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Share Name Share Symbol Market Type Share ISIN Share Description
China Nonferrous Gold Limited LSE:CNG London Ordinary Share KYG215771042 ORD USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.35 -7.61% 4.25 4.02 4.48 4.28 4.00 4.28 57,824 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.1 -16.2 -4.3 - 16

China Nonferrous Gold Share Discussion Threads

Showing 3001 to 3023 of 3025 messages
Chat Pages: 121  120  119  118  117  116  115  114  113  112  111  110  Older
DateSubjectAuthorDiscuss
10/8/2022
21:53
Anyknow know when we expect the next news here?
leopoldalcox
04/8/2022
15:28
This looks like it may test all time lows given a few more months
leopoldalcox
30/6/2022
21:50
Agree with you both. Stripping out, what I hope is a one-off Tax charge (for whatever reasons) & the CV19 costs, the company would have declared a maiden FY profit as I had anticipated & that (together with what we now hope is the end of Covid) should have been sufficient for the management to press ahead with the next expansion phase of the mine. I'm not minded to sell any of the shares i own as i believe the management will continue to display the resolve and resilience demonstrated to date and master the challenges. Whilst I'd much rather the management salaries were going up in line with profits, the fact that the BOD have voted down their own remuneration shows their intent to get on top of this. I have written to the company offices in London asking for a way that shareholders may raise questions to the Board and that these get answered in full. The AGM location denies UK shareholders the opportunity to attend in person but, there should be a way for shareholder questions & Board responses to be aired as part of the AGM statement. If I do not get a satisfactory reply from Maryna in the London Office, I will revert to the email address given for the Beijing office on the company website. Final course of action will be to write to Katie Mitchell at WH Ireland (Nomad) Given that a single shareholder rarely gets response these days, I would suggest others (Politely please) attempt same, if they are so minded. Contact details may be found here: https://www.cnfgold.com/contact-us/contact-us I have Katie Mitchell's email address but, will not post it on the Boards at this stage. Suggest those that do attempt contact, share their experiences here and maybe, if we end up having to contact the Nomad, we do so collectively in the one email.
mattjos
30/6/2022
21:25
The problem now is more questions that could do with being answered by the company. However they do not answer our questions. I agree with above. Dead for another 12 months. Expect this to slide short term, if anyone else tries to sell in volume.JW
joey wilson
30/6/2022
21:03
Only had a chance to glance through the rns up to now & thats a fair summary thanks Mattjos, I'd take those results barring the curveball tax charge The Tax Committee does not recognise some of the expenses that the Company considered deductible which lead to an additional tax charge If the tax inspection went retrospective behind y/e 21 then surely the prior years plc accounts would have to be restated - there is no mention of this so do we assume it relates to 21 in isolation? Is it a one-off exceptional tax charge? Whatever, the investment rationale is in question here & for what is a highly illiquid share. I'll just park this one up until 'this time next year Rodney', doubt if I'd be able to sell in volume anyway.
elpirata
30/6/2022
20:09
'Above the line' the mine itself is performing well and the operational metrics continue to incrementally improve. Gross Profits ($34.7m) were highest yet reported & so too was Gross Profit Margin. Finance costs have reduced by $5.1m YonY (to $10.8m) & are now 50% of those reported in FY2019. 'Below the line' things are frustrating. We just have to suck up the transitory additional costs related to Covid 19 - these now seem to be ending according to relaxation commencing 1st July. The Income Tax is the bombshell that the company must surely now get sorted with specialist advisory consultant or such like. It appears they have had a site visit by the tax authorities and been clobbered as a consequence. Whether this is a one-off event provoked by the Tajikistan finances being in such a parlous state as a result of the pandemic cratering the economy and/or some sort of complete balls up by the company FD & Dept is simply not clear & merits much further explanation by management. Management Remuneration has certainly been dramatically cut this year and looks to me like a clear message from the company that significant improvement is now being called for if Pay & Rations are to rise again - certainly not what you usually see in many other AIM companies who would normally keep salaries the same and just do another equity raise. There is a sound underlying business here .. now valued at just under $24m - 33% of FY Revs / 70% of FY Gross Profits.
mattjos
30/6/2022
18:19
Spending his 5.1m presumably :)
beeks of arabia
30/6/2022
17:41
Hmm $824,000 to $6,012,000,,, tax inspection,,, what's the accountant been doing!? Cheers Wan!
wanobi
30/6/2022
15:59
Good luck all with your investments Dire period for markets coming
hari
30/6/2022
14:56
No corner turned on todays results, a poor year in all honesty
danmart2
30/6/2022
14:17
Sorry to say this again..debt is crippling this Co. The debt re-schedules and different loans, risk of increasing interest going forward....it is a minefield. Credit to person who wrote up the results I cannot see any meaningful improvement from last figures worthy of discussion. Expansion of the mine is a pipe dream, there are no positive noises coming out of these results for me. Revenues up...costs up. Unless we see £2500 Gold, this will do little as an investment
hari
30/6/2022
14:01
Results out.
beeks of arabia
29/6/2022
10:05
Results presumably tomorrow but, you never know with CNG as they often release news at weird times of the day
mattjos
23/6/2022
10:03
small sign of interest … the spread has narrowed and 160k is all that's available online … down quite considerably from a few weeks ago.
mattjos
22/6/2022
13:22
no worries Wan, this patient will shortly wake up from its induced coma
elpirata
22/6/2022
11:58
Well,,,,, if the chart was an ECG the patient would be declared dead!!!!Cheers Wan :-)
wanobi
21/6/2022
21:20
Still very quiet here. Presumably absolutely zero buying ahead of the Results in the current market & particularly a company such as CNG that rarely issues any but the barest of news.Gold still comfortably over $1,800 & H1 almost now in the bag.Is this the low on the mkt cap?
mattjos
10/6/2022
15:38
6.0 v 6.376 for 100k either way
mattjos
10/6/2022
13:26
Given then state of the markets and sentiment + the long overlooked nature of CNG, I assume the liquidity here will remain subdued right up until we get some news issued, at some point in next 3 weeks.
mattjos
10/6/2022
13:03
I remember buying back in June 2019 & there seemed to be no end to the stock that was becoming available.I was in a coffee shop in London waiting to go into the AAZ AGM around the 22nd of June and buying unopposed - a few days later the supply just disappeared completely and that was when we saw the move from 3p to 22p start to materialise.The company has come a long way since then and now in much better shape both operationally & financially + price of Gold consistently much higher.Next 6 months here should be interesting
mattjos
10/6/2022
12:41
Agreed, online bid has been creeping up for a while now but, intentionally not being advertised on the order book.
mattjos
10/6/2022
12:22
good timing with prelims approx 3 weeks away Edit: dummy sell quoted 6p for 50k while monitor is showing 5.55 on the bid, so the spread has narrowed
elpirata
10/6/2022
12:00
That 5k buy was mine.
beeks of arabia
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