CNMC Gold Mining

my precious will make one go crazy and the lord will be watching haha. sorry sidetracked anw gold has been lagging behind paper money value far too long. Gold prices should start catching up even though paper money is not peg to it. Hedging to other instruments is a must for all nations should paper become banana one day. Who can guarantee we won't go back to the days where I ship u gold u ship me goods and materials.

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past 6 months creeping up close to 100%. let's see how far this Gold mine can go. paper is getting thinner and gold is getting thicker.

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I was thinking along the same lines, until I realise that during GFC gold price didn't do so well..

Short term maybe go up, but if global economy bad, it will eventually fall too

Also for cnmc they made significant forex gains when USD weaken against myr. Now the opposite is happening.

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Following is my personal opinion only... there could be a prolonged recession in UK plus Brexit has set a precedent for other EU countries to follow suit and break union. All these events could translate into gold prices rally. Based on May 2015 CNMC press release " In order to provide greater clarity for investors, CNMC has adopted World Gold Council’s latest recommendation for non-GAAP reporting to report all-in sustaining and all-in costs. In 1Q 2015, CNMC registered US$588 and US$616 per ounce of all-in sustaining costs and all-in costs respectively."

Their ability to maintain a low cost of production is amazing and dividends have been growing which could dispell whether cash is there plus debt is pretty low. Long term outlook no one can say but short term wise I think a further upside of 10% is not impossible. IMO value investing can be split into long term value and short term value also.

(vested)

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(25-06-2016, 12:13 PM)Life is a game Wrote: Following is my personal opinion only... there could be a prolonged recession in UK plus Brexit has set a precedent for other EU countries to follow suit and break union. All these events could translate into gold prices rally. Based on May 2015 CNMC press release " In order to provide greater clarity for investors, CNMC has adopted World Gold Council’s latest recommendation for non-GAAP reporting to report all-in sustaining and all-in costs. In 1Q 2015,
CNMC registered US$588 and US$616 per ounce of all-in sustaining costs and all-in costs respectively."

Their ability to maintain a low cost of production is amazing and dividends have been growing which could dispell whether cash is there plus debt is pretty low. Long term outlook no one can say but short term wise I think a further upside of 10% is not impossible. IMO value investing can be split into long term value and short term value also.

(vested)

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Latest "Äll-in-Cost" is US$487. See below quote taken from company latest press release:
All-in-cost
 
 
Below is a quote on company' s " all-in-cost" taken from 1st quarter press release:
" The Company&rsquo s ongoing efforts to improve operational efficiency paid off once again
in 1Q2016, as its all-in cost of production fell below US$500 per ounce of gold for the
first time to a record low of US$487 per ounce. This was a 20.9% decline from its allin
production cost of US$616 per ounce in 1Q2015."

(25-06-2016, 12:13 PM)Life is a game Wrote: Following is my personal opinion only... there could be a prolonged recession in UK plus Brexit has set a precedent for other EU countries to follow suit and break union. All these events could translate into gold prices rally. Based on May 2015 CNMC press release " In order to provide greater clarity for investors, CNMC has adopted World Gold Council’s latest recommendation for non-GAAP reporting to report all-in sustaining and all-in costs. In 1Q 2015,
CNMC registered US$588 and US$616 per ounce of all-in sustaining costs and all-in costs respectively."

Their ability to maintain a low cost of production is amazing and dividends have been growing which could dispell whether cash is there plus debt is pretty low. Long term outlook no one can say but short term wise I think a further upside of 10% is not impossible. IMO value investing can be split into long term value and short term value also.

(vested)

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10% is not a problem short term, KGI Renfred Tay did a analysis report with BUY CALL TP 48cents on 20 June 2016 recently.
http://www.nextinsight.net/index.php/sto...d-producer


dividend growth is a moot point. The current yield is only 2%+ which is just ridiculous since they are supposedly making so much money. ASSuming things go well, growing that to 3-4% wont be that impressive either. 

This mining also very risky, what if flood, wash off everything? often happen in malaysia and thailand jungles.

So talking about gold price, just like oil price is speculative at best. SO buying this is a speculative buy at best since the fate is tied so closely to gold.

Might be better off go down to UOB and buy some gold bar..

agreed, better off to buy UOB gold bars and keep...

hmm not even short term. morning up 10% liao. can UOB gold bar match it? let's see in mid term.

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(27-06-2016, 10:16 AM)Life is a game Wrote: hmm not even short term. morning up 10% liao. can UOB gold bar match it? let's see in mid term.

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Returns wise dun think gold bar can match this loh, after all small cap will be very high BETA. I remember the commodities boom couple years back, those palm oil stocks jump when the palm oil price just go up a little. Now look at how much they are trading at.

got the KGI analyst and BB pushing it, very soon will be 48cents they can sell out liao loh. Probably soon more analyst come and join in the fun. Gold fever how to stop? All those speculators in SinoG / Best world jump ship to this stock now loh 

Mid-term anyone's call. AS i said gold has shown to go up in short term as safe haven, but mid to long term (2-5years) it has been shown to trend down if there is a financial crisis and if global economy sputters. After all some of the price of gold is reflective of its utility as a metal.

@ Life is a game : congrats looks like will be a good ride up for you. Your problem now will be when to cash out

thanks bro Blue 😀 hmm I deleted that post already but still appear in forum haha... feel my comments not very humble after writing haha.

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