China Nonferrous Gold Share Discussion Threads

[zen12] 02/7/2018 14:01

Baffling market reaction though, last time they were fully producing gold INGOTS was back in Jan 16 (over 2 years), hugh effortand finance from large shareholder to get the mine fully operational again. This warrants a hugh re-rate. Can see directors buying in and other investors as this has been significantly de-risked.

[novicetrade68] 02/7/2018 13:46

I think it is great news Zen12, hopefully back to 12p soon for starters, given that a lot of miners are weak today there is hopefully some more time to add here.

[zen12] 02/7/2018 12:55

If he’s out, this will shoot up no doubt. Been depressing This share price for many many months now.

[zen12] 02/7/2018 12:44

2ook buy and only 55k sell see NEX also. MMs playing depressed SP, superb news today??

[eke] 02/7/2018 11:22

The first good news at long last!Lets see how quickly this can recover.Don't think we will see the 20k seller any more.

[novicetrade68] 28/6/2018 16:37

Forgot the bid got hit so of course this went down to mid price after the close of the bell.

[novicetrade68] 28/6/2018 13:14

Pretty sure this is the bottom, not sure why mr. 20k seller keeps persisting.

So end of July production to recommence, also targeting around 42k oz for next year and hoping to double again by 2021.

The stand-out bits for me are also:

- The Directors have received a letter of support from a substantial shareholder, China Nonferrous Metal Mining Group (CNMC) Co., Ltd, to provide the funding and support required to bring the mine into production. This in turn enables the group to make loan repayments and raise new loans.

And since CNMIM is a state company, the One Belt and Road initiative applies too as per the report;

- The company has long been dedicated to becoming a significant gold producer in Central Asia and participating in the "Belt and Road Initiative" with the substantial support and advantages of major shareholders. The company has also established a good relationship with the government of Tajikistan and other Central Asian countries and is well positioned potentially to gain more gold resources and gold mines so as to create greater benefits for our shareholders in the future.

[eke] 28/6/2018 11:49

Well, the report just about covers everything.Are we looking at the bottom with regard to the share price ?Another six month before full production I think not!Lets hope there are no "National Disasters" this winter as the word" Doomed" comes to mind.

[charles clore] 22/6/2018 16:05

I had a few on Wednesday as it seems an absolute bargain at this price. It hasnt moved up or down since so that could be a bottom signal. I am willing to take a gamble on this for a fifth of the price it was a year ago. Rude not to as EK would say!

[eke] 22/6/2018 15:12

Im trying to pluck up the courage to top up.Its boarder- line gamble/long term Investment right now.If it stays at its present level for a few weeks I think the balance will be in favour of an upward move.

[novicetrade68] 22/6/2018 09:33

It would certainly be nice to see this go up for a change ;-)

[charles clore] 21/6/2018 22:56

It seems the seller had a day off today... or could they be finished perhaps?

[charles clore] 20/6/2018 14:40

New bottom being discovered hey!

[charles clore] 18/6/2018 17:09

Looks like bottom feeders are starting to move in

[novicetrade68] 18/6/2018 12:07

Mid price is unchanged at the moment, so it's not really down.

[charles clore] 18/6/2018 11:19

Jeez how lw can this go? Soon it may be worth buying 100k for a reversal trade.

[novicetrade68] 17/6/2018 11:13

Glencore didn't get suspended after the SFO decided to start an investigation, this happened quite recently. Maybe this will actually bounce this week, seems very oversold now and another possibility could be that the share got caught up with the wider malaise around miners last week, biggies like ACA, FRES, CEY, RRS, HOC all had woeful performances.

[eke] 17/6/2018 02:20

Did they break AIM rules.. the City seems to think so.Suspension could be next pending an investigation.Last weeks press release indicates business as usual, so they are under the impression that they are "squeaky clean".Time will tell.

[charles clore] 16/6/2018 20:00

Timberrrrr!

[novicetrade68] 15/6/2018 17:38

I think it's a very interesting story eke, thank you for posting. The issue of the performance fee could be the reason this has been hammered, although the fee in itself seem par for the course in the developing world. All AIM mining companies in Africa would require fixers as well to get things done.

[eke] 15/6/2018 17:24

Any other thoughts after reading my Link to "moneybymarriage" The story of Kryso and CNG so far ?

[eke] 14/6/2018 18:40

https://www.occrp.org/en/moneybymarriage/lust-for-goldA good read and may be related to the share price drop.

[charles clore] 12/6/2018 17:28

eke - that would be a bit sneaky wouldn't it? And you could also say it would be negligent of CNG to allow it to happen. Someone is selling, that's for sure but it's up to the market how much further it goes. If that see a bargain price, they will buy

[eke] 12/6/2018 16:46

CNMIM are going to steal this company for 5p a share.