ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CNG China Nonferrous Gold Limited

1.30
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
China Nonferrous Gold Limited LSE:CNG London Ordinary Share KYG215771042 ORD USD0.0001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.30 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 68.53M USD -287.04M USD -0.7507 -0.02 4.97M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.30 GBX

China Nonferrous Gold (CNG) Latest News

China Nonferrous Gold (CNG) Discussions and Chat

China Nonferrous Gold Forums and Chat

Date Time Title Posts
17/4/202414:52China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,529
07/12/202315:50CNG - Productive Tajikistan Gold miner1,651

Add a New Thread

China Nonferrous Gold (CNG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

China Nonferrous Gold (CNG) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by China Nonferrous Gold Daily Update
China Nonferrous Gold Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker CNG. The last closing price for China Nonferrous Gold was 1.30p.
China Nonferrous Gold currently has 382,392,292 shares in issue. The market capitalisation of China Nonferrous Gold is £4,971,100.
China Nonferrous Gold has a price to earnings ratio (PE ratio) of -0.02.
This morning CNG shares opened at -
Posted at 17/4/2024 14:52 by coachsailor
Many thanks C9 and eke for the update on the current situation. I had not followed CNG properly since the avalanche and it was mostly negative comment when I did look at this thread.

From what you say, provided the price of gold maintains its present level, there is still a chance of a positive outcome.
Posted at 17/4/2024 13:05 by c9ajl
I would also add that Phase 2 development never got going, no doubt due to stretched finances. The initial repayment plan relied on this increased production to pay down the loans.The avalanche was covered by insurance but that hasn't mitigated the total impact on the mine and the things appear to have deteriorated since. A second avalanche causing a short closure just added fuel to the fire.An update to resources highlighted the need for more exploration drilling to provide confidence in what is in the ground. This started but I don't recall any updates before the loan issues led to delisting.The loan issues seemed to hinge on the ability to pay down the loans not just maintain interest payments. An increased gold price provides the ability to pay down the loans, pay for an increased drilling programme, and potentially get Phase 2 off the ground to further speed up the loan payments.So there might be a chance these discussions are ongoing?
Posted at 21/3/2024 12:39 by eke
More money in the ground now at $2200 an oz only CNG can mine it ..They are in a stronger position to negotiate a solution here
Posted at 12/7/2023 12:49 by mattjos
One very good reaosn for the parent conmpany to be so motivated is the seemingly increased potential for the BRICS nations to introduce their, Gold-backed, alternate trading currency and this is strongly rumoured to be launched at next BRICS conference in J'Burg.

That event does have the potential to competely upend the market dynamic in the pricing of Gold that has persisited since Bretton Woods and could very well, finally, emable true price discovery in the markets.
If China, Russia and others have quietly cornered the physical gold market during this periof of paper contract price suppression then Gold price could markedly move significantly higher in very short space of time.
Posted at 28/4/2023 11:44 by elpirata
CNG would appear to be sailing close to the wind with aim regulation now, so has the $19.5m expired bridging loan been repaid, refinanced or has cng defaulted on it?

AIM Rule 11 requires notification without delay of any new developments which are not public knowledge which, if made public, would cause a significant movement in its share price
Posted at 24/4/2023 12:30 by mattjos
buried in the report detail they advise that SRK plan to visit the site in May 2023 & that SRK is aware that CNG are making a detailed exploration plan for further work to be disclosed later.
Posted at 18/4/2023 21:46 by mattjos
Still sub-£10m Mkt Cap.Let's see where price of Gold moves up to as/when the FED is forced to cut rates to avert a recession / some sort of major financial crisis & inflation re-accelerates higher.This is obviously still very risky but, there may come a time when US$ & US$ denominated debt is dwarfed by significant rise in price of Gold.
Posted at 04/4/2023 21:09 by mattjos
Gold price gets better and better. 5th highest daily price in history
Posted at 03/4/2023 21:31 by mattjos
I still keep hold here on the basis that I still believe the US$ is going to be usurped and in that melee, price of Gold is going to go onwards to new ATH's.
$ denominated Debt may also be swept away in the process / become less of a drag here.

We should be back smelting soon.

Production halted 23rd Feb - Gold was $1,825 & share price was 2.86p

Production will restart with gold now circa +$150/oz & management advise; "the Company believes that notwithstanding this interruption it will be able to recover annual gold production to similar levels to last year"

They may not be able to influence the weather but, they have most certainly recovered from this avalanche far quicker than the first one - they have learnt and applied some of that learning.

even if only applying the law of averages, this company surely going to catch a break at some point :-)
Posted at 26/1/2023 10:57 by celeritas
I'm not a holder here and was asked to look at cng... The company is pretty opaque with very little news but I agree with what a few are saying here, if the company can pay that debt down is should transfer to the share price, for that the obvious needs to happen, Gold needs to go on a run... I can't say I'm interested in buying any because it just looks like a nice little earner for the banks as it is, when will shareholders get their chance in the sun..

Reports are hard to understand especially with various loans all over the place, best to look at other loan agreement news..

24th Jan 23
Summary of Current Financial Position

At the current time, excluding the loans outlined above, loans drawn down by the Company amount to c. USD$318.48 million, this includes US$85m of banking facilities (unaudited)

6th April 22
Summary of Current Financial Position

At the current time, excluding the new CITIC loan outlined above, loans drawn down by the Company amount to c. USD$319 million, this includes US$99.55m of banking facilities (unaudited).


The main difference being the banking facilities..
China Nonferrous Gold share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock