China Nonferrous Gold Share Discussion Threads

[wanobi] 05/8/2020 14:24

go on then, another 50K for me at 13.7p :-) Cheers Wan :-)

[mattjos] 05/8/2020 14:16

12.3p v 13.74p for 75k either way

[mattjos] 05/8/2020 14:11

it is really now getting quite bizarre … the facts are all here for folk to do the maths for themselves.
I guess i'll just keep buying ,.. it seems the herd are only interested in momentum and not doing basic research and maths.

[wanobi] 05/8/2020 13:53

my 100K today was a buy, cheers Wan :-)

just wait till this one gets discovered as the last gold stock that hasn't risen LOL LOL

[mattjos] 05/8/2020 13:04

"The total cost per ounce is estimated to be around US$780 with a gross margin of circa 60%. Royalties have been calculated at 6% of sales revenues and corporate income tax at 15%, according to the relevant laws in Tajikistan."

[wanobi] 05/8/2020 10:00

many thanx Mj, cheers Wan :-)

[mattjos] 05/8/2020 09:56

Very quick first scan & pretty much as expected.
The company are doing a terrific job operationally to ameliorate any possible impact from Covid-19 & that is to be applauded.

Good to get these out the way & with no big negative surprises. Now we and the rest of the market should start to look forward to the upcoming H1 results set against a hugely positive gold price environment.

Very pleased to read this too:
"Discussions are ongoing and, with the signing of the new loan agreement, the remaining discussions are expected to be completed in the near term.
The parent Company CNMC has committed to supporting the CNG group should this be required for a period of at least 12 months from the date of approval of these financial statements."

This is JV'ing on a big scale & CNMC have been terrific throughout the early stage setbacks (avalanche included) & continue to show their financial backing and support as the infant moves ahead from first baby steps to unaided walking.
The company is very fortunate to have such a large scale & patient backer

[brasso3] 05/8/2020 09:51

Results out

[wanobi] 05/8/2020 09:51

Results out :-) Cheers Wan :-)

China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, today announces its final results for the year ended 31 December 2019.

The results below are extracted from the Company's audited Annual Report and Financial Statements. Copies of the Annual Report have been dispatched to shareholders today and are available on the Company's website (www.cnfgold.com).

But I can't find them!!!!!!!!!!!!!!

[mattjos] 05/8/2020 09:11

Gold over $2,000/oz and still no sign of interest

[fozzie] 31/7/2020 17:49

Disappointing all round.

[eke] 31/7/2020 17:17

We both lost!

[mattjos] 31/7/2020 16:35

next week then

[eke] 31/7/2020 15:57

My prize....a Terry's Chocolate Orange.Will know in a matter of minutes...

[mattjos] 29/7/2020 22:06

10 Yr Real rates now -0.96% !!

Todays near $2,000 Gold price is looking cheap as chips.

Th whole Gold mining sector has moved dramatically this year .. investor and punters money will be casting about looking for any that have yet to respond.

You cant have a productive gold mine of this current scale, cost of production & with expansion underway and simply ignore the Gold price for much longer.

Mkt Cap has to rise significantly upwards from here, imo.

& knowing how CNG cam move when there is some buying, that likely to happen fast

[mattjos] 29/7/2020 20:48

whether or not it means anything, we will have to see but, WHIS quietly moved up on the book at 16:28 today & I've not seem them be the first MM to move up on the book here ever since they were appointed as the House broker & nomad.
They will (should) be the only party privy to news releases in advance.
Only a ha'penny but, it caught my eye nonetheless

[eke] 29/7/2020 19:12

Ill set my alarm for 2am to see if you are right.

[mattjos] 29/7/2020 18:55

I think tomorrow am

[eke] 29/7/2020 18:50

Ill put money on 4pm Friday!

[mattjos] 29/7/2020 17:53

"The Company is progressing the audit process but due to the challenges of COVID 19, and pursuant to Inside AIM (26 March 2020) the Company has been granted an extension to the date by which its annual accounts can be published.
The new deadline by which the annual accounts must be announced is 30 September 2020, however the Board intend to publish and file these accounts on or before 31 July 2020."

[mattjos] 29/7/2020 11:36

Yes, CNMIM's Pakrut Gold mine is a tiddler as compared to Zijin Mining's Zeravshan Gold mine in Tajikistan.
Remember that Aim listed Avocet mining used to own Zeravshan … in much the same way that Kryso used to own Pakrut.

I am quite sure there will be some friendly rivalry between CNMIM & Zijin as to who becomes the biggest

The Chinese have far greater ability to operate and influence in Tajikistan than any UK company will ever have.

Once we get Phase II completed, I fully expect CNG to immediately crack on with exploration in/around Pakrut because they will be keen to max that plant

[eke] 29/7/2020 02:42

Agree, its nice to be recognized in the press thou. Next years report should show a much higher percentage as production increases. The big question is will the big fish want to take out the little fish while the little fish price is still cheap?

[mattjos] 28/7/2020 21:45

thanks eke,
always difficult to draw much detail from the national production reports because Zarafson dominate to such a degree