Molyneux



(Financial Post Published 12/9/2012)

Mining giant Rio Tinto Ltd. has terminated the chief executive of SouthGobi Resources Ltd., removing one of the only remaining links to the Robert Friedland era in its Mongolian business.
The move Wednesday to fire Alex Molyneux is part of Rio?s effort to improve strained relations with the Mongolian government and get SouthGobi?s idled mine re-started. It comes just a day after Mr. Friedland launched an initial public offering of Ivanplats Ltd., his first big move since resigning from Turquoise Hill Resources Ltd. (formerly Ivanhoe Mines).

Rio Tinto took control of Turquoise Hill in April in order to get its hands on the giant Oyu Tolgoi mine in Mongolia. It also ended up with some non-core assets. One of them is the majority stake in SouthGobi, which controls the Ovoot Tolgoi coal mine (also in Mongolia). And SouthGobi was turning into a major political headache for Rio Tinto.

Shortly before Rio got control of Turquoise Hill, Mr. Friedland cut a deal to sell its SouthGobi stake in to Aluminum Corp. of China Ltd. (Chalco).

This infuriated many Mongolians, who dislike their powerful Chinese neighbours and worry about falling under their thumb. The timing of the announcement was particularly bad because Mongolia was in the midst of an election cycle and political rhetoric was elevated.

AdvertisementThe Mongolian government quickly suspended SouthGobi?s licences on Ovoot Tolgoi, and the parliament passed a foreign investment law the main purpose of which appeared to be stopping this deal.
Mr. Molyneux, SouthGobi?s then-CEO, said last month that he thought the Chalco deal had virtually no chance of success.

?Without clear regulation on the foreign investment law or without a process through which such foreign investment proposals can be reviewed and considered, it?s almost impossible to see how Chalco can navigate its bid through the Mongolian government infrastructure,? he said on a conference call.

Apparently, Chalco agreed ? it dropped the bid a couple of weeks later.

It is understood that Rio Tinto was not pleased about Mr. Molyneux?s public comments, seeing them as detrimental to its relations with the government. It also wanted to bring someone into SouthGobi with mining experience who could manage a re-start of the mine.

As a former investment banker, Mr. Molyneux was not that person. He was replaced Wednesday with Rio Tinto veteran Ross Tromans.

Rio?s move also distances SouthGobi from the Friedland era. Mr. Molyneux was personally hired by Mr. Friedland to run the coal business, and is one of his longtime business associates. But SouthGobi is now controlled by Rio Tinto, and no one was surprised that Rio wants one of its own people running it.

shadowmoon ( Date: 11-Oct-2013 12:25) Posted:

Oh ya the ang mo is fishy also...

wanglausern ( Date: 11-Oct-2013 12:08) Posted:



I'll be blunt and straightforward!

This chow angmoh who was sacked from Rio Tinto is nothing, but a stooge to those crooks from up north.

Pls don't throw away anymore of your children's money

Posted by Nallayak > 2013-10-12 15:12 | Report Abuse

at least he was honest on chalco no chance comment. Rio Tintyo now run buy pardoned Mark Rich former employee who cut deals with Afrcan dictators. Let the once honest fella a chance as his old connection thru Citibank time must still be useful to restructure this co

Posted by Nallayak > 2013-10-12 15:16 | Report Abuse

Take over business model using high priced share scrip is normal but short sellers killed the business model in SGX. google and fb did that for umpteen years and succeeded. these co need protection from Short sellers and may well have succeeded if SGX didn't designate them and successfully prevent more short selling during designation period

Posted by Nallayak > 2013-10-12 17:06 | Report Abuse

only got financial knowledge with no mining know how and know who very difficult to rebound like blumont or liongold

Posted by albertlaw > 2013-10-12 22:47 | Report Abuse

Originally Posted by xfactor View Post
Hoosier/erebos

I believe that the second wave will kill punters who rushed in Tuesday and Wednesday when the stocks ie the infamous 3 rebounded. More joined in on Thursday morning, the second wave of the Tsumani hits the crowd busy picking what they consider as Gold and Diamonds. Friday was a debacle and the syndicates unloaded more and stocks really plunged

I expect more blood on the streets on Monday when those early birds who bought and Monday will take whatever profits available

The effect will be felt by the secondary, innocents or otherwise all new resources stocks like Mirech Energy, Rex, Magnus, IPCO, Ramba Innopac( a member of the infamous
3
Those who bought on Tue 8 Oct can start selling on Mon 14 Oct..and for Bluemon the rights shares coming back soon ..more downward pressure..

Be careful if the loans pledged by designated stocks were used to buy more such designated stocks previously..then the domino effect difficult for the 3 stocks to rise..u notice those who rush in to biuy in the morning by afternoon or 10a.m the stocks start to fall..effect of forced selling by the banks


RED FLAG:

Forced sales by bank on Thurs 10 Oct:

1) Former Executive Chairman Neo Kim Hock sold 2.922m shares @20c for $586,416

2) Present CEO James Hong Gee Ho sold 1.5m shares @19.82c for $297,300




edwinjup ( Date: 12-Oct-2013 08:19) Posted:

Thanks..hope sgx can actions faster....if sgx suspend this three counters...sgx ceo better provide a super good reasons or else pls resign

akchua ( Date: 12-Oct-2013 08:08) Posted:

Of course u are right. They deliberately stopped servicing the loan to trigger the force selling, so that they can keep reducing their share holding to the market.These buggers have planned so many ways to exit, very experience people.

