China Nonferrous Gold Share Discussion Threads

[fozzie] 21/1/2022 23:14

Same sort of shenanigans that persisted a few months back Matt, could be the same buyer?

[mattjos] 21/1/2022 22:46

someone wanting to keep this pegged back this afternoon, judging by the way it was traded in the last 30 minutes.
There was a strong background all day and it firmed as the bell approached - I could sell a barrow load at 9.7p.
Someone tried to keep the price pegged right back down to 9.2p with another MKT Offer for 5 shares in the auction but, no one obliged.
They kept it red for the day overall but, that does not tell the true story.

The '10p line' virtually always causes a bit of hesitation in any advance so, I am expecting a few days of subterfuge here to keep trying to mask the strong underlying demand for the shares but, would be very surprised if we're not clean through 10p & higher before the next two weeks are out.

I remain persuaded that we'll go much higher than 10p this year and challenge that 2019 high around 20-22p - the company in strongest position in it's history & the market cannot keep ignoring that fact. A long overdue re-rating is underway, imo.

[eke] 20/1/2022 20:16

I dont see a slowdown anywhere.Ports are congested.Ships are waiting for days ,even weeks to get into port.We have never been so busy here...Orange juice from Brazil.Concentrated Apple juice ,steel pipes and coils from China. Timber products from Germany .Sulphur from Russia. Stone and Aggregate from Canada......the shipping industry is booming!

[mattjos] 20/1/2022 20:04

much appreciated eke, thank you.
Never heard of any of them. Yes, am aware of the shipping situation in the USA as we import and export to/from USA - huge delays seem to be getting worse.
Will check into those you have mentioned.
Meantime, a cracking day for CNG and we close bang on the 10p level

[eke] 20/1/2022 20:01

MattI have been in the shipping industry for over 50 years.I work in the port of Tampa so Im witness,first-hand to what's happening here and in the US.I have large holding in the following companies and are doing well for me.1.Major shortage of shipping containers in the work.One company build and lease containers on long term contracts TGH. Textainer.2. Greek ship owner with a large fleet of Container ships and bulk carriers.Big shortage of container ships so the charter rates are going through the roof.ESEA. Euroseas.3. US shipowner with a large fleet of in-demand specialist cargo carriers.MATX. Matson.All three have much more to go and may be a useful addition(if you can get them in the UK)to your goldies.Sorry if its off topic.

[jailbird] 20/1/2022 19:32

Yes discussing this recently again. Turning a corner?

[mattjos] 20/1/2022 17:18

2-hours they delayed reporting that trade, wanobi

[wanobi] 20/1/2022 14:22

back in the 500K+ club here now Mj, so you can add me back onto the spreadsheet :-)

200K buy not showing yet :-)

GLA
Cheers
Wan :-)

[mattjos] 20/1/2022 13:58

Cheers eke. Nice to hear from you.Yes, we should see 15p soon, maybe a little pause at 10p as is usually the case but, Gold price helping us greatly so, who knows. Cheap is cheap, depends how many others appreciate this.

[hari] 20/1/2022 13:27

Try other thread This has thread has been superseded now I reposted on the other one

[danmart2] 20/1/2022 12:53

The company 2021 results including debt repayment plan is the key.

If they are repaying significant amount then the share price will boom.

Some complain about the companies lack of communication but I prefer it this way; there is no spin.

A Phase 2 is now operational RNS would also spike the share price past previous 22p high

[eke] 20/1/2022 12:20

Morning MatJune 29th to be precise.All's well.Still busy in the port of Tampa.Watching from the sidelines as always...its almost addictive when tou have a smart phone to look at least 2 or 3 times a day.10p has now gone...how quickly it moves to 15p is anyones guess.Ive been investing heavily in shipping stocks over here as I cant trade any UK stocks.Ill send you a few names for you to watch later today.Onwards and upwards from here....

[mattjos] 20/1/2022 10:58

nice auction !

[ironstorm] 20/1/2022 10:58

Dont worry we are still ion the foothills here.

No-one knows about it - more will come when the picture becomes obvious. Up to now you have had to read the runes - thanks for that Matt.

[mattjos] 20/1/2022 10:57

Cel, I know you are an investor rather than a trader.
I believe this should be priced well above the 22p we achieved in 2019 & should achieve that this year. Beyond that, I remain persuaded we'll see new ATH's as the market sees the debt coming down and price of Gold remaining elevated above $1,800 (probably well above $1,900)

[wanobi] 20/1/2022 10:56

hopefully there will be a few more seeing it that way Cel :-) :-)
Cheers
Wan :-)

[celeritas] 20/1/2022 10:53

I've started to take an interest here after shunning it for years. I really can't ignore it anymore with metrics changing positively, just wish I'd jumped in a bit sooner.

[celeritas] 20/1/2022 10:48

The 50k which is down as a sell at 9.6 is my buy.

[wanobi] 20/1/2022 10:41

oooooh err another 50K for me in that case Mj :-) :-) GLA Cheers Wan :-)

[mattjos] 20/1/2022 10:35

all the time the debt was seen as rising here, folk will have been shy of it.

Now the debt has all been properly rescheduled at much, much lower rates of interest & no longer short-term debt (which was expensive debt) & the mine is running well, we can see they are able to both service the debt interest costs AND repay the debt.
For first time, we've got some decent metrics on which to value the business & a common enough valuation methodology for all to understand and apply.
It's cheap. Too cheap

[mattjos] 20/1/2022 10:31

it's doing that for a reason wanobi .. it's very cheap and it should not be this cheap, imo.

[wanobi] 20/1/2022 10:09

thanx Mj,,,, a better bet than ADV, where I lost, that's for sure :-) :-)
Cheers
Wan :-)

also, good chart indications using the ema's you kindly gave me (many thanx again) ,, nice GC there. :-) :-)


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