China Nonferrous Gold Share Discussion Threads

[mattjos] 16/11/2018 11:36

Has gone straight to auction and looks like it will UT at 5p. no more stock currently available under 5p

[mattjos] 16/11/2018 11:35

took a very small opening position today.
Been watching for a couple of years now.
Still very risky for obvious reasons but, they look to be finally back on track &, from my point of view, the price did not fall below the previous low so looks like a long term double bottom to me.

[waterloo01] 16/11/2018 11:23

Anyone with a simple bull / bear case?

[eke] 16/11/2018 11:22

Here we go!Breaks are off...NO more Avalanches please.

[waterloo01] 16/11/2018 11:13

This looks interesting. New to the company but on a quick look at accounts, it looks well valued. Bought a few. Need to better understand risks v reward

[c9ajl] 16/11/2018 10:58

China Nonferrous Gold Limited ?????????? (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following operational update.As previously announced, the finalisation of all infrastructure projects of the Pakrut gold mine is expected to be completed during the fourth quarter of 2018.As per this announcement, the company is happy to announce that CNG has succeeded in finalizing the combined/linked commissioning of the filling system and tailings transportation at the Pakrut gold mine, which marks that the company has already achieved a production scale of 2000 tons per day.

[eke] 01/11/2018 17:09

Somebody bought a few today.A sign maybe....?We're into the 4th qtr so close to the company being fully operational as per their last report.Need to watch this more closely now that the Gold price is moving up.

[charles clore] 31/10/2018 14:31

...drip...drip...

[novicetrade68] 30/9/2018 14:42

Equally hopeful here we'll be seeing a recovery. The total debt seems somewhat unchanged to me, ie the total has gone up, yet they also have $66m in the bank.

It was encouraging to read that through CNMIM there seems a commitment in Tajikistan, they even consider to expand there plus they seem to be bearing shareholders' interests in mind too, or at least the word shareholder was mentioned frequently.

And then production has started too, but if I understood correctly they really need this smelting plant fully operational, targeted for Q4, but I suppose they can stockpile in the meantime. Fingers crossed, from past performance this is also a share that could go up 50% in less than 60 minutes.

[eke] 29/9/2018 13:10

Well I've read through the results and cant see any reason why this share price isn't starting a small recovery.The mine is producing gold and therefore money.Depts are coming down slowly and the Gold price looks on the rise.Unless I'm missing something,this is looking like a good recovery play for the "Long-termers".

[eke] 25/9/2018 16:35

They want a Hong Kong listing.They tried and failed a few years ago if I remember correctly.So any "Tom Foolary" will have to wait for a few more years...In the mean time they may end up being a target for a larger miner if we have some consolidation in the Industry.Who really knows ....??

[rockybalboa] 25/9/2018 09:32

I've been saying all along - in my personal opinion, it looked like the CNMIM was stripping out all the value - siphoning any profitability to their other subsidiaries "contracted" with CNG.

Even if they start pouring gold regularluy, a CNMIM subsidiary will be paid to process it, taking the lion's share of profits.

Minority shareholders won't see a penny.

Again - IMO!

[icejelly] 10/8/2018 22:43

Is this company still trading? Haven't seen any shares change hands recently. Is it a 'front' for something else?

[hounddog10] 06/7/2018 13:29

Thanks rogue trader. I made it $52m as well. Forecast assumptions can be found on page 36 of the accounts as they are used for impairment purposes. They come from the BFS and should have been updated if needed. Cost per ounce is $500, assumed gold price $1,300. Tax and royalties 20% of sales.

I am unclear if cost per ounce in a BFS includes interest costs. I would guess not. They have about $400m of debt now at c6% interest. I would have thought that is a generous rate and likely to go up on refinancing.

The insurance claim I have now found and is less than $4m.

[charles clore] 06/7/2018 13:27

I think the knife has fallen as far as it will go. Could be wrong but I have started buying.

[roguetreader] 06/7/2018 13:14

eke, unless they become a lot more transparent with their forecast production numbers, cash costs and AISC that will be difficult. I'm waiting to the EOY to see how they perform with 'Actuals' for 2018; if I miss a big upside before then so be it. No more falling knives for me.

[eke] 06/7/2018 02:20

That equates to 13.6c a share with 382.4M shares in issue.Need to find out what their production costs are per oz now to get a better picture.

[roguetreader] 05/7/2018 17:53

HD10, I make 1.3M Tonne = 41,796 Oz @ $1250 = $52.2M (approx.)

[novicetrade68] 03/7/2018 13:19

For CNMIM it would be very useful to maintain a public listing when dealing with an archaic regime like the one in Tajikistan so they cannot be seen as trying to steal Tajik gold?

[hounddog10] 03/7/2018 11:26

The accounts say that they are aiming for 1.3m tons of gold production in 2019, doubling by 2021. I reckon 2019 is c$50m at today’s gold price. Is my maths right?

I could not see any mention of the insurance claim in the accounts but I assume it is substantial.

Th emajor risk here seems to me they will take it off the market now it is in production. Not sure what the benefit of it being on AiM is.

[charles clore] 03/7/2018 01:25

The market thinks they can not only survive but prosper. This will be back up again in a jiffy imho.

[zen12] 02/7/2018 14:29

Able to survive over the last 2 and half years with non operational gold mine and hugh repair work, so why would can’t they survive all of sudden! Large shareholders has backed through these times and only recently in March 18 handed a loan of over $30M.

[zen12] 02/7/2018 14:23

Agree time to get in is now, share price all time
Low. Last weeks rns also confirms insurance cash due in soon. All systems go here..

[ukgeorge] 02/7/2018 14:20

can the company survive with the massive debts? Even if they are producing

[novicetrade68] 02/7/2018 14:14

I agree completely, yet something so often happens on AIM is that investors rather seem to pay 10p when the share actually moves as opposed to pay 8p whilst it is still quiet.