Posted by Nallayak > 2013-10-13 18:44 | Report Abuse

penny shrs only go up to get loan on margin from Bankers, if no margin facilities available, syndicates wont bother. So as usual Gullible bankers

Posted by coct > 2013-10-16 16:30 | Report Abuse

Why is this share so BAD? From a high of $2.91 to a mere 0.10 cents!

Posted by inphyy > 2013-10-16 16:36 | Report Abuse

Shares itself no "bad".It is Company management plus Marktet FEAR and "invisible" hands drive the stock price down.

Posted by albertlaw > 2013-10-16 16:56 | Report Abuse

Originally Posted by maverick121 View Post
Just sharing,a group of " ppl" bot in liongold last week at 0.19, dunno the reason behind,but obviously they are losing big time now.professionals somemore,si bei funny....
..Today I long a bit on the 3 designated stocks..just for the punt/fun

Originally Posted by ezo View Post
will sgx boot them out??
just like dod shit got the boot from kr xchange?
..use your previous profits to punt Asiasions,Bluemont and LionGold at this level and prepare to lose all..then u won't feel the pain should theses companies got delisted or suspended but if lifted should go up...because now demand is curbed..I thought Bluemont is still profitable since 2009 and lionGold has remained > 80cts since Sept 2011 and Asiasons > 30cts since March 2012



starlene ( Date: 16-Oct-2013 15:03) Posted:

Anyone who bought > 15cts based on 1 for rights at $0.05 =$0.117 (0.15x2+0.05)/3.will lose $$$.Bluemont was about 30cts in Jan 2013,hence majority would have lost $$$ unless they took profits along the way..quite tempting to buy now

explosive2013 ( Date: 16-Oct-2013 11:03) Posted:



0.05 will be the lowest. those right issue holder will keep on selling. they still making profit as the right issue share price is super damn low.

i believe will drop to 0.05 by this friday. everyone standby cash to get ready to sapu all at 0.05 - 0.06

Posted by ticktock > 2013-10-17 19:18 | Report Abuse

ur wish at 0.05 may come true tomorrow........Asiasons to relook Black Elk deal after SGX rejects new share issue.....

Posted by albertlaw > 2013-10-18 15:10 | Report Abuse

1Q14 revenue jumped 34.6% mainly attributed to revenue recognition from its Gold Mining Division which was absent in the corresponding qtr last year.Coupled with higher other income as a result of fair value gain on financial assets,Lion Gold turned the corner to report a net profit of S$2.6mil..from latest share investmentLaughingBounce

LionGold has FYE 31 March

Bluemont's 1H13 revenue rose 18.3% underpinned from higher contributions but earnings slumped due to a sharp drop in other net gains 1H13 $12.2mil verses 1H12 $28.5 mil.Bluemont has been profitable since 31 Dec 2009

Asiasion sunk into the red for 1H13 $1.554mil although Asiasions has remained profitable since 31 Dec 2009

edwinjup ( Date: 18-Oct-2013 10:57) Posted:

Past few days ..market flood with lots of bad rumours like cad or mas suspend or etc...with sgx chief confirmed lifting will be very soon...I think rumours is unfounded...

Posted by Nallayak > 2013-10-18 21:41 | Report Abuse

datuk Azlan a most respected institutional figure, come on dnt teach dattuk how to suck eggs

Posted by inphyy > 2013-10-18 22:52 | Report Abuse

Signal Update

Our system’s recommendation today is to BUY. The BULLISH MEETING LINE pattern finally received a confirmation because the prices crossed the confirmation level which was at 0.1080, and our valid average buying price stands now at 0.1160. The previous SELL recommendation was issued on 14/10/2013, 4 days ago, when the stock price was 0.1410. Since then 5ET.SI has fallen by -17.73%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.

Posted by Nallayak > 2013-10-20 17:48 | Report Abuse

Listed private equity firm , rare indeed , so they should privatize it so nobody can damage them in future. A non nimble private equity who forgot to exit when portfolio reached crazy levels showa paralysis and sleeping management

Posted by ticktock > 2013-10-20 21:33 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2013/10/19/Business-as-usual-board-to-focus-on-repairing-damaged-reputation-Asiasons-is-picking-up-the-pieces.aspx

Posted by Nallayak > 2013-10-21 17:54 | Report Abuse

asiasons seems to move with liongold, don't the management forget to sell liongold

Posted by Nallayak > 2013-10-22 08:52 | Report Abuse

BT reported 30 to 40

Posted by inphyy > 2013-10-22 09:15 | Report Abuse

Vested this first.

