China Nonferrous Gold Share Discussion Threads

[bob1995] 25/6/2019 03:25

. Seems it is off the radar. Expect soon a bit more coverage

[mattjos] 24/6/2019 20:50

Nice post eke. I can clearly visualise that

[eke] 24/6/2019 20:39

A"Spaghetti" western perhaps....Clint Eastward rides into town wearing his Poncho, looks into the camera and says - 8p on Friday! spits his chewing tobacco out,fires two rounds from his six-gun and rides off.Can't beat a poorly made Spaghetti...Oh!Forgot to say im "gunning" for double figures on Monday.Anyone else fancy a guess?

[mattjos] 24/6/2019 19:34

thread is like a black/white western movie showing tumbleweed blowing across a ghost town, i assume a collective holding of breath persists ... the tape shows a different picture.Gold continues to march upward after a long 6 year consolidation bowl pattern - there will no shortage of buyers for the physical output from Pakrut.

[brasso3] 24/6/2019 09:45

6.1p to buy at present.

[mattjos] 23/6/2019 20:15

Arguably is difficult to value as the EV figure is virtually entirely comprised of the debt so, any would-be acquirer would need pockets as deep as CNM.We simply have to wait for results before we have any clue as to cost of production.The right to mine at Pakrut & the physical assets developed to date surely far eclipse the current mkt cap?Current pog and Utd ave. pog are both higher than the mine plan assumed from year 2 ops onwards.I do not see why we should not now experience a rapid/sharp return to the previous underlying value uptrend that was in play before the avalanche buried the plant & the share price.$1,400+ pog for any length of time thru 2019 &2020 is going to be a huge, huge boon as they accelerate to 4,000t/day processing ability with much of the infrastructure already in place.Unlike most other AIM miners, they have not diluted as a consequence of the avalanche disaster. Yes, the debt is there but, they have nursed the equity.

[mattjos] 23/6/2019 19:52

27 sept 18:"After completing the infrastructure projects, expected in the fourth quarter of 2018, the Pakrut gold mine is expected to enter full production and capacity will gradually reach 2,000 tons per day. In 2019, the Pakrut gold mine is expected to achieve an annual production of 660,000 tons and produce 1.3 tons of gold per annum. Subsequently, the company will fully increase its production capacity, and strive to double its capacity by 2021. While increasing the production, the company is as making every effort to research and refine the selection and improvement process of the Pakrut gold project by continuously reducing production costs, increasing recovery rates and improving its overall competitiveness."1,300Kg = 41,795oz AuIn Nov 18, they confirmed reaching production rate of 2,000t/day so, we've had 7 months production since then .. circa 24,000 oz if production were linear across the year but, best assume the flotation circuit will slow in the winter and speed up in the summer.Call it 18,000oz YTD.POG has averaged $1,300 YTD so, $23m Revs YTD10p share price (fully diluted 390m in issue) would be $49m mkt cap .. just 1 x Revs.Looks cheap too cheap too ignore, afaiac

[mattjos] 21/6/2019 21:44

Brasso .. check mail

[brasso3] 21/6/2019 21:21

Nice rise on tiny volume. Any positive news here will make things very interesting. Seems like few people are aware of CNG.

[mattjos] 21/6/2019 13:30

Tight as tight. I've had everything i could lay my hands on last few weeks and tried not to move the price but, now it is very keenly bid by many folk including Cantor today

[eke] 21/6/2019 13:13

You may need to change your broker.I just tried to buy 20k with Halifax and they offer me the full amount at 5.8p

[homebrewruss] 21/6/2019 11:46

eke, there is/was nothing available to buy.
I bought a few the other day but I could only get a quote for a handful of shares today so left it.
Presumably someone as bought some on a negotiated trade and that is the best price they could get for that amount of shares (8518).

[eke] 21/6/2019 11:23

Now looking VERY good!

[eke] 20/6/2019 21:49

Gold at $1500, 60p might be possible.In 6 months might be a touch optimistic. I only have 300k with 50k in CEY so well overweight in gold. 100p in 5 years would suit me nicely.

[brasso3] 20/6/2019 21:26

There is a large spread here so not easy to tell what the real price is.

Cup and handle formation on the chart?

[eke] 20/6/2019 11:30

Buy Volume picking up slowly .4p mid-price looks certain today.I'll be happy with a Farthing rise every day for the next five years...thank you!

[mattjos] 20/6/2019 09:12

Bizarrely quiet here still. Gold at 1380 and we are processing 2,000t/day

[mattjos] 19/6/2019 22:40

fozzie .. market decidedly reluctant to give up many these last few days.

[fozzie] 19/6/2019 22:33

I have tried to get stock today with a 3.5 limit and got nothing

[mattjos] 19/6/2019 22:22

have been on Bid here today & got a small fill at 3.44