CNMC Gold Mining

there is an increasing risk of negative interest rates being imposed and savers being charged on deposits in bank. Gold prices may stabilise or continue a short upward trend in the near term.

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Initiation report by a financial blogger. 

http://heartlandboy.com/cnmc-goldmine-ho...on-report/

<vested>

http://www.coreresources.com.au/the-meta...roduction/

cnmc does not have any special method of gold ore recovery. It's just the common dig, crush and leach widely used in the industry.

So company claims of low production costs due to superior method should be taken with a grain of salt.




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Saw this on SGX. Lease got extended! Catalyst for the stock to chiong tomorrow?

http://infopub.sgx.com/FileOpen/Press%20...eID=418580

(23-08-2016, 09:28 PM)punklitez Wrote: Saw this on SGX. Lease got extended! Catalyst for the stock to chiong tomorrow?

http://infopub.sgx.com/FileOpen/Press%20...eID=418580

Good Luck! All the best!

<not vested>

Good news come rolling twice!

Saw this on SGX

http://infopub.sgx.com/FileOpen/Announce...eID=418885

Enters into conditional SSA for Pulai Mine acquisition

3Q Results are Out

CNMC Reports 47% Rise in Net Profit for First 9 Months of 2016;
Marginal Profit Drop in 3Q2016 with Lower Revenue and Higher
Costs Arising from Stop-Work Order

http://infopub.sgx.com/FileOpen/Announce...eID=428009

Price of gold is not for them to dictate so revenue can be wild but production volume dropped 24% from 21 days of Stop Work Order and restarting. OTOH SG&A and remunerations increased 54% YoY. Looks like 4Q will be instructive

At least they still payout 1/4 of profit as dividends.

Share price has lost about 1/3 value, 60c peak down to 40c now since Mr Trump got elected and started a USD rally which has been bad for gold price which is now less than USD 1150...

my main contention with CNMC is still their claims of low production costs due to superior method of extraction. 

@life is a game did you manage to cash out near 60c?

(28-12-2016, 07:17 PM)BlueKelah Wrote: Share price has lost about 1/3 value, 60c peak down to 40c now since Mr Trump got elected and started a USD rally which has been bad for gold price which is now less than USD 1150...

my main contention with CNMC is still their claims of low production costs due to superior method of extraction. 

@life is a game did you manage to cash out near 60c?

Hi Bro Blue many thanks for looking out for me. I have cashed out quite a while on this counter at I forget what price haha but it was near peak. I cash out not because of fundamentally issues but the macro environment is no longer in its favour.

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