Share Name Share Symbol Market Type Share ISIN Share Description
China Nonferrous Gold Ltd LSE:CNG London Ordinary Share KYG215771042 ORD USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.50p 3.00p 4.00p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 4.3 -11.1 -2.9 - 13.38

China Nonferrous Gold Ltd Share Discussion Threads

Showing 551 to 575 of 575 messages
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DateSubjectAuthorDiscuss
30/9/2018
14:42
Equally hopeful here we'll be seeing a recovery. The total debt seems somewhat unchanged to me, ie the total has gone up, yet they also have $66m in the bank. It was encouraging to read that through CNMIM there seems a commitment in Tajikistan, they even consider to expand there plus they seem to be bearing shareholders' interests in mind too, or at least the word shareholder was mentioned frequently. And then production has started too, but if I understood correctly they really need this smelting plant fully operational, targeted for Q4, but I suppose they can stockpile in the meantime. Fingers crossed, from past performance this is also a share that could go up 50% in less than 60 minutes.
novicetrade68
29/9/2018
13:10
Well I've read through the results and cant see any reason why this share price isn't starting a small recovery.The mine is producing gold and therefore money.Depts are coming down slowly and the Gold price looks on the rise.Unless I'm missing something,this is looking like a good recovery play for the "Long-termers".
eke
25/9/2018
16:35
They want a Hong Kong listing.They tried and failed a few years ago if I remember correctly.So any "Tom Foolary" will have to wait for a few more years...In the mean time they may end up being a target for a larger miner if we have some consolidation in the Industry.Who really knows ....??
eke
25/9/2018
09:32
I've been saying all along - in my personal opinion, it looked like the CNMIM was stripping out all the value - siphoning any profitability to their other subsidiaries "contracted" with CNG. Even if they start pouring gold regularluy, a CNMIM subsidiary will be paid to process it, taking the lion's share of profits. Minority shareholders won't see a penny. Again - IMO!
rockybalboa
10/8/2018
22:43
Is this company still trading? Haven't seen any shares change hands recently. Is it a 'front' for something else?
icejelly
06/7/2018
13:29
Thanks rogue trader. I made it $52m as well. Forecast assumptions can be found on page 36 of the accounts as they are used for impairment purposes. They come from the BFS and should have been updated if needed. Cost per ounce is $500, assumed gold price $1,300. Tax and royalties 20% of sales. I am unclear if cost per ounce in a BFS includes interest costs. I would guess not. They have about $400m of debt now at c6% interest. I would have thought that is a generous rate and likely to go up on refinancing. The insurance claim I have now found and is less than $4m.
hounddog10
06/7/2018
13:27
I think the knife has fallen as far as it will go. Could be wrong but I have started buying.
charles clore
06/7/2018
13:14
eke, unless they become a lot more transparent with their forecast production numbers, cash costs and AISC that will be difficult. I'm waiting to the EOY to see how they perform with 'Actuals' for 2018; if I miss a big upside before then so be it. No more falling knives for me.
roguetreader
06/7/2018
02:20
That equates to 13.6c a share with 382.4M shares in issue.Need to find out what their production costs are per oz now to get a better picture.
eke
05/7/2018
17:53
HD10, I make 1.3M Tonne = 41,796 Oz @ $1250 = $52.2M (approx.)
roguetreader
03/7/2018
13:19
For CNMIM it would be very useful to maintain a public listing when dealing with an archaic regime like the one in Tajikistan so they cannot be seen as trying to steal Tajik gold?
novicetrade68
03/7/2018
11:26
The accounts say that they are aiming for 1.3m tons of gold production in 2019, doubling by 2021. I reckon 2019 is c$50m at today’s gold price. Is my maths right? I could not see any mention of the insurance claim in the accounts but I assume it is substantial. Th emajor risk here seems to me they will take it off the market now it is in production. Not sure what the benefit of it being on AiM is.
hounddog10
03/7/2018
01:25
The market thinks they can not only survive but prosper. This will be back up again in a jiffy imho.
charles clore
02/7/2018
14:29
Able to survive over the last 2 and half years with non operational gold mine and hugh repair work, so why would can’t they survive all of sudden! Large shareholders has backed through these times and only recently in March 18 handed a loan of over $30M.
zen12
02/7/2018
14:23
Agree time to get in is now, share price all time Low. Last weeks rns also confirms insurance cash due in soon. All systems go here..
zen12
02/7/2018
14:20
can the company survive with the massive debts? Even if they are producing
ukgeorge
02/7/2018
14:14
I agree completely, yet something so often happens on AIM is that investors rather seem to pay 10p when the share actually moves as opposed to pay 8p whilst it is still quiet.
novicetrade68
02/7/2018
14:01
Baffling market reaction though, last time they were fully producing gold INGOTS was back in Jan 16 (over 2 years), hugh effortand finance from large shareholder to get the mine fully operational again. This warrants a hugh re-rate. Can see directors buying in and other investors as this has been significantly de-risked.
zen12
02/7/2018
13:46
I think it is great news Zen12, hopefully back to 12p soon for starters, given that a lot of miners are weak today there is hopefully some more time to add here.
novicetrade68
02/7/2018
12:55
If he’s out, this will shoot up no doubt. Been depressing This share price for many many months now.
zen12
02/7/2018
12:44
2ook buy and only 55k sell see NEX also. MMs playing depressed SP, superb news today??
zen12
02/7/2018
11:22
The first good news at long last!Lets see how quickly this can recover.Don't think we will see the 20k seller any more.
eke
28/6/2018
16:37
Forgot the bid got hit so of course this went down to mid price after the close of the bell.
novicetrade68
28/6/2018
13:14
Pretty sure this is the bottom, not sure why mr. 20k seller keeps persisting. So end of July production to recommence, also targeting around 42k oz for next year and hoping to double again by 2021. The stand-out bits for me are also: - The Directors have received a letter of support from a substantial shareholder, China Nonferrous Metal Mining Group (CNMC) Co., Ltd, to provide the funding and support required to bring the mine into production. This in turn enables the group to make loan repayments and raise new loans. And since CNMIM is a state company, the One Belt and Road initiative applies too as per the report; - The company has long been dedicated to becoming a significant gold producer in Central Asia and participating in the "Belt and Road Initiative" with the substantial support and advantages of major shareholders. The company has also established a good relationship with the government of Tajikistan and other Central Asian countries and is well positioned potentially to gain more gold resources and gold mines so as to create greater benefits for our shareholders in the future.
novicetrade68
28/6/2018
11:49
Well, the report just about covers everything.Are we looking at the bottom with regard to the share price ?Another six month before full production I think not!Lets hope there are no "National Disasters" this winter as the word" Doomed" comes to mind.
eke
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