LionGold bleeds S$20m in delayed Q1 results
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Singapore
THE market was once again reminded of the shattered financials of the firms embroiled in last October's penny stock crash with LionGold releasing its much-delayed first quarter results with an injurious outing, just one day after its counterpart Blumont reported dismal quarterly digits.
The beleaguered gold miner swung into big losses of S$20.3 million for the first quarter ended June 2014 from a S$3.8 million profit a year ago.
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