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% 9.20 844 13:29:25
Bid Price Offer Price High Price Low Price Open Price
8.50 10.40 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.06 -3.38 -0.92 35
Last Trade Time Trade Type Trade Size Trade Price Currency
12:31:52 O 844 10.30 GBX

China Nonferrous Gold (CNG) Latest News

More China Nonferrous Gold News
China Nonferrous Gold Takeover Rumours

China Nonferrous Gold (CNG) Discussions and Chat

China Nonferrous Gold Forums and Chat

Date Time Title Posts
29/3/202019:52CNG - Productive Tajikistan Gold miner80
29/2/202022:26China Nonferrous Gold (former Kryso Resources) - Tajikistan gold producer1,490

Add a New Thread

China Nonferrous Gold (CNG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all China Nonferrous Gold trades in real-time

China Nonferrous Gold (CNG) Top Chat Posts

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 9.20p.
China Nonferrous Gold Limited has a 4 week average price of 7.13p and a 12 week average price of 7.13p.
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 46,298 shares. The market capitalisation of China Nonferrous Gold Limited is £35,180,090.77.
hari: So much for Gold being as a safe haven we hen there is turmoil When markets fall in this way , Cos with large debt are deemed as high risk The debt was already a weight on the share price but this has made it worse
mattjos: CNG Production Analysis           2019           Jan - Jun Sales Oz Sold Sale Price / oz Days in Period Ave Oz/day Ave $ / Day $20,881,000 15,557 1,342 181 86 115,365             Jan - Aug Sales           $27,870,000 20,907 1,333 243 86 114,691             Therefore:           Jul + Aug Sales           $6,989,000 5,350 1,306 62 86 112,726             Annualised Target from Interims 31,404   365                                           Oz Produced   Days in Period Ave Oz/day   Jan - Dec Production 37,552   365 103   Therefore:           Sept - Dec Production 16,645   122 136               Annualised Target based on Sept - Dec Prodn. 49,799   365                          
jbe81: It depends at what point you consider AAZ to have been revalued, you could argue when it moved from 4p to 7p or to 15p it was revalued, that is a long way off todays revaluation, the dividend certainly did boost the share price though.
joey wilson: It wasnt that many years ago AAZ was financially in trouble. Now look at it debt free. The rising price of gold has enabled it to pay its debt down, issue dividends to shareholders and now be in a cash positive postion. I am looking for the same to happen here. If CNG keep producing at the riding price of gold, keep chipping away, the debt here will be a thing of the past. People just need to have patience keep the faith from these low share price levels. CNG = AAZ 5 years ago.JW
hari: One thing that I have realized is that when a Co releases limited updates = poor volume = little share price appreciation I hope the Co takes seriously our suggestions and updates to the market with meaningful information . Otherwise the share price just drifts and falls back . Then what is the point in being listed , is it just to raise funds in many cases ?
hari: Agree , with increasing cash flow and with 363m NPV assumption , minus the debt, share price should be at least 30p+
hari: Mattjos, I have Been studying the market caps of couple of gold producers, using similar thinking to enterprise values (EV) EV = NPV - debt , rightly or wrongly AAZ is getting close to its NPV value but this happened once their debt reduced and cash resources increased . But most Gold producer stocks with debt are not reaching their NPV values With regards to CNG I would give that an EV Of 363 - 150 = 213m which equates to approx 50p+. This will increase eventually as cash increases and debt reduces. This is the beauty of being a producer. But I will add if the market does not expect dilution or further debt increases then the share price should appreciate to reach its NPV value I am not sure if this is a plausible analysis to work out a fair value but it seems to fit when looking at some Gold producers . I understand Gold grades and tonnes /year production and LOM okays are part on fair value too
joey wilson: Small positions have been dripping out of here over the last week probably due to the lack of communication from the company and therefore leading to boredom. Its a shame as it only takes a small amount of interest in this share and the price really flies. Every single time. The Company are foolish not to release quarterly updates because as Matt says it is now an exciting productive company. I still see early early signs of AAZ here but eke did warn those investing here along time ago that their lack of communication was frustrating.However one comment eke made which has stuck in my mind is ' this is a small gold mining company but it wont be small forever'. I guess patience is required, but I hear this so many times on different threads.Good luck with CNG and I for one will just sit back and wait. I hope the company can see the benefit in more regular updates in order to increase shareholder value and attract new shareholders which is desperately required to improve shareholder value. More communication is required to create interest and a rising share priceJW
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'.
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
China Nonferrous Gold share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
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:20200330 12:46:13