China Nonferrous Gold Dividends - CNG

China Nonferrous Gold Dividends - CNG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
China Nonferrous Gold Limited CNG London Ordinary Share KYG215771042 ORD USD0.0001 (DI)
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 8.95 16:35:17
Open Price Low Price High Price Close Price Previous Close
9.40 9.40 9.40 8.95 8.95
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Industry Sector

China Nonferrous Gold CNG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

novicetrade68: Some news just released... 02/03/2021 1:22pm UK Regulatory (RNS & others) China Nonferrous Gold (LSE:CNG) Intraday Stock Chart Tuesday 2 March 2021 Click Here for more China Nonferrous Gold Charts.TIDMCNG China Nonferrous Gold Limited ("CNG" or the "Company") Financial Update China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following update: Repayment for part of loan with CNMC International Capitals Company Limited The Company is pleased to announce it has repaid US$20m of its outstanding loan with CNMC International Capitals Company Limited ("CNMC International") in accordance with its terms. The total loan facility with CNMC International was US$90 million (the "Loan") and accordingly US$70 million of the Loan is now outstanding. As set out in the announcement, dated March 5 2018 repayment of this balance of US$70 million was due on or before the end of December 2020. The Company is currently in discussions to agree a formal extension of its existing remaining debts facilities with CNMC International with a similar or lower interest rate than the current facility, and the Directors believe this will be achieved. As CNMC International is an associate of China Nonferrous Metals International Mining Co. Ltd ("CNMIM") (the Company's 38.36% shareholder) such an extension would be a related party transaction pursuant to AIM Rule 13. This would require an announcement which contains the information set out in Schedule Four to the AIM Rules; the name of the related party concerned and nature and extent of their interest in the transaction; and a statement that the directors, having consulted with the Company's Nominated Adviser, consider that the terms of the transaction are fair and reasonable insofar as the shareholders are concerned. Further updates will be provided in due course. Summary of Current Financial Position At the current time, loans drawn down by the Company amount to c. USD$328million, this includes US$99.55m of banking facilities (unaudited). COVID 19 Update The Company confirms that they have taken appropriate steps to ensure that staff continue to be protected at site, and to date operations at the mine site at Pakrut continue as normal, despite COVID 19. Further updates will be provided if the situation changes. For further information please visit the Company's website ( or contact: China Nonferrous Gold Limited Zhang Hui, Managing Director Tel: +86 10 8442 6662
danmart2: Eke, It wouldn’t be the first time CNG have leaked out an RNS late on a Friday As stated, the reported quantities are key to understand where they are upto in terms of maximising mine potential and if they can be trusted.
danmart2: CNG result quantities will be interesting
danmart2: Thank you for the link. There is still a long way to go with CNG.
mattjos: I know folk don't like the debt here, it's all most seem to want to talk about. I guess I'm a bit more glass half-full about the company and just what they have achieved to date at Pakrut, despite a seeming never ending series of challenges but, that's mining for you and the road from Mine Plan to mine completion virtually never goes to plan. CNG are very fortunate to have CNIM backing them .. they've got financial firepower, purchasing scale & they are the sort of entity that can & does see the bigger, longer-term picture. If it were not for CNIM we too would have 2Bn+ shares in issue here & probably still not even be in production.
jailbird: Been talking to my brother hari about this one So I thought I mention it hear Wondering what your thoughts are Sorry off topic slightly everyone I do not hold CNG or MTL Hari is invested here
jailbird: MattjosHave you looked at the MTL , it was a basket case early last year but have turned it around .$15.6m cash $132m debt 6years LOM but further areas to expand I read Debt paid of in 2.5 years Q4 2020 of 20,295 ounces,.. $13.6m free cash flow .Same market cap as CNG worth comparing valuations and which one is cheaper
mattjos: and again today .. the buyer seems to have changed tactics for now and is buying up all the little sales in small parcels & flurries. I am curious to see at what point (if at all) as we approach the February update, will the volumes begin to increase. I'm sure much too boring for any of the usual AIM herd to have an interest in but, i remain persuaded that we are gradually seeing a very significant mining company emerge. CNMIM is an ambitious and successful corporate entity. They are not here just to support Pakrut ad infinitum. I don't doubt the mine will become self-financing once Phase II is successfully implemented & that CNG will expand & grow beyond just Pakrut
mattjos: I don't get as hung up about the debt as others seem to. CNMIM are behaving impeccably towards their prodigy. They are standing behind the debt until such time as the mine has reached its full planned productive output & reliably so … based on the main 'levers' that influence the financials of such an operation, CNG will be able to deal with that debt & start to reduce it. The fact that equity remains overlooked just now does not mean it will permanently remain so. As/when Pakrut starts producing at / around 100,000oz Gold a year, the market will not be able to ignore it & it looks increasingly likely that the mine will achieve that milestone during a time when gold is trading at over well over $2,000/oz … that's annual Revs of $200m+ from a low-cost operation. The debt won't look so intimidating to folk then & I believe the equity certainly won't be valued at less than 20p
mattjos: There are some similarities with AAZ in that they are both mining entities but, I don't think they stand much comparison beyond that. CNG is more of a corporate Joint Venture in many ways … a small listed entity with a large corporate (CNIM) standing behind it & also owning a big chunk of it. CNIM has 'extended its umbrella' over CNG and afforded CNG access to CNIM's purchasing economies during construction & access to the debt markets in size & at rates that CNG would never have been able to access as a stand-alone junior entity. Now some will argue that CNIM's executives also being Directors of CNG gives rise to a conflict of interest & therefore the 'deals' are always categorised as 'related party transactions' and these are therefore to be instantly seen as a bad thing but, this is the nature of the JV arrangement and is an inescapable feature of such an arrangement. It does not & should not immediately warrant negativity. Of course CNIM will want Executive level presence on the Board of CNG .. look at what they have invested and afforded to CNG. It's only sensible that they are there to shepherd their investment in this smaller entity - any one of us would do the same. The alternative would be CNG raising the finance via equity & that would have resulted in CNG having more like 1.5Bn+ shares in issue by now. I believe CNIM value the equity in CNG far more highly than to try and tap the equity markets at these sort of prices. They have their eyes set on the bigger, longer term potential of owning a majority stake in a listed gold miner with 100koz rate of production from Pakrut (still open at depth), Eastern Pakrut, Sulfidnoye and Surmyanoye + other targets on the Tien-Shan Fold Belt. The NPV figure is determined in BFS stage by taking into account all the CAPEX the project requires (presumed to be via debt & therefore maintaining the equity issuance constant), the cost of the debt, the projected cashflows resulting from the project over its lifetime & applying a discount to that calculation to bring back all those variables to determine the value of the project at the time the BFS is produced. Arguably the model would be more complex as it would apply a much larger discount to pre-construction stage, the construction stage, the initial startup phase, the full; production phase etc but, these varying levels of discount are amalgamated into an overall Discount Figure (in this case 10%). It is quite clear that the early stage & therefore the stage that attracts the highest level of Discount (50%??) is in the rear-view mirror now as the mine is productive. The asset is producing cashflow & therefore, once those earlier phases of high discount are ticked off, the remaining years of the project are discounted at a much lower %. If 10% was the overall rate assumed at the outset, what is a reasonable discount % to apply to the remaining 18 years of productive operation? It should be less than 10%. I believe CNIM value their equity in CNG far more highly than the market currently values the rest of the free-float
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