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% 13.10p 12.20p 13.90p - - - 0 08:00:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.1 -1.3 - 50.09

China Nonferrous Gold Ltd Share Discussion Threads

Showing 501 to 523 of 525 messages
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DateSubjectAuthorDiscuss
17/5/2018
13:53
Wilmot, communications with .....Stans companies seems to be a trait. I have been following Altyn (previously Hambledon, Goldbridges) for a number of years and their comms are equally bad if not worse and they are listed on the main LSE market!!
roguetreader
15/5/2018
15:29
Lol, that would really be disappointing...production to restart this month!
novicetrade68
15/5/2018
15:27
Someone's teasing us for the next leg down...
eke
14/5/2018
13:25
Frankly that's my belief too, this is being manipulated and especially given the recent news of restarting the smelting plant in May and yet down it went further. But that's AIM for you, now we await the upturn, ready to buy more once some movement occurs.
novicetrade68
14/5/2018
12:54
I suspect the share price is being manipulated down to squeeze out any remaining UK hangers on. I sold some at 30p; I wish I'd got rid of the lot given the fiasco about listing in HK.
mark of the rushes
11/5/2018
12:46
From memory I don't think they've produced a single ounce, but their stockpiles look pretty decent, fairly easy 10k oz now with the smelter getting sorted this month.
novicetrade68
11/5/2018
12:21
Okay, yes just looked £46 drops the share about 8% Did the mine ever produce?
ukgeorge
11/5/2018
12:10
UKG, the new CFO here is effectively a CNMIM-plant, imo all the previous RNSes confirm this, CNMIM lends/refinances whatever CNG requires. I think the chart is a bit misleading now since 396 shares hit the 11.7p bid, if there are no further trades today then this will close at mid-price. It's still 12.88p to buy and one can still not buy many for that amount.
novicetrade68
11/5/2018
12:02
I'm amazed any PI's are still in this, I was a shareholder about 4-5 years ago production was always just a few months away then..... The chart obviously looks dire are they needing to raise cash?
ukgeorge
11/5/2018
11:31
Good luck with getting any insight from the company. This is the worst company in my portfolio by far in terms of communication to shareholders. They don't seem to care.
wilmot
10/5/2018
15:28
Its been my concern also.I would like to know from the company what structural modification have been put in place to counter damage from another potential avalanche. This might be digging ditches,constructing barriers (like the Thames Barrier) to prevent water ingress to vulnerable parts of the mine. May be the Insurance company may insist its done before they will provide cover.I have been holding for many years as a long term Investor. Not yet convinced be have reached a bouncing point but there seemed to be some buyers at 12.5p yesterday.
eke
10/5/2018
15:11
roguetreader, good point, I guess the comparison with MML is a bit apples and oranges.. maybe CNG will be spared a year or two regarding these avelanches, wouldn't that be nice ;-) it's been a long time coming here...the risk of being situated in a valley will probably be a constant hazard here...on the other hand, I do think a bounce is at last going to be imminent here, for only 10k shares they already charge above the offer (12.999p), but then again we also have an impatient 10k afternoon seller still here I think ;/
novicetrade68
10/5/2018
14:58
NT68 I take your point, although MML have been an operational producer since 2004 and to my recollection have only incurred relatively minor interruption to production as a result of cyclones (flooding) over this period. Maybe CNG have just been very unlucky. I tend to buy and hold (to a degree), so December 2018 isn't far off from my investment perspective. Will keep a watch here and see how they progress.
roguetreader
10/5/2018
14:46
Maybe CNG is just going to live with the risk of avelanches, I bet their insurance is not going to come cheap in any case based on only the history here. In a way it reminds me of Medusa Mining who operate in a cyclone area in the Philipines and so when it strikes, then it strikes I guess and it will be just too bad for shareholders. On the other hand, isn't the risk of these avelanches especially high around Dec-Jan-Feb time? That's a long way off. It has however puzzled me the share price has still been falling despite the recent positive RNS. MCAP only £46m atm, for a mine set to produce 120k/annum - obviously with risks attached.
novicetrade68
10/5/2018
14:25
I have run through the RN's issued since 2015 as there was an avalanche in 2015 that impacted development and then in 2017 the more serious avalanche / landslide. They now look to be recovering from the most recent event and have got some financial protection in the way of insurance, with their production and mine development now progressing. However, my concern is that I can find no statements of any risk mitigation that the management are putting in place to counter any future avalanche / landslide problems, should they occur. The only statement from the updates was that the 2017 event was a one in 50 years event. Even if the 2015 event was not as serious as 2017, there have been two events in the space of two years. As a result I would have expected some statement from management as to their risk policy on these from an operational perspective. Insurance alone is surely not sufficient. Otherwise this looks to have potentially significant positive risk / reward at these prices. Any long term investors / watchers care to comment or correct me if wrong? RT
roguetreader
30/4/2018
08:16
Continuous efforts have been made by the Company to fully resolve the operational issues caused by avalanches and landslides in early 2017. The collapsed electric towers have all been re-established, and the damaged buildings and equipment have been repaired. The current road to the Pakrut gold mine project has been restored to its normal condition, and power supply is now available. Construction progresses steadily, and production has already recommenced:As of this announcement, a total of 21,270 cubic meters of excavation work has been completed in the level of 2350m/2230m/2110m. The mining operation has recommenced and 50,000 tons of ore have been extracted.The processing plant has completed its equipment overhaul and workshop maintenance, and has already commenced production.The smelting plant has also been well prepared and is expected to be back to normal production by May 2018, subject to the production of gold concentrate. The whole Pakrut Gold Project is expected to be completely restored to normal production by then.The construction of the Pakrut Gold Project is also progressing well. The construction of underground projects such as ventilation systems has been underway throughout the whole winter. It is expected that the ventilation system engineering excavation and equipment installation work will be finalized by the end of September 2018. In early April 2018, the construction of surface works such as the tailing pond, backfill station and camps has commenced and all the equipment required for the backfill station has arrived at the site. The overall construction of all projects is expected to be completed during the fourth quarter of 2018.
c9ajl
18/4/2018
12:52
Something is going on.....Volume has hit the roof!
eke
05/4/2018
15:15
Yes, not a great look I agree. I guess we can only hope this is now close to the bottom. If all goes to plan hopefully restart of production soon, the weather in Tajikistan has been pretty decent over the past few weeks.
novicetrade68
05/4/2018
15:12
Chart is awful. :(
abacus23
05/4/2018
15:12
Demoralising considering the potential.
abacus23
05/4/2018
14:49
I wonder who this persistent 10k seller is, seemingly bailing at the lowest bid on a daily basis and always only one trade, but each to his/her own of course. MCAP now only around £50m.
novicetrade68
05/3/2018
14:31
I think these deadlines, as in the past, can move once CNG is delivering something ie restarting production, hopefully soon. I do think now we have a new CFO from very close to CNMIM they will support the company as long as till it becomes financially self-sustainable...I hope so anyway!
novicetrade68
05/3/2018
14:22
Well received by the City.Production to resume in the next few months which is a positive statement.Watching the weather now for anything which could throw a Spanner!
eke
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