LionGold Corp

[brattzz]

"cited weak gold prices, elevated production costs and difficulty in raising funds as key challenges."

duh!

[weijian]

I am always skeptical on "diversify into other businesses", after the company has not done well in its core business, upon normal course of business cycle...

Read back this thread and gotta know that this company was known as The Think Environmental Company. Did a quick google search on that and found that fellow forumers had already sounded the prophetic warning when it started to switch to Gold in end 2010. As WB says 'what wise men do at the beginning, fools rush to do so in the end'. This company has proven once, it is either (1) it was on the wrong end of the cycle (got its timing wrong into the Gold bull cycle, or (2) it wasn't able to execute its strategy or (3) It is simply interested to switching to the next hot industry once the once-hot is past its expiry date.

http://www.valuebuddies.com/thread-342.html

So what will it switch to next? E-commerce, big data or the 'Internet of Things' i suppose?

[greentea]

LionGold restructures existing bonds, proposes new issue: http://btd.sg/1Jcjpq8

[CityFarmer]

PwC issues disclaimer of opinion for LionGold's FY14/15 results

SINGAPORE (Aug 21): Gold miner LionGold Corp ( Financial Dashboard)'s independent auditors, PricewaterhouseCoopers (PwC), have issued a disclaimer of opinion for the company's FY2014/2015 financial statements.
...
http://www.theedgemarkets.com/sg/article...15-results

The actual disclaimer is linked below
http://infopub.sgx.com/FileOpen/LGC%20AR...eID=366260

[greengiraffe]

PwC issues disclaimer of opinion for LionGold's FY14/15 results

SINGAPORE (Aug 21): Gold miner LionGold Corp ( Financial Dashboard)'s independent auditors, PricewaterhouseCoopers (PwC), have issued a disclaimer of opinion for the company's FY2014/2015 financial statements.
...
http://www.theedgemarkets.com/sg/article...15-results

The actual disclaimer is linked below
http://infopub.sgx.com/FileOpen/LGC%20AR...eID=366260

Where is mata? Long raided - high and dry till auditors also scared... still no investigation outcome... even sg50 also passed liao...

[mulyc]

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