China Nonferrous Gold Share Discussion Threads

[joey wilson] 07/9/2021 08:39

Looks like this is trying to rise under the radar. All it needs is a small amount of sustainable buying and everyone else to hold the line and this will soon shoot up.HOLD.JW

[mattjos] 06/9/2021 19:08

2 x 50k's in the 9's today

[wanobi] 06/9/2021 17:14

yep :-) :-) cheers Wan :-)

[mattjos] 06/9/2021 16:37

highest daily close since Jan

[shorttrader] 06/9/2021 14:01

"First he was beaten and then fired." Why did the local workers of the joint venture "Pakrut" go on strike?About 40 workers at the Pakrut, a Tajik-Chinese joint venture in Vakhdat, have gone on strike to protest the allegedly illegal dismissal of a local worker.Local workers said that the incident was the fault of a citizen of the PRC, but the Chinese leadership of the joint venture defended their compatriot and fired a local worker.The shares of the Pakrut gold mining enterprise are owned by the Chinese company China Nonferrous Gold Limited (CNG).Why did the workers decide to strike?The emergency happened at the end of last week. A citizen of the PRC (his name is unknown), without explaining the reasons, slapped the local security officer Navruz Safarov, who was filling the car with diesel fuel, and was punched in the face in response. As it turned out, the Chinese man is exercising control over the discipline of local workers. Navruz Safarov was fired on the same day.The management of the joint venture does not comment on the incident and the workers' strike. The administration employee, in an interview with Radio Ozodi, did not deny the conflict in the enterprise, but only said that "the issue will be resolved on September 3".One of the company's employees, who introduced himself as Abror Makhmadov, told us on September 2 that local workers stood up to defend the dismissed Navruz Safarov and went on strike. "No measures were taken against the citizen of the PRC - the culprit of the incident. Previously, he wounded several local workers with a screwdriver, then the leadership also came to his defense. Therefore, we decided to declare a strike until Navruz returns to work, "said our interlocutor. The strike lasted a week, none of the workers went to work. On September 2, the heads of the enterprise met with the workers and promised that they would restore Navruz Safarov to his previous job within 24 hours. Coronavirus and PakrutStrikes and protests in Tajik-Chinese joint ventures have taken place before.Last May, Tajik law enforcement agencies quelled a riot by Chinese workers from the Tajik-Chinese Mining and Industrial Company in the northern village of Zarnisor. For this purpose, riot police were called to the scene and dispersed the protesters by shooting in the air. about 60 Chinese citizens, armed with stones and sticks, gathered at the head office of the company, they broke glass in the building and several cars parked nearby.According to one version, the reason for the discontent of the workers was the delay in wages. According to another version, Chinese migrants demand to return them to their homeland - they cannot leave for China due to closed borders and imposed restrictions due to the coronavirus epidemic.In April this year, the Pakrut joint venture was fined 1,500 somoni ($ 133) after local workers went on strike to protest their rights violations. As it turned out, Chinese employers, contrary to the recommendations of the republican headquarters for combating COVID-19 and the Ministry of Health of Tajikistan, introduced a three-month quarantine for watch workers at the enterprise - during this time they were not allowed to leave the territory of the enterprise.The State Service for Supervision of Labor, Employment and Social Protection of the Population believes that this is contrary to Art. 245 of the Labor Code of the Republic of Tajikistan, according to which the duration of a shift cannot exceed 15 calendar days. At the facilities, with the written consent of the employee in accordance with the employment contract, agreement and collective agreements, the duration of the shift can be increased to 30 calendar days, the message says.Employees of the State Service for Supervision of Labor, Employment and Social Protection of the Population also found out that employers do not pay overtime for work in quarantine conditions and during the night shift. 200 TBEA workers go on strike over poor food qualityIn June, some 200 local workers at the Chinese gold mining company TBEA went on strike to protest the poor quality of food in the company's canteen. On condition of anonymity, workers at the Kumargi Bolo mine told Radio Ozodi journalists that they were not given meat, but boiled, low-calorie food. They emphasize that the deposit is located in the highlands, which means that they need complete and high-calorie food. On June 25 they were offered boiled rice and boiled barley for lunch. They refused food and threw food on the ground in protest. Then they were brought fried potatoes at 17:00.They also claim that the company's management promises to fix the problem, but the situation is not changing.Workers at the Kumargi Bolo mine are paid around 2,000 somoni ($ 175), and they receive a bonus of 1,200 somoni ($ 105) for work in the mountains."In conditions when food prices rise every day, it is very difficult for us to provide for our families. On the other hand, it is simply impossible to find a better-paying job in these places and we have nothing left but to endure," our interlocutors said.In 2018, the Chinese company TBEA received a license to develop two gold deposits in the Sughd region of Tajikistan - Kumargi Bolo and Eastern Duoba. The Chinese company was granted the right to mine because it built the Dushanbe-2 thermal power plant with its own money. The total cost of the Dushanbe-2 CHP project was $ 340 million, of which $ 331 million was allocated by the Export-Import Bank of China, and $ 17.4 million - by the Tajik energy holding Barki Tojik.

