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I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达）, which means to prosper in Mandarin.
It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital".
DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.

Monday, 29 September 2014

LionGold: Held An Estimated 5.5 Million Ounces Of Gold In Mineral Resources & 800,000 Ounces Of Gold In Ore Reserves As Of 31 March 2014.

29 Sep 2014 18:07
With the updated Qualified Persons' Reports for the six gold mining assets, LionGold Corp Ltd held an estimated 5.5 million ounces of gold in Mineral Resources and 800,000 ounces of gold in Ore Reserves as of 31 March 2014...
More information available here.
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1 comment:

  1. Meow-Two-Cents30 September 2014 at 09:27

    With the US government constantly in budget deficit and hence printing money to support it, more and more countries and governments are feeling insecure about the US dollar. Many are moving away from using the US dollar as the standard currency for trade. As a matter of fact, some like China, Russia, India, Korea, France are bilaterally agreeing on using their currencies for trade rather than using the US dollar. The fact that the US can continue to print money to support their deficit is because there is an international demand for the US dollar. Once the demand is taken away, the US currency would lose its value. And with that, most would turn to gold as their reserve. If you look at it, gold has been on the rise for the last 11 to 12 years now. It was only in 2013 that it underwent some technical correction. But most analyst believe that it will continue to ascend. If what has been said comes true, then the business that LionGold is certainly a "goldmine". LionGold, together with Asiasons and Blumont has been the subject of investigation by CAD for last year's penny stock fiasco. It is now almost a year since investigation started. That partially (and in a great way) adversely affected the prices of these 2 stocks. After this investigation is completed, it is likely that LionGold will continue operation, and if its new management conduct itself well and properly, the stock price should gain in value. This morning, the price is S$0.042. At its peak last year, it was at S$1.75. That is a ratio of 1 : 40. Let's say, if I buy 100,000 units, it's S$4200. And should it rise to S$1.75 again, my investment will become S$172,000. At the other extreme end, if the company becomes bankrupt, I stand to lose only S$4200. To me, this is worth a gamble.

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