Posted by inphyy > 2013-10-22 16:43 | Report Abuse

Among the 3 sisters A B L, this one the most desperate for cash. Recently wanted to raise fund from Rights Issue..Rejected! by SGX.
An investment company looking into oil and gas business. Now black gold price dip below US$100. Will this stock not affect? Only the brave heart take the challenge. "no risk,no gain."

Is there a safe heaven in SG market? LionGold a global gold mining industry. Will she not affect by international gold price? think again.

As said "The day u bought the stock, prepare to loss, think of loss before profit." Stocks market dont generate profit. Your profit is someone loss.

Posted by Nallayak > 2013-10-22 18:17 | Report Abuse

the losses usually suffered by banks or brokers who provide margin to speculators especially in this case but sgx catch no culprit

Posted by Nallayak > 2013-10-25 10:09 | Report Abuse

7 individuals hv large margin ac thru Nasdaq brokers who lost $68M

Posted by inphyy > 2013-10-28 10:19 | Report Abuse

morning average below 0.2 ≧◉◡◉≦

Posted by Nallayak > 2013-10-28 17:42 | Report Abuse

so tightly held counter shortists also short , is there anything they wont short

Posted by Nallayak > 2013-10-30 09:58 | Report Abuse

tightly held counter short sure die

Posted by inphyy > 2013-10-30 09:59 | Report Abuse

PROPOSED CONVERTIBLE LOAN FACILITY OF UP TO S$25 MILLION

Posted by one688easy > 2013-10-30 12:57 | Report Abuse

Is the best out of the 3 companies, Directors injecting fund n to buy the share back cheap cheap at 0.25. Win-win for all.

Posted by Nallayak > 2013-10-30 16:23 | Report Abuse

the only one one can touch

Posted by albertlaw > 2013-10-30 16:45 | Report Abuse

Asiasons in convertible loan facility for up to S$25m

BT (Published 30 Oct 2013)
Asiasons Capital Limited said its two controlling shareholders have agreed to lend it up to S$25 million which can be converted up to 100 million new Asiasons shares at 25 cents each.

Ng Teck Wah and Jared Lim Chih Li, both of whom are directors and Asiasons' controlling shareholders, entered into the loan facility - which comes at an interest rate of 6 per cent per annum - on Oct 29 using Deepvale Capital. The latter is wholly-owned by the duo.

Asiasons said it intends to use S$20 million for private equity investments and S$5 million for working capital purposes.

The term loan is subject to various negotiations and conditions including approval from the Singapore Exchange for the listing of and quotation of the conversion shares on the mainboard.

Posted by Nallayak > 2013-10-30 20:09 | Report Abuse

seems to have worked, the other 2 counters still sliding further dwn, this one dwn less. Blumont sliding dwn the slippery path not helping the situation and not taking up rts at 5 c really unforgivable

Posted by alaxgray > 2013-10-31 11:43 |

Post removed.Why?

Posted by Nallayak > 2013-10-31 12:49 | Report Abuse

two original shareholders putting fresh money seems to rescue the mayhem , the other two must do the same to rescue the abandoned SGX penny mkt

Posted by Nallayak > 2013-10-31 18:09 | Report Abuse

putting money where their mouth is is the best method to regain mkt confidence and put the penny scare episode behind

Posted by Nallayak > 2013-11-01 17:35 | Report Abuse

money talks and real money do the talking today

Posted by Nallayak > 2013-11-01 17:36 | Report Abuse

KL where the major shareholders are from are full of old established money which they can tap easily

Posted by Nallayak > 2013-11-01 20:38 | Report Abuse

the edge reported that Asiasons was shorted to the tune of $30 Million but survived to be investigated, US hedge funds prime suspect and unlikely to involve local syndicates. Sounds like another ang Moh white eat white

Posted by Nallayak > 2013-11-02 18:51 | Report Abuse

since the shrs tightly held the original partners should have done a short squeeze and tapping on KL old money network to teach the Ang Moh shortist a lesson. Otherwise the Ang Moh think everything in Asia is for shorting like in 1997

Posted by inphyy > 2013-11-04 10:28 | Report Abuse

Slow and steady...back to 20 cts

Posted by Peter Chen > 2013-11-05 10:55 | Report Abuse

Platinum Partners invested in Asiasons, Blumont, LionGold before share collapse
http://mforum.cari.com.my/forum.php?mod=viewthread&tid=765295&fromuid=1950303

Posted by albertlaw > 2013-11-06 22:13 | Report Abuse

I got the info from here..though a bit outdated since in Oct but Nov now..still ok to share info

Hi all,

I have been following the company blumont/asiasons and liongold quite a bit. Interesting happenings like this either pops up opportunities for improving regulation (for sgx) to protect investors with things like trading restrictions, observing shortselling and soon to come circuit breakers....issues with remisiers and brokerage houses for managing credit risk and contra trading and finally opportunities for retail investors and such.

I have quantified all 3 stocks with their risk and returns. I do feel that the downside is limited, the upside however leaves much to imagination. Do check it out on my blog.

edenadvisors.blogspot.sg/



Cheers and stay sharp, stay safe.