China Nonferrous Gold Share Discussion Threads

[mattjos] 22/12/2022 15:21

some of my most profitable ever investments, I started out buying my initial tranches in the first year of long term ownership when spread was 20-25%.
I think your handle reveals your style of market participation

[trader465] 22/12/2022 12:54

Nobody will buy a stock with a 20% spread.

As soon as you buy you have made a 20% loss.

[mattjos] 22/12/2022 12:40

19,358 + 19,358 + 11,284 bought at 2.8p on the Bid & now Offered at 3.2p

£11m Mkt Cap is dirt cheap.

Must be the most leveraged gold miner on the London markets but, of course, that leverage will amplify movements in both directions.

[wanobi] 21/12/2022 21:18

fair enough Hari, did not mean to offend,,, post removed,,, Cheers Wan :-)

[hari] 21/12/2022 20:35

Wan,

I know you are not as naive as you like to come across.
No need t defend MM1, after all I was talking to him and I am sure he is grown up to reply himself if he chooses to

[hari] 21/12/2022 19:42

MM1,

“Can’t say too much more but I came away from the AGM a lot happier”

Hmmm , not sure why you cannot say too much more after all it was a shareholder’s meeting.
Also like to know what was said to make you feel alot happier

[wanobi] 21/12/2022 17:58

good to hear mm1, many thanx for your feedback, much appreciated,,, Cheers Wan :-)

[mrmark1] 21/12/2022 17:47

Yes on track as advised.Made my points on communications and their website and looking to improve into the NewYear.Can't say too much more but I came away from the AGM a lot happier than when I went in. I can also say I will be adding if larger amounts come onto the market.

[wanobi] 21/12/2022 17:01

thanx mm1, your last sentence

"I’m invested here and do not mind paying 5p or 10p and not worried about 2-3p! When things develop and turn around and we produce what they suggest and more and when the gold price starts to rise."

is why many of us are here too.... :-)

did anything at the AGM suggest they'd produce what they suggest?

thanx
Cheers
Wan :-)

[mrmark1] 21/12/2022 16:54

Comments, such as? And what is wrong with 10-20%? I wouldn't on CNG as 1,000 shares takes it up 6%....says everything I needed to say and the point I was making!If I make a comment elsewhere or here it is not to promote to increase the price 10% and sell. I believe in what I say and I do not or nor does anyone writing on these boards have the power alone to move the needle.If I want 10-20% and in a bad market I don't see the problem in trading and investing, you would choose more liquid and bigger story like HARL and Zephyr and not an illiquid gold producer.I'm invested here and do not mind paying 5p or 10p and not worried about 2-3p! When things develop and turn around and we produce what they suggest and more and when the gold price starts to rise

[wanobi] 21/12/2022 16:34

yes, echo that Mj,, anyone who did attend,,, firstly well done & secondly, any useful information would be gratefully received here I'm sure and a big thanx from all of us for doing so!! for starters,,, did they answer any of your questions mm1, thanx ?

Cheers
Wan :-)

[hari] 21/12/2022 16:11

Rightly or wrongly of course

[hari] 21/12/2022 16:09

MM1

Let’s just say I have ras some of the things you have written on other boards, so I made my judgement
Not seen you post here either before

So as you attended ?
Can you share what was said at the AGM which may interest shareholders ?

[mattjos] 21/12/2022 15:44

Interested to hear what went on at the AGM. I contacted the Nomad to make sure it was still going ahead as planned and make sure that if I attended, the BOD would take questions from shareholders.
Never received a reply from the Nomad and so decided not to make the 350 mile round trip but, would be very interested to hear from anyone that did attend.

[mrmark1] 21/12/2022 15:28

What do you know about my 10-20% 'trades'? I went to the AGM and I've been invested for a very long time. Don't judge or pretend to know me. All I'm saying is the price drops on very small value and volume and bounces just the same. If I were to buy £10-20k in this company then what would the price be?

[hari] 21/12/2022 10:59

Maybe just bottom fishing

[hari] 21/12/2022 10:59

MM1

Maybe you have only bought in recently , but you need read the RNS’.
Balance sheet no in great place which was out of COs control . But it needs to double production and have higher gold to be worthy of investing again

You seem to like to make 10-20 % and sell out quickly ,So you are a trader not investor it seems

[bo doodak] 21/12/2022 10:39

drip drip drip 2.8p to buy now

[mrmark1] 20/12/2022 20:12

I'm sorry Eke I disagree. Just an opinion but Gold just needs to continue to rise and someone or a group of investors see CNF producing and increasing production and with such a small free float you don't need gold to be 2k....you just need momentum...remember this company dosent issue paper and won't issue paper (stock) at these levels when not so long ago the share price was 10-15p

[mrmark1] 20/12/2022 20:09

CNF is a brilliant hedge on Gold. If you believe Gold will rise as a result of the wider economic environment then buying CNF at 3-5p is an amazing opportunity imo. Once Gold rises you'll not have the opportunity at these levels...such a small free float because of the major shareholders and state owned company that can't trade and have deep pockets

[mrmark1] 20/12/2022 19:54

So 400,000 tons between July-December

[mrmark1] 20/12/2022 19:52

From January to June 2022, a total of 302,590 tons of ore was extracted from the Pakrut gold mineThe Company remains confident in its ability to achieve the internal production target of 700,000 tons of ore set at the beginning of this year. This is considered an achievable target.

[mrmark1] 20/12/2022 19:52

Why did no one attend the AGM this week?

[eke] 20/12/2022 17:03

I'm back to square one. Gold needs to surpass 2k for this to start moving up again.Remaining hopeful.