Buy
Sell
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
  0.425 5.11% 8.75 20,606 16:35:14
Bid Price Offer Price High Price Low Price Open Price
8.05 9.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.07 -16.19 -4.34 33
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:15 O 20 9.00 GBX

China Nonferrous Gold (CNG) Latest News

More China Nonferrous Gold News
China Nonferrous Gold Investors    China Nonferrous Gold Takeover Rumours

China Nonferrous Gold (CNG) Discussions and Chat

China Nonferrous Gold Forums and Chat

Date Time Title Posts
06/6/202113:20CNG - Productive Tajikistan Gold miner906
02/3/202121:11China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,497

Add a New Thread

China Nonferrous Gold (CNG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-15 15:29:159.00201.80O
2021-06-15 15:29:159.00100.90O
2021-06-15 15:29:158.00252.00O
2021-06-15 14:27:068.5020,5061,741.98O
2021-06-15 07:00:129.45201.89O
View all China Nonferrous Gold trades in real-time

China Nonferrous Gold (CNG) Top Chat Posts

DateSubject
15/6/2021
09:20
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 8.33p.
China Nonferrous Gold Limited has a 4 week average price of 6.50p and a 12 week average price of 6.50p.
The 1 year high share price is 16.90p while the 1 year low share price is currently 6.50p.
There are currently 382,392,291 shares in issue and the average daily traded volume is 21,835 shares. The market capitalisation of China Nonferrous Gold Limited is £33,459,325.46.
03/6/2021
18:04
mattjos: Hari, you have to get used to these often very wild swings in valuation with junior mining entities. The pre-production ‘hope’ phase is very often a time of elevated valuations which subsequently come crashing back down as the reality of the timeline and inevitable problems of startup dawn on investors. It’s exactly at these lows, when the sentiment is overall still bearish & folk can’t see any immediate reason to buy that those more familiar with such things are indeed buying in the background. Then, as if by magic the sellers at those low levels are exhausted and the share price springs up .. causing the inevitable ‘what’s going on here, surely it’s still not worth buying response’ & the general audible bearish tone simply persuades a few more to bail out, albeit now not quite at the lows. Once that stock finds a new home, we move ahead a little further etc etc ... by the time the audible commentary turns bullish, the price is likely 100-200% up off the lows & then the subsequent buying pushes it further ahead. Let’s see how we go but, i am not ruling out near ATH’s here before the year is out.
27/5/2021
12:54
joey wilson: To be honest Mattjos I am surprised you have continued to keep the faith. Testiment to your original beliefs. I remember you even selling AAZ at some point before buying back in at a much better price. I am surprised you haven't felt the need to do that here. However, for me I have put on what I can afford to lose on this as an outside punt, but I have always respected your ability to find that winner. AAZ, point in fact. CNG just needs to get rid of the monkey on their back. THE DEBT. As gar as updates from CNG they have always been poor. Mattjos you are not a typical contributor on these bb and although you have called it wrong so far all the way down to 6p, the worm must turn and I think it is due.... Thank you once again. Hoping this turns into a world cruise......lolJW
26/5/2021
11:20
mattjos: good man, wanobi. Glad to hear you are still keeping tabs on things here .. sometimes one just have to be brave according the sums as you see them. I'm still sat on all that I have purchased. The Gold chart is looking very robust and I still expect to see the price remaining elevated far above the assumptions here. In fact as some stage in the not too distant future, I expect to Gold trading at more than double the assumed price. A doubling of production with gold in that region will make for some eyebrow-raising cashflow,imo
26/5/2021
10:30
mattjos: Yes, whilst it might appear continually weak, it has actually been gradually strengthening. The last time the price shot up was when they confirmed they had achieved steady state Phase I production. Combination of a resurgent Gold price and confirmation that Phase II has been implemented should see renewed strength in the share price this year …. if Gold goes back over $2,000 this year then, that combination will result in some very persuasive cashflow from the mine and then folk should quickly appreciate that the debt can/will be paid down quicker than most believe possible. Just £27m Mkt Cap at present
12/4/2021
16:19
danmart2: Share price plummeting
02/3/2021
21:15
mattjos: $20m debt repayment & ops unaffected by COVID ... share price falls. Unfathomable at times
02/3/2021
14:18
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 (www.cnfgold.com) or contact: China Nonferrous Gold Limited Zhang Hui, Managing Director Tel: +86 10 8442 6662
14/2/2021
14:16
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.
09/8/2020
11:33
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. https://www.sprottmoney.com/Blog/after-an-incredible-week-huge-things-happening-in-silver-weekly-wrap-up-august-7-2020.html
15/4/2020
11:36
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
ADVFN Advertorial
Your Recent History
LSE
CNG
China Nonf..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210616 00:25:28