Investors remember: caveat emptor

I REFER to the article "Gold mining investors in S'pore desperate to recoup money" (BT, Dec 17 ).

As a retail investor, I am concerned over the growing number of investors who are left in the lurch each time I read of such news. This time, it is the Virgin Gold Mining Corp (VGMC) and the Asia Pacific Gold Mining Investments (APGMI). It reminds me of the days when many small-time investors were cheated by Gemini Chit Fund's pyramid selling scheme.

In this particular case, although it was reported that over 100 APGMI and 10,000 VGMC investors in Singapore were involved, the actual number is anybody's guess as many such cases could have gone unreported.