1. Bloomberg records show that New York-based asset manager Van Eck Associates owns about 6 per cent of LionGold as part of an exchange-traded fund it manages, which aims to give investors exposure to small and mid-cap gold mining companies.
2. Australia-based Macquarie Group owns about 4.78 per cent of LionGold. It is not known if Macquarie is a direct investor, or is holding the shares on behalf of its clients.
LionGold's 83.44 per cent share price plunge from $1.26 to 25 cents in the past two trading sessions = it lost $1.19 billion in market value = Van Eck would have lost about $71 million, while Macquarie's loss works out to $56.7 million.
3. Asiasons, which owns 8.72 per cent of LionGold, and Blumont, which shares a common director - Ms Ng Su Ling - with LionGold, have begun to attract an institutional following as well.
Both counters had lost about 85 per cent of their market value upon trading resumption yesterday.
4. US fund manager BlackRock owns 0.57 per cent of Asiasons .
Europe-based Invesco holds a 0.56 per cent stake in the company.
6. Blumont -- another US fund manager, Vanguard Group, owns 0.27 per cent of the company, while Van Eck holds a 0.15 per cent stake.
Insider Executive Chairman Neo Kim Hock had been selling rights & shares even BEFORE the suspension of 4 Oct without reporting to SGX till yesterday nite at 2336 hrs (Co Announcement no.171):
Wed (2 Oct): 4.0m rights at $2.2956 = $9,182,400
Thurs (3 Oct): 3.445m rights at $2.14 = $7,374,022
Fri (4 Oct): No announcement. Suspension day.
Mon (7 Oct): 500,000 shares at $0.1844 = $553,200
According to the sgx filing on 7 Oct, it was " sales due to Bank forced selling"
xtraderx ( Date: 07-Oct-2013 23:15) Posted:
The SSHs are holding over a billion shares of blumont, they are dead if blumont goes back to $0.02, this is an exercise to support the price, but will confidence return so easily?
Jackpot2010 ( Date: 07-Oct-2013 22:46) Posted:
Beware. Insider run road liao - Executive Chairman Neo Kim Hock is the 1st person to jump this (sinking) ship.
Neo Sold 95m of his shares to one ang moh who is taking over his post. Neo then redesignated to Non-executive director (i.e. hands-off day to day operations). Another insider also sold 40m shares to this same ang moh. This person is not named but could be Ng Su Ling (just wild guess).
The indicative price for the above sale @ 40c is questionable - its shows that insiders gave a low valuation of Blumont Group, nothing close to its previously traded price before its collapse of over $2. Even then why should the ang moh buy at 40c instead of 13c via open market transaction.
There are still lots of unanswered question on this co.
Originally Posted by erebos View Post
I think there will be another bounce when all the restrictions are lifted. But this may be a last chance to exit as the euphoria will die down and as time passes by the trio must deliver real results, which can be very difficult since their business models are questionable - buy small bits and pieces of very marginal junior mining companies (which are already listed) hoping that some of them will turn out to be very profitable. If they are so capable of identifying such companies, then we can just mimic and buy these companies ourselves.
Artificial lack of demand as one cant buy unless provide cash upfront..hope worth this morning effort bringing cash to buy this burger,Blue Mountains
When the designated was lifted sure cheong to a resaonable level..what I experienced in Jade(Cedar..now) worth taking the bet since Bluemountain is profitable since 2009,,recalled how citibank went below USD5 and AIG...can punt but be prepared to lose unlikley all the capital-in short better than casinos
Originally Posted by erebos View Post
I think there will be another bounce when all the restrictions are lifted. But this may be a last chance to exit as the euphoria will die down and as time passes by the trio must deliver real results, which can be very difficult since their business models are questionable - buy small bits and pieces of very marginal junior mining companies (which are already listed) hoping that some of them will turn out to be very profitable. If they are so capable of identifying such companies, then we can just mimic and buy these companies ourselves.
Artificial lack of demand as one cant buy unless provide cash upfront..hope worth this morning effort bringing cash to buy this burger,Blue Mountains
When the designated was lifted sure cheong to a resaonable level..what I experienced in Jade(Cedar..now) worth taking the bet since Bluemountain is profitable since 2009,,recalled how citibank went below USD5 and AIG...can punt but be prepared to lose unlikley all the capital-in short better than casinos
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