In a recent article “Will LionGold be a glittering investment?” on Business Times (dated 30 Sep 11), Felda Chay warned investors who wished to gamble on the counter (LionGold) to be aware that the company’s market capitalization has increased by S$224.1m since it went into gold in Dec 2010. The article highlighted that all the company has “from its new business is a string of artisanal mines and mining licenses that remain untested, and that ONE gold bar it produced”.
Yes Zia this has a stench that the authorities need to look at...and quickly!
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- are we being stitched up or what
are we being stitched up or what, page-27
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