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% 5.155 10,000 08:36:45
Bid Price Offer Price High Price Low Price Open Price
4.56 5.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.07 -16.19 -4.34 20
Last Trade Time Trade Type Trade Size Trade Price Currency
12:01:14 O 10,000 4.56 GBX

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Date Time Title Posts
01/7/202221:02CNG - Productive Tajikistan Gold miner1,505
30/6/202214:56China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,509

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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 5.16p.
China Nonferrous Gold Limited has a 4 week average price of 5p and a 12 week average price of 5p.
The 1 year high share price is 11.80p while the 1 year low share price is currently 5p.
There are currently 382,392,291 shares in issue and the average daily traded volume is 106,904 shares. The market capitalisation of China Nonferrous Gold Limited is £19,712,322.60.
mattjos: Agree with you both. Stripping out, what I hope is a one-off Tax charge (for whatever reasons) & the CV19 costs, the company would have declared a maiden FY profit as I had anticipated & that (together with what we now hope is the end of Covid) should have been sufficient for the management to press ahead with the next expansion phase of the mine. I'm not minded to sell any of the shares i own as i believe the management will continue to display the resolve and resilience demonstrated to date and master the challenges. Whilst I'd much rather the management salaries were going up in line with profits, the fact that the BOD have voted down their own remuneration shows their intent to get on top of this. I have written to the company offices in London asking for a way that shareholders may raise questions to the Board and that these get answered in full. The AGM location denies UK shareholders the opportunity to attend in person but, there should be a way for shareholder questions & Board responses to be aired as part of the AGM statement. If I do not get a satisfactory reply from Maryna in the London Office, I will revert to the email address given for the Beijing office on the company website. Final course of action will be to write to Katie Mitchell at WH Ireland (Nomad) Given that a single shareholder rarely gets response these days, I would suggest others (Politely please) attempt same, if they are so minded. Contact details may be found here: I have Katie Mitchell's email address but, will not post it on the Boards at this stage. Suggest those that do attempt contact, share their experiences here and maybe, if we end up having to contact the Nomad, we do so collectively in the one email.
mattjos: Results presumably tomorrow but, you never know with CNG as they often release news at weird times of the day
joey wilson: I think we are all clutching at straws here. I can't see the share price reacting until there is concerted buying pressure. This will obviously happen quickly when eventually it does happen. I also think it will take us all by surprise .However the catalyst will be phase 2 production. This is now 2 years behind schedule.The news coming out of CNG is the bare minimum and unless this alters I can't see any movement until such time as they confirm a surprise increase in production.We have just got to wait and wait some more, then wait a bit longer it seems until a surprise out of the blue notification that Phase 2 has been achieved and the Company can then be related based on 80,000 oz of production and a massively decreasing debt position.Am I dreaming or will this ever be a reality.JW
mattjos: It has followed the usual Mining Cycle pattern in terms of it's valuation. Elevated and rising valuation as the drill results were being announced when it was Kryso Resources, the planned HK listing etc. All that period saw the share price move all the way to up 40p at the back end of 2013. Then, after Kryso morphed into China Nonferrous Gold and the real work started of actually constructing the mine, there was a continual decline over the next 5 years, exaggerated by the avalanche which destroyed much of the work achieved. Finally, Production started and the shares were picked up with a brief run to 20p before the subsequent decline as Production processes had to be bedded in and optimised, the Debt had to be rescheduled from rather informal Short-Term nature to a more formal Longer-Term structure. Then, there has been Covid to contend with for the last two years Throughout all these slings & arrows, China Nonferrous has steadfastly backed the enterprise and used all of its clout and economies of scale to support and assist the fledgling enterprise. I believe the 'true' investment journey starts from here and from now
mattjos: With GBPUSD now down to 1.23:1 and share price at 5.725p, Mkt Cap is now down to $27m … circa 77% of Annual Gross Profit.
eke: Funny ol game,funny ol world!This share price has been butchered by a nervous market.Its now at a "fire sale" price and can't see it going any lower unless, Putin uses gas or a Nuc or China backs the Russians with financial support and arms.However, If the opposite was to happen....Putin backs down or is "removed",and China sides with Nato (as the best option for them) this share price will double within hours.Im praying for the latter for the sake of humanity and the world.
mattjos: The H1 2021 Results were issued on 29th Sept 2021 & the share price closed at 10.8p on that day. There are exactly the same number of shares in issuance today as there were on 29th Sept 2021. Today we are told "total debt facilities of c. $319m at this current time" Shares closed today at 6.5p So Debt has reduced $40m between these two updates … arguably that should switch over to an equivalent increase in MKt Cap (for EV to remain constant) but, in fact the share price (Mkt Cap) has actually fallen. It seems illogical. + What we do not know is the NET Debt position as at today … we are not told how much Cash/Receivables/Gold in circuit there are to offset the total debt figure. So let's look at the Gold price .. maybe that helps explain the seeming anomaly. Gold price (when results announced 29.9.21): $1,725 Ave Gold price achieved for H1 2021 Gold Sales: $1,785 Gold price today: $1,920 Still makes very little sense for the Mkt Cap today to be lower than it was six months ago. I would have reasonably expected Mkt Cap to now be more like the equivalent of 18p / share
joey wilson: There has been a seller here, though, for a while, patiently taking the price down. Just a waiting game for this to turn. However, when it does expect a fast rise. I'm intrigued to know whether they have achieved or are achieving a higher production this year. The wait to achieve phase 2 feels like forever. I don't suppose we will find anything out until September as news is always very scarce here at CNG. Hence, there is a lack of interest in the wider market. If this company communicated more with its shareholders, there may be more interest and, therefore, have a positive effect on the share price. JW Ps . Sitting on a paper loss presently even though my first purchases were below 5p about 3 years ago.
danmart2: The company 2021 results including debt repayment plan is the key. If they are repaying significant amount then the share price will boom. Some complain about the companies lack of communication but I prefer it this way; there is no spin. A Phase 2 is now operational RNS would also spike the share price past previous 22p high
mattjos: Share price here was 11p when the Interims to 30/6/21 were announced on 29th September ie. confirmation that debt was now being repaid & cost of debt has dropped considerably. Now the Second Half of the year is 'in the bank' so to speak .. share price had dropped back to 7p by 31/12/21. It's perverse .. I'd argue that 11p was 'about right' given the progress in the first half last year and (since we have not been advised of any negative events that would affect the valuation during the intervening three months) that the second half would see the share consolidate around there at worst but, no! it fell back 35%. That is a total nonsense.. Yes, the shares are very illiquid because the majority are tied up with CNMIM and won't be sold any time soon but, they are also illiquid at these sort of prices because others realise it is just bonkers to sell at this sort of valuation & so best to keep hold and await the inevitable rise It is not going to take much buying before we'll be back at 11p, imo .. but, that is now 6 months behind the reality of the situation & I'd argue we should be nearer 14-15p per share by March with more to come in subsequent 6 months. Anyway, we take it one day & one week at a time and see if there are actually any more malingerers willing to sell at these bargain prices.
China Nonferrous Gold share price data is direct from the London Stock Exchange
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