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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
  0.06 1.15% 5.30 0.00 16:35:21
Bid Price Offer Price High Price Low Price Open Price
4.84 5.75 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.06 -3.38 -0.92 20.0
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
13/7/201913:19China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer723

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China Nonferrous Gold Daily Update: China Nonferrous Gold Limited is listed in the Mining sector of the London Stock Exchange with ticker CNG. The last closing price for China Nonferrous Gold was 5.24p.
China Nonferrous Gold Limited has a 4 week average price of 3.44p and a 12 week average price of 2.60p.
The 1 year high share price is 10p while the 1 year low share price is currently 2.60p.
There are currently 382,392,291 shares in issue and the average daily traded volume is 262,777 shares. The market capitalisation of China Nonferrous Gold Limited is £20,247,671.81.
mattjos: Presence of China Nonferrous Metals Int'l Mining Co Ltd as the largest shareholder & their willingness to stand behind the company debt is obviously what enables the company to borrow at very competitive prices. They have been incredibly supportive all the way through the construction process, the avalanche & the recovery from that event. Pakrut mining licence is valid through to 2030 so, they have 11 years to recover the debts and show a return on the investment. JORC of 4.8m oz. At $1,300/oz that is over $6Bn in-ground Mkt Cap is currently $24m Everything is set at Pakrut now. The share price has gone through the normal phases for a miner: - Exciting rises off the back of the details about the resource and the opportunity - Long fall back as the mine construction starts - Rise as actual mining starts - Fall as early mining highlights the plant needs optimising (In this case accompanied by the avalanche) - Plant optimisation achieved and mining / processing finally gets going to plan This is where we are at now & we should now see the valuation start to appreciate as the cashflow & profits build from here. Were it not for the presence of CNM, this would have suffered huge equity dilution as a consequence of the avalanche & there'd be billions of share in issue. They have not diluted the equity and I therefore conclude they value it much higher that the market currently does
mattjos: Arguably is difficult to value as the EV figure is virtually entirely comprised of the debt so, any would-be acquirer would need pockets as deep as CNM.We simply have to wait for results before we have any clue as to cost of production.The right to mine at Pakrut & the physical assets developed to date surely far eclipse the current mkt cap?Current pog and Utd ave. pog are both higher than the mine plan assumed from year 2 ops onwards.I do not see why we should not now experience a rapid/sharp return to the previous underlying value uptrend that was in play before the avalanche buried the plant & the share price.$1,400+ pog for any length of time thru 2019 &2020 is going to be a huge, huge boon as they accelerate to 4,000t/day processing ability with much of the infrastructure already in place.Unlike most other AIM miners, they have not diluted as a consequence of the avalanche disaster. Yes, the debt is there but, they have nursed the equity.
mattjos: 27 sept 18:"After completing the infrastructure projects, expected in the fourth quarter of 2018, the Pakrut gold mine is expected to enter full production and capacity will gradually reach 2,000 tons per day. In 2019, the Pakrut gold mine is expected to achieve an annual production of 660,000 tons and produce 1.3 tons of gold per annum. Subsequently, the company will fully increase its production capacity, and strive to double its capacity by 2021. While increasing the production, the company is as making every effort to research and refine the selection and improvement process of the Pakrut gold project by continuously reducing production costs, increasing recovery rates and improving its overall competitiveness."1,300Kg = 41,795oz AuIn Nov 18, they confirmed reaching production rate of 2,000t/day so, we've had 7 months production since then .. circa 24,000 oz if production were linear across the year but, best assume the flotation circuit will slow in the winter and speed up in the summer.Call it 18,000oz YTD.POG has averaged $1,300 YTD so, $23m Revs YTD10p share price (fully diluted 390m in issue) would be $49m mkt cap .. just 1 x Revs.Looks cheap too cheap too ignore, afaiac
mattjos: 2,000t/day * 365 days = 730,000t/yr 730,000t * (2.0g/t / 88% recovery rate)= 1.6m grams 1.6m grams / 31.1034 = 41.3koz Call it 40koz * $1,300/oz = $52m Headline sums only. We have no data operating costs thus far. It's a 6% Royalty rate to the govt. Yes, there is a load of debt here but, they have managed to keep those plates spinning without any equity dilution, despite the complete absence of revs & cashflow for the last few years. If they still harbour a desire to get off AIM and onto HKEX, they must first get some decent years of trading accounts under their belt & preferably profitable years before re-applying. If this is the plan then, this could well be the lows in the share price. Have to wait until we get some data & then I assume the new Nomad/Broker will issue some initial coverage Max 3 weeks before we find out
eke: I hope not!China Nonferrous Metal have too much invested to let it die.News on the mine and the financial position is well overdue which has made a few investors a bit nervous and driven the share price down.Could be a good time for a small gamble....
ukgeorge: Novice do you know what the current debt is? The share price suggests they are going bust...
abacus23: C9AJL, Thanks for that. ;) Nice little bit of information, news is very thin on the ground. Still holding here. Hopefully this is the start of the re-rate, when a company goes from exploring to producing the share price starts to grow. Not much growth here, I presume people will buy in June expecting July to be the start of the re-rating.
charles clore: Share price approaching a historical 'bounce' region.
goldguru2017: Kestrel Gold (TSX Venture Exchange symbol KGC.V) Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$4.2 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end Please do your own research on the Company before investing. Thank you for your time.
diablo26261: When I saw that announcement I thought what next ? Probably still digging the snow out, the road they built has been made impassable due to damage, cannot hire a helicopter to get in, power not restored etc..... Cannot make it up with this share - glad I sold a few when I last posted and cannot believe the share price has held up so well. Could run a guess the next RNS thread and let the imagination run free - can we believe what little information is provided anyway ? As I recall the last accounts were qualified by the auditors due to question marks over whether there was a time limit on the mining licence or extraction limit (probably wrong term) over the duration - a major potential issue to the valuation. Have I missed an update on that ? Or is this all a tactic to gradually shake out the few remaining PI's ?
China Nonferrous Gold share price data is direct from the London Stock Exchange
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