China Nonferrous Gold Share Discussion Threads

[novicetrade68] 12/6/2018 15:13

I wouldn't be surprised if the 5m trade from last week was actually from Beaufort.

[novicetrade68] 12/6/2018 15:12

There is a bit of messing going on imo.

[charles clore] 12/6/2018 15:03

10p now. I wouldn't like to even guess where this is going next!

[eke] 08/6/2018 19:46

5.1M hardly moved the share price A buy of this size would usually result in a spike up.I suspect its a transfer between two Directors.My thoughts only.

[c9ajl] 08/6/2018 19:25

5,128,537 trade. I presume that was a buy? Either way I would like to think that clears out all the sells that have have been accumulating. Hope this starts to tick back up again now?Any thoughts?

[novicetrade68] 08/6/2018 13:36

For clarity, that is of course not guaranteed at all, and hence this is trading so low!

But CNMIM is a major shareholder, the CFO is from CNMIM and $90m so far has been rearranged. So no guarantees, but on the other hand we can be reasonably certain that before Dec 31st they won't be going bust. Also, production cost is anticipated to be very low, so a 120k oz/year operation, growing to 200k, should still repay everything within 5 years.

[legg96] 08/6/2018 13:25

Novicetrade,
The gearing of this company seems enormous. Why do you think CNMIM will keep bailing out the shareholders.

[novicetrade68] 08/6/2018 12:32

Let me add though that when the share price was 25p the debt was also $300m+, this is a big operation after all.

[ukgeorge] 08/6/2018 11:26

Okay thanks, didn't realise it had got that high.

[novicetrade68] 08/6/2018 11:17

UKG, the debt is high, over $300m and they would have to be refinanced before year end. CNMIM has been arranging all these loans for them and as per one of the last RNSes it is hoped that process would be completed before Dec 31.

[ukgeorge] 08/6/2018 11:10

Novice do you know what the current debt is? The share price suggests they are going bust...

[novicetrade68] 08/6/2018 10:59

5.1m bought at 11p, at least somebody sees value.

[novicetrade68] 05/6/2018 14:38

They're 11.54p to buy in case anyone is looking ;-)

[novicetrade68] 05/6/2018 14:37

17.50p sounds very nice to me CC as I clearly had my timing wrong when I purchased these (in the 14s), surprised to see we're down to a £40m MCAP atm.

[charles clore] 05/6/2018 14:08

Could this be the bottom? If it is I would be looking for a bounce to 17.5p for starters.

[novicetrade68] 31/5/2018 15:16

Still pending CC ;-)

The 10k seller has become the 13k seller, never realised there are so many 13,000 holders out there.

[charles clore] 31/5/2018 09:13

Anyone know what happened about the estimated 10m oz at Pakrut East?

[roguetreader] 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!!

[novicetrade68] 15/5/2018 15:29

Lol, that would really be disappointing...production to restart this month!

[eke] 15/5/2018 15:27

Someone's teasing us for the next leg down...

[novicetrade68] 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.

[mark of the rushes] 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.

[novicetrade68] 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.

[ukgeorge] 11/5/2018 12:21

Okay, yes just looked £46 drops the share about 8%

Did the mine ever produce?