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
  -1.45 -10.0% 13.05 118,831 16:35:25
Bid Price Offer Price High Price Low Price Open Price
12.10 14.00 12.90 12.90 12.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.07 -16.19 -4.34 50
Last Trade Time Trade Type Trade Size Trade Price Currency
15:11:16 O 100,000 12.50 GBX

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Date Time Title Posts
11/8/202016:08CNG - Productive Tajikistan Gold miner688
21/7/202022:36China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,493

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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 14.50p.
China Nonferrous Gold Limited has a 4 week average price of 10.80p and a 12 week average price of 10.80p.
The 1 year high share price is 22p while the 1 year low share price is currently 7.13p.
There are currently 382,392,291 shares in issue and the average daily traded volume is 115,200 shares. The market capitalisation of China Nonferrous Gold Limited is £49,902,193.98.
mattjos: Bo … only very few were there in 2015 .. most only got interested in AAZ after it had already trebled/quadrupled from its lows ie. they are trend followers / traders rather than contrarians / investors. That's quite ok, as the market is populated by all sorts and needs all sorts to flourish. It's also a matter of time & this just needs a tiny little bit more time before it gets into its full stride. Most AIM punters measure the length of their investments in days/weeks and certainly not months or years. They crave daily share price movements to stay interested & without it they get bored in no time at all and off to chase some other piece of skirt. That's what pays Market Maker wages. Despite the absence of daily price movements, CNG has quietly moved ahead comfortably over 300% in just 14 months. I'm delighted with performance to date and look forward to the next 300%
hari: Hi Mattjos Great reply as always .. you are are tough man to counter as your points are so well put and makes me want to add . I guess I am comparing the behaviour of other gold miners .. trading back , AAZ is a good example , took a while to move up but it was paying down of debt and more so dividend starting then turned the share price I am just hold until see signs of debt can start to be paid and a strong buy thereafter It is a waiting game , without having to look back again , when it production expected to double ?
actony: How come this companies share price has gone down and languishes while nearly all other gold plays have gone up substantially with price per ounce now more than $1860. The market must know something is very wrong with the governance and potential financial skullduggery when it is producing substantial gold bullion.
mattjos: I believe I understand what it is that management were 'trying' to say in the first RNS & had they got the wording right it would not have been necessary for such a clumsy reissuance of the RNS. None of this alters the financials though & none of this alters the price of gold today or, its trajectory. I doubt there are actually many more left to sell out of the share so, that in itself should limit the downside so, like eke and some others here, I will be sitting still and keen to see what $1,800+ gold does for the share price. Don't think there will be too much longer to wait for that
danmart2: Few things There is no doubt the mine has high potential The company has a good vision for the mine The company has significant debt that could be managed more successfully given the current availability of cheap credit The share price is low in comparison to the potential BUT is reflective of the company’s performance in managing the debt and lack of reporting thus far. Ultimately it comes down to how much you trust the management. Personally, despite being an investor I do have the opinion they could be more transparent, more pro active and certainly more successful in debt consolidation. Where I see the share price? Short term - hover between 13 - 16p until fiat currencies start to tank Medium term - 30p or higher depending on debt reduction control and Fiat currency decline Long term - too difficult to predict
ironstorm: Shame the TU did not shift the share price much especially with pog where it is. Hari I think Mr Market is struggling to value it to - Lack of regular news won’t help either. V. Cheap but it’s needs a catalyst. PoG does not seem to be sufficient.
mattjos: Look at it another way. There is circa 55p (69c) per share of debt, including unused drawdown from last RNS ($270m Dedt divided by fully diluted share figure of 390m). That should be enough headroom to complete Phase II of the plant, effectively doubling production. As the last RNS showed, they are able to access debt much, much cheaper now, as compared to when the mine was under construction & LIBOR is way lower now so, i believe debt refinancing will be at a lower rate such that the overall interest quantum will be lower. For me that 55p figure represents the minimum rise in value per share that will occur as the debt gets paid off & that is going to happen more quickly than planned due to big positive differential between gold prices now and gold prices assumed in the BFS. AFAIC, there is absolutely nothing whatsoever in the price for the neighbouring mineralisation areas, just down the road - which may prove contiguous at depth with the existing Pakrut mine, given their proximity. Once debt is paid off, this could afford to pay shareholders 4-5p per share in dividends per annum .... I’m quite sure CNMIM would want to see a handsome return on their backing of the company in the years ahead. I doubt any will suggest there is much of a speculative element to the share price right now ... insufficient interest just now but, at some point the figures will become uningnorable as the price of gold works its way through to the bottom line and the leverage on the Balance Sheet becomes clearer to the market.
kfr20: Hopefully a good RNS will kick start the share price. Gold price will massively help of course.
wanobi: many thanx Mj for continuing to share your research with all, much appreciated by the less competent (me, LOL) amongst us, of that I'm 100% sure :-),,, the more I look at CNG, read your research and then compare to others out there the more I come to the conclusion that the share price here is too low,,, so I ask myself why and the biggest single reason I can come up with, is trust... there is so much anti-china rhetoric going on in the world right now, especially from the USA and I believe looking back there have been some awful fraud cases in respect to Chinese companies, listed in the west,,, a simple google search and things like this pop up immediately,,, ... so, to me, provided CNG are trustworthy then we may have all made fantastic investments here,,,, but,,, I think it'll take time for that trust to be recognised by western investors,,,, reliable numbers, better communications and so on,,, fingers crossed that will all come and not a 7am Muddy Waters note telling the world he's short CNG!!! as 2 of my investment hero's say; However, the negative sentiment is not shared by all. Before the latest wave of fraud scandals, Charlie Munger, vice chairman at Berkshire Hathaway and longtime business partner of Warren Buffett, recently said at the Daily Journal Corp’s annual meeting that, “the strongest companies in the world are not in America,” adding that “Chinese companies are stronger than ours and are growing faster,” CNBC reported. Cheers Wan :-)
mattjos: When AAZ had $52m of debt for their flotation plant, it caused the share price to drop to 4p.Unlike CNG, they did not have a big corporate backer in the form of CNM .... The founder of AAZ had to forgo salary, sell some assets and lend a further $4m to the company to see them through that trough. He/they refused to dilute the equity at such a low valuation.Once AAZ's flotation plant came online and started production, the cash flow soon started paying down the debt & consequently the market cap rose ... & has carried on rising to now around £1.50 / share.I am not expecting CNG to enjoy quite such a meteoric performance in its share price but, we have used the debt for productive purposes and now have a mine in full production with a very supportive gold price.The company has not diluted its equity & the corporate backer has been extremely supportive throughout the startup period and the avalanche and then the restart process.The company now has a good cash flow coming in & is able to 'pay its own way'.
China Nonferrous Gold share price data is direct from the London Stock Exchange
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