CNMC Gold Mining

0.275 haha... wow you really got yourself a nice entry point.

😇天堂与地狱😈就在当下

(26-05-2014, 05:22 PM)Life is a game Wrote: 0.275 haha... wow you really got yourself a nice entry point.

?天堂与地狱?就在当下

ya.. i very stingy one.. every bid counts xD.. yours not bad also ma.. in the money already!

(26-05-2014, 05:58 PM)binified Wrote:

(26-05-2014, 05:22 PM)Life is a game Wrote: 0.275 haha... wow you really got yourself a nice entry point.

?天堂与地狱?就在当下

ya.. i very stingy one.. every bid counts xD.. yours not bad also ma.. in the money already!

Some economists are predicting a QE4 to prevent a recession end of this year when the government support stops in the US. If that really happens we can see a rocket for gold prices again and hopefully this will increase the revenue for this counter. Fingers crossed hehe.

😇天堂与地狱😈就在当下

While higher gold prices will definitely give this counter another shot in the arm I wouldnt look at just that as to be honest nobody can really predict gold's direction. Lets look at whether or not the management has been making any progress in production, exploration , cost management etc and see if it can remain profitable or even increase profits, which to be fair CNMC has been doing for the past 3 qtrs alr. Haha my entry point is higher than yours but I have no complains as I already saw value when I went in, difficult to pick the low. Today's rally shows more people taking notice of this , lets see if its just a brief interest or the start of something really good . looking forward to see the outcome ~

you guys have any TP for this counter?

i'm looking at $0.40 as a reasonable TP, $0.75 as my greedy TP and $1 as the impossible TP!

which is a gd price to sell?

Malaysia?? gold mining..... alamak...

Seems to me that this is another disaster in the making - another clone of Malaysian related Lion Gold...

Not Vested
GG

(26-05-2014, 10:02 PM)brattzz Wrote: Malaysia?? gold mining..... alamak...

haha.. understand where your skepticism is coming from..

well for me, I did my homework and research (both FA and TA) and feel that this counter is worth parking my money in for capital appreciation.. if for whatever reasons some unfortunate event happens i.e. management decided to run road with the cash and gold bars.. i can only say too bad for me, better luck next time!

no risk no return ya.. cheers

(26-05-2014, 10:29 PM)greengiraffe Wrote: Seems to me that this is another disaster in the making - another clone of Malaysian related Lion Gold...

Not Vested
GG

Wow GG... seems like you have some insight into this company to make such a strong statement that it is another disaster company. Would appreciate you sharing with us on your views.

😇天堂与地狱😈就在当下

haha the comparison is liongold is inevitable but way off the mark for several reasons the most glaring being that Liongold has not been profitable for very long while CNMC has been for the last 3 Qtrs and can even give out dividends. I think the liongold incident has actually been a blessing in disguise for CNMC investors as it allows people to pick it up at current levels before it really starts reflecting its true worth. CNMC investors might be right or wrong even the most important thing is to DYODD , invest in what you believe in and dont blame others if it doesnt go in your direction