China Nonferrous Gold Share Discussion Threads

[mattjos] 03/6/2020 12:10

13.1 v 13.9 for 25k either way so, as you say jeanesy, the spread is very tight as compared to other days

[jeanesy] 03/6/2020 12:06

Bid is now 13.1 offer 14 so pretty tight spread again

[jeanesy] 03/6/2020 10:53

another 100k trade made at 13.1... more likely to be a buy I think, so well done again if it was

[mattjos] 02/6/2020 21:19

Break 15 & we're off to the races

[jeanesy] 02/6/2020 16:24

Results another day closer now too

[mattjos] 02/6/2020 14:33

Gold looks to be winding itself up for another crack at $1,750 this week

[mattjos] 02/6/2020 13:05

100k buy at 13.944, late reported by two hours

[mattjos] 02/6/2020 10:33

12.5 v 13.4 for 50k either way

[mattjos] 02/6/2020 10:29

Gradually running out of cheap stock now

[mattjos] 02/6/2020 08:49

That didn't last long !

[mattjos] 02/6/2020 08:48

Spread is quite tight today

[mattjos] 31/5/2020 09:50

"In fact, a simple correlation between the flood in the global money supply and the price of gold suggests the yellow metal has about $1000 of upside."https://www.zerohedge.com/commodities/largest-ever-physical-transfer-gold

[mattjos] 30/5/2020 21:17

The debt scares people off, i know but, as the satellite images show the Pakrut mine is very, very significant undertaking & as per the Kryso promotional video & as per the BFS, it is now delivering to plan ... at Gold prices way, way above forecast/anticipated.What i am trying to show in my figures is that this enterprise is more than capable of supporting the debt & will, soon be able to start working down that debt figure.It's hugely leveraged to the price of Gold & the Gold price is amplifying that leverage.I maintain that even with the current debt & the 'Chinese' ownership tag, this is simply valued much too cheaply .. the market will not ignore this for ever. No idea when or what will exactly cause the fickle nature of the market to about-face on this but, as/when it occurs, I expect a very rapid mkt cap uplift to take place based, in part, on the small free-float at these prices .... there just are not many sellers left below 30p, imo & for good reason.

[jeanesy] 30/5/2020 19:42

News is one week closer. I think the NOMAD needs to be paying you a salary Matt :)

[mattjos] 30/5/2020 14:03

If we assume that Gold averages $1,700 for H2 this year, that would result in FY Revs in the region of $80m

Current Mkt Cap is $60m so, trading at just 75% of FY Revs.

Much too cheap for a productive Gold Miner, afaic.
Particularly one this is well on the path to doubling its output from 50koz to 100koz during a gold bull market.

The market will have to wake up to the facts soon & move this to at least 1.5 - 2.0 * Revs (25 - 35p / share)

[mattjos] 30/5/2020 13:51

well said eke … this bottomed out between May 23rd & June 5th in 2019, with 2.6p the absolute low price on the 23rd May & then 2.65p on June 5th.

God price was also bottoming at same time. It was $1,275 on the 23rd May & $1,325 on June 5th.

So, Gold price has risen 35% over the last 12 months & in same timeframe, CNG has risen 460%
That does suggest significant leverage to the price of Gold.

It was the September - December 2019 period when Pakrut hit its stride with Processing capacity achieving 2,000t / day and average daily Gold production achieving 136oz / day (50,000oz Annualised).

Running that forward to end May, the mine is likely to have achieved 151 days * 136oz = 20,500oz YTD.
Assume $1,600 ave gold price = $32.8m Revs for Jan - May .. circa $6.56m / month.

Remember that total Revs for Jan - Jun 2019 were $20.8m

Total Revs for Jan - Jun this year look like coming in at 6 * $6.56m = $39.36m

That is 89% YonY increase

[eke] 30/5/2020 12:25

Fag-Packet maths ....this time last year we were at 2.75p. Now at 12.65p an increase of 460%. Should that repeat itself we will see 58.2p by June 2021...now that would be nice!

[eke] 29/5/2020 18:15

I'd love to know how much Silver is being mined in addition to the gold... Maybe we'll find out with the results! I think the office in London looks a little heavy on the staff levels....

[mattjos] 29/5/2020 16:07

We even know who built the crushers and pictures here:

[mattjos] 29/5/2020 15:35

If you have not already, suggest folk watch this video detailing how the Pakrut mine was planned & envisaged & then compare to the recent photos and satellite images I have put up.



The mine has been built exactly to the plan & the satellite images show that.

The BFS even detailed exact models of machines to be purchased, including underground drill rigs … photos on the company website show the exact matching Atlas Copco drill rig in operation.

Pakrut has been constructed exactly to plan & is now delivering according to that plan …. but, doing so with the primary financial driver of the business model (price of Gold) now far, far higher than ever conceived.

This whole business is highly leveraged to that single financial metric

[wanobi] 29/5/2020 12:33

blinking hope so Mj LOL :-) Cheers Wan :-)

[mattjos] 29/5/2020 11:48

With Gold averaging $1,600+ YTD, there should be some very healthy cash coming in to the company now

[jeanesy] 27/5/2020 19:21

Not sure WAN . The trend so far this month has been steadily down which is unlike most other miners with POG over 1700. The results will need to be good and show progress for other investors to take notice here imo.

[wanobi] 27/5/2020 16:44

when in June are we expecting news,,, approx :-) many thanx, cheers Wan :-)

[icejelly] 26/5/2020 22:09

It should be a good story for CNG. But the Chinese connection puts me off. I did very well here years ago but wouldn't touch it now. I look in very occasionally to see if there has been progress. There should be with the current price of gold. Just my view as an outsider. Does the 'big man' have anything to say? Is he still around?