China Nonferrous Gold Share Discussion Threads

[mattjos] 04/6/2020 19:11

Compare Mkt Cap of CNG to some of these listed explorers .... how can SOLG justify a mkt cap more than 10x greater than CNG? It's absurd.Will be years & years before SOLG get into production ... Gold could be back to $1,000 by the time they produce anything & dread to think how many shares they will have then + the small matter of $Bn's of CAPEX to be spent between now and then.The herd seems to go totally crazy on the potential of explorers that are years & years away from production and almost ignore producers like CNG & AAZ.However, I guess the companies in question need to be very actively promoting their plans so they can keep the equity issuance tap full-on.

[fozzie] 04/6/2020 15:52

14.7 paid

Nice to see it blue, it has been a long wait.

[mattjos] 04/6/2020 15:49

middle of March they could be had for 8p …. 10 weeks later and you'll have to pay double that now .. the rate of rise has not been 'fast enough' for the AIM trader brigade as it has just quietly inched ever upwards

[jeanesy] 04/6/2020 15:47

Bid up to 14p now

[jeanesy] 04/6/2020 15:45

Seems to be a flurry of posts on here today. Perhaps some people are starting to listen to you Matt :)

[mattjos] 04/6/2020 15:42

feel free wanobi.
i simply believe this is start of Wave 3 & Wave 3 is always the longest and strongest so, comfortable that we will see this go past 22p and on upwards .. thereafter 22p will become the new floor in the price

[wanobi] 04/6/2020 15:33

some amateur charts from me Mj, happy to take them down if you'd rather not have them on your thread :-) Cheers Wan :-),,, all seems obviously good to me,,, chart-wise :-)


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[mattjos] 04/6/2020 15:32

Anthony Schindler was with Evo Securities years ago (if memory serves me correct).
He is fluent in Mandarin & he was he front man for West China Cement IR when mapped out is path from AIM to HKEX.

I believe that success bought him to the attention of CNMIM & thy asked him to do same as they prepared to go to HKEX. In the end HK rejected the application for a few reasons and the wind went out of the stock (you can read the old RNS explaining why HKEX rejected them - one of the reasons was all the Directors had to have served a minimum term on the Board).
Anyway, then we had the avalanche and that buried all the hopes for a year.
But, the company did tidy up its Board & it has remained stable ever since so, they wont fail on that again.
If HK is still their preferred listing choice (& it clearly makes sense), the company needs to exhibit stable BOD & profitability.

I am pretty sure (but cannot back that up) that the HK switch is still the long term intent here & that the IR & PR will start to crank up about 12-18 months beforehand. In the meantime, the company will need to ensure it keeps a clean slate on AIM.

[mattjos] 04/6/2020 15:20

Yes, I think Craig did a brilliant job in proving up the old Russian data to modern JORC standard on a pretty tight budget & the more they drilled, the more they found. The JORC just kept getting bigger and bigger & then, when Anthony Schindler was involved as the front man for the move to HK, the city was awash with whispers that there was a whole heap more gold there than was being ad mitted at this stge.
CNMIM actually took it over before they even needed to do any serious drilling on the two blocks (which both indicate there is a helluva lot more Gold on their doorstep) as there was enough gold at Pakrut in itself to convince CNMIM to take it on … LOM is never going to be an issue here

[bumpa33] 04/6/2020 14:52

Thanks for the background Matt, didn’t realize Craig Brown was once there. Firmly on watch.

[mattjos] 04/6/2020 14:39

I've tracked this for many many years .... long before CNMIM turned up when Craig Brown was kind of poking about using the old Russian data & proving it up to modern standards.Then CNMIM eased their way in and then took it over ... had to really as Craig was never going to get the necessary funding.Then we had all the excitement of starting to develop the mine & then the proposed switch to a HK listing. That was blocked for lack of profitable trading data & a few other minor rules.Then to cap that the avalanche buried the site and put everything back another 6 months.But, CNMIM have stuck with their 'infant' & nursed it back to health & now its walking on its own. Such a long & torturous route to get here that little wonder the vast majority took it off watch years and years ago.But, no one can deny the progress made & you cant fiddle Google satellite images .. Pakrut has been built exactly to plan & is productive.I've just tried to post honestly and show from the figures they have released that we're now at 50koz / year & accelerating on to 75koz and then 100koz. The assumptions in the BFS you can plainly read on the website. Follow link at thread header

[bumpa33] 04/6/2020 14:31

you must have some strangely persuasive and/or mystic powers Mj as I keep looking at this bloody thing....! It looks poised, needs a catalyst though.

[wanobi] 04/6/2020 14:24

well Mj, I think you've done your utmost to educate people with your thread header, kindly sharing your numbers & analysis,,, it certainly got my attention :-) many thanx, once again :-) ,,, Cheers Wan :-)

[wanobi] 04/6/2020 14:21

many thanx Mj,,, that insight is most appreciated, cheers Wan :-)

[mattjos] 04/6/2020 14:17

Yes wan ... AAZ drifted along at 5p for a while and only a few of interested ... everyone else gave it a wide berth. The crowd joined in as it sailed on past 20 + then 30p as they finally realised the company was going to be able to pay back and reduce its debts.The thing about CNG is we do have a crystal clear road map & the necessary finances in place to achieve 100koz production ... at $1,700+ for price of Gold. Just incredible

[wanobi] 04/6/2020 14:08

was AAZ this under the radar when it was 5p Mj ?? Cheers Wan :-)

[mattjos] 04/6/2020 13:46

Gold keeps leaping back above $1,700 each time it goes there, building up a stringer and stronger base from which to move on.Fantastic price for CNG

[mattjos] 04/6/2020 11:17

Another 50k gone

[digger18] 03/6/2020 20:56

Hi Matt, I occasionally post on your Aaz thread and have come across this one with interest. It looks under valued but I guess the debt is weighing it down at the moment. Please could you give me some idea of when a Phase 2 will be completed, as I can’t seem to find anything relating to a timeline? Thank you

[fozzie] 03/6/2020 12:25

I will look to try and and buy a few more 10k chunks. I put quite a few 'bets' on Covid plays, they have done well but maybe time to come out of some of them. Are you still in RSG?

[mattjos] 03/6/2020 12:24

13.25 v 14.44 for 25k either way now

[mattjos] 03/6/2020 12:23

just your 10k fozzie and it has shifted the MM's on the order book and now back over 14p to buy.
Whatever loose stock is about is being picked up every day now

[fozzie] 03/6/2020 12:18

Another 10,000 for me just now at 13.9 MJ. I have accumulated quite a few now. Sold RSG to raise a few funds for other buys including this, probably a bad idea but we will see.

[mattjos] 03/6/2020 12:11

in fact, tightest spread I've seen here for many weeks. I suspect there are a growing number of eyes keeping tabs here each day & the flag counter on the thread gives some indication of this: