China Nonferrous Gold Share Discussion Threads

[mattjos] 19/6/2019 22:18

avalanche may have done us a favour .. we're getting into full production just at the start of a new bull market in Gold. The original pog projections for the mine were less than current prices.
Results and update next week

[mattjos] 18/6/2019 13:41

Lovely POG

[brasso3] 17/6/2019 19:08

The chart is starting to look good here. Just needs ignition...

[eke] 15/6/2019 17:33

I remember now!It was when all the top -six teams were in turmoil that Leicester got lucky.....will never happen again for sure!

[eke] 14/6/2019 21:36

To win the league or to get relegated?

[bo doodak] 14/6/2019 17:52

Leicester City odds of 5000-1 would do :)

[mattjos] 14/6/2019 12:38

Just two supporters it seems

[eke] 14/6/2019 12:22

Agree.They could pull -off one of the biggest surprises of the year, which will make us both very happy.The anticipation is like a supporter of newly promoted Norwich City , awaiting their first game in the 2019 -20 Premier League. Season against the European Champions on August 9th!

[mattjos] 14/6/2019 08:49

Can't think of a better time for a completely forgotten about productive gold miner to issue what should be a defining operational update in next 2 weeks.POG on a tear and best part of 12 months production here yet to be detailed in any way to the markets

[eke] 12/6/2019 21:40

I would like to see a mid-price of 4p by Friday, and the rise to continue.More volume on the buy side would also be welcomed.

[mattjos] 12/6/2019 15:06

finally a bit of volume today & a rise in the price.

[mattjos] 11/6/2019 12:48

Added some more

[eke] 09/6/2019 20:29

MattA good analysis.Even if your calculations are 50% correct with over 300m shares in circulation we should look towards a 7 to 8p share price for this past year.If you factor in the same for 2019 -20 we should have an exponential increase to 14p and then who knows...All will be revealed soon.

[mattjos] 09/6/2019 00:15

2,000t/day * 365 days = 730,000t/yr

730,000t * (2.0g/t / 88% recovery rate)= 1.6m grams

1.6m grams / 31.1034 = 41.3koz

Call it 40koz * $1,300/oz = $52m

Headline sums only. We have no data operating costs thus far. It's a 6% Royalty rate to the govt.

Yes, there is a load of debt here but, they have managed to keep those plates spinning without any equity dilution, despite the complete absence of revs & cashflow for the last few years.
If they still harbour a desire to get off AIM and onto HKEX, they must first get some decent years of trading accounts under their belt & preferably profitable years before re-applying.
If this is the plan then, this could well be the lows in the share price.
Have to wait until we get some data & then I assume the new Nomad/Broker will issue some initial coverage
Max 3 weeks before we find out

[eke] 08/6/2019 00:13

Two days of big percentage gains will attract some watchers and a few gamblers.I would think it will be a slow and bumpy ride back up to her highs, which if,when,should it get there will definitely pay off my mortgage.Fingers crossed!

[mattjos] 07/6/2019 17:28

just about qualifies as a long-term Double Bottom, off 2.75p, & now starting to reverse from the lows.
Technically, not a BUY until it breaks out past the interim highs at 41p, which is clearly going to be a ways off but, at this very, very early stage, the pattern is starting to show some promise & seems to have been clocked by some others this week

[mattjos] 07/6/2019 17:23

Zooming in on the above red downtrend:

[mattjos] 07/6/2019 13:48

Bad NFP today. Gold likely to remain in upward trajectory as pressure for rate cut grows

[eke] 07/6/2019 11:43

Nice to wake-up to see the figure 4 and continued buys on the screen.With gold holding above 1330 and the Company's results ,production report in three weeks I'm starting to feel a bit more optimistic.

[mattjos] 06/6/2019 23:11

much, much stronger Bid through most of the day as flurry of (non-AT) buying arrived & bit of action in the Auction also for 50k. 7 week high in volume.
Lets see if the AT buyer has programmed in further conditional Buy at nn level trades if the rise continues.
I assume it will become increasingly less cagey as we approach the update but, that will depend on whether anyone on the city knows anything .. I suspect not.
Still a coin flip really but, last 12 months have been comparatively positive as compared to anything previous, in term of actually mining, processing and producing gold. If they cannot make this work on 1300+ POG and local wage costs then it will likely never work.

[mattjos] 04/6/2019 15:44

i had a few more at 2.76 earlier

[eke] 04/6/2019 15:19

Just got a few more 33k. Couldn't get 2.76 after trying for an hour.That's my lot!