China Nonferrous Gold Share Discussion Threads

[ned] 26/12/2013 01:35

Griffin4

Just my sense of humour on the number of times it was said before the requirement for language courses in Chinese and Russian was ascertained.

Weather not helping, but sounds like a determined effort being made.
I expect that the new listing will be the next bit of excitement, but who knows.

At least the mine has "kicked off" - hopefully no injury time!

ned

[griffin4] 25/12/2013 20:22

Why pardon ?

[carlos panda] 19/12/2013 13:55

So CNG aim to raise a minimum USD 100m at a cost of 15m GBP 0.25 options making USD ~1.2m at current share price Another ~15m shares.

USD 100m at HKD 6 (GBP 0.47) would be another ~129m extra shares.

Total shares ~525m.

Could be worse.


CP

[carlos panda] 19/12/2013 08:28

ekeHmmm... You may be right.I can't quite decide if the sound I hear is rain lashing against the windows or hundreds of thousands of happy UK CNG shareholders laughing.CP

[eke] 18/12/2013 17:06

Something funny going on here...

[griffin4] 16/12/2013 14:42

I'm a long term holder that don't like trading, but even I'm annoyed with myself for not selling at 40p and buying back now

[carlos panda] 16/12/2013 14:18

Anyone else get the impression that this has been walked down recently? Falls on small volume, doesn't rise on large volume.

Hardly surprising when management appear oblivious (or worse) to the clear problem they have created. IMO you should never state that you intend to delist from one exchange without being ready to immediately list on another. The hiatus between is absolutely not to the benefit of existing shareholders.

Stop F'in about guys!


CP

[griffin4] 10/12/2013 17:04

Seems strange trades going through at mid price

[ned] 06/12/2013 09:40

The 33p current bid seems to indicate a continuing enthusiasm for parting us from our shares.

[abacus23] 04/12/2013 13:56

Is this the start of the next leg up?

Lots of AT buying going through.

[griffin4] 27/11/2013 13:52

Here's hoping they read your post Carlos

[carlos panda] 27/11/2013 07:13

30p! Whoever said "no news is good news"? It has certainly never seemed to work this way for KYS / CNG as we have drifted along for the last year.

25% off its high in less than a month (on low volume) - surely management need a high (40p - 50p) base for HK and therefore should be managing the listing process better than this?


CP

[jimbowen30] 22/11/2013 23:57

Jim Sinclair on gold...

My Dear Extended Family,

The following was written at Changi Airport in Singapore on route to Dar es Salaam, East Africa, November 22nd 2013

My presence in Singapore is a mission for us. Having reported to you the six locations where cash and physical only exchanges for silver and gold were to be established, I did not leave it at that. My staff and I have contacted each proposed exchange in order to determine which of the six held the best promise for the gold market transition phase for price discovery away from paper gold and to physical gold material.

My original interest was to join that exchange on behalf of TRX. That desire transmuted itself into putting my shoulder behind that exchange which offers the global window to the real price of gold. That exchange in my opinion is the Singapore Physical Precious Metals Exchange, headed by CEO Victor Foo.

Too long has gold suffered from trading in its paper form which was originally conceived of and has continued to live as the means of manipulating the paper price of gold for the benefit of the few.

The time is at hand for Free Gold. The mechanism of freeing physical gold from price slavery to paper gold is the present time deletion of future exchange warehouse supply as the real cash price of physical gold exceeds the spot futures paper contract by the cost of shipping, the cost of insurance, and the cost of recasting of Western form 100 ounce gold bars into Asian product demand form.

The reported shipment of one billion in gold recently from the USA to the Rand Refinery in the Republic of South Africa was not junk jewelry form as reported. It was rather in the form of 100 ounce Comex bars being shipped to the Rand Refinery for recasting into Asian product, and was sold mainly in China as gold rose in price.

I was there as a member of the Comex exchange in March of 1980, the last time the Comex board of directors panicked over the threat of the Hunt Brothers asking for delivery of both gold, silver and copper in excess of, or equal to, the then Comex warehouse qualified for delivery supply.

Asian demand for physical gold is now in excess of supply and the declining Comex warehouse supply qualified for delivery. This is the mechanism for the emancipation of Physical Gold from the 41 years of price slavery to paper gold due to the cheap paper mechanism to manipulate the world gold price.

With the present time and predictable need to change the delivery mechanism on the COMEX to cash in order to avoid default on delivery, the reign of paper gold is ending. With this end we have the arrival of physical gold as the new discovery mechanism for the price of gold.

For the transition to take place it is necessary that we have functional global platforms for the trading of physical metals between peers of merit and a transparent price for global physical gold that exists nowhere for even professional public consumption.

There has been a clarion call from the long suffering holders of gold shares and investment gold for the Chief Executive Officers of gold companies to identify and take definitive action to end the slavery of the gold price to the mechanism of manipulation, the paper gold market. The advent of global platforms for and the true revelation to the gold public of the real gold price, the physical cash price on a 24 hour basis in the answer.

The cost of trying to manipulate this public physical price wherein delivery must be immediately made or payment presented immediately in full makes it too expensive to manipulate the gold price on a consistent basis. The paper gold market cannot move far away from the real physical price when the real physical price is globally known. Therefore to manipulate price the tricksters will have to participate on the physical exchanges thereby increasing their cost of their operation by orders of magnitude. That huge increase in the cost of moving price at will is the beginning of the end of paper gold ruling the physical gold price. That substantial increase in the cost of operation is the beginning of the physical gold market taking the position as the true discovery mechanism for the global price of gold. It is the beginning of the end of the reign of paper gold.

We CEOs of gold companies owe our stockholders economic production and all of our efforts to defeat the plans of the tricksters and their paper machinations that cost near to nothing and results in gold moving such as $1900 to $1200 when the true demand for physical over ground gold was on the rise and not on the fall. Where demand exceeded supply as paper gold was forced by bullies down from $1900 to $1200. This dichotomy in price is only viable via paper gold manipulation and must end here and now. To that object of "Free Gold" and the economic production of gold, I dedicate all my strength, all my contacts of 53 years in the business, all my knowledge of how to, and my capital.

Respectfully yours,

Jim Sinclair

[novicetrade68] 22/11/2013 16:41

Cheers guys, in case you'd like any other stuff included in the header then by all means let me know.

[charles clore] 22/11/2013 16:14

Thanks Novice

[griffin4] 22/11/2013 14:42

Thanks novice

[ukgeorge] 22/11/2013 14:35

no that is where the share will start trading when all the chinese pile in

[novicetrade68] 22/11/2013 12:32

Thanks CP...interestingly no share price or announcements on their new website either so far.

[carlos panda] 22/11/2013 12:26

nt68

I believe that CNG is a recycled ticker and that the £0.66 showing is probably the last price prior to the old company de-listing. Hopefully the price feed will work correctly tomorrow.

[novicetrade68] 22/11/2013 12:08

On L2 it lists the new name and prices from yesterday at 32/32.5p, but the chart is static at 66p like it is on the chart here...most strange.

[novicetrade68] 22/11/2013 12:05

Hope people don't mind I've taken the liberty set a new CNG thread up, not sure if it's trading already though.

I'll dress up the thread a little bit incl a gold chart shortly.