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
  0.35 2.7% 13.30 151,605 16:35:02
Bid Price Offer Price High Price Low Price Open Price
13.00 13.60 14.00 14.00 14.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.06 -3.38 -0.92 51
Last Trade Time Trade Type Trade Size Trade Price Currency
10:00:29 O 25,000 13.70 GBX

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Date Time Title Posts
23/10/201917:38China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,111

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Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-23 09:00:2913.7025,0003,425.00O
2019-10-23 08:58:4513.447,9861,073.32O
2019-10-23 08:06:4213.17100,00013,172.00O
2019-10-23 07:14:4313.442,694362.07O
2019-10-23 07:09:5813.442,946395.94O
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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 12.95p.
China Nonferrous Gold Limited has a 4 week average price of 9.55p and a 12 week average price of 6.80p.
The 1 year high share price is 22p 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 276,711 shares. The market capitalisation of China Nonferrous Gold Limited is £50,858,174.70.
mattjos: Yes Hari … mine was a bit conservative but, no matter. I have every regard for Chip's figure. Could actually be quite a bit higher than both our figures given: a). the way the Time Value of Money is being so distorted by negative interest rates across the world & b). Price of Gold looks likely to comfortably exceed the $1,250 - $1,300 assumptions Anyway those figures, give a current NPV spread between our two valuations of 49p - 70p (at current GBPUSD). Previous ATH was 41p back in 2013, when the mine only existed on a spreadsheet. Now the mine is built and has been in full production for over a year Little surprise there is healthy demand for the shares at last few days prices. I believe the share price will ultimately move on to comfortably reach new ATH's 394k shares bought off the market today & just 100k sold.
jbe81: Weird that it is showing no change in the share price today
mattjos: If you are invested here, I assume you wish to see the share price rise.I'm sure the company would like to see the same result.To sensibly value this company, the market needs to hear rather more form them then they have been giving to date.We are a producing gold miner now & I believe investors are right to expect the company to report its activities in a similar fashion to its peers ie. Quarterly Production figures.The company many not be blessed with may English-speakers but, they will have some, else how do they communicate with their Nomad and put out English RNS's ?An email to the nomad is not going to take more than 2 minutes of your time ... put some pressure on the Nomad. They do little enough for their payment ... time they took some investor heat and passed it up the line
mattjos: Today's fall in share price is wholly uncalled for, afaiac … have had some more
mattjos: the share price & therefore the market cap should just keep moving upwards, afaiac. The company is totally inadequately valued by the market & I believe more people are beginning to understand this now. The backward looking results are now out in the public domain & the market judgement today has clearly been that they do not see anything to concern themselves with. Now the market will start to look forward & I was very glad to see the management commentary also gave us an indication on that front, with some data & commentary on performance from 1st July thru end August with the markedly higher gold price in that timeframe. Looking further ahead now … as to what may happen when we get to something like sensible valuation … to look ahead, I believe we should first look backwards to this RNS:, when the company was still called Kryso: 28/10/2013 7:00am UK Regulatory (RNS & others) 28 October 2013 Kryso Resources Corporation Limited ('Kryso' or the 'Company') AIM: KYS APPOINTMENT OF SPONSOR FOR PROPOSED HONG KONG LISTING Kryso Resources Corporation Limited (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that the Company has appointed GuotaiJunan Capital Limited ('GuotaiJunan Capital') as its sponsor in relation to the proposed listing of its issued share capital on the main board of The Stock Exchange of Hong Kong Limited. GuotaiJunan Capital is the corporate finance arm and a subsidiary of GuotaiJunan International Holdings Limited, which in turn is a Hong Kong-listed subsidiary of GuotaiJunan Securities Company Limited, one of the largest securities houses in the People's Republic of China. I believe the company's natural listing venue is HKEX, rather than London AIM & the reasons should be obvious. I do not believe that management aspiration has in any way dimmed over the last 6 years .. in fact, I'll wager it burns as brightly today as it did then. With that in mind, i expect the market reporting and corporate action to be exemplary in order to build the necessary corporate track record to support the switch to HKEX & to do so successfully this time around. I do not see the ambition of management & CNIM to be solely limited to the Pakrut operation .. no, i believe shareholders are witnessing the early stages of an ugly duckling morphing into a swan & that a move to HKEX will occur as/when the 'story' & the financial metrics and reporting history are correctly aligned. If they play this right, they will be able to move to HKEX and in that process achieve a fundraising round to take them to a whole other level of size. If this ambition and timeline aligns with a strong bull market in gold then the company will be in excellent shape to make the move to HKEX …. so, my advice, if you are intending to hold long term, is to try and find a provider that enables you to hold HKEX listed shares .. there may be a period of dual-listing after the event but, eventually, i expect the equity to switch to HK. I will do some research over coming weeks to try and determine what may be the preferred / optimum market cap for a company seeking admission to the main HK list. Needless to say, i believe management will plan on the mkt cap being a lot higher than we see it here today.
mattjos: don't really understand your post icejelly. Do you mean they don't RNS every week like a broke penniless explorer, desperate to pump the share-price ahead of the next Bn share issuance? Their reporting on what is going on has been fine as far as i can tell … it's the market reaction to the newsflow over the last 12 months which has mystified me - although many people have admitted to completely forgetting about the company after its listed name change. Most still remember & refer to it as Kryso. I believe the company has made excellent progress over the years since CNM took majority control … nothing they could have done about the avalanche. That was a once in a lifetime event. That event would have totally sunk other junior mining concerns but, CNG has just got on with it. Got the insurance money, made good the damage and achieved Phase I state of production … just as Gold has started a new bull market. In this case, the cloud of the avalanche has had a golden lining. The market will not allow such a gross discount to fair value to persist ad infinitum. It wont close the valuation gap 'overnight' but, whatever the timescale & whatever the stated catalysts, the march back up towards correct valuation will occur, in my opinion. That timescale should be shortened given the gold price environment Since i believe this is currently £1 coins on offer for 20p, I'll keep being greedy
mattjos: What a great Quarter for the company share price: Start of June, Gold was at $1,300 & CNG was at 3p End of August, Gold at $1,527 & CNG at 16p I believe that is the +ve net effect of a Balance Sheet with so much leverage on it, fulcrumed on the price of Gold + a long forgotten gold miner coming back onto investor's radar. Looking forward to the next $200 rise in price of gold. Good weekend to all CNG investors
diablo26261: For those of us who have held these shares since 2010 (as Kryso), traded in and out but always held a few (though felt almost uninvestable post avalanche)and had the faith to buy more again earlier this year this is very nice to see. Hopefully can close above the 10p resistance point and gradually return towards the highs just above 30p we have had (when no mine/prodcution) and perhaps move higher than that. Unfortunately there is literally zero visibility of what they are doing and they lack any basic communication which might support shareholders and the share price.
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.
China Nonferrous Gold share price data is direct from the London Stock Exchange
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