admire. nothing could stop you. :-) good luck
-crystal-crystal(crystal);
2007-7-19(#3464@43)
已经出了,运气运气
-myice(myice);
2007-7-19(#3465@43)
70% of SWG's mineral properties are from Boka. So I won't be surprised if it drops below $2 again. It all depends on how much faith the Market has left for SWG.
-crystal-crystal(crystal);
2007-7-19(#3467@43)
bloody bathIts chinese manager screwed SWG big time. Obviously SWG doesn't fully understand how chinese are doing mining business. It's all about tricks and good relationship with the government.
-crystal-crystal(crystal);
2007-7-19{186}(#3463@43)
A conspiracy theoryI heard a rumor from my brother a couple of months ago. The local government was not happy with SWG, who would love to see SWG go. This would be a genius idea to place a mole, the manager John Zhang, in SWG, to fake the data.
-crystal-crystal(crystal);
2007-7-20{225}(#3549@43)
I see a lawsuit coming for SWG. Check CVQ.TO today. 110 million class action against CVQ for its unjustified financial statement. Fair value for SWG?I believe that many SWG investors are pissed off by such a scandal. Anyone care to calculate a fair value for SWG after discounting such a lawsuit? The CEO was gone anyway. The new management might come out clean after his.
-crystal-crystal(crystal);
2007-7-20{224}(#3543@43)
Could you tell me where you got the news about CVQ. To please? Thanks.
-8sushe(安贫乐富);
2007-7-20(#3544@43)
Globe and Mail
-crystal-crystal(crystal);
2007-7-20(#3546@43)
I think the lawsuits could cost them all the cash in bank. Then they have to raise money. This means more dilution. If this happens no one knows the bottom, maybe $2?
-colourwolf(色狼);
2007-7-20(#3545@43)
SWG has 100 million assets with 38m in Boka reserve. SWG lost 180m in market value in last 2 days alone.Now the boka reserve is under question (however, I'm quite positive that boka does have gold under the ground). The problem is, even if the reserve is largely intact, the people who sold the stock in last 2 days may still file a lawsuit.
If a similar lawsuit as CVQ were filed and won in the court, the SP would go to zero first.
-crystal-crystal(crystal);
2007-7-20{334}(#3547@43)
This time I am right, just I didn't expect so fast. There is a class action filed today, against SWG for $220 million. It doesn't matter who wins, but sure enough SWG will kiss their $33m in bank good-bye soon
-colourwolf(色狼);
2007-7-20(#3551@43)
I just read the same news on Globe and Mail. The funnier story is about the CEO's brother. Incredible that he is both stupid and rich. Now lawyers will get good business. hehe.
-crystal-crystal(crystal);
2007-7-21(#3553@43)
Not sure if the lawsuit has more merit than others. However, this will be ugly and SWG has to pay big money to lawyers at least. If we can find some previous similar lawsuits, we may have some good ideas about it.I don't like to short stocks. So I wish SWG well
-crystal-crystal(crystal);
2007-7-21{49}(#3554@43)
Unlike Bre-x, Boka should have good gold reserve. The site is located along the Jinsha (gold sand) river. Even in ancient time, farmers were mining gold along the river. Before SWG, some farmers in Boka made millions Yuan in half a year.
-crystal-crystal(crystal);
2007-7-21(#3555@43)