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 0.0% 8.95 13,909 16:35:16
Bid Price Offer Price High Price Low Price Open Price
8.05 9.85 9.00 9.00 9.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.07 -16.19 -4.34 34
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:15 O 10 9.35 GBX

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Date Time Title Posts
03/3/202116:42CNG - Productive Tajikistan Gold miner832
02/3/202121:11China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,497

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China Nonferrous Gold (CNG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-04 16:29:159.35100.94O
2021-03-04 16:29:158.05151.21O
2021-03-04 16:29:158.05100.81O
2021-03-04 16:29:159.35100.94O
2021-03-04 16:29:159.35131.22O
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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 8.95p.
China Nonferrous Gold Limited has a 4 week average price of 8.05p and a 12 week average price of 7.50p.
The 1 year high share price is 16.90p 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 17,033 shares. The market capitalisation of China Nonferrous Gold Limited is £34,224,110.04.
mattjos: $20m debt repayment & ops unaffected by COVID ... share price falls. Unfathomable at times
novicetrade68: Some news just released... 02/03/2021 1:22pm UK Regulatory (RNS & others) China Nonferrous Gold (LSE:CNG) Intraday Stock Chart Tuesday 2 March 2021 Click Here for more China Nonferrous Gold Charts.TIDMCNG China Nonferrous Gold Limited ("CNG" or the "Company") Financial Update China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following update: Repayment for part of loan with CNMC International Capitals Company Limited The Company is pleased to announce it has repaid US$20m of its outstanding loan with CNMC International Capitals Company Limited ("CNMC International") in accordance with its terms. The total loan facility with CNMC International was US$90 million (the "Loan") and accordingly US$70 million of the Loan is now outstanding. As set out in the announcement, dated March 5 2018 repayment of this balance of US$70 million was due on or before the end of December 2020. The Company is currently in discussions to agree a formal extension of its existing remaining debts facilities with CNMC International with a similar or lower interest rate than the current facility, and the Directors believe this will be achieved. As CNMC International is an associate of China Nonferrous Metals International Mining Co. Ltd ("CNMIM") (the Company's 38.36% shareholder) such an extension would be a related party transaction pursuant to AIM Rule 13. This would require an announcement which contains the information set out in Schedule Four to the AIM Rules; the name of the related party concerned and nature and extent of their interest in the transaction; and a statement that the directors, having consulted with the Company's Nominated Adviser, consider that the terms of the transaction are fair and reasonable insofar as the shareholders are concerned. Further updates will be provided in due course. Summary of Current Financial Position At the current time, loans drawn down by the Company amount to c. USD$328million, this includes US$99.55m of banking facilities (unaudited). COVID 19 Update The Company confirms that they have taken appropriate steps to ensure that staff continue to be protected at site, and to date operations at the mine site at Pakrut continue as normal, despite COVID 19. Further updates will be provided if the situation changes. For further information please visit the Company's website ( or contact: China Nonferrous Gold Limited Zhang Hui, Managing Director Tel: +86 10 8442 6662
eke: Hi Matt. Just a brief word from across the pond. Like your 9-10p share price range, the Gold price also seems to be stuck in the $1800 to 1850 range, maybe just a coincidence or the algorithms are working well. As long as Gold stays at this level, the phase two competition date and interest repayment plan is announced(soon we hope)we will see little price movement. Still believe we have a "winner" here and 'am prepared to patiently await the good news. Agree also there is slow accumulation by some one who may know something us "small- fry" are not privileged to know.
mattjos: Summer 2019 and the price action was all around the 2.5 - 3.5p region. 20 months later and after some intervening wild gyrations, the price now seems to be narrowing down into the 9-10p region so, the price has tripled off the back of achieving Phase I steady-state production.Whilst exceedingly slow, I still believe there is accumulation in progress by at least one party & they are doing so in a manner to avoid moving the price.This is SETS stock so, more market participants can get into the order book & buy on the Bid price during the course of the day (rather than just in the auctions).I also think the buyer is not averse to deliberately letting a few go to try and stimulate some selling by others, before he then comes back on the Bid to try and pickup a greater sum than he let go earlier ... there is little competition in the market for the stock and so that has proven successful on several occasions from what i have observed.I think it's reasonable to suggest that the price triples once again with the completion of Phase II & steady-state production at circa 100,000oz per annum over the course of this year.
danmart2: Until the debt issue is addressed (even a debt pay off plan would suffice) the share price won’t move up.
