China Nonferrous Gold Share Discussion Threads

[dvwrd] 08/3/2022 16:29

£1.5k at 1540 is a buy fwiw

[mattjos] 08/3/2022 09:27

Tajikistan finances not in the best of health during Covid as it is very reliant on Tajiks overseas 'sending money home' but, obviously Covid impact on employment around the world has reduced that flow of monies into the country.

The RNS was good, afaiac. It confirmed that CMNIN was willing to purchase the Gold from Pakrut(at market rates)) if the Tajik government was not able/willing to do so at any time.

fgsake, a Gold mine has to have a buyer for it's Gold and here is CMNIN saying it will do just that, if required.

Not sure how folk can interpret that as a negative.

[hari] 08/3/2022 09:13

I am surprised by the fall Wonder if this has something to do with the recent RNS' Seem to have been taken negatively by the market

[wanobi] 08/3/2022 08:49

nope :-(
Cheers
Wan :-)

[mattjos] 08/3/2022 08:37

Gold now breaching the $2,000 level but, still no interest here

[mattjos] 01/3/2022 16:22

Hard to connect current events in the Ukraine with any possible impact on a gold mine in the mountains of Tajikistan but, folk will sell first and think later.

Gold price doing wonders for the business. Last time Gold was in an uptrend and around this price, CNG shares were trading hands for 12-16p.

[joey wilson] 01/3/2022 16:02

There has been a seller here, though, for a while, patiently taking the price down. Just a waiting game for this to turn. However, when it does expect a fast rise. I'm intrigued to know whether they have achieved or are achieving a higher production this year. The wait to achieve phase 2 feels like forever. I don't suppose we will find anything out until September as news is always very scarce here at CNG. Hence, there is a lack of interest in the wider market.

If this company communicated more with its shareholders, there may be more interest and, therefore, have a positive effect on the share price.

JW

Ps . Sitting on a paper loss presently even though my first purchases were below 5p about 3 years ago.

[hari] 01/3/2022 15:28

Whether there is or not any impact due to the Russian invasion , sentiment in this region is driving these stocks lower

[fozzie] 01/3/2022 13:55

Doesn't make any sense to me, we have gone from someone trying to hold the price down whilst hoovering up any loose stock to the price in free fall when the pog is going up.

[hari] 01/3/2022 12:45

Gold stocks should all be on the up not down right now.

It does not add up here. Is there some Russian money involved here we do not know about?

[elpirata] 25/2/2022 13:30

last 6.589p trade is a buy ;-)

[mattjos] 25/2/2022 11:50

been doing same Beeks. Yesterday was simple panic in the markets.

[beeks of arabia] 25/2/2022 11:24

Bought a few the last few days. Nothing of notable size however (failing some unknown shenanigans) should see this back at 10p in short order.

[mattjos] 25/2/2022 10:25

hard to see how the 'Ukraine' situation can have any negative impact for this company.
Only impact I can see is a positive one from the Gold price.

[hari] 24/2/2022 08:28

Something going on here behind the scenes , this drop makes no sense

[hari] 24/2/2022 08:13

it will be great if it can keep paying debt and upgrade and the same

[hari] 24/2/2022 07:53

Mattjos,Hmmm , yes use cash-flow to reduce debt or spend it in expansion Debt has held this back unfortunately Even at high gold prices , it has only now starting to pay it down .Shows how much the interest is a burden too - which will start to come down and help to accelerate debt reduction.Question from me is , has the Co fixed debt rates for more than a year ? This periodical renewal is not ideal with rates going up .This is why highly leveraged companies are higher risked Co needs to make a decision as gold prices are going up and really expansion is the way to go but it will come at a cost in the short term and debt reduction will decrease It comes down to cost of phase 2, do we know what this is ?

[bazboa] 24/2/2022 07:37

Better find some funds to top up then :)

[mattjos] 24/2/2022 00:10

The Gold breakout continues over $1,900 & with no near-term end to the Ukrainian situation or the growing inflation problem in sight, there seems to be little reason for its upward price trajectory (or most other commodities) to end any time soon.
H1 2021 ave. realised gold sale price for the 17,288oz we sold was $1,785oz.
Looking much like H1 2022 ave. sale price is going to be rather higher.

Markets are not always logical & clearly it's currently a 'risk-off' environment but, current mkt cap of CNG is back at Apr/May 2021 lows. This seems unduly harsh to me so, I modestly added once again today as we progress ever further into this big flag off the May-Sept 2019 pole.
At just £26m mkt cap for a 40koz producer, am struggling to see much more downside.

At what point will the gold price dynamic persuade Management that it's the optimum time to bring the planned Phase II expansion into existence & really start to hugely accelerate the debt reduction?
They must surely see that Covid is now in the rear-view mirror.

[mattjos] 23/2/2022 17:12

SETS so easy to fix day to day in a stock like this. Get a couple of small trades in just 10 seconds before the bell, for a total of 57 shares & that's the closing reference price for the day, irrespective of the 124k bought.
Another day at over $1,900/oz for our output.

[mattjos] 22/2/2022 10:04

People chucking baby out with the bath water today. Gold at $1,900

[hari] 21/2/2022 10:05

Performance just gets worseHitting 2020 lows again

[wanobi] 17/2/2022 11:09

I bow to your greater experience at this Mj, but, to me it's just MM's messing around and they'll soon change it back,,, probably by end of day based on past activities here, no!? Cheers Wan :-)

[mattjos] 17/2/2022 09:35

it's a pretty big change .. it was 8p Offered yesterday