Cqs Natural Resources Gr... Share Discussion Threads

[bpdon] 04/10/2021 20:30

Yeah, agreed @SpectoAcc - the fees read as high relative to the likes of BERI and BRWM. With its heavier bias to energy, BERI has faired better of late. In contrast, CYNs precious metals holdings will have held it back over recent months.

CYN is certainly quite interesting. A lot of the portfolio is aligned to the electrification agenda which _should_ prove a plausible theme to play. As you say though, the Chinese demand concerns and energy input costs will likely be a challenge.

[spectoacc] 04/10/2021 19:39

A lot of China demand issues going to crop up over Evergrande - but agree CYN has some interesting holdings. Those charges always put me off tho, 1.86% ongoing, according to HL data.

[bpdon] 04/10/2021 17:11

The discount here has bizarrely drifted to over 23% which is close to a 5 year low. Given the current inflation fears and commodity gorging, I am a tad surprised by this. Perhaps its due to the more esoteric appearance of the holdings. Dunno. But I added more today.

[tonytyke2] 06/7/2021 10:30

NAV over 172p, share price now around 13% discounted. Becoming one of my top up candidates again.

[tonytyke2] 18/6/2021 15:04

Thanks for those Papillon, IMO an share price (and wider commodities sell off) over reaction here, NAV also169.3p. If this dips further, I will be picking some more up.

[papillon] 18/6/2021 00:54

free stock charts from uk.advfn.com

CYN Ichimoku chart. I'm hoping the CYN share price will bounce off the base of the cloud (a potential support level)

Here's the copper and gold Ichimoku charts. Copper has gone strongly bearish (dropped below the cloud after initially finding support at the base of the cloud)

[papillon] 17/6/2021 17:55

Yes, I read about that potential copper substitute recently, tt2.
Meanwhile both the copper and gold prices are being trashed today.

[tonytyke2] 17/6/2021 16:30

Good luck with your top up here. Interestingly I did very quickly look at PUR a few weeks ago and put it on my list for a wider review. They seem to have high grades there, it's good to get in reasonably early before the crowds and good news arrive. The share should do well.

I did get into a graphite miner 4/5 months ago before their R+D Team subsequently developed in their words 'a ground breaking' graphene-aluminium composite as a potential copper substitute. Harder, lighter, cheaper etc. Now being tested by a number of parties including Rolls Royce. The crowd and the shorters are arriving in larger numbers daily though now, word is out, share price all over the place (:-)

[papillon] 17/6/2021 15:04

I had a small punt on CYN today, tt2, as well, though it wouldn't surprise me if the share price fell further. I'll top up if the price drops to the 200 day SMA (130p).
I'm contemplating a small top up in GPM and PUR (a high grade Canadian gold miner with further excellent exploration potential. I'm well in profit there having followed the lead of all the BoD who bought, en masse, around 6 weeks ago).

PS Looking at the CYN chart in the header "the falling off a cliff top" drop of the last few days is similar to the big fall in March 2020. Fingers crossed we get a similar recovery!!

[tonytyke2] 17/6/2021 14:54

Don't be shy Advfn member, please come on and explain why you are marking everyone's posts down.

[tonytyke2] 17/6/2021 14:30

Many thanks papillon

[papillon] 17/6/2021 14:23

The gold price continues to fall. Rather reminiscent of the price crash of March 2020. Will we see a rapid bounce back up like in April 2020? If so then GPM is the investment trust to be having a punt on (67% in gold miners and the rest in silver miners and other precious metal miners). The GPM share price could have further to fall, especially if the gold price continues to fall. Obviously GPM is a geared play on gold & silver since it's invested (like CYN) in miners.
I'll post some Ichimoku and longer term charts on here tonight.

[tonytyke2] 17/6/2021 12:57

Thanks for your info and input Papillon, I have just had a top up!

[spectoacc] 17/6/2021 12:44

So it might go up, or might go down? ;)

I like gold on weakness - US rates may rise sooner (& further), but inflation & $ depreciation is here already.

[papillon] 17/6/2021 12:41

The last time I looked at the CYN data sheet, tt2, they had 23% of the fund in copper miners and 15% in gold miners. They were CYN's largest sector investments. Gold crashed last night following the FED report and the copper price has been weak recently. I expect the NAV will soon reflect the consequent weakness in the sp's of those miners.
Regarding the CYN Ichimoku chart the CYN share price is currently resting on the base of the "cloud" which could act as support to the share price and lead to a bounce back up. You pays your money and you takes your choice. On a longer term view the 200 day SMA is currently around 130p. Prices often gravitate to their 200 day SMA, so it could have further to fall.
I might have a small punt at the current price and gamble that 150p is the bottom, but it could fall further. It all depends on the direction of the gold and copper price (and the other commodity producers CYN invests in).

[tonytyke2] 17/6/2021 11:57

Ah, perhaps those 3 reported delayed transactions of 50k and above are sells and the likely cause?

[tonytyke2] 17/6/2021 11:19

What's your Ichimoku chart saying today Papillon? I am now thinking of adding more.SP reaction seems well overdone, with the share price now around 15% discounted to NAV. Perhaps with it being a smaller fund it may get more impacted if a fund decides to sell some and bank some profit?I would understand perhaps some people reducing from a gold orientated fund, due to the gold price possibly weakening against a strengthening $ in the near future, but this fund is copper orientated.IMO the reality of the transition to EV's is still here with us and volumes of copper will be increasingly required to support this for a very long time.

[papillon] 16/6/2021 14:14

"Looks like some of those recent transactions showing 'red' are actually buys when I have just checked the latest buy price."

Often not a good sign, tt2, (not in the very short term anyway) when you can buy at the lower end of the official quoted spread and below the arbitrary mid price that advfn use to determine whether a trade is a buy, or sell.
I'll wait for the CYN Ichimoku chart signals to turn strongly bullish again before buying.

[tonytyke2] 14/6/2021 12:53

I like it, so have ticked you up. Cannot tick down anyway!

[killing_time] 14/6/2021 12:25

Stupid price drop, sometimes it happens with this share so I have topped up big time, thank you.
If you agree with my strategy tick me down.

[tonytyke2] 14/6/2021 11:05

Looks like some of those recent transactions showing 'red' are actually buys when I have just checked the latest buy price.

[tonytyke2] 14/6/2021 10:44

Well, now becomes 10% discount to NAV and comes into my buy zone.

[jhurst] 14/6/2021 10:02

Or is a divi cut on the cards?

[tonytyke2] 14/6/2021 09:31

Yep, Not sure it's an to do with an underlying investment. Perhaps a fund is re-balancing? bearing in mind the great run this has been on.

[papillon] 14/6/2021 09:20

CYN well down today.