LionGold still reeling from stock crash, files late annual report
Board chiefs lament 'events that altered things considerably' after FY2013
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Anita Gabriel
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Singapore
WHIPLASHED since last October's penny stock crash and hemmed in by an ongoing probe by Singapore's white-collar crime buster, beleaguered LionGold filed its delayed 2014 annual report on Monday with a sullen note to shareholders - indeed, a stark contrast to the celebratory tone in its previous year's report after a "dynamic" 2013.
In the latest report, the firm's non-executive chairman Nik Ibrahim Kamil and executive deputy chairman Md Wira Dani Abdul Daim lamented that the share price crash, which "remains inexplicable to us" had "crudely interrupted" the hard work put in by the firm since it embarked on the gold mining business in 2011.
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