China Nonferrous Gold Share Discussion Threads

[hari] 07/6/2022 05:08

Mattjos,I understand now , I guess the confusion for me was the wording "Current Financial Position"Regarding phase 2 expansion , agree need to get in with now if profitable However I would like to know the cost of expansion and how will this be funded. Co is clearly waiting for the right time to expand , but what ?Is the Co

[wanobi] 06/6/2022 17:32

not sold any :-)
GLA
Cheers
Wan :-)

[mattjos] 06/6/2022 16:26

still only tumbleweed to see here but, only 3 weeks or so now until FY 2021 results are due out & then a further 3 months to the H1 2022 results.

I'm still expecting to see a Profit before Tax reported for second half and the full year as a whole, in part on assumption that Ave. Sales Price for H2 was circa $1,780/oz.


Given that:
FY19 was a Loss of $21m
FY20 was a Loss of $5m

A Profit for FY21 should give a clear signal that the mine is now 'wiping it's face'.

Tajikistan is now over 60% vaccinated and Covid cases flatlining at Zero.

If I were in the top seat at the Board Meetings, I'd be voting that now is the time to get Phase II going as there is now a proven & significant profit opportunity once they get production up to circa 80koz / year.

Market Cap sill under $30m .. less than 40% of just one full year Revs. That is cheap but, I guess the market just will not look past the debt figure at this time.

[mattjos] 31/5/2022 07:45

As I keep saying, those statements do not make any reference to Cash that the company is holding - they are Gross positions not Net.+ read the earlier news items with regards the scheduled repayment cycle.We're due an update in June

[joey wilson] 31/5/2022 06:51

Could it be they are using funds to upgrade production first ?JW

[hari] 31/5/2022 06:29

I know I mentioned awhile ago but still I am baffled with the debt figures ,
It means no debt has been paid down in 10 months . Anyone wish to clarify the two RNS below , identical

April 2022 this year
Summary of Current Financial Position
At the current time, excluding the new CITIC loan outlined above, loans drawn down by the Company amount to c. USD$319 million, this includes US$99.55m of banking facilities (unaudited).

Last year June 2021
Summary of Current Financial Position
At the current time, loans drawn down by the Company amount to c. USD$319.5 million, this includes US$99.55m of banking facilities (unaudited).

[bazboa] 30/5/2022 14:48

Nice bit of interest today, hopefully it continues

[eke] 17/5/2022 15:18

In todays Mail. Not good publicity for Taj being seen next to this MADMAN !!

[mattjos] 15/5/2022 18:28

With GBPUSD now down to 1.23:1 and share price at 5.725p, Mkt Cap is now down to $27m … circa 77% of Annual Gross Profit.

[mattjos] 25/4/2022 14:06

online bid is actually a little stronger for size

[hari] 22/4/2022 11:09

Anyone know what these recent trades at 6p are ?

[wanobi] 20/4/2022 18:01

come on CNG,,, you've flatlined!!! grrr!!! GLA LTH's Cheers Wan :-)

[rawroast] 20/4/2022 11:48

Related news...

[ironstorm] 12/4/2022 17:01

I’d quite like them to they’ll us that. Might help.

[mattjos] 12/4/2022 15:38

how high will Gold have to go before we see some renewed buying interest in the company?
Doing wonders for Revs & C/F these prices.

[mattjos] 12/4/2022 12:51

Golf powering higher

[mattjos] 11/4/2022 08:48

The $1,920 Sept 2011 highs now acting as support for the price of Gold.
Very Bullish chart setup for Gold:

[mattjos] 08/4/2022 15:28

cracking Gold price action & looks to have broken out today from the recent consolidation pattern

[hari] 06/4/2022 11:35

Mattjos,

That makes sense, I guess we are not sure of when scheduled payments are actually made

[mattjos] 06/4/2022 11:23

Hari, they are not scheduled to pay down debt on a willy-nilly basis .. it's scheduled payments.
What we still do not know is the Net Debt position.

We know what the Gross Debt figure is but, we don't yet know the Net Debt position is, according to the offsetting Cash & Receivables figures + the value of metals in circuit.

[hari] 06/4/2022 11:19

we are 2-3 months in now, so why is debt still reported at $319m, I would have expected this to be sub$300m now

[mattjos] 06/4/2022 11:15

good that the interest rate is 0.25% less and is over trailing 6-month LIBOR rather than floating LIBOR.
Every penny counts!

This should be all the necessary re-scheduling of Debts now completed, as far as I can tell so, next news should be about either Operational performance and/or financial performance.

Stage is now well set so, let's see what Pakrut can deliver going forward from here