China Nonferrous Gold Share Discussion Threads

[griffin4] 13/6/2014 10:10

CP, I agree, but I will assume all is going well in order for Mr Wang to want to join the company.Griff.

[cp42kx07] 13/6/2014 09:49

Estimable as Mr Wang may well be, that was not the announcement I have been awaiting all these months...

(;


CP

[jimlad] 13/6/2014 09:03

May be The Mine is getting near to completion.
James

[rogash] 13/6/2014 08:51

PROBABLY TOO FEW SHARES ABOUT

[rogash] 13/6/2014 08:38

ARE WE GETTING A GOOD PRICE IN HONK-KONG?IS THERE AN UPGRADE?ARE THE OWNERS BUYING US OUT?SO FEW SHARES EFFECTING THE PRICE. HAS ANYBODY GOT A CLUE.UP 25% THIS MONTH

[novicetrade68] 09/6/2014 13:56

or perhaps also our exploration license is in good standing again ie an official has recently received his new bmw.

[zboy169] 09/6/2014 13:54

there was reference to a drilling update a month or so ago too

[abacus23] 09/6/2014 13:53

HK listing must be soon.

When I spoke to craig a long while ago he said May.

[2350220] 09/6/2014 13:27

V Quiet on here, despite the nice tick up.
Any news due out?

John

[novicetrade68] 09/6/2014 11:37

Nice jump today, albeit on low volume.

[cp42kx07] 21/5/2014 16:44

zombie |ˈzɒmbi|
noun
• [informal] a company that is or appears lifeless, apathetic, or completely unresponsive to its surroundings.

[cp42kx07] 12/5/2014 14:34

What should we make of the "termination of option" to Tide Favour International Investment? Who were TFII anyway?

Perhaps management have come to their senses. Or perhaps TFII have struggled to interest investors in Pakrut? Given the opaque nature of CNG these days, it is hard to have any idea what is going on.


CP

[ned] 03/5/2014 17:28

Reduced holding with TDW.

[jimbowen30] 03/5/2014 13:48

I still hold in a TDW Sipp.

[charles clore] 02/5/2014 19:49

I'm still holding albeit not as many as before but still think this could have a great finale.

[c9ajl] 02/5/2014 17:35

Still holding with TDW ready for the HK move.

[sparkey_two] 02/5/2014 15:38

125k bought at average of 12p. Moved shares into TDW in prep for HK move.

[smartmoney100] 02/5/2014 15:04

I have a few in the bottom drawer, not a lot though and I'm no longer sure why!

[eke] 02/5/2014 14:29

Let's have a show of hands....I'm still here ..nearly 4years.Holding 85k. Now living and working in Tampa.

[griffin4] 02/5/2014 14:02

CP, fair point.

[mark of the rushes] 02/5/2014 13:56

I'm still here also but equally disenchanted with mgmt. communication(or lack of).

[cp42kx07] 02/5/2014 13:38

G4

The reason UK investors are still selling is that management have failed to explain the company's future prospects.

I recall some 18 months ago being mildly surprised at how few UK shareholders remained and by now the number must be minuscule (probably just you, me and the old chap in the corner nursing his pint!). CNG management (unsurprisingly, although still disappointingly) clearly have no use for this rump of long-term holders (7 years in my case).

Does a lower share price suit the interests of the major shareholders at the moment? It certainly makes it cheaper for anyone buying shares (albeit only in smallish quantities and unlikely to be anyone not 'in the know') but it also means greater dilution when they raise funds. So, as always, it's all about timing (mostly for them). It would be fascinating to be able to track the changes in shareholder location over the past year.

I suppose that my concern here is that the 'rewards' here are becoming less, not more, clear. A statement presenting a credible, reasoned plan, with milestones and a timetable, covering the key points on exchange listing and additional finance is something that, IMO, should have been presented to the markets a year ago.

CNMIM may (or may not) be experts at building and operating mines but their investor relations skills appear to be useless despite all their professional advisors.

The share price on 25/05/12 at the time of the confirmation of debt financing was 26.5p. At the moment we are at 26.75p but only 6 months from production... that speaks for itself.


CP

[griffin4] 02/5/2014 12:29

CP, the thing is, it's the UK investors that are driving this down, if the Chinese really want this company for themselves than surly we should stay to reap the rewards.

[cp42kx07] 02/5/2014 12:00

Over the last year this has become ridiculous.

The only trading direction seems to be down as UK shareholders exit due to lack of information / lack of confidence.

The self-interest factor of CNMIM involvement has always been a worry but with hindsight Craig's departure should have been the signal to sell.

What are the chances that this is being driven down prior to a low 20s HK placing (or even a CNMIM and associated parties buyout, LSE de-listing and subsequent HK listing and placing at a much higher level)? All completely beyond our control now.

I'd be interested to hear from the few remaining long-term shareholders as to how they see this playing-out.


CP