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LionGold: Stock hit but our assets not at risk

Acting group CEO Raymond Tan says this as bruised counter inches up on news of gold tie-up with China's CBMI

Singapore

THE BAR for investors to get excited over developments in LionGold has become so much higher since the penny stock crash last October that it has left many of them bruised and feeling cheated of their expectations.

It is no different for LionGold's other two counterparts, Asiasons Capital and Blumont Group, which had suffered steep falls and are now nowhere close to the remarkable highs they scaled before the crash.

Yet, following Thursday's announcement that LionGold's 77 per cent-owned Australian-listed subsidiary, Signature Metals, had tied up with China's CBMI Construction to develop its Ghana gold tailings project, the stock price did budge upwards slightly.

The counter gained 0.2...

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