jailbird: Agree with your 4p target to be honest . Still 2.5 times the current price .I was trying to compare the market caps as the same but MTL's balance sheet is much stronger than CNG's Wondering if it was better value You you see this as a better value and appreciation play
mattjos: I'll spare everyone all the details and cut'n'paste of where I get the information from but, if you do the legwork it's all out there for you to find and you'll see what I am posting is correct: Here is my current Overall Status summary of Pakrut. Phase I completed mid-November 2018 Planned lead time from Completion of Phase I to completion of Phase II is 32 months. We are now in the 26th month of steady-state 2,000t/day Production so, assume Phase II production uplift will arrive from July this year. Planned Phase II rate of Production is 106,000oz / year Combined Processing and Refining rate was planned/calculated at 82.99% From the last Half Year results, the actual combined (Processing and Refining) Rate was 79.14% (85.96% of 92.07%) The Economic Cut-Off point was planned/calculated at 1.58g/t … BUT, this was based on a Gold Price of $1,250/oz & the sensitivity analysis showed that "the sale price has the most influence when calculating economic cut-off, followed in decreasing order of influence by Operating Cost, static ROI & Royalty Rate." A 20% increase in the Gold Sales price (from $1,250/oz to $1,500/oz lowered the Economic Cut-Off to 1.32g/t. The SRK model did not even forecast / model gold price any higher than this but, at the current Gold Price, it looks likely that the Economic Cut-Off is now down to circa 1.1g/t Average Grade of Ore being reported is 2.28g/t So, we have no problem with length of Mine. Combined Recovery Rate is 5% below target (hence management reference to focus on improving this). Realised Gold price is well above expected and more than offsets the Recovery Rate variance. As mining projects go, I believe the company is doing a great job & it's not long to wait before we move into the next gear & start to see some real cashflow being thrown off by the operation. Some people might not like the way data is reported here as it seems different from other miners but, the company is reporting on key performance data that was deemed relevant & highlighted per the Mine Plan. I'm sure management is keeping things simple and the message to the Pakrut team is to hit/exceed the metrics as per the Mine Plan and Pakrut will be a winner Once we hit steady-state Phase II then, I'm quite sure we'll go back exploring at Eastern Pakrut and Rufigar and then Sulfidnoye because, the earlier reports came up with some exceptional grades there & about our doorstep.
hounddog10: leopaldall The majority of the debt ($276m) is owed to the major Chinese shareholder and is secured over all the mine and its assets. This debt has been overdue for some years and no default has been called. However the major Chinese shareholder does have the whip hand and could, presumably, call a default. However, they have shown no signs of doing so. As you note the refinancing is very unlikely to be an equity raise which would almost certainly have to be a placing with a new shareholder(s)at a deep discount to the current bombed out share price. This would be deeply dilutive to all shareholders including the majority Chinese shareholder. So, presumably, as you say, it will be a debt refinancing. This is about their third attempt at a refinancing (the first two were announced and nothing happened (no explanation) and it might happen again). However, time they should stand more chance of being successful as they have two years of production history. An important question is whether there will be any element of a debt for equity swap on a part of the debt. This would be very dilutive for non-majority shareholders. I am rather unclear why they have not done this before as it would be an obvious solution and on its loans the Chinese majority shareholder is effectively running equity risk anyway. Perhaps it is because the Chinese go about things differently.
ned: I'm no guru, but if the $3300 gold target Eric Sprott enthuses about is hit by end of 2020 then the CNG share price now will just look like call options in the rear view mirror imvho.
mattjos: There are some similarities with AAZ in that they are both mining entities but, I don't think they stand much comparison beyond that. CNG is more of a corporate Joint Venture in many ways … a small listed entity with a large corporate (CNIM) standing behind it & also owning a big chunk of it. CNIM has 'extended its umbrella' over CNG and afforded CNG access to CNIM's purchasing economies during construction & access to the debt markets in size & at rates that CNG would never have been able to access as a stand-alone junior entity. Now some will argue that CNIM's executives also being Directors of CNG gives rise to a conflict of interest & therefore the 'deals' are always categorised as 'related party transactions' and these are therefore to be instantly seen as a bad thing but, this is the nature of the JV arrangement and is an inescapable feature of such an arrangement. It does not & should not immediately warrant negativity. Of course CNIM will want Executive level presence on the Board of CNG .. look at what they have invested and afforded to CNG. It's only sensible that they are there to shepherd their investment in this smaller entity - any one of us would do the same. The alternative would be CNG raising the finance via equity & that would have resulted in CNG having more like 1.5Bn+ shares in issue by now. I believe CNIM value the equity in CNG far more highly than to try and tap the equity markets at these sort of prices. They have their eyes set on the bigger, longer term potential of owning a majority stake in a listed gold miner with 100koz rate of production from Pakrut (still open at depth), Eastern Pakrut, Sulfidnoye and Surmyanoye + other targets on the Tien-Shan Fold Belt. The NPV figure is determined in BFS stage by taking into account all the CAPEX the project requires (presumed to be via debt & therefore maintaining the equity issuance constant), the cost of the debt, the projected cashflows resulting from the project over its lifetime & applying a discount to that calculation to bring back all those variables to determine the value of the project at the time the BFS is produced. Arguably the model would be more complex as it would apply a much larger discount to pre-construction stage, the construction stage, the initial startup phase, the full; production phase etc but, these varying levels of discount are amalgamated into an overall Discount Figure (in this case 10%). It is quite clear that the early stage & therefore the stage that attracts the highest level of Discount (50%??) is in the rear-view mirror now as the mine is productive. The asset is producing cashflow & therefore, once those earlier phases of high discount are ticked off, the remaining years of the project are discounted at a much lower %. If 10% was the overall rate assumed at the outset, what is a reasonable discount % to apply to the remaining 18 years of productive operation? It should be less than 10%. I believe CNIM value their equity in CNG far more highly than the market currently values the rest of the free-float
China Nonferrous Gold share price data is direct from the London Stock Exchange
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