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The price of Goldtron is going to move up very fast now....There are so many lots queue at 4cts....
Once the Sino agreement is signed to sell radiance shares and the rights issued for new shares is done, the price of goldtron is going to move up very fast as the debt owing to creditors would be cleared and the perceive value of this share is much higher than the current 3.5cts only. If you have checked the price of all the rest of the shares, you would observe goldtron share price is so cheap. 1000 shares is only $35 dollars. Cheaper than buying 4 movie ticket ($36) on weekend.
uychan12,
Please see the published write issued on 10 May 2007. I observe that there are heavy collection at 0.3 cts and 0.35 cts. it is very unusal. All these fund managers always push the price down than buy in alot and later push the price up, and they earn huge profit.
GOLDTRON LIMITED (the ?Company?)
(COMPANY REGISTRATION NUMBER: 196200234E)
PROPOSED NON-UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE OF UP TO
2,631,468,525 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY
(?RIGHTS SHARES?) AT AN ISSUE PRICE OF S$0.015 FOR EACH RIGHTS SHARE ON
THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD
BY SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE
DETERMINED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED, TOGETHER
WITH UP TO 1,315,734,263 FREE DETACHABLE WARRANTS ("WARRANTS"), EACH
WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR 1 NEW ORDINARY SHARE IN
THE CAPITAL OF THE COMPANY (?NEW SHARES?) AT AN EXERCISE PRICE OF
S$0.015 FOR EACH NEW SHARE, ON THE BASIS OF ONE (1) WARRANT FOR EVERY
TWO (2) RIGHTS SHARES SUBSCRIBED FOR (THE ?PROPOSED RIGHTS ISSUE?).
Something is brewing. Goldtron has been supported at .035 and the que to buy is higher than sell which is unusual. Goldtron is raising money by selling Radiance shares. Today buy up has been healthy. Someone is trying to depress it to 0.03. I am curious.
Superboy, where do you hear the news about the rights issue by Goldtron. I search and search and wait and wait but nothing happen. If you have insider news, why is Goldtron issuing rights? For clearing of debt or expension?
The latest news from sgx website is Put and Call option with Sino Fortune Union Investment Ltd.
Just to add to my post below...
I ignore all fundamentals by choice...
Though there's so much to learn about the fundamentals ad infinitum...
...I don't want other ideas to get in the way of my technical analysis (thus influencing my trading), except only my technical ideas...
Superboy... :) (red face)
hahaha...
You are asking me about the company's fundamentals... :)
I am only a technical trader...
And I totally ignore the fundamentals, news, rumours, talk, etc.
... Therefore since I am really blur in such things...
I can't answer any of your questions in an intelligent way... :)
Hi iPunter,
I saw the last year May 06 news, Goldtron was in talk of take over. Why other said that it could become 20 times shares price if it is take over? After the Right Issued, the debts would be cleared, does that mean its share price would go up?
When one buys, one should always buy at a good price (ie. cheap-cheap).
But many are too "kan-jiong" to get on board, so do the chasing act and market in.
However, different temperaments play differently.
(By the way, one should 'market in' only when a stock starts to break out from a bullish formation.)
Hi iPunter,
Can elaborate? Why hard to get in? What similarity does it has compare to Digiland??