China Nonferrous Gold Share Discussion Threads

[mattjos] 06/5/2020 10:55

12.5 v 14.75 for 50k either way

[mattjos] 05/5/2020 17:03

another day at $1,700/oz & few more picked up on the bell and in the auction at 14.2p paid

[jeanesy] 05/5/2020 13:41

Has anyone looked at a company called PXC . It looks an interesting copper/gold/silver play in Idaho. Like the shares here it can move pretty quickly up or down on seemingly small volume.

[jeanesy] 05/5/2020 13:25

cant sell more than 10,000 shares though Matt ! very odd

[mattjos] 05/5/2020 13:04

Interesting .. looks like the seller is now getting paid 14p

[mattjos] 04/5/2020 21:38

Anyway, while we wait for the price to reach a point where some volume arrives (be that up or down), we bank yet another day with Gold over $1,700/oz

[mattjos] 04/5/2020 21:34

Folk are here & waiting for a pullback, imo. I'm not convinced there will be one of much note.The Bid firmed during the day but, nothing was freed up & when the Offer finally lowered right into the bell, it was hit for 10k. There was insufficient time for that to have been a Limit Buy being triggered, imo ... that means there are folk watching it like hawks to detect a softening of the Buy price.am interested to see what happens next time the Bid reaches 14p .. as I suspect are several others

[walter walcarpets] 04/5/2020 21:25

Still here, waiting patiently :-)

[mattjos] 04/5/2020 20:52

Skinny trading but, if you watch the order book, I am definitely not alone jeanesy

[jeanesy] 04/5/2020 19:34

All very quiet here Matt . Seems like you are on your own ?

[mattjos] 29/4/2020 21:40

Another day with $1,700 / oz. Gold not happy to drop below $1,700. Quite happy to see it build up strength from here for the next big leg up

[mattjos] 29/4/2020 16:39

inching up a little further today but, still no sellers about

[mattjos] 29/4/2020 15:09

we've had a few glimpses of what happens with even small levels of interest. The recent rise has hardly flushed out any sellers as yet. I can't see there being many at all until this is back over 20p

[bazboa] 29/4/2020 14:29

Nice to see more buys coming in. Dread to think what would happen if there was some interest in this company :)

[mattjos] 29/4/2020 08:17

We're well past the snow/avalanche season now and temperatures on the rise at Pakrut. That also good for speed of reaction in the processing plant.Another day at $1,700 / oz

[sparkey_two] 27/4/2020 18:59

I used to hold these when they were KYS but built up 150k shares at an average of under 10p all wrapped in an ISA. Need a new car in two years time, have promised myself a Tesla model Y if these do what we hope at that time. Hoping between these AAZ and CEY I can largely forget about money and live a happy life.

[mattjos] 27/4/2020 17:10

2012 - 2018, CNG shares traded between 20p and 40p .. mainly at/around 30p.

For most of 2016, CNG shares traded around the 30p level just as they started ramping production towards that 2,000t/day Phase I target for the first time.

Then the avalanche struck in Feb 17 and shares started their 30 month decline all the way back down to 3p.

Pakrut was rebuilt & re-started and achieved the 2,000t/day Processing target in Nov 2018.
The company then spent 2/3 of 2019 optimising that processing plant & is now consistently processing 2,000t/day and annualised circa 50koz Gold per year.

From 2017 - mid 2019, Gold averaged circa $1,300/oz but, just before they completed the optimisation of the processing plant, Gold really started to move up and has averaged well over $1,550 in that timescale & is now over $1,700.

Consistently for 7 years between 2012 & 2018, the market valued CNG stock at circa 30p / share. Before it was productive.

Now that Pakrut is demonstrably productive & gold is far above the prices ever even dreamed about in the BFS, the market presently values CNG shares at 14p or, just half the price pre-mine construction.

I believe the shares are worth at least three times current price

[mattjos] 27/4/2020 16:19

there really was not many bought at the 7p lows … assuming those who did pick them up at 7p do the normal AIM trading actions of selling some or all on a 100% gain, it should not be too long before those are picked up by fresh hands and then the price will have to go nearer to 17-18p before more stock is liberated into the market

[hari] 27/4/2020 16:08

MattjosThanks for you input and sharing of knowledge as always , been educational. Always learning You know know I have reservations with size of the debt .. but only short term and not over the longer term This is why I decided to invest in SHG, just to spread the risk in averaging my potential returns Sit back for next 12 months and hopefully watch my money grow :-)

[mattjos] 27/4/2020 15:57

glad you have arrived at same conclusion as a few others here, kingyon1

[kingyon1] 27/4/2020 15:53

Matt, read through your excellent thread at the weekend, phase 2 here looks compelling.

[mattjos] 27/4/2020 15:51

thanks for declaring kingyon1 & welcome aboard .. both trades showing on the L2 at 15:31 and 15:41

[mattjos] 27/4/2020 15:48

finally!! the market has found a small seller at 14p.
Maybe the buyer who took on about 70k at 7p is going to sell off 50% of his holding for a free-carry?

[kingyon1] 27/4/2020 15:46

I've bought 30043 and 36194 today, not showing yet.

[hari] 27/4/2020 15:36

Not me I invested equally here and Shanta Gold (SHG)Both around same buy prices Both moving up today :-)