China Nonferrous Gold Share Discussion Threads

[eke] 27/1/2021 04:19

Well said Matt.The rewards are here for those who are patient enough to wait for them.

[mattjos] 26/1/2021 21:19

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] 22/1/2021 12:54

I'm sure it's just co-incidental .. todays figures and the Phase II CAPEX figures.

[hari] 22/1/2021 09:32

The way this Co reports really does not help with understanding the balance sheet. Look how long it took to figure out the total debt. Have no idea if the Co has sufficient working capital or can service the debt. It cannot even at the GOLD prices. Bring on phase II. Need to forget about reporting penny movements and what is being bough or sold , all irrelevant in the short term. I think the same holders are buying and selling.

[fozzie] 22/1/2021 09:05

I was expecting news on the broader refinancing that was mentioned in the interims last September. Paying down debt or a full refinancing package has to be priority one.

[mattjos] 22/1/2021 09:00

whatever it takes to bring Phase II into effect is fine with me. It does not make sense to defer Phase II as the additional costs are a fraction of those for Phase I but, the end result is very significantly greater production & associated economies of scale. The plan is to achieve Phase II and so they are sticking to the plan. It would be worrying if the mine was not actually running per the mine plan with regards processing capacity / grade / recovery rates but, it is so, crack on with Phase II per the plan

[hari] 22/1/2021 08:51

Mattjos, I certainly was not expecting more debt to be taken on, were you?

[mattjos] 22/1/2021 08:22

I assume by the response here that folk would prefer the normal equity placing instead? Phase II implementation is clearly moving ahead

[diablo26261] 22/1/2021 08:13

Unfortunately yet another last minute kick the can down the road for a year with a short term solution. The debt is a lingering issue and a longer term financing agreement will be necessary to lift that black cloud (a little) plus some positive financial performance and news flow.

[hari] 22/1/2021 07:36

I will not say FFS! more debt Looking at the figures, if I have this right. Slight reduction in overall debt by $10m to $348m (excluding today) Out of the $46m new loan, $20m to be used on existing loan. That makes it $26m. I make the new debt now to be $374m now, so not that much more at first look Looks like the Co need to increase production before the debt can start to be serviced

[eke] 22/1/2021 01:21

Hi MattI keep a Snub357 by the bed just incase...Trump is here in Florida licking his wounds...the Republican "Orcs" are gathering strength across the country and are awaiting instruction from the Madman himself! I dont think we have heard the last of him.itsNice to see the trendline looking more positive,I think the share price has some catching up to do as well with Gold holding $1850+Some positive news from the company and we have lift-off!!The

[mattjos] 21/1/2021 18:39

nice to hear form you eke …. i hope you are keeping your head down over there at this time. If the sellers are willing to throw them away like this at under 10p then, I'll keep taking them

[eke] 21/1/2021 18:07

100p by May 2024 (my retirement date)would make me very happy!40p in 18 months is very realistic.

[fozzie] 21/1/2021 17:18

Let’s hope so Matt, not a big position for me but I have enough at an average of 10p to look in from time to time. Just need some good news.

[mattjos] 21/1/2021 14:23

the crowd will be here soon enough bmcb5. I retain my 40p+ price target in the next 18 months

[bmcb5] 21/1/2021 11:58

Good to hear, Mattjos, thanks. I have no plans to buy or sell, but am happily sitting on what I have

[mattjos] 19/1/2021 15:12

& when a little seller does emerge, it just triggers a flurry of small buys

[mattjos] 19/1/2021 12:05

Price rise not exactly flushing out a tide of sellers

[mattjos] 19/1/2021 08:15

Finally WHIS now moved up significantly on the order book

[mattjos] 18/1/2021 15:18

bit more two-way volume coming back into the stock now that signs of life are emerging

[mattjos] 17/1/2021 16:51

For obvious reasons (7th highest % Gainer on LSE) the thread experienced 3 month high in number of visits on Friday so, likely now been put on a few other Watchlists. We've been overlooked for quite an extended period of time now but, throughout that time progress will have been made at Pakrut. The Mine Plan and underlying assumptions had anticipated steady state processing of the price of Gold to average $1,300 / oz for this year of production …. gold currently averaging circa 30% above that figure.

[mattjos] 15/1/2021 20:09

Agreed kingyon1, glad to hear at least one other concludes same.Achieving Phase II should be greeted with some enthusiasm by the market later this year.

[kingyon1] 15/1/2021 18:13

Hi Matt, you are not alone! I bought a few more on Wednesday. I too have noticed the slow canny accumulation over the last few sessions. If/when the second phase is in full tilt this year I firmly believe we’ll be off to the races. Debt pay down could be a lot more rapid than people think if POG holds over $1800.

[mattjos] 15/1/2021 16:52

do pop in and say hello whoever the other buyer(s) is/are