[elpirata] 06/9/2021 13:25

I note that I'm now in profit here, hopefully just the start of the uptrend

[shorttrader] 06/9/2021 12:05

https://rus.ozodi.org/a/31442134.html

[wanobi] 06/9/2021 07:43

very pleased to see the recent activity here, fingers crossed a more sustained move up is forming,,, we shall see, Cheers Wan :-)

[mattjos] 02/9/2021 17:11

the two trades at for 22,636 at 11:31 are within 5 seconds of each other and identical amount with fraction al spread so, I assume they are some kind of account switch over. Maybe a Bed'n'ISA or Bed'n'SIPP

So in reality, just 8,100 shares sold today at 8.5p and 138,000 bought at 8.8p

[mattjos] 02/9/2021 16:39

& another 25k at 8.8p

Tide is starting to turn

[fozzie] 02/9/2021 11:37

I have noticed some larger purchases of late, 80k @ 8.9 yesterday as well. Looked like a 175k buy last week. It's been a patient hold here, hoping things are going to start moving up over the next month.

[mattjos] 02/9/2021 11:12

that's a decent buy this morning. 113k @ 8.8p

[joey wilson] 31/8/2021 18:24

Based on previous trend Thursday 30th September. I am hoping for some guidance on the present production level. I'm looking for an indication that they have achieved a 100% increase in production or at the very least by the end of 2021.I think this is the catalyst we are all waiting for...JW

[mattjos] 31/8/2021 14:23

Interims in 4 weeks

[wanobi] 31/8/2021 12:21

now then,,, today's price move is interesting :-) GLA Cheers Wan :-)

perhaps, maybe LOL :-)

[mattjos] 11/8/2021 21:13

when you look at the trades today, there were less than 2,000 shares sold across the whole session v 205,000 Buys.
In the absence of the mucking about in the auction, it would have closed at the mid price of 7.3 - 8.5, being 7.9p (& is probably where it will open tomorrow) but, for the sake of a 51 share UT at MKT price, it prints a close at 7.05p

The ADVFN Candlestick is a near solid black/red one showing just that but, the same chart on IG Share Dealing shows it as a Green Candlestick with a 7.875p close.
No idea how some of these platforms can report so differently.

[mattjos] 11/8/2021 20:56

once again the MKT instruction was used in the closing auction to try and find an artificially low UT, hence a 51 share UT causes the closing price to show as 7.05 - which is total BS.
Those with DMA and entering orders on the book during the day mostly tend to remove those trades before the 16:30 Auction starts because i believe they can see it's being mucked around with by someone else + it's just easier to buy/sell during the day from 'retail'.
Thinly traded SETS Stocks are so easy to muck about with in the short term.
Given the daily volumes and low free-float, I am surprised it has not reverted to solely a MM stock.
Still, every now and then it means the price does drop to daft levels and if you're quick you can nip in and take some before it reverts.

[joey wilson] 11/8/2021 09:45

Shame I haven't got any spare coffers as I would join you this morning wan. Ridiculously cheap....JW

[fozzie] 11/8/2021 08:16

Keep going Wan, we will be issuing a holding rns at this rate lol

[wanobi] 11/8/2021 08:15

another 2 lots of 50K for me chaps,,, fingers crossed, cheers Wan :-)

[fozzie] 10/8/2021 19:32

Hari just trying to get the lowest price possible and it did dip down again slightly at the end of the day. Need to get my average down further.

[wanobi] 10/8/2021 17:53

I was hovering over the 100K buy button again today, but, refrained from pushing it,,,, for now :-),,, see if we get a bit lower perhaps,,,, who knows, might just bounce off that support line,,,, GLA Cheers Wan :-)


free stock charts from uk.advfn.com

[hari] 10/8/2021 15:25

Later on What price are you waiting for?I would not be here now until I know 10p will be gone for good Rather buy on the way up when that happens

[fozzie] 10/8/2021 13:04

7.5 - 7.85 A few smallish sales going through today might give an opportunity later on.