China Goldmines Share Discussion Threads

[muffinhead] 05/11/2009 21:00

Interesting GS and i understand where you are coming from

we should know more about 2010 prospects by end December

At the moment the company is just a cash shell...it's return the money or find a deal that is compelling with an early return. A dividend stream would be ideal

[giant steps] 03/11/2009 09:45

New CGM thread for those noting new times ahead (cash shell)

[giant steps] 03/11/2009 09:44

New CGM thread for those noting new times ahead (cash shell)

[giant steps] 02/11/2009 13:55

LinQ March 2009, Quarterly Investment Report

Extract
"
The Fund's weighting to established higher quality producers and developers has once
again resulted in significant capital growth, after sustaining losses earlier in the
financial year. These investments include growth over the quarter from Riversdale Mining
of 47%, Atlas Iron of 37%, Independence Group of 20% and Lihir Gold of 31%.
"

[giant steps] 02/11/2009 13:54

In good company as after disposal announcement we have...

Majedie increase shareholding from 2,008,300 to 2,725,400 (5.62%)



and

Anglo Pacific increase shareholding from 2,960,000 to 3,460,000 (7.14%)

[giant steps] 02/11/2009 13:41

Courtesy of fordtin >

[fordtin] 16/10/2009 14:09

GS,

I don't think a company wind-up would be 'just fine' for the investors who put £30million into the company at £1.20 per share, so you might get out-voted on that score.
The market is overflowing with junior mining companies with very prospective projects which are absolutely desperate for cash. Some of them are giving ridiculously large stakes away for very modest sums of money, but with the cash constraints removed they have huge growth potential from such a low base.

This is an incredibly good time to have £9 million to inject into junior mining projects. If CGM pick the right ones, their asset value could multibag very quickly. If they can negotiate deals which include warrants, they can actively trade the shares and still retain the up-side in a similar manner to the way Polo have done with BKY.

Anglo Pacific have their finger well on the pulse. Hopefully as a significant shareholder of CGM, they might be willing to introduce CGM to a few companies which they think have the greatest upside. If APF have already carried out due diligence, it could speed things up immensurably.

[giant steps] 16/10/2009 13:33

fordtin, thanks for that; i'm still liking the prospect of discounted cash


Edit -
We can hope that Frank with 6.8m shares and Clive with 4.6m shares
will have an incentive to make a return, but co windup will be just fine.

Edit #2

In good company as after disposal announcement we have...

Majedie increase shareholding from 2,008,300 to 2,725,400 (5.62%)



and

Anglo Pacific increase shareholding from 2,960,000 to 3,460,000 (7.14%)

[fordtin] 16/10/2009 13:21

Hi GS,

Here's an updated version using current forex and more recent information taken from the shareholder circular.

[giant steps] 16/10/2009 13:09

Stuart14, some lucky miner needs to reverse into it !

[stuart14] 16/10/2009 13:01

Cash rich shell Co, could be worth more than its actual cash at the moment. Juniors are finding it very very hard to raise cash in the markets, so if they play their cards right we could be sitting pretty. They just need to pull their fingers out

[giant steps] 16/10/2009 12:58

jcpete5, so on today's price at 15p it'll be worth between 22p and 35p

Looks like a nice way to double money if the company is wound up

[giant steps] 16/10/2009 12:54

See fordtin post re CGM

Extract picture

[jcpete5] 29/9/2009 08:49

So how much did we get in share price terms?

[urgentclick] 22/9/2009 15:37

OneEyedJack01 had a good tip yesterday where his stock went up nicely today. I didn't get a chance to research them so didn't buy.

One of the stocks that may interest you guys that is on the rise is African Eagle Resources (plc) AFE rated as a buy by broker consensus. I really like the board members after surfing their site and reading all the info. I bought in a while back at circa 4.7p and they are still low in price.

On 23rd June it spiked up to 12.5p Googling their website (african eagle) and reading the reports is probably the best way to make a decision on investing in these guys IMO. They have a half million ounce gold resource in Tanzania.

[urgentclick] 22/9/2009 15:08

Now the bid is down at 15p from 19.5p yesterday. Quite a dip IMO. That would have been an extra £675 loss for me. Phew, I sure am glad I bailed yesterday and now can look to invest into something that has more solid investment potential.

[fordtin] 21/9/2009 12:31

APF increased their stake just before the vote.
My guess is that they wanted greater influence in the future strategy for CGM. If that turns out to be the case, I hope management listen to any input APF are prepared to offer.

I still hold a few shares, but have sold all of my recent purchases because I suspect the price will fall back now the voting is over. I hope for the sake of all shareholders, especially long-termers, that it can maintain it's current SP, but I can't see much chance of any upside until they actually have the cash in hand.

It looks to me as though cash ready for investment will be somewhere in the region of 20.5p per share, plus another 12.75p per share in 12 months, provided there are no claims on the guarantee. Definitely worth buying back in for a long term punt if the price does fall back, imo.


GLTA

[urgentclick] 21/9/2009 12:30

Here's an example: Alan Sugar is told that one of his products caused a building to collapse but a full report on what happened will be on his desk next week after the experts evaluated the situation. Would he say "ok, as long as it's being taken care of" or a response demanding more detail and urgent action plans? Or would he ask shareholders what to do?

[urgentclick] 21/9/2009 12:21

Sorry for the rant, but I feel these announcements are severely lacking in detail. How hard can it be to clearly explain things in an announcement?

Imagine if something major happens in your company and some guy comes into your office to tell you about it. You expect the full details or they are fired!

If they want me to invest, they must not hide any of the details.

[oneeyedjack01] 21/9/2009 11:39

Am out and have invested profits in SKR which is due a major announcement by the end of the month and the company do not seem to miss the mark.

[oneeyedjack01] 18/9/2009 12:41

L2 2v1 again and looking to make another push on.

[fordtin] 18/9/2009 10:08

morning all.


GS - it's a funny old world ;-)



bushtuckaman -

[m w] 18/9/2009 09:49

Just sold 7000 @ 17.5