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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% 7.125p 7.00p 7.15p - - - 9,442 09:23:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 4.3 -11.1 -2.9 - 27.25

China Nonferrous Gold Ltd Share Discussion Threads

Showing 576 to 600 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
05/12/2018
04:04
I think the MM's don't know how to value this Company,hence the big spread and the "walk up " in the share price Happy to see this continue as the Gold price marches North. May see 10p plus by Friday.
eke
04/12/2018
23:46
It's incredible how the share has almost 'casually' three bagged so far, this share always moves so fast when it wants to move.
novicetrade68
04/12/2018
11:43
I hope some of you patient followers took some of the cheap shares available after their last production update,it was a clear signal the City MM's were slow to respond too hence todays share action.I switched a large holding in CEY over and I'm glad I did.Im backing the Chinese on this one and praying for a mild winter with no avalanche's.Holding now for a pound (NOT a ramp).
eke
04/12/2018
09:05
Nice to see some more activity / volume in the share.
c9ajl
17/11/2018
12:37
What will be very interesting to see is that the forecasted production of next year, ie 40k oz is based on quite a low cut-off grade, only 0.5g/t, whilst their drilling results throughout the years have shown much higher grades per tonne. May be their production number is going to be a lot higher, but of course only time will tell. I agree the next key news has to be the refinancing, and a positive update would propel this even higher I would imagine. I think at higher levels of these Chinese state companies there might be an awareness that trying to initiate an insolvency procedure in a North Korea-style country could actually risk the Tajik government simply taking back the mine by whichever means. CNMIM has been extremely supportive here and has poured money into Pakrut with no expense spared it seems throughout the years. In any case, I do think there is going to be some excitement back in this share for the coming months with ups and downs and it is of course still a risky play, but the future could also be very bright too and bag many times from these levels.
novicetrade68
16/11/2018
23:06
the main shareholder has been remarkably patient and has bent over backwards with regards its financial support of the company since the avalanche. Clearly there is still the matter of the $460m debt to be repaid. I do not see them doing a smash & grab to take the company over as that would not go down well with the Tajikistan government they have supported the company this far & we are now back at full planned 2,000t / day rate of production with previously stockpiled ore still available. Cash will shortly be regularly flowing into the company bank account. The original mine plan assumed $1,250 / oz for gold & $576 costs / oz.. Latest contractual updates from the company have shown labour costs have actually decreased locally so, the sales - cost differential likely pretty much as originally envisaged at the feasibility stage. Finance update is due by end of the year. At long last we have a cash-flow & the means to start repaying the debt. Well done to everyone involved on site over the last 15 months
mattjos
16/11/2018
12:05
yes, that was the sort of resource figure being bandied around & Kryso went on a huge run as a consequence back then. We may now finally get to see
mattjos
16/11/2018
11:57
This always moves fast in both directions once the Buys/Sells start
c9ajl
16/11/2018
11:54
It was said in the Kryso days there could be up to 10m oz at Eastern Pakrut previously found by the Russians. Worth a punt imho.
charles clore
16/11/2018
11:41
yes. I remember back a few years ago when Anthony Schindler was IR for (as it was then) Kryso and there was a lot of excitement in the city about the resources they had. no stock at all now online ... Market best is currently 6p
mattjos
16/11/2018
11:39
I took the 45k & 35k so guess your's was the 17.5 or the 148k? I really must do some research though. Any broker notes around?
waterloo01
16/11/2018
11:36
Has gone straight to auction and looks like it will UT at 5p. no more stock currently available under 5p
mattjos
16/11/2018
11:35
took a very small opening position today. Been watching for a couple of years now. Still very risky for obvious reasons but, they look to be finally back on track &, from my point of view, the price did not fall below the previous low so looks like a long term double bottom to me.
mattjos
16/11/2018
11:23
Anyone with a simple bull / bear case?
waterloo01
16/11/2018
11:22
Here we go!Breaks are off...NO more Avalanches please.
eke
16/11/2018
11:13
This looks interesting. New to the company but on a quick look at accounts, it looks well valued. Bought a few. Need to better understand risks v reward
waterloo01
16/11/2018
10:58
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 operational update.As previously announced, the finalisation of all infrastructure projects of the Pakrut gold mine is expected to be completed during the fourth quarter of 2018.As per this announcement, the company is happy to announce that CNG has succeeded in finalizing the combined/linked commissioning of the filling system and tailings transportation at the Pakrut gold mine, which marks that the company has already achieved a production scale of 2000 tons per day.
c9ajl
01/11/2018
17:09
Somebody bought a few today.A sign maybe....?We're into the 4th qtr so close to the company being fully operational as per their last report.Need to watch this more closely now that the Gold price is moving up.
eke
31/10/2018
14:31
...drip...drip...
charles clore
30/9/2018
13:42
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
12:10
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
15:35
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
08:32
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
21:43
Is this company still trading? Haven't seen any shares change hands recently. Is it a 'front' for something else?
icejelly
06/7/2018
12:29
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
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