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Latest Posts By ongph88 - Member      About ongph88
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26-Apr-2010 19:31 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		news just out that they are in process of acquiring an aluminium group by issuing new shares at 0.11. how will share price move tomorrow ?
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13-Jan-2010 15:57 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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Well although your analysis is very good, the only catch is that whether all these options are cooked ways of hookwinking the shareholders, the question being only asked on hindsight, after no good things materialized as predicted.  Ask the directors where are the dividends? Forthcoming or wait long-longer?  Result of lack of foresight?  No..questionable unless we hear some good things to com.

Not vested but monitoring this monkey.



ekekeg      ( Date: 09-Apr-2008 12:06) Posted:



I did a bit of research on this counter and over their affairs in GSGL.  Now they have agreed to settle the control one way or another, and either way is beneficial for the shareholders and the company.

Option 1: Take management control of GSGL with shared responsibilites : Full control of a subsidiary is vital for the success of  operating the business according to company plans and the proper execution of projects that will bring in good profits from the existing infrastructure at GSGL. Half of a control is better than no control.

Option 2:  Give up control of GSGL and take over control of QS (Qinghai Province Salt Industry).  This is an ex-govt salt making company since 1950, and now a subsidiary of GSGL.  It has assets in 2 salt lakes, Keke Lake and Chake Lake both accounting for a total salt reserves of 1.5 billion tonnes.  Currently QS's production is distributed for domestic and industrial consumption.

Check it out at the websites: http://www.greensalt.com and browse for related news.
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09-May-2008 10:40 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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someone has finally realised that we cannot do without salt? today its rising.

good. coming to think about it, I can't imagine my food without salt :)
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09-Apr-2008 14:48 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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hi ekekeg, thanks for the analysis. waiting for the counter to go back to at least NTA value...
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09-Apr-2008 12:06 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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I did a bit of research on this counter and over their affairs in GSGL.  Now they have agreed to settle the control one way or another, and either way is beneficial for the shareholders and the company.

Option 1: Take management control of GSGL with shared responsibilites : Full control of a subsidiary is vital for the success of  operating the business according to company plans and the proper execution of projects that will bring in good profits from the existing infrastructure at GSGL. Half of a control is better than no control.

Option 2:  Give up control of GSGL and take over control of QS (Qinghai Province Salt Industry).  This is an ex-govt salt making company since 1950, and now a subsidiary of GSGL.  It has assets in 2 salt lakes, Keke Lake and Chake Lake both accounting for a total salt reserves of 1.5 billion tonnes.  Currently QS's production is distributed for domestic and industrial consumption.

Check it out at the websites: http://www.greensalt.com and browse for related news.
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04-Apr-2008 14:53 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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hi ekekeg thanks for your info. much appreciated...

i have been holding much higher than 10cents... hope a good value comes out of it. initial asset value was around 20cents...
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04-Apr-2008 12:24 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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Please by forewarned:  It is noted that whenever I talked about a counter, the share price will fall and has been doing so ever since I was on this forum.=========================

Hi Sarahlkh, the good news is that Firstlink has finally reached an agreement with the Chinese to settle the control of GSGL in one way or another which options are more beneficial to the shareholders than the status quo.

If a settlement is reached, then the auditors would be able to give shareholders a solid picture of the finances of the company and should it reflect the current book nta of 17 cents or above, then you will have a good profit from the price now at 10 cents.

In between, I think however, any bad news will not push the price any further down since it is quite a discount in the current "upbeat" market of STI above 3,000 points at 10 cents.

Of course if the BBs view the new development as a good sign, they will support the shares with shortists covering as well.

This is my own opinion only, and please read my above warning note.

 
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03-Apr-2008 20:43 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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Exercise extreme caution with this counter.....see auditor's report.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1F9531C4AB8A1B9448257420001036BB/$file/Announcement.pdf?openelement
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01-Apr-2008 09:52 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		wonder wads the gd news?
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31-Mar-2008 22:18 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		It is giving share options at 0.07cents...
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31-Mar-2008 19:38 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		y firstlink halt trading. gd news? ppl been buying the share up
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28-Mar-2008 16:25 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		here we go again. wads happening?
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25-Feb-2008 16:11 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		Hi, does anyone know why Firstlink is now gone down from "Market Darling" as in this thread title, to that of "Market Pantat"? hehehe..
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07-Jun-2007 21:10 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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x 0 		yes hope that it can get back to its old days
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07-Jun-2007 19:29 FirstLink^   /   Mkt Darling...Firstlink       Go to Message
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PostPosted: Thu Jun 07, 2007 7:17 pm    Post subject: firstlink..salt mine turn into "gold' soon Reply with quote Edit/Delete this post Delete this post
Previously singatronics and trading below NTA $0.2041,co is likelt to wrestle control in Green Salt Group..67m shares had been placed at $0.075 in Jan 2007....co has also embarked on salt and foodproducts...in the midst of injecting assets into co..will move to 20 cents....and 25 cents sonn..Strong buy Razz Razz Razz
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