China Nonferrous Gold Share Discussion Threads

[diablo26261] 31/3/2017 14:54

Send us all the photo's once you find the mine !!

Really thought after the first gold pour the shares would kick on - been invested for so many years still well ahead but feels like we are not getting the true value of the mine being in production.

[eke] 31/3/2017 11:33

98.2k I'm a long- termer
Time and patience is the key to these little gems.
Will send an email to the nearest hotel to see if they have any reservations.Lol.

[satoshinakamoto] 31/3/2017 10:34

eke - not silly if you have tens of thousands invested here, depends how many shares you have.

[eke] 30/3/2017 22:42

I think your last point had some merit.
We need to find one of their 1200 workers
Who is willing to provide the real story .
I'm almost tempted to make the trip as a tourist to see for myself...but that would be silly!

[diablo26261] 30/3/2017 07:28

When I saw that announcement I thought what next ?

Probably still digging the snow out, the road they built has been made impassable due to damage, cannot hire a helicopter to get in, power not restored etc.....

Cannot make it up with this share - glad I sold a few when I last posted and cannot believe the share price has held up so well.

Could run a guess the next RNS thread and let the imagination run free - can we believe what little information is provided anyway ?

As I recall the last accounts were qualified by the auditors due to question marks over whether there was a time limit on the mining licence or extraction limit (probably wrong term) over the duration - a major potential issue to the valuation.

Have I missed an update on that ?

Or is this all a tactic to gradually shake out the few remaining PI's ?

[eke] 29/3/2017 18:57

It's been a month since we were advised of the Avalanch - why no update from the company?
I'm not the only one thinking that surely!

[mark of the rushes] 28/2/2017 14:26

Nice to hear of insurance as well.

[c9ajl] 28/2/2017 11:59

Nice to hear confirmation of gold production despite it being interrupted. So little news gets published

[eke] 28/2/2017 11:21

Damn!
Another delay....
At least the gold price
Isn't like an avalanche
Right now.....

[mark of the rushes] 27/2/2017 14:11

It's about time we had some.

[eke] 24/2/2017 15:00

Movement above 29p; could news be forthcoming ?

[novicetrade68] 29/1/2017 22:14

That's what confuses me as well, you would expect they'd produced a few ounces by now.

[icejelly] 29/1/2017 21:38

let alone a gramme

[legg96] 29/1/2017 18:34

No chance of a HK listing. Last time they grossly mislead the Exchange by claiming that they were about to commence production and we still don`t know whether they have mined an oz.

[eke] 20/1/2017 11:31

Diablo
I feel the same way but I believe this will come good one day and is worth the wait.
Their secret agenda is working towards the Hong Kong listing in a few years time so don't expect too much info from them.
With 1200 employees and millions invested this is not a small company and could be on the radar of a potential preditor so they have to be careful.
All in my humbol of course.

[diablo26261] 20/1/2017 11:17

I think after holding here for many years the complete lack of updates and visibility is pushing me to cave in and sell at what seems to be a fraction of the real value. Still a good profit but well down on the peak.

[harry vederci] 29/12/2016 13:03

exactly a year since the first gold pour.

fair entry level while its quieter than its normally quiet

[rockybalboa] 13/12/2016 09:18

I honestly think this still has something to do with the HK listing. My guess is that the insiders aim to make money on the HK listing where all good news will suddenly become available. Those insiders will make their money through share options granted at the deliberately depressed current share price, and those options being in the form of "listing success fees" or something to that effect.

In the meanwhile CNMIM will provide financing.

[shezza1] 07/12/2016 14:12

Got a quick question for any gold processing experts. The interims say we have 1,777 tonnes of gold concentrate produced and 150,000 tonnes of ore stockpiled at the end of August.

What is gold concentrate and how much g/t can you expect from concentrate. Also, the 150,000 stockpile at an average of 2.66 g/t equates to 11,000 oz's, over $12M at $1100 an oz. Do we have the equipment in place to process this?

We were also churning out 1700 tonnes per day, at an average of 2.66 g/t thats 145 oz's a day, $160,000 a day, over $55M a year. At a cost of $600 per oz, approx $32M a year, thats 23M profit at the current rate of production.

It would be nice to hear how much we are processing each month and the actual g/t we were getting but this information doesn't seem to be published.

[abacus23] 07/12/2016 12:55

Charles Chore, That's what I was expecting.

What do you think the offer will be? Around the 28p, seems awful after all this wait, been here since 2009.

On another note, Who do you prefer over CNG?

[abacus23] 07/12/2016 12:55

Charles Chore, That's what I was expecting.

What do you think the offer will be? Around the 28p, seems awful after all this wait, been here since 2009.

On another note, Who do you prefer over CNG?

[harry vederci] 07/12/2016 12:44

should be a well funded fully operational producer in 2017 but theyre not in the least communicative

I'm looking to buy back in January depending on any update

[charles clore] 07/12/2016 12:38

I'm out but still keep an eye on this purely out of interest. I wonder if much market interest, if any, still remains as there are no production or mine development updates any more. Almost seems as if the owners are moving towards taking the company private.

[abacus23] 07/12/2016 12:00

I realise you have to be, in it, to win it, but this is taking the preverbial.

We have been stuck between 20-40p all year.

I would have thought we would have increased due to production, are we supposed to sell becasue we are bored?

Like eke, i was expecting around the £1 figure, i'm now not so sure. :(

Since Craig Brown left, we seem to be a different company.

Is there anybody else still here?

[eke] 17/11/2016 18:08

In CEY as well.This should start producing numbers any week now based on their last statement.I have been here since 17p which is a long time ago...