China Nonferrous Gold Share Discussion Threads

[eke] 10/2/2015 14:51

I see a 20% recovery in the share price between now and June.Anyone else feel the same way?

[hounddog10] 10/2/2015 14:23

Yes was considering picking a few myself. The RNS indicates that the operational aspect of the project has been substantially derisked.

[novicetrade68] 10/2/2015 13:58

I always felt the announcement of a first gold pour end of 2014 was a little bit misleading as Pakrut is only open for business may be 8 or 9 months each year.

I don't hold as many as I used to here, but am thinking of buying back a few (against pretty much the same cost) now that HK won't go ahead and CNG should be making some money this year.

[hounddog10] 10/2/2015 09:47

I think the first pour (although really just preliminary) was to be end 2014. Overall this sRNS seems good news. Muted reaction, I think, because many investors have bailed out.

[sparkey_two] 09/2/2015 17:44

I have lost touch a little but originally I was pretty sure they aimed to have the first gold pour before the end of 2014, so on the face of it this looks like a six month delay.

However it sounds like things are progressing well.

[abacus23] 09/2/2015 09:05

I'm not sure what to make of todays news and by the markets reaction, i'm not sure what they make of it either.

[cp42kx07] 16/1/2015 12:20

Niels

I've replied on chip's MML thread.


CP

[nielsc] 15/1/2015 11:11

CP42Kx07,

Having been a holder a few years ago I look in here on occasion. Reason for selling up was that I thought production would be longer off than initially planned and would rejoin when proper production got underway.

o/t

I noticed you suggested MML on ASX as a producing gold miner. One I hold and have suffered with recently, but it does look like it has turned the corner with GD back at the helm.

Another small producer is SHG, which is probably worth a look. The price is a bit bombed out, but new management have done a good job over the last 18months.

Cheers,
Niels

[cp42kx07] 09/1/2015 13:03

(off topic)

abacus23

FYI, if you decide that you are interested in ASM there is a case to be made for buying it in the US market rather than the Canadian one due to the greater liquidity.

MML looks great at AUD 0.80 but I feel sorry for anyone that has held from its highs! The ex-CEO (PHB) was a disaster.

[satoshinakamoto] 09/1/2015 12:12

Then how will I get my money?

[rogash] 09/1/2015 07:31

why don't they just take it private?

[abacus23] 08/1/2015 14:20

I'm already in MML. ;)

I'll look into ASM.V

Thanks

[cp42kx07] 08/1/2015 13:22

abacus23

You may be right to stay. The situation now seems too unclear for my taste.

re: stocks, MML.AX (gold) & ASM.V (silver) are good examples.

[abacus23] 08/1/2015 09:52

CP42Kx07.

"when compared to other interesting gold / silver producers now available at knockdown prices."

Would you mind confirming which stocks you are looking at please?

I was looking to stay.

[cp42kx07] 07/1/2015 16:57

Farewell KYS / CNG. After 8 years I have finally thrown-in the towel due to the problems with the HK listing and my dislike of AIM listed stocks. Also some concerns over the (perhaps necessarily) opaque management style.

All-in-all rather disappointing (despite a 139% capital gain) but I suspect that I have been deluding myself recently regarding the potential upside when compared to other interesting gold / silver producers now available at knockdown prices.

The best of fortune to all stalwart holders.


CP

[legg96] 07/1/2015 07:05

The management did know. That`s why they presented themselves as engaged in experimental production, which I suppose is fair enough as the first pour was probably only last month. However, it does mean that the company has made no effort to communicate its production achievements and objectives to its AIM investors.

[charles clore] 07/1/2015 01:13

Wow that is a complete balls up! How come the management didn't know that crucially important piece of information? Seems like gross incompetence.

[eke] 06/1/2015 16:35

That explains it perfectly!
Is this worth a 3 year+ wait or is it time to move
On.CEY looks a good alternative.

[legg96] 06/1/2015 16:00

No update on production because HK requires a 3 year production record for listing of a gold producer. The company has presented itself as only having experimental production to the HK authorities.
For 2 years the company has not tried to market itself to investors as apparently when the company did a road show in Singapore in 2013 and the share price went to 40p the HK authorities warn them not to manipulate the share price prior to listing.
Now that HK has said no I hope that the company will start to explain its attractions to the investment community.

[eke] 06/1/2015 15:49

Why no update on production?
We have passed the Dec 2014 date so I can see why
Most of us long termers are getting restless.

[abacus23] 06/1/2015 15:34

riskier,

I still believe there are to many positives to be out.

I realise the HK listing looks flaky, but the revenue they will produce from the gold will be worth waiting for, i believe.

Gold commencing i believe.

I'm staying in.

[cp42kx07] 06/1/2015 15:31

Somewhat surprising that management don't have a backup strategy ready to announce at the same time as the listing objection news (which has looked a distinct possibility for a while now).

HK or not, CNG is fully funded with mine construction almost completed. Not such a bad position to be in.

[riskier] 06/1/2015 15:27

I'm out. In at 16p (23 Oct 2010), so not a bad deal. Had hoped HK listing would be positive, now looks flakey. GLA.

[abacus23] 06/1/2015 13:58

What now?

China Nonferrous Gold Limited 中国377;色黄金有&480;公司 (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, announces that the Securities and Futures Commission of Hong Kong (the “SFC”) has objected to the proposed listing of the Company’s securities on the Stock Exchange of Hong Kong Limited on the basis of certain listing eligibility considerations, and therefore the Hong Kong listing cannot proceed without the SFC’s permission.

The SFC has informed the Company that it has a right of appeal to the Securities and Futures Appeals Tribunal on or before 27 January 2015, and the Company is currently considering its options.

[cp42kx07] 22/12/2014 14:45

legg96

You're right of course but I still thought I'd ask Santa just in case he could speed up the process!

Merry Christmas and hopefully a prosperous New Year to you and all the KYS / CNG faithful.


CP